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The global online gambling software market size was USD 66.72 billion in 2020. The global impact of COVID-19 has been unprecedented and staggering, with online gambling witnessing a positive demand shock across all regions amid the pandemic. Based on our analysis, the market exhibited a significant growth of 11.2% in 2021. The market is projected to grow from USD 74.17 billion in 2021 to USD 158.20 billion in 2028 at a CAGR of 11.4% in the 2021-2028 period. The steady rise in CAGR is attributable to this market’s demand and growth returning to pre-pandemic levels once the pandemic is over.

The comfort of remote payments creates vast opportunities for online gamblers to promote and drive cash flow in the business. For instance, Visa Inc. and MasterCard are offering secured debit and credit payment options for online casino accounts. Similarly, companies such as PayPal and Neteller are offering E-wallet services for online gambling. Moreover, Neteller also provides transactions in 26 currencies without applying transaction fees. Thus, the availability of secure digital payment platforms is expected to fuel the demand for virtual gambling.

An annual report published last week by the General Assembly’s fiscal forecasting arm laid out the state’s record nearly $2.1 billion in revenues, nearly half of which was earmarked for infrastructure projects, while most of the remainder went to education.

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As Las Vegas rapidly evolved in the following decades, including a building boom of Strip megaresorts in the 1990s, the Tropicana also underwent major changes. Two hotel towers were added in later years. In 1979, the casino’s beloved $1 million green-and-amber stained glass ceiling was installed above the casino floor.

The casinos are anticipated to showcase rapid growth during the forecast period owing to the multi-layer taxation environment in the casino business. In addition, the increasing fashion for remote gambling is expected to drive online betting demand.

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