While online casinos seem to be popping up more and more, there doesn’t seem to be any signs of the market becoming over-saturated here in the UK anytime soon. Instead, the future is looking quite bright for online casinos that are enjoying strong numbers and plenty of interest as of late. In fact, recent stats show that these online casinos are responsible for one third of all the UK gambling takings.
Recent Study Shows Strong Interest in Online Gambling
So just how popular is online gambling and casinos here in the UK? Well thanks to a recent study by the U.K. Gambling Commission, it was shown that a whooping one third of all gambling dollars here in the UK comes from these online casinos. During a 12 month period, which spanned from April 2015 to March 2016, there was £4.5 billion generated. That’s certainly an amount worth taking notice of.
Looking at the stats further, it also shows that there has been an increase of over 20% from the previous year in terms of how much gamblers are losing. Of course, this is more good news for the online casinos.
While online casinos seem to be the hot trend here in the UK, other markets aren’t quite as robust. Take for example the U.S. online casino sector, which has reported weaker growth.
Crackdown on Illegal Sites
With this growth and interest in online casinos, there has been a need for a crackdown on the illegal gambling sites. Players are encouraged to look for UK casino sites licensed for responsible UK players in order to find the fairest play.
Where is the Trend Heading?
As people look to the stats to try to figure out where this trend is heading, there are some pretty strong numbers being thrown around. It is being estimated that by the end of 2017 online casinos and gambling will generate about USD$100 billion. Looking ahead to 2018, it is expected that up to 164 million people will be using online casinos from around the world.
Of course, there are a number of factors in play that are helping to drive this trend forward. Online casinos offer fun and entertainment, obviously, but there is that convenience factor that the traditional casino just can’t offer. Just about everyone has a smart device nowadays, making it possible to connect to these online casinos anytime, and from any place. The traditional casinos just can’t compete with the convenience of online casinos.
Technology is also helping the trend, as developers are working hard to offer new and exciting experiences that rival some of the top video games out there.
Plenty to Come
Now seems to be the perfect time to take part in this trend and see what the fuss is all about. The graphics, player experience, and pay-outs have never been better, nor has the sheer convenience it offers. Just be sure to stick to legal sites that are licensed and respected.