For many years brick and mortar casinos dominated
the gambling industry. Online casinos came on the seen as an
alternative to smoky gambling halls and distant traveling. Brick and
mortar casinos always considered online casinos competition and many
analysts considered online casinos as the future of casino gambling.
The current economic crisis has seen brick and mortar casinos lose more
and more business while online casinos have thrived. The stage may be
set for online casino to assume the mantel of “future of the business”.
Industry analysts anticipate that by the year 2012,
online casino revenues will significantly pull ahead of the revenue
raked in by brick and mortar casinos. The last few years have seen a
steady 4.8% growth from online casinos each year. Brick and mortar
casinos by comparison have only enjoyed a 2.2% increase over the same
period of time. In 2012, analysts expect to see online casinos achieve
a financial market volume of $24.4 billion.
Online casinos have enjoyed enormous and growing
popularity over the past few years. Players that have been loyal to
brick and mortar casinos in the past are being educated on the
convenience and, sometimes, the better odds found at online casinos.
Visiting online casinos does not involve travel expenses or the cost of
unforeseen incidentals. Players also have a much easier time of
switching between online casinos than they would relocating to brick and
mortar casinos along the Las Vegas strip.
Figures at online casinos have increase 15% over a
five year period.