Growing Gambling Market
The Japanese online gambling market is not generating small change from a financial perspective. Revenue projections for this year are $5.49 billion. Expectations are for the market to experience a 7.31% annual growth over the next four years, culminating in a revenue of $7.28 billion by 2027, a year when the number of online gamblers should reach 11 million.
Most of the betting action, to be more precise, 40%, is geared towards sports wagers. his share includes esports bets. Casino games contribute 30% of the pie. Other gambling activities take up the remaining 20%.
The easing of regulations contributes to the uptake of gambling activities in Japan. However, the crucial factor for the market growth is the appeal of online sports betting and online casino games. Japan's openness towards technological advancements, especially mobile accessibility, are an additional catalyst propelling the development.
Cryptocurrencies are expected to play a larger role in online gambling since Japan is at the forefront of blockchain technology innovation. The government supports blockchain projects such as non-fungible tokens (NFTs) and decentralized autonomous organizations (DAOs) to revitalize the economy.
Roobet Fuels Gaming Enthusiasts Passions
Roobet launched in 2019 and holds a Curacao license. It's one of the pioneering crypto-gambling platforms. The casino section offers over 3,000 games from renowned developers, while its sportsbook offers comprehensive coverage of popular sports betting markets. This operator is an official partner of the UFC and has been endorsed by celebrities such as hip-hop star Snoop Dogg.
The platform is making forays into the web3 arena and is working on transforming the future of iGaming by promoting cryptocurrency applications and supporting a creator community. The expansion into the Japanese market is another leap forward for Roobet, an operator committed to its gaming community via different initiatives and contests, rewarding players worldwide.