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What is iGaming? A Comprehensive Guide to iGaming

  • Writer: KodeDice
    KodeDice
  • Feb 19
  • 8 min read

Updated: Feb 26

Around 90% of Gen Z and Gen Alpha are gaming enthusiasts. iGaming is a part of their lifestyle and an excellent approach to ease down. This has led the iGaming business into a fast-growing trend in the digital entertainment industry.


By 2029, the number of users in the online gambling market is expected to amount to 291.4 million. Research indicates that online gambling is likely to undergo a CAGR of 5.42% from 2025 to 2029, resulting in a valuation of USD 133 billion.


Excited to explore ‘What is iGaming?’ Dive down to gain a core understanding of the iGaming industry.


What is iGaming?

iGaming, short for ‘online gaming’ or ‘internet gaming’, refers to any form of online gambling.

With broader aspects, iGaming refers to the digital version of gambling activities like online casinos, sports betting, virtual lotteries, fantasy sports, and online bingo. 

In very manual terms, iGaming means any kind of gambling activity that you get involved in over the internet. It’s where people play games of chance or skill on the internet for money.


Evolution of iGaming 

Each field has its history, and iGaming is no exception. The evolution of iGaming during this time period has been achieved through factors like technical advancements, legal support, & progressing consumer trends.

We are presenting to you the most important events that shaped the iGaming industry.



Evolution of iGaming


iGaming Industry Today

iGaming Industry has been growing steadily with the changes in different segments and new trends. 


The emergence of technical advances like Augmented Reality (AR), Virtual Reality (VR) and 5G networks are giving more realistic and engaging experiences for the gamers. Social media has provided the opportunity for gamers to create a personal space for gamers to connect. 


New markets like esports and game streaming have captured the attention and excitement of intact audiences. People of all ages are being attracted with the diversification of gaming content. 


The Forecasted Success of iGaming

The iGaming industry is experiencing rapid growth all around the world with the adoption of new technology and wider regulation. 


Forecasting reveals that user penetration of online gaming will be 6.6% in 2025 and is expected to hit 7.6% by 2029.


iGaming business is expanding to new geographical markets with stringent regulations imposing player protection and responsible gaming practices. More and more, advanced AI algorithms and VR technology are being used to customize iGaming experiences.


Cryptocurrencies and blockchain technology are progressively getting utilized for iGaming transactions. Social media platforms are also playing a significant role to boost affiliate marketing and analyze gamers preferences.


What Has Made iGaming Popular?

A few of the biggest reasons for iGaming to gain popularity are because it’s accessible, entertaining, and can be educational. 


Accessible: 

iGaming is accessible from wherever you are and whenever you want. You can enroll for iGaming with your smartphones, laptops, computers or tablets on varied digital platforms like websites or apps. Some of the iGaming platforms like online casinos and betting platforms are even accessible round the clock i.e. 24/7. 

  

Entertaining: 

iGaming is a profound way to calm your mind and enter into a fictional world. It acts as a stress buster by taking you into a different world. Your worries get fade away for a short span of time with the excitement of clearing each goal. Many igaming platforms are inbuilt with social interaction feature, helping people to reconnect with their friends and share memories.


Educational: 

Players need to analyze the scenario and make a move similar to real world situations. iGaming is educational as it promotes critical thinking, problem solving, teamwork and technical skills. It can also help with language acquisition. iGaming is most likely to develop cognitive skills and enhance decision making of an individual. 


Countries Where iGaming is Legal

The legality of iGaming keeps transforming, and it also differs greatly across countries, based on the country’s laws and regulations. 

Online gambling activities like sports betting, online casinos, poker, and lotteries are each governed diversely across the globe. It’s beneficial to review the specific laws and license obligations in your interested country prior to operation or participation.

Several countries where iGaming is legal for people to enjoy are:



legality of iGaming

Types of iGaming

Players from all over the world have access to a range of entertainment options, tailored to their interests. 5 popular types of iGaming are:


  • Online Casinos 

Online casinos are the core of the iGaming industry. A virtual platform that lets people play games like slots, blackjack, roulette, baccarat, and live dealer games across websites or apps via the internet. Replicate the experience of traditional casinos from anywhere and win real cash prizes. 


Launch your gaming venture with top-tier Online Casino Solutions today!


  • Online Poker 

Online poker is the virtual edition of the classic card game where players come together to compete against each other for a card game across the internet. Join any poker format, like Texas Hold’em or Omaha, with varying rules, and play on tables or tournaments with different stakes. 


  • Online Sports Betting 

Online sports betting is an iGaming platform where people place wagers on varied sports events like football, cricket, horse riding, basketball, and more over the internet. It functions similarly to virtual betting, allowing you to predict and potentially win or lose your money from a global location. 


Boost your betting business with our Online Sportsbook Solutions!

  • Bingo 

Online bingo is a game where players mark off numbers on cards as they emerge, completing a pattern to secure victory. It comes in many different versions to suit different tastes, including 90-ball, 75-ball, and 80-ball bingo. Players can participate in this game from anywhere using computers, smartphones, or tablets. 

  • Lottery 

An online lottery game lets people buy tickets and play through the internet. Online players select their numbers or purchase tickets, and an electronic or live draw determines the results. A wide array of national and international lottery games are incorporated, and some even grant quick choices or automatic number selection. 


