How big is online gambling?

how big is online gambling

Online gambling is wagering on the outcome of an event or game using the internet. Wagering is done using something of value usually money. The most common forms of gambling are poker, sports betting, lotteries and casino games like blackjack or roulette. Online gambling is faster than regular gambling. This is because there is no interaction between players and dealers.

History

Online gambling started in 1994. The Free Trade passed in 1994 allowed licenses to be granted for online casinos. The first fully functioning software was developed by Microgaming a UK  based Software Company and later secured by the development of cryptologic by Antigua and Barbuda. Multiplayer online gambling was introduced in 1998.

UK National lottery was started in 1994. It is operated by the Camelot group. 70% of UK adults regularly play this. The first international Bingo site went online in 1998.

The growth of online gambling

Online gambling became very popular, and the number of websites rose from 15 in 1996 to 200 in 1997. Statistics show and predict a continuous increase in his form of gambling. It is expected to reach 51.96 billion US $ in 2018 which is more than double the value of 2009. In 2024 it is supposed to arrive 96.89 billion US $. Mobile networking and rapid growth of internet features and apps also contribute to the increase in online gambling.

Europe is the most significant market in the world. More than 80 nations have legalised online gambling. This includes Australia, New Zealand, Denmark, Finland, France and some provinces of Canada. Gambling is illegal in Singapore and China. In the USA only three states permit online gambling. Regarding revenue, Europe holds the leading share in global online gambling. The UK leads closely followed by Malta. Massive restriction in the US is the reason for weak growth there.

The considerable revenue has encouraged other countries to join. Betting in the Asia Pacific is expected to increase.

Money for online gambling is through credit card, electronic cheque and other electronic money services. American banks prohibit the use of credit cards for gambling purposes.

The popularity of online gambling

Online gambling is growing because it is easily accessible. There is no need to travel. There are no restrictions on time, and it can be done alone. Also, there are many kinds of games, and everyone can find something that appeals to their interest. All these factors have ensured that online gambling is here to stay.

Addiction to online gambling

Any form of gambling can lead to addiction.  In online gambling, players lose sight of reality. They are unable to associate abstract numbers on screen with fact. Online losses do not seem to be a real monetary loss. Pathogenic gambling was first recognised as a clinical disorder in 1980.  One in five online gamblers has been found to be pathogenic gamblers.

There are no product safety standards and regulations to follow. Players play at their own risk. It has become an everyday activity for teens and young adults. Are you interested in more topics regarding gambling you can find them at the front page HERE. Thanks for reading and welcome back!

Gambling on the Phone

gamling mobile phone

With the passage of time, mobile gambling has become more popular than ever before. This is because smartphones have gone a long way in bridging the gap which exists between phones and computers. Based on this, experts believed that the future of the gambling industry lay in mobile applications. This would enable customers to log in quickly and play from any location. Gambling on the phone has been reflected in the attitude of gambling companies. This has been made possible with the design of applications to cater for mobile phones.

Benefits of mobile gambling

Mobile gambling has its beneficial aspects which are useful. First, through the use of the phone, you don’t have to visit a casino. This is to say that with your phone, you don’t have to leave your comfort zone. All that is needed is a browsing phone with secure internet connection. This saves you the stress of walking down the road to a casino. Another advantage it has is the fact that you are not limited to playing with just a few people. This implies that you get to meet online players from far and wide. This way, you are not stuck with the same set of people from a particular casino. It promotes networking and socialisation. This way, you learn new tactics of winning from professionals who have been playing for years.

Top Rated Apps For Gambling On Your Mobile

There have been various applications which have been developed over the years for gambling. This has been made accessible to blackberry, Android, and iPhone users. For each website, there is a maximum of twenty slots and about ten table games for each site.

Mobile Poker is one of the widely known top-rated applications for gambling. It has been verified and certified by top gamblers. This has made it one of the most patronised gambling mobile application. This type of poker is different from another known as mobile casinos. This type does not allow for multiple table tournaments either does it allow for seven card stud. Despite the few limitations which were imposed on its users, it still handles Omaha and holds ’em cash games very well.

Mobile sports betting is another. This betting software is unique because of its features which make it stand out from mobile poker. This software functions the way clients that are desktop-based operate. This occurs by gaining access to similar sports betting, and also live to bet.

Statistics of Mobile Gambling

Its statistics has boomed over time, and this is ranging close to the popularity of Android smartphones and iPhones. According to iPoker Network, forty percent of their revenue came from mobile users. iPoker Network is known to be the third largest networking poker industry in the whole world. This shows that there is an ever-increasing population with gambling on the phone. Are you interested in more articles about you can find them on the front page of We Love Gambling.

Gambling on the phone has made players make money in a comfortable and less stressful way. This shows that the beneficial aspects of mobile betting outweigh its disadvantages. Play and start winning.