What is the general flow of online gambling in 2022?　

Online casinos are the next big thing in gambling.

Since the advent of online casinos, their size, revenue and popularity have continued to grow and now account for a significant portion of the revenue generated from gambling.

As more and more people become accustomed to online gambling and become more accepted in more countries, so do their game choices.

There are a limited number of high-demand options that are legal, but there is sports betting.

Currently, most countries do not allow sports betting or allow it under very specific restrictions.

The introduction of sports betting in online casinos will not only further revitalize the already economically prosperous industry, but will also provide options for those who are currently enjoying sports betting illegally.

Should more countries offer sports betting with less restrictions?
Should sports betting be incorporated into online casinos?

To answer these questions, you first need to look across the online gambling industry and evaluate the countries where online gambling is thriving.

By doing so, you can determine if sports betting is beneficial to these countries and people.

Industry as a whole

As mentioned earlier, the online casino industry is booming.
People all over the world can play casino games.

For many, they no longer have to go to a land-based casino to experience the casino, and most are now able to relax and play at home.

This is especially useful for people who live in countries where gambling is not legal.

The accessibility provided by online casinos also benefits those who have difficulty moving to countries or states where gambling is legal.

Currently, the online gambling market is US $ 460 billion and is projected to reach US $ 2024 billion by 940.

This has more than doubled in just five years.It turns out that consumers are quite interested in online games.

In addition to people playing on their home PCs, the vast majority of online gambling is done on mobile devices.

Some people want this kind of entertainment to become a part of their lives and keep it in their pockets for availability at all times.

61% of online casino revenue comes from online betting, 72% of which comes from mobile devices.This is a pretty big pie.

Now that the success of online casinos has been proven, the momentum is unstoppable.

Sports betting is one form that many want to legalize, but government agencies and professional sports leagues tend to oppose this trend.

To better understand the industry and determine if it's worth the effort to legalize sports betting, let's take a look at some countries that are well-suited to online gaming.

We will look at how to interact with online casinos and whether the public is interested in the spread of sports betting.

British online casino market

Britain was a pioneer in online gambling.

These countries were quick to allow and quickly showed consumer interest.

In 2015, it was reported that online gambling accounted for one-third of all gambling in the UK.

Interest in online casinos and the resulting revenue continues to grow. From 2016 to 2017, revenue increased by almost 10%.

In 2018, the British Gambling Commission reported that online game revenue reached £ 56 billion.

This striking number accounted for the largest portion of total game revenue (38.8%), an increase of 2.9% from the previous year's report.

The world's first sports betting exchange was born in the United Kingdom.

These countries have the longest-established sportsbooks in the world and, of course, are ready to place bets online.Participants set their stakes in the betting pool instead of fixed odds.

British citizens can legally bet on sporting events as long as the betting online casino is properly licensed by the UK Gaming Commission.

A law requiring online casinos to obtain licenses was passed in 2014.

From 2014 to 2015, 162 new online casinos were newly licensed in response to this mandate.

Due to the popularity of online gambling (especially sports betting) in the UK, online casinos were willing to license if they were accessible to British citizens.

At the same time that the licensing system was introduced, Congress imposed a 15% tax on overseas sports booking sites.

This additional tax doesn't seem to lift the mood of gamblers much.

Even with these regulations, sports betting from the UK is still popular.
The most popular sports to bet on are soccer (soccer in the United States), tennis, and horse racing.

Soccer (football) alone earns nearly £ 4m.Overall, sports betting revenue accounts for almost half of online casino revenue.Last year, the British Gambling Commission reported that total betting reached £ 5000 billion.

There are hundreds of sites available to UK players, but these are some of the busiest sites. Land-based casinos like William Hill and Ladbrokes have also created online platforms for betting.

In the UK, there are strict regulations on online casinos and sports betting.
Some operators and gamers may find this stuffy.

But thanks to that, the UK has become one of the most secure and secure online gaming platforms in the world.

Online casino market in the U.S.

When it comes to legal online gambling in the United States, it gets a little confusing.

However, because the federal government allows online gambling laws in each state, online casinos can only open in the precincts of some states.

You can now legally operate online casino websites in Nevada, Delaware, Pennsylvania, and New Jersey.

Many other states are in the process of legalization or have confirmed the success or failure of online gambling in states that are currently legal before enacting their own legislation on this matter.

The valuation of the online gambling market in 2021 will reach US $ 723 billion and is expected to almost double by 2027 to US $ 1,314 billion.

As online gambling grows and succeeds, more state governments are likely to allow the creation of online gambling sites in that state.

Sports betting is a completely different issue.

In the United States, only certain bets are allowed in certain places.

Like the whole online gambling, the United States is tentative and restrictive.

Eight out of ten Americans support legal sports betting in their state, but only the following states allow sports betting betting:Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Louisiana, Michigan, New Hampshire, New York, Oregon, Pennsylvania, Tennessee, Virginia, West Virginia, Wyoming.

Currently, the American Gaming Association estimates that Americans are betting $ 1500 billion illegally each year.

