The pandemic has wreaked havoc on the economy and job market in 2020. But not all sectors are negatively affected by lockdowns and social distancing. If the fortunes of Amazon are anything to go by, online is booming during COVID.
And iGaming is one of the most exciting new sectors in the online economy. It is also a bit like the icebergs – in that despite being incredibly vast, a lot of it floats beneath the surface of popular perception.
What is iGaming and why it matters in 2020
If you don’t yet have a clear idea of what exactly iGaming is, fret not – it is just an umbrella term for all the activities involved in online gambling casinos, online sports betting, poker rooms, and more. iGaming is a nice, professional-sounding umbrella term for online gambling.
While gambling itself is highly restricted or outright banned in parts of the world, iGaming is a fully legit and respectable industry. It is based in countries which have excellent laws that regulate betting and gambling.
iGaming matters in 2020 purely because of its present size and potential for future growth. It is estimated to be worth around $60 billion across the globe in 2020. And better still, the industry is expected to grow at a breakneck pace over the next 5 years, with an expected CAGR of 16.5%.
What are the career prospects in iGaming in 2020?
Thanks to their sponsorship deals and ad spots, sports betting brands like Paddy Power, William Hill, 888, and Mansion are the iGaming brands you might have seen before. But they represent just one aspect of the industry.
Apart from betting on sports, iGaming involves thousands of online casinos, dozens of software providers and game developers like NetEnt, Playtech, and Microgaming, affiliate marketing, backend service providers, payment systems, and more.
This is a vast and complex industry with many verticals inhabited by dozens of companies, large and small. And they all have myriad staff requirements of their own. To give you a quick grasp of the career landscape in iGaming, here is a quick look at some of the popular hires in the industry in recent years:
- Mobile developers
- SEO and Social Media specialists
- IT and Database Administrators
- Designers and copywriters
- Marketing and media managers
As you can see, there are plenty of opportunities in iGaming for job-seekers coming from diverse backgrounds and specializations.
Is experience a key factor for a start in iGaming?
iGaming is an incredibly young industry which only started taking off in the last decade or so. Think about it – the internet has been around since the 1970s, but it only went mainstream after the 2000s. Likewise, the oldest companies that started in iGaming are barely 20-25 years old in 2020.
As a result, this industry is way more forgiving than many others when it comes to experience. While always useful to have on your resume, industry experience is not a requisite for securing a job in iGaming. This is applicable across companies and sub-sectors – from game providers to sports betting sites, online casinos, and marketing networks.
Zoe Walker from CasinosCA suggests: “Remember, an online casino is like all businesses. They require the basics such as accounting and human resources. If you are qualified for a traditional business you’re probably qualified for an online casino job. ”
Best iGaming career hotspots around the globe
One of the best things about the iGaming industry is its truly cosmopolitan nature. It is quite normal for the bigger companies to have offices in Vegas, London, Stockholm, Eastern Europe, India, and South-East Asia. Even the smaller firms often have branches in various industry hotspots (regulated jurisdictions) like Malta, Curaçao, Gibraltar, etc.
If you like the idea of being a globetrotting career, iGaming might be the best option for you. Just remember though – given the COVID restrictions, even iGaming has opted for remote work in a big way. So keep your expectations of jet setting on hold until a vaccine removes the pandemic threat!
Still, looking purely at current growth estimates, there is no doubt that North America is an exciting place to be in. The last two years has seen frenetic growth thanks to the legalization of online sports betting in the United States. Asia, and particularly the Chinese and Southeast Asian markets are also promising regions.
Europe is the current industry centre for iGaming however, thanks to a long-established regulatory system. Both EU nations and the UK have legalized betting and gambling markets. As a more mature and well-developed part of the industry, this is the region where they have career opportunities for more experienced hands.
Where to start looking for iGaming jobs?
When it comes to HR and recruiting, iGaming is no different from any other industry out there. You can find listings of available jobs at many online platforms. LinkedIn is always a great place to find professionals and leaders from the industry and build networks.
You could also head to the bigger company websites to see if they are hiring. If you are a fresher or student, an internship would be an excellent way to gain some industry experience. If you already have experience in your relevant field, check out online job portals. There are plenty of those out there, including Indeed, Glassdoor, Job.com, and more.
The key takeaway from all this is quite simple – if you want a challenging yet highly rewarding career in an exciting new industry, iGaming is always worth a shot. And the best part is that you don’t need industry experience most of the time, except for key senior positions.