Online Casino, a Multi-Billion Dollar Industry- What's About to Change Needless-to-say, the online gambling industry, therefore, needs to take the necessary steps to build safe and secure platforms for casino operators and consumers at large. It is no surprise that gambling companies are one of the most favorable targets for scammers and hackers.Ĭybercriminals target their resources in two major ways: one they steal the obvious - money and the other they look for confidential data shared by gamblers online.
In an environment where gambling occurs online, thousands of billions of casino money are transacted via credit and debit cards, wire transfers, and e-wallets. They have even outperformed their physical counterparts by massive numbers. With the COVID-19 situation confining people to their homes, there's a lot more population playing on the internet. No wonder the online gambling ecosystem is at its finest phase!
In fact, according to a study by the GrandViewResearch, online gambling is about to witness massive growth, and in the US alone, it will reach a value of $102.9 billion by 2025. The online gambling industry is one of the potential sectors that may make it through the pandemic with the least possible damage.