Nowadays, anybody who has access to the internet can play any games with real money. Online gambling has simply become extremely popular and it is mainly because of how convenient it is to play any game at any time. Based on statistics, there are already around 1.6 billion people worldwide who gambled online. In 2019, the online gambling market has reached a value of 55 billion US dollars with a CAGR of 16.5 percent. Experts predict that by 2027, its value will be worth over 120 billion US dollars.
This online activity has been around for a while now. Casinos went online in the 90s. The very first real money game on the internet was said to be by Microgaming in 1994. However, it was in 1996 when the first casino site operated with an integrated online payment system.
Fast forward to today and all casino sites have their own integrated online payment solutions. As a gambler, you also have plenty of options when it comes to online casino sites. Your favorite traditional online casino games now also come in different varieties. It is also common that you can also place bets on sports on these casino sites.
Now, when it comes to how people gamble online, one way seems to be becoming the more popular option for many. Mobile gambling has been steadily rising in the last few years that many would say that it is the future of the industry. Because of its popularity, cricket betting apps and many casinos can now be downloaded for gamblers on the go. As long as they can connect to the internet, they can place their bets anywhere they are.
The first mobile device that can be connected to the internet was released in 1996 as well. However, that device wasn’t powerful enough for people to use for web browsing or gaming.
It was only in the late 2000s when mobile devices can finally be used for those activities. Since then, gaming and gambling companies have not turned their backs on mobile gaming. Many of them see that mobile is the future of gaming and gambling and this is why they are now focusing on developing their own mobile casino apps.
Major gambling companies have native apps available for their customers. However, most of these apps can only be downloaded from the official casino site. Google PlayStore and Apple App Store are still strict when it comes to promoting gambling and so, you can only mostly see free to play gambling games on these platforms.
Many would worry about the hassle of being able to deposit to their gambling account back then. However, this is no longer a problem nowadays. Online casinos have a lot to offer when it comes to payment solutions. This is the same for other industries that require online transactions. People can easily use their credit and debit cards online. Aside from that, people can also use digital wallets like PayPal, Neteller, and Skrill. These are platforms that allow users to be extra protected when making transactions online as users can directly file disputes with them.
Recently, the use of cryptocurrencies like Bitcoin, Ethereum, Litecoin, and many more is also becoming popular. This is especially now that the value of Bitcoin has once again peaked. A Bitcoin is now valued at over 22,000 US dollars and many are saying that it could still increase in the next few months.
It’s also not just because of its value as to why people are now interested in using cryptos in different ways including online gambling. Many gamblers prefer this option because of how convenient it is to use and how private it could be. When transacting with cryptos, you no longer need to use any personal and banking information. You just need a wallet address and you’re good to go. It’s unavoidable that there are still people who are iffy about making transactions online. For these people, online casinos can still cater to them by allowing them to make a deposit over the phone or counters of their partner stores. Just expect that offline transactions could take longer to process.
Another reason why people are hesitant about gambling online back then was because of security. Well, we still can’t say that transacting online is risk-free. However, cybersecurity is now much better than how it was back then. Security software is now used by operators to protect your information.
It is typical for a casino site to be encrypted. This means that all transactions you do on their site are on an end-to-end basis. No one else will get to access your details. You can also use different tools to protect yourself. You can use VPN and password managers to make sure your accounts online are safe. Many gamblers would use VPN for privacy. Many would still prefer to hide their gambling activities and this is why encrypted networks are useful for this.
Online casinos are also vigilant about the safety of the players and minors. Anyone under respective legal ages in different countries is still not allowed to gamble online. This is why you’ll find that many casino sites will require you to submit a photo or a copy of an ID to verify their customer’s age. In some countries like the UK where gambling is popular, online gambling companies are required to do thorough verification to make sure that no minor gets to gamble online. The UK Gambling Commission also prohibits the advertisements of any gambling activities on Television during times when minors are likely tuned in.
Overall, technology has really played an important role in making gambling more accessible. The industry also keeps on getting better because of different technological advancements. The casino and tech industries are closely working together to cater to the market. Since tech has also made online gambling more secure, people are becoming more confident and comfortable about playing real money games online. We can only expect that more people will hop into gambling on the internet as it keeps getting better.