The face of industry in Ireland as we know it has undergone a significant makeover in the past decade. While major industries such as pharmaceutical, agriculture, and tourism remain strong contributors to the Irish economy, increasingly quicker technological and software advancements have slowly shifted the economic landscape, with the use of the word ‘digital’ entering more people’s vocabulary. Coupled with the introduction of Artificial Intelligence (AI), a new digitally fuelled economy is starting to set in, with more focus on the impact online businesses are having on society and the Irish economy.
The Rise of Online Casino
One phenomenon in particular that is rising in prominence and emerging as a big player in this “digital economic evolution” is online casino. The digitalised casino action is growing rapidly in popularity in many countries across the world, with countries like United Kingdom, U.S.A, and Australia leading the way with regards to user penetration. However, casino enthusiasts in Ireland are starting to wander through the virtual casino doors with greater regularity due to the advantages of playing on online platforms. Of the €1.15 billion market size that is the Irish gambling industry, an incredible €0.65 billion is generated by online casinos, which is also an indicator of the impact online casinos are having on the digital economy.
Although these figures do not come close to the €12.78 billion generated by the online gambling industry alone in the United Kingdom, with just under half of that value stemming from online casinos, online casino and sports betting providers have been earmarked as a lucrative economic avenue for the future. Considering the size of the country and the population of just over 5 million people (2022), around 500,000 people are forecasted to be online casino players by 2029, with user penetration marked at 8.2% for this year.
Calculated Online Casino Risk
It might be seen as a bit of a risk putting a lot of faith and investment in an unproven industry in Ireland, but judging by the rising figures and revenue racked up by many countries all over the world from various online casino industries, it seems there is high reward in staking a large amount in the online casino industry, for the Irish economy, the people of Ireland and with an eye on the future too.
More jobs created
One of the ultimate advantages for Ireland investing in an online casino future is the number of jobs that would be created due to the increased demand and added competition established by an increasingly popular and lucrative industry. For entrepreneurs or investment parties looking to create platforms like Dolfwin online casino, they would require a talented work force to help them stand out from the crowd. This would involve additional support in aspects like website design, computer programming and coding, game design, and digital marketing, amongst others. All job roles that could boost the online casino product in Ireland and the economy as a result.
Keeping up with the times
While creating more jobs helps enhance the presence of a product or industry, a further venture into the digital realm can also be beneficial for the future of Ireland. Innovation in tech is constantly happening around us, and because of this, there is a greater responsibility to keep up with these trends and movements. Online casinos themselves are already evolving with the times and are incorporating the latest tech innovations onto their platforms, such as cryptocurrency and live dealer productions. By moving with the digital wave and rolling the dice more with the online casino industry, Ireland can inadvertently set itself up for the increasingly digitalised society and promote the digital economy mindset.
