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4 reasons why online gambling sites became the internet's most profitable companies



Over the past two decades, gambling has escaped from the confines of brick-and-mortar buildings to adopt the limitlessness of online casinos. Their decision to go online has not only helped gambling companies make more profits than ever before, but it has also allowed players from across the globe to win huge cash prizes without ever setting foot in a casino.

So massive has been the rise in popularity of these websites that even increased competition has done little to make a dent in their revenues. Although new companies are entering the market every month, those who are well-established continue to generate massive amounts in earnings.

Here’s why that’s the case:

Increase in the number of internet users
At the start of the 21st century, there were only 413 million internet users worldwide. The number ballooned to over 3.4 billion in 2016. More than 600,000 people are getting access to the internet every day over the past five years. The rise in people who are connected to the worldwide web has been the most significant reason behind the increase in profits of online gambling service providers.

Decrease in the prices of connected devices
All of us are aware that the prices of devices which can connect to the internet – laptop, personal computer, smartphones, etc. – have nosedived over the years. This has allowed the ever-expanding global middle class to purchase these devices without blowing a hole in their pocket.

Add to the equation the increasing internet connectivity, and you could gauge how online gambling companies have profited from the decrease in the prices of gadgets.

Lure of free games
Visit any casino of your choosing, and you’d find them offering a plethora of slot machine games without downloading or registration to attract potential customers. The thinking behind this is that players who try their hand on such sweeteners are more likely to move on to real money games.

Casinos offering exclusive promos
To attract new customers and retain existing ones, casinos offer special promos, bonuses, and gifts from time to time. While such inducements attract new players with the lure of easy money, it also convinces those who have already signed up to come back again to win more prizes.










Today's News

February 8, 2020

An exhibition of works by Alexander Calder opens at The Neuberger Museum of Art

Sales take a dive at Sotheby's post-Brexit London auction

Sledge and flag from Shackleton's Nimrod expedition at risk of being lost abroad

Man charged as two stolen Banksy works found in Paris

Hamburger Kunsthalle opens an exhibition dealing with the theme of loss

Almine Rech-Brussels opens a museum-quality selection of 22 paintings, created by Antoni Tàpies

Art Central cancelled amidst public health concerns

Vitra Design Museum opens "Home Stories: 100 Years, 20 Visionary Interiors"

Banksy is a control freak. But he can't control his legacy

Noah Davis is gone; His paintings continue to hypnotize

The Courtauld announces the appointment of its first Managing Director, Dr. Tzo Zen Ang

Charbel-joseph H. Boutros' first solo exhibition in a Belgian museum opens at S.M.A.K.

Art in General appoints Irene Mei Zhi Shum as Executive Director

Janet Rady Fine Art opens Fire of Love, Amin Roshan's first solo exhibition in London

The Gujral Foundation opens its first exhibition of the year with Remen Chopra W. Van Der Vaart

Nottingham Contemporary opens a solo exhibition of works by Denzil Forrester

Beyond architecture, a builder of lusty fantasies

Els Dietvorst's first retrospcetive exhibition opens at Museum of Contemporary Art Antwerp

Cambodia: War and Beauty photographic exhibition opens at FCC Angkor by Avani

Latifa Echakhch presents a new installation designed especially for BPS22

Modern Art Oxford opens the first ever UK solo exhibition of Johanna Unzueta

Spring 2020 exhibition programme opens at Salzburger Kunstverein

Exhibition surveys the artistic innovations and impact of several generations of women artists in Texas

UOVO Art Storage announces new CEO Daniel Schmerin

'Pornographic' French writer Pierre Guyotat dies aged 80

The Most Expensive Art Ever Sold

10 Tips for Students Who Want to Start a Small Business

4 reasons why online gambling sites became the internet's most profitable companies

Enjoy Luxury car chauffeur services worldwide




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