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What is the biggest development for the future of the iGaming industry

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Over the past few years, we have seen rapid growth in the iGaming industry. It offers huge opportunities to the operators and users to have a better gaming experience. The industry includes various verticals such as sports betting, casino, poker, virtual games, and many more. At present, sports betting and online casinos are the most popular verticals available in the iGaming industry. The statistical records by Technavio show that the industry will reach approximately $ 144.44 billion by 2024. There are sports betting software development companies available in the market that help business owners in developing the best sports betting platform for the audience. They offered customized platforms to the users to fulfill their expectations in the market. 

The statistical records show that the iGaming industry is expected to grow by more than $125 million by the end of 2025. The advancement of technology causes a rise in the sports betting and online casino sector of the iGaming industry. The iGaming industry allows users and investors to earn huge rewards and profits. 

 

The Statistical Records of the iGaming Industry

  • The iGaming market is expected to grow by 565.4 billion by the end of 2022. 
  • The transparency market research says that the industry will soon reach 90.13 billion by 2021-2025. 
  • The market survey says that the industry will reach $94 billion by 2024. 
  • The number of registered users will grow by 12.5% CAGR by 2026 in the iGaming industry. 
  • The American Gaming Association says that the revenue of the industry will grow by 86.2% yearly. 
  • There are almost 50% of people involved in the iGaming industry that shows huge involvement of the users and business owners in the industry. 

 

Advantages of the iGaming Industry

  • Online casinos and sports betting are the popular and growing vertical of the iGaming industry that could help operators in generating huge profits.
  • The casino software solution providers help operators in making huge profits and attracting a large audience in the iGaming industry. 
  • The iGaming industry offers various development opportunities to business owners that can cause huge profits to the operators. 
  • The iGaming industry has a wider scope for operators that offers huge opportunities to business owners in the market. 
  • Current legalization in many countries also increases the opportunities for the operators in generating profits. 
  • At present all major sports are covered in the iGaming industry that attracts the targeted market easily and causes huge revenue to the users.

show the rising trends of the iGaming industry. It creates huge upcoming opportunities for business owners in generating huge profits. The iGaming industry is the fastest growing industry and responds to trends smoothly that influence huge audiences in the market. There is two biggest development that the iGaming industry will continue to lead with are as follows:

The above-discussed advantages 

Online Casino 

  • It is easy to operate and investors can easily earn huge profits while investing in the online casino industry. 
  • The online casino industry has wider scope in the iGaming industry and there are various online casino software solution providers in the market who are ready to offer high-quality solutions to the audience. 
  • The industry offers huge prize money and rewards that can influence a huge audience in the market.   
  • The statistical records show the growing trend of the sector and offer huge opportunities to the business owners in generating huge profits. 
  • The demand for online casinos increases in the market which offers huge upcoming opportunities in the market. 
  • The casino industry includes betting on the outcomes of certain events and results that bring profits to the users as well as operators. 
  • To start an online casino business successfully, you just need to opt for a trusted online casino platform development company that can build a reliable platform for your audience.  
  • Due to the advancement of technology the industry includes various games such as craps, baccarat, slot games, roulette, and many more that offer entertaining platforms to the audience and help businesses to earn huge profits. 
  • The market survey by the experts recorded that the industry is expected to grow by 12% CAGR by the end of 2025. 

 

Sports Betting

  • It is another growing sector of the iGaming industry. At present, people found the sports betting industry engaging and entertaining and a huge number of businesses are also moving to the sports betting business.
  • The recent legalization in many countries is also positively promoting the sports betting industry. 
  • The industry offers an opportunity to the operators to connect with the audience globally.
  • The business owners can get wider scope through the industry as it includes various global sports events that influence a huge audience in the market. 
  • Due to the increasing demand in the industry, it shows the rise of its popularity and also increases the revenue of the industry in the market. 
  • Business owners can get huge opportunities as the number of users and competitors is also increasing in the industry. Thus, investing in the sports betting industry could be the best alternative for business owners in generating huge profits. 

 

Conclusion

Undoubtedly, the iGaming industry has become a popular sector in the market. It can easily influence a huge audience with the help of its verticals. The statistical records show the rising trend of the iGaming industry among business owners and users. Sports betting and the online casino industry became the mainstream of the iGaming industry. As discussed above these industries increased the market share of the iGaming industry over the past few years. To build your own business in the sports betting and online casino industry, you need to try the services of well-known providers and offer the latest trends to users with huge profits in the market.

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Salsa revs up aggregator offering with Nolimit City content

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Salsa Technology has revved up its outstanding Salsa Gator offering by launching a wide selection of Nolimit City’s titles on its aggregator platform.

iGaming developer Nolimit City is world renowned for its groundbreaking ideas and notorious themes. Showcasing a library that consists of more than 50 games that are available in multiple tier one markets, Nolimit City’s slots embrace a wide range of themes and feature several popular proprietary mechanics: xNudge®, xWays®,  xSplit®, xPays®, xBomb®, and Infectious xWays®.

