If you have extra money lying around, it is already common knowledge and common advice from financially “literate” people to encourage you to invest it. But…invest it where? Sure, you may know about the stock market. You know what it is, and you may already know the basics of how it works. Still, starting on the stock market is what many people consider to be the toughest step, as you would essentially dive into the risk of investing in something that you have no idea if it will pay off or not. With that in mind, why not try buying shares from an online casino?
Don’t get this piece wrong, though. This is in no way to tell you that investing in an online casino is the best course of action for an investment. If anything, this is simply to let you know that such an opportunity exists, and there might be something here that could work for you. After all, that is how it goes in the stock market–it could work for you, it could not. So, is it worth investing in the best UK casinos? Here are some of the things you should know.
Now is the time
In a podcast interview via The Motley Fool, contributor Luis Sanchez commented on the rising significance of online casinos to the overall industry of gambling. He said: “The really big theme there is this transition from offline to online, and that’s been the biggest driver of, I guess, the most interesting way to invest. So, this is like a theme that we’ve seen play out in a lot of other industries, whether it’s retail and the transition to e-commerce or, you know, name your industry that’s becoming digitized. So, this trend, I think right now online gambling has about an 11% share globally. And I mean, in the context of a global pandemic, it’s increasing, but it was already increasing about 1% or 2% per year regarding penetration. So, I think that’s just a really interesting global theme.”
The trends in online gambling point to the idea that there is no way for this industry but growth. And if the industry is set for growth, it only makes sense for its value in stocks to grow as well.
We all know that COVID-19 crimpled a lot of industries, and that includes land-based gambling. This is where the popularity and the demand for online gaming increased. People who are into this activity had to have something to do and since they cannot go out and establishments are closed, online solutions were the thing people went for.
The market is already massive–and maybe even bigger
The reason why a lot of investors and experts alike consider investing in shares of online casinos to be a potential win situation is that most market projections point in one direction-the revenue and the market value of the online gambling industry is set to grow bigger and bigger.
Overall, it is expected that the market value for online gambling would be at more than $100 million in the next seven to eight years. Land-based gaming is not expected to go away anytime soon but the truth is already set in stone–online gambling is the future, and you ought to jump into it early to be one of the first people who will reap the benefits of investing in it.