Last updated: October 06, 2023
After a super successful 2021, the outlook for online gambling is looking to repeat itself in 2022.
Gambling.com Group announced that, based on its year-end 2021 results, it’s expecting a 90% revenue increase in North America in 2022.
After a tough offline pandemic, this only goes to show that online gaming was a fun distraction during the pandemic, as more and more players flocked to online gambling sites, as well as played more.
It could also be a natural increase due to the new partnerships and regulations that passed in 2021: the expansion of North America’s online sports bettering regulations definitely had a part to play.
In real terms, this projected growth could amount to up to $42 million, which is a massive increase compared to 2020’s $28 million.
CEO of Gambling.com, Charles Gillespie, had this to say about his company’s impressive projections: “[2022] is off to an incredibly strong start. It is great to see our investments at the end of 2021 start to pay off and help drive strong growth, despite a particularly challenging comparable period in the first quarter of 2021 coinciding with Covid-19 related measures.”
These positive numbers also tell a story: one has to take into consideration that Gambling.com Group acquired RotoWire.com, with the purchase completed on 1st January 2022. Gambling.com Group’s general revenue is estimated to be around $76 million annually.
Of course, it remains to be seen whether this solid projected growth continues to trend upwards once the world comes to terms and learns to live with the effects of the pandemic, but for now, 2022 is looking strong for the online gaming industry.
Marilyn Chavez is an associate researcher at the Missouri University of Science and Technology, where she studied the mathematical probabilities and aspects of casino games like slot machines. She’s written several case studies which have been published by multiple problem-gaming institutions to help spread awareness about the dangers of online gambling and gambling addiction. She also presented a 2019 Ted talk on the topic of gambling among minors.