Salsa Technology is now showcasing the provider’s slots within the Latin American region and that includes some of Nolimit City’s most in-demand titles like San Quentin xWays, Fire in the Hole xBomb, xWays Hoarder xSplit, and Book of Shadows.

Games that join the Salsa Gator offering are hand-picked from only the best providers across the iGaming industry. Each game is accessible via a single integration and contributes to long-term growth strategy.

Salsa Technology’s Head of Marketing & Communications, Eliane Nunes said:“Nolimit City knows exactly what they are doing when it comes to designing games that players have a real affinity with. There is no doubt that these games will be an instant hit with our network.”

About Salsa Technology

Salsa Technology is a leading B2B company that develops customised solutions for the iGaming industry in Latin America and Europe and is licensed by the Malta Gaming Authority (MGA), one of the world’s leading iGaming regulators. The company provides an omnichannel platform that serves online and physical operators. Its leading game aggregator  is live in LatAm and will be available in additional global markets soon. Salsa began life in Video Bingo game development and is renowned for providing highly targeted games for the LatAm market. The company is one of the most popular technology developers in the Latin American market and is rapidly growing into other markets. The platform, technology and entire games portfolio is lab certified for Colombia, Mexico, Asia, and Europe will be coming soon. More information at www.salsatechnology.com.

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Decimal Data Services teams up with ParlayBay

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Sports data specialist, Decimal Data Services (DDS), has signed an exclusive agreement to supply its cricket and kabaddi data to ParlayBay, a leader in sports betting games.

The deal gives ParlayBay access to the best sports statistics and data in order that it can create the most exciting and realistic games for its clients.

These simple short-round games contain popular features such as cash-out, leaderboards and social engagement tools, as well as intuitive user interfaces to appeal to a wide player demographic.

DDS provides event and pricing data to operators, media outlets and other content providers, alongside fully managed trading services.

Its cricket and kabaddi feeds are enjoyed by a variety of organisations around the world, with the former also used with proprietary animations and algorithms to create its own range of innovative virtual betting games.

Charlie Bruce, Head of Product at Decimal Data Services, said: “We are very excited to team up with ParlayBay. It’s fantastic to see our data develop into an innovative player-focused entertainment experience. Decimal Data is thrilled to be joining the company’s growing list of clients.

“Good quality data is at the heart of all sports betting and we are confident that ParlayBay will benefit hugely from the fast, reliable cricket and kabaddi data we can provide.

“There are so many opportunities to utilise this type of information to further the commercial goals of our partners across sport and its associated industries.”

Patrick Nordwall, CEO at ParlayBay, said: “Our games have been created with sports fanatics in mind and good data feeds are just as important to them as a great user experience.

“We are looking forward to seeing where this partnership takes us and how we can grow our businesses together in the coming months.”

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Kiron Interactive strikes again with iGOAL

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Award-winning specialist software developer and supplier to the global gaming industry, Kiron Interactive has released its highly anticipated instant-win football game, iGOAL.

Kiron has gained global recognition for producing adeptly refined games which mimic a variety of the world’s most popular sports and is once again setting new industry standards with the release of its second instant-win game following the successful launch of golf title, Up ‘N Down.

Set to redefine virtual sports, iGOAL delivers an exciting new instant football betting experience. Created with cutting-edge 3-D animation, market-leading betting algorithms and with online play in mind, matches are available on-demand, 24/7 and offer players the chance to bet on single or multiple games, with winnings instantly viewable.

The User Interface (UI) is intuitive and aligns perfectly with the variety of bet market selections, including quick bet options, all designed to fit the immersive nature of the gameplay, which includes exhilarating live commentary as players watch the action unfold.

Operators will find the game easy to offer, with a quick and convenient setup that works across all major browsers, also supporting a wide selection of languages and currencies.

Jason Pretorius, co-CEO of Kiron said:iGOAL is an innovative game that we’re excited to launch with our partners globally. It takes inspiration from many of our proven, high-performing products with its realism, engagement and flexibility for both players and operators and takes virtual betting to the next level.

“We’re incredibly fortunate to have the talented team that we do at Kiron to develop products like this and we’re eager to see players begin to enjoy the contemporary, instant win experience that iGOAL provides.”

Kiron’s latest launch complements its recent marked commercial growth in an array of key regulated markets including, Spain, South Africa, Sweden and Colombia. The company now supplies 51 games, and game variants, in more than 60 countries.

To request a demo or find out more on Kiron’s Instant Win Game Portfolio, contact Kiron: [email protected]  or click here: Request a Demo | Kiron Interactive

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