New data released by CoinJournal has revealed that online casinos are set to generate more revenue in the UK this year than in the US, marking a significant shift in the global gambling industry.
According to the data, online casinos in the UK are projected to generate a staggering £5.6 billion in revenue in 2021, surpassing the forecasted revenue of $6.2 billion for online casinos in the US. This marks a significant increase from the previous year, when online casinos in the UK generated £3.2 billion in revenue, compared to $4.7 billion in the US.
The data also highlights the growing popularity of online gambling in the UK, with a record number of players flocking to online casinos in search of entertainment and big wins. This surge in popularity can be attributed to the convenience and accessibility of online casinos, as well as the wide variety of games and bonuses available to players.
One of the factors driving the growth of online casinos in the UK is the continued expansion of the industry, with new operators entering the market and existing ones expanding their offerings. This has led to increased competition among online casinos, which in turn has resulted in better promotions and higher payouts for players.
Additionally, the data reveals that the COVID-19 pandemic has had a significant impact on the growth of online casinos in the UK, with many land-based casinos forced to close their doors due to lockdown restrictions. This has led to a surge in online gambling activity, as players turn to online casinos for their gambling fix.
Commenting on the data, a spokesperson for CoinJournal said: “The UK has long been a hotspot for online gambling, with a well-established regulatory framework that has attracted operators from around the world. With the pandemic accelerating the shift towards online gambling, we expect to see continued growth in the UK market in the coming years.”
As online casinos continue to thrive in the UK, industry experts predict that the gap between the UK and US markets will only widen in the future. With more players turning to online casinos for their entertainment, the UK is poised to solidify its position as a global leader in the online gambling industry.
