Casino City's iGaming Pocket Directory - 2022 Edition

The international online bingo market continues to evolve. Per studies by Data Bridge Market Research, the online bingo market is poised to hit an estimated value of $128.3 million by 2028 with a CAGR of 11.2% between 2021-2028. Playing online bingo is appealing to many demographics, with all generations enjoying the prevalent social element and the ease of play through smart devices. This was increasingly important when the COVID-19 pandemic closed many physical bingo halls. According to the U.K. Gambling Commission, GGY for non-remote bingo decreased by 14.7% from £674.3 million to £575 million between periods April 2018-March 2019 and April 2019-March 2020. But remote bingo GGY had a sizeable gain of 5.8%, going from £178.7 million to £189.1 million between periods April 2019-March 2020 and April 2020-March 2021. Meanwhile, the number of bingo licenses granted by the UKGC decreased from 16 (-9.2%) from March 2020 to March 2021. Online bingo, much like online poker, must deal with the regulatory impact of ring-fenced player pools. While this limits the liquidity of its prize pools, it assists in fostering the social element. Players will be from the same countries or regions as a result, leaving fewer communicative or cultural boundaries in lobbies. It’s this social element that has helped bingo operators navigate economic downturns and new regulations within each country with relative ease compared to online poker. Online bingo players often find themselves interacting with presenters, players and themes that reflect their own experiences. Bingo Industry Overview 9 Sponsored by Visit iGamingPocketDirectory.com for more information. BINGO

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