Gambling activities can be traced in as early as the 17th century in Italy. The first-known casino was established in Venice, Italy in the year 1638 and it was called Ridotto. It was in the 19th century, however, when many casinos started to pop out in Europe.
Since then, many online casinos have appeared online, and currently, gamblers have thousands of online casino sites to choose from. With that, it can be a bit overwhelming to choose the best casinos online and this is why sites like internationalbetting.net are useful to help you know which ones are the best and hottest online casinos at the moment.
Definitely, many have changed since these eras and gambling came to the internet in the 90s. It is known that the first online place that opened to the public was for the Liechtenstein International Lottery in 1994. In 1996 came InterCasino where people can then play traditional casino games online.
In 2018, the gambling industry’s market value reached almost 500 billion US dollars. This industry now has a compound annual growth rate or CAGR of 4.1 percent and this is still expected to grow. By 2022, it is expected that the global gambling revenue will have a CAGR of 5.9 percent and will be worth over 560 billion US dollars.
This industry has been thriving well since it existed. More and more countries are becoming more accepting of this activity. For example, the US is now more welcoming of gambling activities like Sports Betting as it now has over 20 states with legal sports betting operations.
The growth of the gambling industry is also evident in the stock market. Recently, the
London Stock Exchange reported growth in the internet gambling sector of New Jersey. According to its release, the internet gambling sector in New Jersey reached a peak of 64.8 million US dollars in March alone. Compared to how it did in March last year, it rose 65.6 percent.
Now, when it comes to what really helped this industry make it to where it is now, technology and the internet should be thanked for. Many people now prefer gambling online, be it online casino gaming or placing sports bets. This is mainly because it is convenient and gambling has been made easier to access because of mobile technology.
William Hill is one of the most popular sports betting sites right now and this bookie has been around since 1934. It did great as a land-based bookie and when the digital era kicked in, the company also thrived well. In fact, this bookie now also offers casino games to its players and has evolved a lot since it was founded.
Even despite a pandemic, the industry still thrived. This is even if many land-based casinos and bookies worldwide were forced to temporarily close their doors to ensure everyone’s safety. Mainly, this is because of the online sector. As people remained home for self-isolation and quarantine, they have to find ways to entertain themselves and online gaming has always been a great form of entertainment.
Many online casino operators reported a spike in registration since March. This could be because sports betting took quite a hit as many major sports events had to be postponed or canceled. However, since march, sports leagues like the German Bundesliga and the English Premier League have returned.
The UK Gambling Commission has recently reported that the sports betting sector is now starting to recover thanks to the return of sports. Anyhow, even before the pandemic, the online gambling sector has been rapidly growing and we can expect that it will still continue to grow in the next few years.
Thanks to technology gambling have been made easier. It’s so easy to make a deposit to your gambling account nowadays. There are many payment options available out there. You can easily use your credit or debit card and even digital wallets and cryptocurrencies. While many are still hesitant about transacting with money online, it is generally safe now. Online gambling operators make it a point that they use safe platforms to process transactions. As long as an operator is licensed, you shouldn’t have much to worry about.
It’s also hard to get bored from gambling online as there are so many games that you can play. You can still play the traditional casino games, but casino software providers are now becoming innovative and are coming up with different varieties of your favorite games.
Definitely, the gambling industry has changed since it started and we can only expect better things to come as technology keeps on advancing. The demands of people just keep on changing and software developers and gambling operators are always doing their best to keep up.