Online gambling has been around since the mid-1990s. Since players can access gambling sites and platforms via the internet it has become a popular form of enjoyment. Does not matter if you are in the office or on a bus, you can always place a bet and win a large sum of money. Smartphone apps have made it easier to access online gambling sites from anywhere and place a bet at a convenient time.
The industry is growing rapidly
Online gambling is still a young industry and is continuing to grow at a phenomenal rate. Statistics from the UK where online gambling is legal has shown that young people aged 25-34 accounted for the largest increase in online betting last year. Gambling through Smartphone app has increased rapidly in the last two years and the industry is now worth a massive £84 billion. It is a lucrative business generating huge amounts of profit.
Forms of online gambling
There are several forms of online gambling such as online poker, online casinos providing slot machines and blackjack among other games, sports betting on the result of a football or basketball match, online bingo and of course the old favorite horse racing.
In a way, online lotteries are also a form of online gambling offering quick returns on a small amount of investment.
Is online gambling legal?
Online gambling began from Antigua and Barbados. Many of the largest companies have their headquarters there.
In several European countries, online gambling is fully legal. These countries have provided licenses to online gambling sites and have a system of taxes on winnings. These countries include the UK, France, Italy, Spain, Denmark, Germany and, Australia.
In USA online gambling is on the whole banned but one can play in New Jersey and Nevada.
Conclusion – it is the future of gambling
In coming years online gambling will continue to grow exponentially with the use of Smartphone spreads. Users should be careful to use genuine websites for their online gambling such as baccarat.
