The rise of online gambling in the past years

The rise of online gambling in the past years

Online gambling is the most profitable thing that came with technological advancements and the internet. Online gambling has always been checkered but has transcended everything to become the number one virtual in virtual technology. The growth of the online gambling industry is set to keep rising.

When did Online Gambling begin?

Initial online gambling sites were made live in the mid-’90s though they were not as advanced as our current sites. Antigua and Barbuda were the first beneficiaries of online gambling due to their Free Trade and Processing Act. Around the same time, micro gaming, the industry’s most significant software provider, was coming into prominence. Microgaming revolutionized all the internet games as today it supports all online gaming from pokers to live casinos.

Why are Online Casinos on the Rise?

The online casino industry is a multi-billion-dollar industry presently valued at $59 billion and is expected to rise to $93 billion by 2023. Recently, the global pandemic has assisted online gambling to go a notch higher. Due to fear of contracting the virus and both WHO and government directives, people have opted to play their games online from live casinos. However, there exists no discrepancy between the traditional brick-and-mortar casinos and the live casinos.

Discussed below are the reasons why online betting has become popular in the recent past.

Technological advancements

Almost everyone in America owns a smartphone and working internet connection. Having a smartphone was not very available some few years ago. Any gambler can gamble from anywhere provided they have an internet connection. Individuals are not required to move from the comfort of their homes to access gambling sites. They can participate in all the online games and still engage with friends without leaving their homes.

Sports betting is getting popular.

Sports betting is proliferating in the US. It has been recorded that in the USA, 80% of all bets are placed online. With such vast numbers of people preferring to bet online, the traditional casinos are becoming redundant. Additionally, states that had not allowed online gambling continue to legalize it, making it accessible to more people.

Safety of Online gambling

While online gambling sites were starting up, some people were scammed due to a lack of privacy of information. Currently, advancements in technology have ensured tall gambling sites are secure. In addition, rules and regulations employed by the betting companies, such as background checks for their employees, have proven helpful. The rules and regulations have ensured high security to gamblers as they can deposit money with no fear of being scammed.

Bonuses

Online gambling sites (such as pocket fruity) are known to proffer free bonuses for their clients to play with. Though the rewards do not last long, it is a motivator because gamblers can play from different sites with the tips. In addition, the bonuses sometimes are given after the deposit of a certain amount of money, which keeps the betters motivated.

Author: Alyssa Oliver