Online Gambling: A Global Phenomenon

Online gambling has displayed quite fascinating trends in its growth. The growth in online gambling is not only for culturally rich areas, but throughout the universe. Areas without a culture of gambling have shown incredible growth rates. Currently, nearly 51 % of the world population is involved in a certain form of gambling. Due to the increase in players, the gambling industry has also been growing and currently players are only expecting high quality and professional experience from any form of gambling. This is being catered for by new systems which are regularly updated and maintained.

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Main Players

Online Gambling

Gambling is mainly composed of three main players: the gambling vendors, software vendors and the end customers. A growth in any gambling involves growth in all the three players. The annual growth of the gambling industry from 2003 is about 23%, though this has some variation, but averagely it is the specific number. Some games which have been popular over a long period of time and are still popular include: slots and poker blackjack. This though does not mean that these are the games dominating the gambling market. There are a number of factors which have contributed to the growth of online gambling on a worldwide scale. This includes: New players, new markets and also internet expansions.

New players

New players are continuously engaging in online gambling. These players are more diverse from the traditional conception of an idea gambler: men aged 25-35.This field is experiencing increase of women gamblers who were traditionally not known for any form of gambling. The explanation is that most women don’t like visiting a casino due to a variety of reasons, but with the onset of online gambling, most of them are taking this opportunity and engaging in different gambling. A research carried out by Bullhound found that women engaging in online gambling had grown to 43% of the total population. This was in 2009. Currently the number of women playing the game is much higher and some analysts predict that more women are engaging in online gambling than men. Women have a preference for Bingo and they generally play for a longer duration staking small stakes. This is a complete opposite to what men do. They play on a frequent basis over short sessions while staking higher stakes. Women particularly love gambling because it helps them relax while men love it for the excitement aspects associated with it. Surveys have shown that the growth of women players is not restricted to particular parts of the earth, though some areas receive higher growth compared to others.

Internet Expansion

The internet has been continuously expanding. Internet has reached areas where it was not available and the ability to access the internet by use of different devices has come in very handy. Some areas with no land based casinos have produced great online players. The lack of land based casinos is slowly being replaced with the ability to play online. Playing online is also cheaper and this has inclined people to engage in online gaming. There are no extra hustle e.g. transportation cost and also hotel bills. Currently the internet is very cheap and this has boasted the number of people playing the game. Internet speeds have been increasing at a steady rate throughout the decade. With a 3G connection, you will definitely enjoy any gambling activity. In the present moment there is 4G connection which has made online gambling to include live dealers making the experience more real.

Change in regulations

Traditionally, people were afraid of gambling due to lack of regulations in the gambling industry which could easily result in you losing your money. Currently there are a number of bodies which are mandated to regulate gambling activities. This is either online or land based gambling. This has led to many people engaging in gambling since they are sure there is a body where they can report any shortcomings and receive any relevant help. Governments have become strict regarding how casinos are operated and this includes any form of online gambling.

Europe’s online gambling industry is the quickest growing market. This is particularly due to favorable policies being made. The second is North America which is closely followed by Asia and the Middle East. Areas like Africa are having high growth rates of about 92.3%. These growth rates are expected to continue with this trend.

Main Players

Online Gambling

Gambling is mainly composed of three main players: the gambling vendors, software vendors and the end customers. A growth in any gambling involves growth in all the three players. The annual growth of the gambling industry from 2003 is about 23%, though this has some variation, but averagely it is the specific number. Some games which have been popular over a long period of time and are still popular include: slots and poker blackjack. This though does not mean that these are the games dominating the gambling market. There are a number of factors which have contributed to the growth of online gambling on a worldwide scale. This includes: New players, new markets and also internet expansions.

New players

New players are continuously engaging in online gambling. These players are more diverse from the traditional conception of an idea gambler: men aged 25-35.This field is experiencing increase of women gamblers who were traditionally not known for any form of gambling. The explanation is that most women don’t like visiting a casino due to a variety of reasons, but with the onset of online gambling, most of them are taking this opportunity and engaging in different gambling. A research carried out by Bullhound found that women engaging in online gambling had grown to 43% of the total population. This was in 2009. Currently the number of women playing the game is much higher and some analysts predict that more women are engaging in online gambling than men. Women have a preference for Bingo and they generally play for a longer duration staking small stakes. This is a complete opposite to what men do. They play on a frequent basis over short sessions while staking higher stakes. Women particularly love gambling because it helps them relax while men love it for the excitement aspects associated with it. Surveys have shown that the growth of women players is not restricted to particular parts of the earth, though some areas receive higher growth compared to others.

Internet Expansion

The internet has been continuously expanding. Internet has reached areas where it was not available and the ability to access the internet by use of different devices has come in very handy. Some areas with no land based casinos have produced great online players. The lack of land based casinos is slowly being replaced with the ability to play online. Playing online is also cheaper and this has inclined people to engage in online gaming. There are no extra hustle e.g. transportation cost and also hotel bills. Currently the internet is very cheap and this has boasted the number of people playing the game. Internet speeds have been increasing at a steady rate throughout the decade. With a 3G connection, you will definitely enjoy any gambling activity. In the present moment there is 4G connection which has made online gambling to include live dealers making the experience more real.

Change in regulations

Traditionally, people were afraid of gambling due to lack of regulations in the gambling industry which could easily result in you losing your money. Currently there are a number of bodies which are mandated to regulate gambling activities. This is either online or land based gambling. This has led to many people engaging in gambling since they are sure there is a body where they can report any shortcomings and receive any relevant help. Governments have become strict regarding how casinos are operated and this includes any form of online gambling.

Europe’s online gambling industry is the quickest growing market. This is particularly due to favorable policies being made. The second is North America which is closely followed by Asia and the Middle East. Areas like Africa are having high growth rates of about 92.3%. These growth rates are expected to continue with this trend.