The regulations for online gambling within the Spanish territory were approved in 2012 and, since then, our country has benefited economically from the rapidly growing industry of casinos and sports betting houses. Technological advances are strongly linked to this growth and, in today's context, the Internet is the engine that drives the reactivation of the economy. In 2019 alone, the gaming industry grew by almost 10 percent compared to previous years and it is estimated that this growth will be even greater by the end of 2021The sector accounts for almost 1 percent of the country's gross domestic product, generating almost 90,000 jobs. It was precisely its sustained development that led to the regulation of online gambling for a more convenient organization for all parties involved. Thus, Spanish companies, government and players benefit from a regulated online gaming industry.
The technology behind the growthThetechnological advances make possible the sustained growth of the gaming industry.
This is because they expand the variety of gaming alternatives and maintain public interest. The development of mobile apps, sound effects and animation of games such as slots and the incorporation of artificial intelligence to improve the user experience contribute to the innovations presented by the industry. One of the latest trends is the ability to play in front of the screen with a croupier who operates the tables as if it were a traditional casino. The Leovegas Live Casino is an example of how far the industry has come in recent times and the technology has also contributed to creating a secure environment within the casino platform or the sports book. Innovations such as blockchain, SSL certificates and web security scanners optimize the security of the platform and ensure that the information shared there is protected.
In addition, the incorporation of various payment methods, such as virtual wallets and crypto-currencies, add more security to the transactions made within the platforms and offer more alternatives for users to approach the online casino.
Socialization within the platformsThepandemic has paralyzed the social activities of the population. Fortunately, the Internet provides a variety of alternatives to traditional activities. Thus, those who attended the traditional casino find in its virtual version the opportunity to comply with the protocols established by the government and safeguard their health. In addition, the live casino rooms allow interaction with other people and the croupier who operates the table banishing the idea of the online casino as a solitary activity. Consequently, the possibility of sharing the game with other people brings users closer to online platforms, contributing to the growth of the industry.
The growth of the gaming industry in Spain was accelerated by the pandemic, but the truth is that it already maintained a stable development since the regulation of online gambling in 2012In 2019 alone, growth represented almost 10 percent and this percentage is predicted to be even higher by the end of this year. Technological advances and the socialization that platforms allow are the factors that have contributed most to the industry's growth; in turn, this growth promotes the development and reactivation of the Spanish economic sector.