Categorized | Online Gambling

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Is Online Gambling Still in a Rising Trend? Absolutely!

What is online gambling?

Online gambling is a variant of gambling on internet. It is also referred to as e-gambling. It has spread fast among the people for a few years now. People have been indulging in online gambling for entertainment as well as money but the best motivator has always been money. It is the best source of easy money but it brings with itself the risk of loss along with a desire to win, that after all it is all gambling means. Thus, it is highly speculative.

It is easier for people to gamble from their own personal computers or even mobile devices and tablets throughout the world via internet, therefore this easy access of internet gambling has led to a dramatic increase in the number of players worldwide. Legal frameworks have risen to guarantee a fair and secure environment in many countries, especially where governments have seen online gambling as a means to produce jobs like marketing staff, software programmers, etc. and income through taxes. Many websites have been developed offering country targeted reviews, tips and strategies to make the most of your online gambling experience. Whether it is a Swedish or Norwegian webpage, an Italian or French web portal you will easily find a lot of useful information and the best offers and promotions ready available.

What are the variants of online gambling?

Online gambling is legal or is getting regulated in many countries and has a wide strata of people engrossed in it. The numerous choices available for gambling have also given a boost to the online gambling business. These variants include online poker (Omaha, Texas Hold’em poker, Razz, Seven Card Stud, H.O.R.S.E.), which can be played in tournaments or otherwise, traditional casino games like blackjack, roulette, baccarat, and many more, bingo and scratch cards. Nowadays you can play many of these games for free, just for fun, and they will have nothing to envy to those offered by the most prestigious online casinos. Check this fun game for example.

Horse racing betting and sports betting, which are based on the sporting events going on at the particular moment, have probably the maximum number of people indulged in it.

Gambling Rising TrendHow big is the online gambling industry?

Online gambling came into existence in 1996 and has seen a rising trend since its inception. It has grown from a few million euros turnover and 30 sites in 1996 to €6.6 billion in 2003 and €21,7 billion in 2012. According to H2 Gambling Capital this growth will continue at a rate of 30% within the next three years, so this is a market worth €28.24bn by 2015 and offering huge earnings potential to anyone venturing seriously into it.

***** 15 January 2018 update *****
Latest statistics from the Gambling Commission show that Total GGY (Gross Gaming Yield) for the remote sector, in UK only, was £4.74 bn for the period Apr 2016 – Mar 2017, with a 10.1% increase from previous year.

***** 15 January 2019 update *****
Latest statistics from the Gambling Commission show that Total GGY (Gross Gaming Yield) for the remote sector, in UK only, was £5.35 bn for the period Apr 2017 – Mar 2018, with a 12.8% increase from previous year.

One Response to “Is Online Gambling Still in a Rising Trend? Absolutely!”

  1. Matilda Roth says:

    I really do think that online gambling will be still raising, as more online casinos are developing their games to mobile phones. Many changes that we will see is virtual casino and AR, that is driven by advanced technology. This changes has made people enjoying playing casino even more. All the special effects and features make people curious. People think it’s fun playing it and see it as a fun way of earning money!

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