The UK is leading the way in the online gambling industry.
The online gambling industry is big business, and one place where this is flourishing is right here in the United Kingdom.
Across the entire world, the U.K. is considered the number one market for gambling and sports betting with a valuation of 14.22bn in gross gambling yield. Their long history in the industry has allowed them to grow the largest and most experienced online casinos and bookies in the business.
From the entire U.K. gambling industry, online gambling represents the majority, taking up 39.9% of the overall market. Looking even further into the statistics, online casino games (with slot games the number one) are bringing in the most money, £3.2bn (March 2020), followed by sports betting with £2.3bn (comprising mostly football and horse racing).
As with the rest of the world, much of the gambling industry is seeing decreasing growth in physical gambling sectors, the U.K. is no exception. With decreases here and substantial increases in online gambling, the future of the industry as a whole has shifted more towards the online sphere. Players can now access their favourite casino games on site like winkslots casino games, a site that offers a variety of games to their players.
What is the appeal of online casinos?
As explained, online casino games are some of the most popular gambling avenues for all those looking to test their luck and win big. Online casino games range from slot machines to bingo, and online poker.
Many industries around the world have transitioned their services online in recent decades, and gambling is a prime example. Although the physical casinos may see their revenues decrease, what we’re seeing is that the industry has grown to a completely new level of size and revenue than seen previously.
The advantages of doing anything online compared to doing it physically can be for things such as ease-of-access and convenience. These are perfect explanations as to why online casinos are greatly out-muscling land-based casinos.
For newcomers to the slots, for example, gambling in person can be a daunting experience. The internet provides an easy way to learn, practice, and get started whenever you want, plus there’s much less pressure when staring into the eyes of the dealer or experienced players watching over your shoulder.
Casino visits are often planned for special occasions for many and are not necessarily visited in a casual manner. When the casinos are online, however, all the player needs is an internet connection and a device to play on, it’s as simple as that.
Another major aspect that entices players to play online casino games is the vast amount of free spins and bonuses that can be won. Sometimes, all you need to do is open an account, this is something that is hard to replicate in land-based casinos.
There are a variety of different casino games to play, from slot machines, roulette, blackjack and poker. One of the draws to gambling is the chance to win the jackpot, and this comes in several different forms such as fixed and progressive jackpots (the jackpot increases, the more players there are until someone wins).
Of all the casino games, slot machines are arguably the most popular. These games also come in a range of forms such as megaways, daily jackpots, and jackpots, along with hundreds of different themes.
These themes are iconic to the gambling industry, and some of the most famous ones are the fruit themes, Egyptian themes, and those based on movies. Some examples of these are Money Grows on Trees, Mysteries of Egypt, and Thor’s Vengeance.
Following on from the fact that convenience and ease-of-access play a big role in the rise of online casinos, perhaps the most significant factor is a result of mobile gaming.
Whether or not a gamer is at home, on the go, or wherever, they are able to pass the time and play directly from their mobile phone. Mobile gaming is surging rapidly and is a key reason why online gambling has been able to reach the kind of revenue numbers that it has.
Online casinos enter a new era of growth
To put it simply, the boom in the gambling industry, particularly in the U.K. is down to the incredible increase in revenues and popularity for online casinos.
In the U.K., online casino games are the go-to destination for players all across the country, opposed to physical land-based casinos. Looking at the two side by side in terms of growth, if this were a graph, the arrow would be pointing down for land-based casinos and pointing very steeply up for online casinos.
Online casinos have a superior advantage on so many fronts. From the ease-of-access and convenience to the ability to develop a ton of new games and themes.
Leading the pack when it comes to online casinos is clearly the slot games bringing in a total of £3.2bn from Apr 2019 to March 2020 in the U.K. alone. Out of all the games, even compared to sports betting, this can be one of the easiest to play and has the biggest potential player market.
With more and more innovation and investment inevitable, there will be a lot of eyes on what will happen to non-remote parts of gambling but also how far the online gambling sector can grow the industry. It’s safe to say though, online casinos are responsible for the boom in online gambling as a whole.
