What is the future for online gambling industry?
Modern age brings rapid development of all technologies, and the things which seemed to be fantastic a couple of decades back, are now normally used in daily lives of a casual person. Now that Internet is in every house uniting the citizens of our planet in a single organism, many of our daily activities, including gambling, are a lot more easy to be implemented through it.
Today we are going to talk about the development of online gambling industry, which gave a great push to a whole new online casino market.
The first online casinos started operating in 1994, when the first gambling institution in the web has been created. Within just two years the number of such projects registered online has increased to 15, and at the same time the first licenses for online gambling activities have been issued. Followed by the first online bookmaker company, an understanding of high perspectives of the market have crossed the minds of businessmen, and this is the time when active growth and development of online gambling activities has started.
New trends in online gambling activities
In a while, online gambling institutions started using a progressive jackpot, with a help of which the popularity of gambling houses started increasing more and more – a certain percent of the lost money has started to file up in the prize fund, which could be won by any gambler! Potential high revenues excited the gamblers even more, creating a perfect advertising to those who like gambling all over the world.
Due to high competition in the segment, online gambling market started developing at a very high speed, and the possible prized to be won have started growing up higher and higher, thus, nowadays the record revenues have grown up drastically, and prize funds worth millions of dollars are not a surprise anymore.
The issues of security and state regulation
Of course, any new segment of a market faces problems with state regulations when it’s launched, and such state base did not exist at the start.. The clients could only hope that the operators who handle their money are going to be responsible.
Nowadays there is a universal organization responsible for development of unified gambling standards, certification of online casinos and protection of the interests of those who gamble online. The initiative of launching the company is a serious push for many manufacturing companies, which were bothered with developing high quality software and comfortable work with their products. There is a limited list of the high rated auditors of gambling business on the planet.
The first problems started when some of the leading countries, such as US realized that a huge sum of money is spent by their citizens for online gambling activities overseas. George Bush was strict with his decision, and gambling activities were forbidden by the state according to the law. The democratic forces tried to influence on this law in some way, and only now certain progresses in legalization of online gambling in the US are observed.
Now there is more than a dozen of thousands of online gambling institutions worldwide. The variety of the proposed games is a few times higher than the list of the available games in regular casinos. Besides, in many online casinos there is a section of playing with live dealers, where you can play multiple games with a real dealer.
Many countries still have a ban for gambling online, but in political circles this topic is widely discussed for legalization of this business is very profitable. We are sure that the number of countries where this type of leisure is fully legalized will grow, and that state control will limit it within certain limits, which will secure gamblers, who will be happy to dip into their famous activity.