Gambling is a very old activity and one that has existed in almost every culture all over the world. At present, it is a highly regulated activity that brings in a lot of revenues to many jurisdictions. The industry has evolved very much over the years, but it has seen massive changes over the past two decades. The internet has enabled gambling to reach individual gamblers instead of the other way round, and this has helped it expand at a tremendously fast pace. These days, gambling online is possible on mobile phones too.
Gambling Online – The New Way of Life
The gaming industry is almost unrecognizable today thanks to its adoption of various new technologies. However, it is online gambling that has experienced the maximum changes, and that too over a short period of a couple of decades. It has opened up vast new markets and also uses cutting edge technology in order to ensure a satisfactory and safe gaming experience.
Players these days can use the internet to try out almost every type of casino game without having to leave the comfort of their homes. They can also access these games using any device of their choice, including most smartphones and tablets.
High Quality of Games Available When Gambling Online
The quality of games available on gaming sites has also improved tremendously over the past decade or so. In fact, even regular games these days have 3D or HD environments ensuring that they are highly immersive and exciting. These games load very quickly even on small devices and they play without interruption.
The image of gambling has taken a turn for the better as well. There was a time when gambling was considered a vice, and this was because it was closely associated with the world of crime. These days, however, the industry is highly regulated. It is also very visible thanks to large advertising campaigns. As a result, people these days think of it as another form of entertainment where they can win a bit of money.
The Online Gambling Industry
The online gambling industry has also been very prompt at adopting new technologies to suit its purposes. Live Casino is a relatively recent feature added to the gambling sites. Through it players can enjoy live streaming of games from casino tables. When combined with the fast developing field of Virtual Reality, this can give players a very realistic and immersive gaming experience.
The EU is the largest online gambling market as of now and is worth €10 billion approximately. The United States and China also have the potential to be huge markets. But they have placed heavy restrictions on gambling online. In fact, online gambling is available, with many restrictions on what can be played, at very few states in the US.
A few states in the US are seriously considering legalising this industry. This will give their residents the opportunity to play in a regulated environment. There is a great deal of tax money to be earned from this industry as well. However, it remains to be seen whether pro online gambling bills in some of these states can get the support they require to become laws.
Gambling Online to Rise in 2017
People living in areas that don’t have legal online gambling nevertheless visit offshore sites. This represents a major loss in revenues to governments. Overall, the gambling industry is expected to continue growing at double-digit figures in 2017 and even after that. There is a great deal of space to grow in the industry. This is because operators don’t require a physical location to offer their gambling services from. This is, therefore, a very good industry to invest in. At least for the next five years or so since rapid growth is assured.