Online casinos keep growing in popularity, so much so that they are estimated to hit $100 billion by 2026. And if they keep up this high compound annual growth rate, they will soon be one of the most lucrative and proliferating industries worldwide. That means anyone who wants to make good money in the future can take advantage of this growth.
While not everyone has the capital to start an online casino, you can always try your luck by playing casino games. They are easy to understand, have good payout rates, and are an excellent way to kill time as you head to work or laze around on a Sunday afternoon. But before you start, it is always good to hear what others say about a casino before entrusting it with your money. Reading reviews like this Bet365 casino review is an excellent place to start so you can understand how to vet casinos before playing with them. And as the saying goes, those who cannot do teach. You can as well blog or vlog about your casino experiences.
That said, why are online casinos becoming such a huge hit?
a. Their Legality Has Increased
A few decades back, most governing authorities would hear none of the talks about online casinos. They did not trust them and did not want to expose their citizens to what they considered risky. But over time, transparency about how online casinos operated increased, and more jurisdictions were willing to allow some operators into their regions. Take the UK as a good example of this. The government heavily involves itself in the licensing and operating of online casinos and has set out stipulations as to what they can and cannot do. It also imposes high taxes to deter more casinos from popping up and spreads awareness about the need to work with licensed casinos.
Some countries have a grey area regarding the legality, allowing online operators to take advantage of the loophole. A good example is India, where the government is not entirely clear about whether online gaming is permitted. That has not stopped Indian gamblers from partaking in the games nor kept online operators at bay. And these grey areas and the legalization of online gaming have enabled online casinos to reach people they otherwise would not have.
What should gamblers look for when choosing a casino based on legality?
- Always play in licensed casinos. These have overseeing authorities that assess their operations to ensure they are within the bounds of the law.
- Continually assess the oversight authority. While a license points to a form of management, the people overseeing the casino may be lax about it. You want to work with casinos whose overseeing authority puts in the work to protect players.
Remember that while you can access online casinos even when online gaming is illegal in your country, that also threatens the privileges accorded to you in case of a dispute.
b. Mobile Gaming Has Spread
Online gaming was mainly tied to desktops in the past, as most casinos were optimized to work on these sites. But with the growth of mobile phone usage, it was only a matter of time before casinos started catering to mobile browsers. Now, more casinos have varied browser options catering to users on desktops, mobile phones, tablets, consoles, and other gaming devices. And this convenience has pushed more people to start gaming because they can access the games at the tap of a button.
Moreover, more casinos have invested in app development for their clients. That allows players to avoid using mobile browsers and instead use an app dedicated to the games. Apps boast the advantages of navigability and immersive gameplay as they don’t have several tabs running simultaneously. It makes the game feel more like an actual casino game, which pushes players to spend more time on the game to the advantage of the casino.
c. Payment Methods Have Evolved
If you had asked someone to play online casino games in the past, they would likely have held back. After all, the primary payment methods were wire transfers and card payments. And these left a paper trail that many people wanted to avoid. In some cases, they were also slow, to the detriment of the players and the casinos.
So, casino operators decided to increase the number of payment options. And they introduced e-wallets and cryptocurrencies, among other ways to effect payments. These were fast, convenient, and allowed players to keep their identities secret. Moreover, it was harder for their banks to keep tabs on what they were doing if the money was not moving directly from the bank to the casinos. This intermediary effect instilled trust in more people who are now willing to game under this shroud of secrecy.
d. They Are More Transparent
Thanks to blockchain and other technologies, casino operators can reveal how their games work to their players. That way, it is easier for a player to decide if they want to engage in a game or not. Besides, they can gauge the RTP from the get-go and don’t need to keep guessing their winning chances. Add the fact that most casinos fall under an oversight authority, and players can remain assured that the games have not been tweaked to offer the house more favor than it should have.
Online casinos have also grown fast because of their generous bonuses, ease of accessibility, game variation, and lower buy-in costs. Since these casinos don’t need to maintain their casinos physically, they spend less on operational costs and thus pass down these benefits to the players.