Due to the increasing demand for online gaming and technology advancements like Virtual reality and augmented reality that can offer an immersive gaming experience, more and more new players have started trying their luck in Online Casinos. One of the primary growth drivers of online casino industry is better gaming infrastructure along with free plays and lucrative bonuses offered by the online casinos to attract newbies. Based on the available data, the online casino industry is envisaged to post a Compound Annual Growth Rate ( CAGR ) of 10.81% for the years 2016-2020. Many new players prefer to enjoy playing casino games in the comfort of their home rather than travelling to a land-based Casino. There is a rapid growth in the use of mobile devices like smartphone and tablets for online gaming purposes. Based on the statistics report from Research and Markets, Online gambling market was worth $35.96 billion in 2014 and is forecasted to grow up to $66.59 billion by 2020. The Online gaming industry has been enjoying a rampant growth in recent years.
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