In addition, the United States limits sports betting and prohibits betting on a single game.
This is the only one allowed in Nevada.

Many professional sports leagues and associations support this regulation to protect players from intentionally throwing games to influence the outcome of their bets.

The Professional Amateur Sports Protection Act (PAPSA), which banned sports betting nationwide, was abolished in 2018, allowing states to enact their own sports betting legislation, both online and offline. I did.

Since then, many state-friendly apps have been developed that allow sports betting online and on mobile.

However, they use their mobile phone location to determine if they are in a state that legally allows online betting on sporting events.

Canadian online casino market

As in the United States, companies cannot be based in online casinos in Canada, but Canadians can play in overseas online casinos.

The exception is indigenous reserve lands.

Although these lands are Canadian territories, they can control themselves and steal the law on where online casinos are based.

Income from gambling by Canadian citizens continues to grow year by year.Popular games include classics like roulette, baccarat, blackjack, poker, slots and more.

Sports betting is also very popular in Canada, especially the National Hockey League.

Due to restricted law, sports betting is only permitted in the form of parlay bets or accumulator bets.

An accumulator bet is when a bet is placed on at least three things.All three bets must be successful in order for the player to win.

For example, a bettor can choose the outcome of three matches. If even one match is wrong, you won't win the bet.

In this format, the odds of winning are much lower, but the rewards for winning are usually much higher.

Accumulator bets are popular in both the United States and Canada because they help keep professional games consistent.

Players and coaches are less likely to cheat or affect the outcome of the game.

This may change quickly as Canada strives to maintain relationships with its competitors when it comes to online gambling.
As of August 2021, 8, Canada has legalized single-event sports betting after years of lobbying for Bill C-27.

The United States currently has the exclusive right to offer single event sports betting in some locations, including Las Vegas.

Because of this exclusivity, 90% of sports betting in Nevada is for single events.

In fact, illegal single-event sports betting is estimated to generate $ 1 million in revenue. In 1,000, the illegal sports betting market is expected to shrink significantly as a result of last year's legislative changes.

There is certainly demand.If Canada wants to keep up with gambling legislation, it needs to consider changes more seriously.

In recent years, Macau has the highest annual revenue from casino games, overwhelming Las Vegas.

The extreme success of land-based casinos in Macau and other parts of Southeast Asia encourages keeping online gambling illegal in many areas.

Even in countries where online gambling is legal, such as Malaysia, there are places where we are not fighting to protect our players from fraud and fraud.If the gambler borrows money or is deceived by the prize money, the Malaysian government will not go into arbitration for them.

Despite the less favorable online gambling laws, the online gambling market is still large.
For example, the Philippines is beginning to encourage its people to online gambling.

However, the Chinese government is blocking this by saying it will target Chinese customers.It is estimated that the Chinese people are already spending hundreds of millions of yuan on gambling every year.And as of November 2021, China has cracked down on illegal gambling.

In response to the criticism from the Chinese government, the Philippines has stopped accepting applications for new online game businesses.

Similarly, Cambodia has stopped issuing new licenses for its country-based online gambling platform and will not renew it if its current license expires.

In these countries, governments continue to crack down on online gambling, but citizens are still attracted to online gambling.

It's easy to access and available 24 hours a day, making it very convenient for people all over Southeast Asia to play.

The situation of sports betting in Southeast Asia reflects restrictive legislation in online gambling.Even if sports betting is legal, there are situations where single event sports betting is not allowed.

One example of the desire for single-event sports betting is the previous World Cup tournament.

Sports betting is legal in Hong Kong.Taxes from legal sports betting make up 5% of the city's budget, so the amount spent on illegal gambling is the money they lose.

As expected, the income from illegal betting far exceeds the income from legal ones.

Southeast Asian countries need to consider whether the money spent on illegal gambling is worth it.If demand is so high, it may be time to amend the law to allow such betting.

Australian online casino market

The Australian online casino market has been growing in recent years.According to a recent 2021 survey, about 17.5% of Australians gamble online.

Australia's gambling law, like the other countries covered in this article, is opaque.

While it is illegal for unlicensed online casinos to offer games to Australians, it is legal for Australians to play online games at foreign-based casinos.

Sports betting in Australia is very popular, but not always legal.Many online bettors may not have reached the legal age when betting on a sporting event for the first time.

On average, people who participate in online sports betting use four different online betting platforms and bet on about six sporting events a year.

Popular sports include the Australian Football League (AFL) events, horse racing, soccer, and NBA basketball.

Currently, about half of all stakes are made online.

Sports betting in Australia has become more and more popular over the last two decades.

It is the only form of gambling with an increasing number of participants in recent years.

It is expected to become even more popular in the future as it is available to more people.

Summary!

Regardless of the legality of online gambling and sports betting around the world, it is clear that citizens of these countries want more freedom in gambling.

Many governments are aware of this and seem to be beginning to respond to this trend now.

In the future, as online gambling becomes more widespread, more options will be created.

Online gambling and sports betting will be offered in more places and with less restrictions.

If the government accepts this form and begins to tax it, sports betting could be a major source of income for the country.

the end