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What Countries will see the Most Growth in the Gambling Industry in 2023?

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Like any industry, many factors can affect the industry’s growth. Some of these factors include changes in government regulations, economic conditions, and consumer demand. With this in mind, here are our top three countries that we predict will see the most growth in gambling in 2023.

New Zealand 

Gambling in New Zealand is expected to increase significantly in 2023 due to the introduction of several new technologies and gaming trends. This includes online casino NZ, virtual sports betting apps, and mobile gaming platforms.

These advancements have made it easier for people to access gambling services from anywhere in New Zealand, giving them more options and opportunities than ever before. Additionally, the increased accessibility of these services has led to a rise in the number of people taking part in different forms of gambling. This is expected to result in an increase in revenue for New Zealand’s gambling industry as more people are likely to engage in various forms of betting and gaming. Along with this, the introduction of new technology also means that there are more ways for people to stay informed about the different types of gambling available, and this will likely result in more informed decisions being made by those participating.

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As a result, it is expected that New Zealand’s gambling industry will continue to experience growth in 2023 and beyond.

Germany 

It is expected that the German gambling market will experience a significant increase in activity in 2023. This is due to several factors, including the liberalization of sports betting, the adoption of updated gaming regulations, and an overall shift towards digital technologies. With its population of over 82 million people and one of Europe’s largest economies, Germany is an attractive market for gambling companies and operators.

The liberalization of sports betting in Germany is a major contributing factor to the anticipated growth of the industry. In 2020, the German government voted to overturn its long-standing ban on sports betting, making it one of the last countries in Europe to do so. The new law will allow licensed operators to offer sports wagering services across the country, which is expected to lead to increased gambling revenues and further liberalization of the industry in the coming years.

In addition, Germany has adopted updated gaming regulations that make it easier for online operators and providers to enter the market. The new legislation sets out specific requirements for licensing, taxation, and consumer protection that aim to provide a safe and secure gambling environment. This will attract more operators to the market, which should lead to greater competition and better services for players.

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Finally, Germany is experiencing a shift towards digital technologies, with an increasing number of people using smartphones and tablets for activities such as online shopping and banking. This trend is expected to carry over into the gambling industry, with more players turning to mobile and online platforms for their gaming needs. This could help drive the growth of the industry in 2023 as more people move away from traditional land-based casinos and embrace digital solutions.

USA 

The United States is expected to see a significant increase in gambling activity by 2023 due to the legalization of sports betting across the country. The US Supreme Court struck down a federal law that had prohibited most forms of sports betting outside Nevada in 2018, thus allowing states to decide whether or not to offer legal sports betting. As a result, many states have passed legislation to legalize sports betting within their borders, and this is expected to lead to a boom in the gambling industry. New Jersey has the biggest market for legalised gambling in the country as a result of the 2018 decision. Additionally, the proliferation of online casinos and other forms of gambling has made it easier for people to access legal gambling services across the country.

This is predicted to further increase the amount of money spent on gambling activities in the United States, backed up by stats which show that up to 20 million Americans planned to place a bet on this year’s football World cup. With the prevalence of both land-based and online gambling services, it is expected that Americans will be increasingly likely to participate in some form of gambling by 2023.

With this expansion, there are even more opportunities for business growth in the market. Read about how the US market presents lucrative opportunities for operators including global marketing affiliates.

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In 2022, the global gambling market was worth $458.93 billion annually, a growth of nearly 59%. With growth expected in the above and many other countries, we should see this rise significantly again in 2023 and beyond.

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AGCO Removes Cap on Seller Commission for Charitable Lottery Products

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The Alcohol and Gaming Commission of Ontario (AGCO) has updated several lottery policies to remove the cap on seller commission for Paper Raffles and Media Bingo, along with removing the prohibition on Catch the Ace paper lotteries, to align with other charitable lottery products.

Licensed charities may now negotiate commissions directly with sellers and determine commissions, provided they are reasonable and tied to the cost of service provided by the seller.

These updates further the AGCO’s commitment to adopt an outcomes-based regulatory approach and reduce burden for the charitable gaming sector. Local charitable organizations will have greater flexibility to make decisions that best serve their fundraising objectives.

Important Reminders

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• Charities must still receive approval for other expenses incurred under their licence and retain receipts for seller commission paid.

• Licensing authorities will not require documentation to be submitted as part of the application process, however, charities are still subject to audit to determine compliance.

• Charities are reminded of their legal requirement to meet their obligations under the Criminal Code and with respect to conducting and managing a charitable gaming scheme.

• As with all licensed charitable lottery events, charities must take the necessary steps to ensure that they are conducting and managing the lottery event within Ontario.