How to Start an iGaming Business?

Starting an iGaming business has five main steps to look after. Let’s explore the details for each one of them:


Carrying Out Market Analysis 

First step in developing the iGaming business is to carry out complete market analysis. 


Conduct research on the market that you want to enter. Consider the challenges and opportunities that you will face. Look for the details that you need to keep a keen eye on when making the particular gaming app. 


The next thing to go for are competitors. Which features are they providing? Consider who is the best in your field and point out what you can provide better. 


Look out the legal formalities that your iGaming business needs to comply with. Get everything ready - the documents, license, and legal assistance on hand. 

Plan Out Your iGaming Business  

Once finished with the research, the next step is to plan out the details of your iGaming business.

Prepare the checklist for business ideas, its framework and a unique concept that your iGaming business is likely to offer. What's gonna be your iGaming software - white label or turnkey or sportsbook? What would be your market penetration i.e. local or international?

Decide on the budget of your iGaming business. How much money do you have in hand to spend or how much you can borrow and what would be your profitability. 


Search Out for Right iGaming Software Provider 

Many iGaming software providers are present in the market. Once you have planned the pre-essentials, the next thing you need to do is select the right software provider for your iGaming business. 


The most important points to cover when making this choice are:

  • Years of experience in the iGaming industry.

  • Different kinds of games offered. 

  • Customization services aligned with brand guidelines. 

  • Guidance on acquiring a gaming license.

  • Compatibility featuring several mobile devices.

  • Payment gateway support offered with the platform. 

  • Security measures inbuilt for protection.  |

Design and Develop your iGaming Business Platform

Last pre-launch service is to design and develop your iGaming business platform. 


This step goes with how the look of your iGaming platform would be. A design blueprint is prepared at this point. The layout, theme, background, icons, graphics, images, animation etc. should be designed in a user-friendly interface. 


Once the design is complete, make it go for iGaming software development. 

Persistently Pursue Post-launch Services

Your iGaming business is ready to launch! 

Once the iGaming business pre-launch stuff is complete, now you need to deal with the post-launch services. It’s not the end. You need to continue with strategy implementation regarding maintenance, monitoring, quality verification, marketing and whatnot. 

Don’t want to deal with the headache of evaluating several iGaming service providers? Get in touch with KodeDice, a leading software supplier and aggregator for the iGaming industry. 

Why Choose Us?

  • Experience in iGaming 

Our experience makes us reliable for giving innovative solutions.  


  • Comprehensive Product Suite 

Casino, sportsbook, crypto solutions and fronted design - every tool is in our bucket. 


  • Commitment to Client Success

We are committed to delivering support and guidance to achieve your business goals. 


  • Cutting Edge Technology 

Our team is dedicated to integrating the latest tech advancements into every solution we offer. 


You are Just a Step Away from iGaming 

Numerous factors have opened the gates for the flourishing of the iGaming industry. Important ones are technological advances, 5G networks, social media and expansion in new markets, which made the traditional gaming industry go virtual. The iGaming industry is also moving for further advancements in iGaming technology. It’s important to gamble responsibly and be aware of the legal regulations in your region.

FAQs

How does iGaming work?

iGaming is operated through websites or mobile apps over the internet. Software platforms host a range of games that allow players to engage in varied gaming experiences.


Here’s how you can operate iGaming:

  • Register: Create your account on an iGaming platform. 

  • Deposit Money: Deposit the money through any available payment method. 

  • Select a game: Choose a game of your choice to gamble.

  • Play: Enjoy the experience at the convenience of your home. 

  • Cash-Out: If you strike a win, cash out your win from the payment method.

Is iGaming legal?

The legality of iGaming varies greatly depending on where you live. In some countries and states, iGaming is fully regulated and can operate within a legal framework. In others, it may be prohibited or exist in a gray area. It's essential for players to check the local laws regarding online gambling. Always ensure you are playing on a licensed and regulated platform to avoid potential legal issues. To know more about legal considerations related to iGaming, get in touch with KodeDice. 

Is iGaming the same as online gambling?

A lot of people have this question and the answer is quite subtle. Although both terms ‘iGaming’ and ‘internet gambling’ are frequently used as synonyms, it may not always signify the same thing. 


iGaming is the broader aspect of internet gaming activities, including gambling and gaming for immediate advantages. While online gambling, specifically refers to activities where participants stake money on outcomes. 


In essence, every internet gambling activity qualifies as iGaming but not all iGaming qualifies as online gambling. 

At what age can I go for iGaming?

The age requirements for iGaming vary depending on the country or region you are in. The minimum age to participate is 18 at some places while in some others is 21. 


In the UK, the legal age to participate in iGaming is 18. In the United States, many states allow you to be at least 21 years old while others allow you at the age of 18. 

Are iGaming sites safe? 

Thinking if iGaming sites are safe, you should make sure to keep an eye on few important things:

  • License: Always make sure that iGaming platform has gained a license from a reliable government agency. 

  • Encryption: Search for iGaming platforms that use SSL encryption. So your banking information stays private and safe. 

  • Reviews: Check out the reviews and thoughts of existing users. Go for a good reviews site. 

  • Customer Service: Solid customer support system is a good sign of reliable iGaming platforms.


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