Online gambling. Love it or hate it, the industry has grown into a business behemoth worth almost $40 billion. Whether you do it for fun or want to make it a full time job, there is no shortage of places where you can bet small or big bucks. The internet is buzzing with online casinos where you can go big or go broke.
The world of online gambling today is as pervasive as the internet itself. Playing casino games, like online blackjack for example, is as natural for a lot of people as logging into Facebook or posting a snap. The world moved online and so did the gambling industry. Whether you are in the Australia or in South Africa, gambling online is now a click away thanks to the Internet.
Before hopping onto a gambling spree, you might want to take a minute and check if it is legal to gamble in an online casino. Reading the terms and conditions of the gambling site beforehand is necessary so that you are complying with all rules and laws. Also, checking if your country prohibits online gambling or not is primordial. Ensure that the gambling site is licensed to operate and that you are following all regulations and laws that govern online gambling in your country. Better be safe than sorry!
Here are a few things you should know about online gambling!
1. The one who started it all
InterCasino was the first online gambling site, opening shop in 1996. At the time, it launched with eighteen games only!
2. It’s a boy’s thing
Studies showed that young men are the most likely to engage in online gambling
The first online bingo internet site started in 1998, the same year the first online poker site went live
4. Are you one of them?
Pathological gambling is a clinical disorder
5. Australia please
Australians are the biggest online gamblers, with an average spend of $1,200 per adult each year.
6. It’s a US thing too
Studies showed that 85% of American adults have gambled at one point in their lives, with 80% having done so in the past year alone
7. Worth Billions
Online gambling company Paddy Power Betfair PLC is the most valuable online gambling venture, with an estimated worth of close to $12 Billion
8. A land of gamblers
The biggest markets for online gambling are the US, followed by China, Japan, Italy then the UK.
9. Start your own
Starting an online gambling site is no easy task, but it’s not impossible. Here is how you can start your own gambling site.