Mongolia is one of the world’s most unique gambling markets that are constantly developing. Thus, the country’s government has made it easier to obtain gambling licenses for a number of regions with the aim of expanding gambling opportunities in Mongolia. However, there are still some gambling limitations, especially when it comes to online gambling. Nevertheless, with such a turbulent gambling landscape, there are still ways for legal operators to have a good run. In this post, we’ll take a look at the market’s future prospects as things stand right now and where you’ll be able to get the best odds, so read on to find out more.
Online Gambling Market Developments in Mongolia
As one of the world’s most remote places, Mongolia’s online gambling market is one of the least developed in the world. There are, however, a couple of online operators that are currently open in the country, which operate via a third-party affiliate network and are operated from countries including Ireland, Panama, and the Isle of Man. Thus, gamblers have some Mongolia online casinos to choose from. And this is where Casinority Mongolia comes in handy; the online casino review site provides gamblers with the most comprehensive and up-to-date information about online gambling operators, thus, helping them to make the right choice.
It may seem that no bright future will come for the gambling market in Mongolia any time soon. In fact, it is not so, and here are the three reasons to believe in the market:
#1 – The Mongolian Government Is Going for a Monopoly License
The Mongolian government’s decision in 2017 to only allow one online sportsbook operator to be open in the country means that operators that wish to offer gambling services will have to apply to another operator to be licensed. The monopoly license will allow the incumbent company to use its license in all of Mongolia and will be granted for three years. That means that a new operator wishing to gain a license will need to beat out at least one other license holder. At the time of writing, it remains unclear how that will play out, but it looks like the good figures are going to be pretty spot on. Mongolia’s online gambling market is only expected to be worth $15.9 million.
#2 – People Are Still Gambling in Mongolia
One of the biggest stories to come out of Mongolia in the past couple of years has been the prevalence of online poker rooms, which means that players in Mongolia are still making a good living online. It’s possible to make more than $100,000 a month playing online poker, and we’ve heard of players making $600,000 monthly for a very long time.
Although the country’s online poker market has had its share of problems over the years; it’s still going pretty well as a whole. There have been reports of online poker rooms using bots to manipulate the online games, and the Mongolian government has made several efforts to tackle illegal activity, including introducing a law in 2017 that would fine individuals who were using bot software and offering free online gambling in an effort to stop players from continuing to play if they lose.
#3 – Mongolia Is Well Connected to Other Markets
We’ve seen the Internet grow in an incredibly powerful way in the past couple of years, and that’s especially the case in Mongolia. The internet has been growing at an incredible rate, going from about 100,000 users in 2011 to 2.01 million users in 2021. Given that Mongolia’s capital Ulaanbaatar is one of the fastest-growing cities in the world, the country’s Internet connection speed is no doubt going to keep growing. And this will definitely positively impact the online gambling market in Mongolia. The country’s population will get stable access to all the best online casino sites like this offer and will be able to play their favorite slots with best slot strategies.
Prospects of Gambling in Mongolia
With the above in mind, we can safely predict the bright future of the gambling market in Mongolia. The country’s government is now aware of the financial benefits that this industry can bring to the state’s treasury. The only thing missing is to decide on smart limitations that will safeguard local gamblers from cheating and gambling addiction. But they are definitely on a way to solving that.