The online gaming industry has continued to grow at a rapid pace during the last 6 years as the opening up of Asian markets, the popularity of mobile apps and the development of new games have fuelled a great growth opportunity in the online gaming market.M88 is one of the most popular online gaming websites in the world and has a vast collection of online games such as online pokies, online slots and video poker.
According to Statista, the global online gaming market generated around $24.73 billion in 2009 and has continued to grow at an average of 10 percent each year after that. The global online gaming market generated $41.36 billion in 2015 and is estimated to generate around $45.86 billion in 2016. Analysts believe that the market will generate around $56.06 billion by the end of 2018.
One of the main reasons for the growth in the online gaming industry is due to a massive growth of gaming in the Asian continent. Chinese gamers have created a huge demand in the industry for both mobile games and desktop games and online gaming providers are happy to cater to this lucrative market.
Some of the top grossing mobile games in revenue during 2016 are Monster Strike, Clash Royale, Clash of Clans and Game of War: Fire Age; while the top grossing PC games in revenue are Overwatch, DOOM, Counter-Strike: Global Offensive and Dark Souls III.
Some of the top free to play games in 2016 include League of Legends, Crossfire, Dungeon Fighter Online and World of Tanks; while popular social media games include Slotomania, Double Down Casino, Candy Crush Saga and FarmVille 2.
While online casino games have been around for a number of years, there are a number of new gaming niches that are growing in popularity in all parts of the world. eSports and Daily Fantasy Sports (DFS)have been responsible for creating a new market segment, especially amongst millennials who have preferred to play these new games instead of traditional online games.
However the Daily Fantasy Sports industry has run into legal trouble in the United States as lawmakers in New York, Nevada and several other states have stated that these DFS games are similar to online gambling and must be regulated. A number of state governments are now working on legislation to approve DFS games and the eventual legalization of the DFS industry will further contribute to the growth and popularity of this new niche of online games.