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Online Gambling: A $100 Billion Industry with Innovation and Bit of Favorable Regulations

February 06, 2020 / NewsBTC
SHARESHARESHARE

Cryptocurrencies in the gambling industry don’t need any introduction as an impressive number of online gambling platforms have already adopted Bitcoin and other altcoins. But that’s not the end, as there is still a considerable chunk of platforms that are yet to make a transition, which combined with the growing interest in cryptocurrency among the general public and online casino gambling enthusiasts has left the doors open for the industry to scale great heights in terms of future growth. In the current situation, the online gambling industry is poised to register a CAGR of over 8.77% by 2024. The exponential industry growth rate over the years has been achieved mostly by the introduction and adoption of new technologies like cryptocurrencies and its underlying blockchain technology.