For charitable gaming-related inquiries, email an AGCO Eligibility Officer at [email protected] or call AGCO Customer Service at 1-800-522-2876, Monday to Friday from 8:30 a.m. to 5 p.m.

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Alon Segev

Segev LLP Celebrates 10 Years of Business-Focused Legal Innovation

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Leading business, technology, finance, and gaming law firm, Segev LLP, is proud to announce its 10th anniversary. Over the past decade, Segev has evolved from a bold idea into a multi-jurisdictional firm serving clients across Canada, the U.S., and beyond.

Built for innovation-driven industries, the firm is widely recognized for its work with companies at the forefront of gaming, crypto, technology, and emerging sectors. “Our 10-year anniversary is a defining moment,” said Founding Partner, Ron Segev. “It’s a testament to the strength of our team and our culture of teamwork, self-improvement, and growthall of which is directed at scoring wins for our great clients.”

As industries like fintech, crypto, iGaming, and AI have matured, so has the firm, often in parallel with its clients. “We’ve all grown together with our clients from one success to the next, whether it be helping clients complete financings or helping them close business,” said Managing Partner Alon Segev. “I look forward to continued growth for us and our clients in the next 10 years!”

The firm’s client-first approach has consistently earned recognition from top legal ranking guides. Segev LLP is ranked by Chambers and Partners as a “Leading Firm” and “Band-1” in Canada for Gaming Law and are also recommended by The Legal 500 and Lexology. These rankings reflect the team’s ability to deliver strategic, high-quality legal solutions that align with their clients’ business goals.

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Recognized for their unique ability to exceed expectations and deliver out-of-the-box solutions, Segev LLP’s clients have affirmed: “The firm demonstrates its capability not only to understand complex matters, but also to offer solutions that are practical, pragmatic, and value-adding.”

“Segev possesses outstanding resources and maintains global partnerships, enabling it to deliver precise and informed responses to any queries related to the iGaming industry.”

“Epic service, very good, I won the case!”

“Great service, friendly atmosphere, and support.”

Several Segev team members also reflected on the milestone: “There was a moment early in my time here when I realized I wasn’t just being brought in to help; I was expected to contribute, take initiative, and run with big ideas. That stuck with me,” said Negin Alavi.

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“Together with our clients, [Segev] has experienced remarkable growth over the past decade. I’m honored to have contributed to this journey and to celebrate these shared successes,” said David McHugh.

Segev has cultivated a thriving law practice on the principle that challenges are to be embraced as opportunities. The approach has enabled us to grow as lawyers, but more importantly, it has enabled us to ensure the success of our clients,” said Mark Balestra.

“Since joining through Segev’s Ontario expansion, I’ve had the chance to work alongside some of the sharpest and most collaborative lawyers in the gaming space,” added Manav Bhargava. “As a full-service firm and industry leader, Segev stands out for its ability to support innovative businesses with practical, forward-thinking legal advice.”

Segev LLP will commemorate the anniversary with a series of internal and external initiatives throughout the remainder of the year.

The post Segev LLP Celebrates 10 Years of Business-Focused Legal Innovation appeared first on Gaming and Gambling Industry in the Americas.

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INCENTIVE GAMES SECURES ONTARIO GAMING LICENSE

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Incentive Games, a leading B2B games provider, is proud to announce that it has been awarded an Ontario Gaming License by the Alcohol and Gaming Commission of Ontario (AGCO), effective today. This achievement enables the company to offer its portfolio of real-money games to licensed operators and players across the province.

The license underscores the Incentive Games’ commitment to meeting the highest standards of compliance, security, and operational excellence. The rigorous application process demands robust security protocols and comprehensive responsible gaming measures and affirms the company’s readiness to enter one of Canada’s most dynamic iGaming markets.

The North American market is a strategic focus for Incentive Games, and this milestone follows closely on the heels of the company receiving its Provisional Michigan gaming licence from the Michigan Gaming Control Board earlier this month.

Incentive Games will distribute its real-money gaming content in Ontario through Incentive Studios, the company’s dedicated Real-Money Gaming division, ensuring a focused and tailored approach to the market.

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“Ontario represents a huge opportunity for us, and securing this license is a proud moment for the whole team,” said John Gordon, Chief Executive Officer at Incentive Games. “It reinforces our dedication to meeting the highest standards while delivering compelling real-money content. We’re looking forward to building strong relationships in the region and continuing our momentum across regulated markets worldwide.”

The post INCENTIVE GAMES SECURES ONTARIO GAMING LICENSE appeared first on Gaming and Gambling Industry in the Americas.

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