New online casinos in the US and UK market

The online gaming industry started with humble beginnings just over two decades ago, when the first Bingo site, Bingo Blitz, and the first online Poker site, Planet Poker, went online in 1998, but since then it has gone from strength to strength. Online Gaming is now one of the fastest growing markets in the world with thousands of people logging in everyday to get involved via their phones, laptops and tablets.

The Growth of US and UK Casinos

Figures in 2010 revealed that revenue from online gaming made around 29.3 Billion, over double it had generated five years prior. In the UK alone, the figonline-casinosure for online gaming was pegged in 2012 at 2.28 Billions, which was over a billion more than in 2008. However, these figures are now over half a decade old, and these have increased immensely in this time. As of 2015, it is more around 7.3 Billion in the UK, and if we look across the Atlantic to the US, the online casinos revenue is expected to  reach $100 Billion by the end of 2017. In short, the financial growth for these companies is huge.

This is due to the vast amount of people that want to play increasing, as people just don’t seem to be able to get enough of online gaming. Between 2010-2014, the amount of people logging in the UK to play was 17.10 million, fast forward 4 years and this has increased by over 3 Million people to 20.82, this figure has no doubt increased already in the UK already. When we look at the global figures, it is expected to increase to a mind boggling 164 Million players by 2018!

With such a want for their services it no surprise that new casinos are opening and new casino games being developed on a daily basis. In 2015, there was an estimated 3,766 online Casinos available. However, with over 60 already opening its doors to new players in 2017 alone, and many other planned to open in the near future or already in the final stages of development, it means that this figure could easily be pushing towards the 5000 mark by the end of this year!

Why has this happened?

But why such a rapid increase occurred? The reasons are very simple. First and foremost, a relaxation of gambling laws both in the UK and USA meant that for Casinos, both online and traditional,  it is now much quicker and easier to emit people. However, this does not account for such a massive surge in the casinos of the interactive variety. The reason for this increase lays with the advancement of technology. Not only is it much much more cost efficient to open a online casino opposed to building a real one, but it is also so much simpler for the player to log on to their phone, have a fritter and win some cash from the comfort of  their own home.

Gone are the days of needing to travel to a casino or a bookmaker, as you can get all the same services plus many more betting options and games to play online. If we discuss slots and tables games for example, an online casino can offer countless versions of your favorite slots or table games, that real-life casinos simply don’t have the space nor the employees to make available. Not only this, but with their live streaming services you also don’t even have to lose any of that live dealer action or sensation of playing against other players that you may have missed in your tables games. You can log in and play against a live dealer 24 hours a day at your own convenience, or if you prefer, cut out other players all together, or choose to play against an automated dealer, so it is just your own personal game, the choice with online gaming is completely yours. Effectively, online casinos have made the need to go to a bricks and mortar version effectively virtually non-existent. The variety of options vary even more if we discuss in-play sport betting, where you can now alter your bet depending on the in-play score or even cash out early, something impossible before the birth of online casinos.

The fact is that with online casinos the options to play are so much more that it is no longer a rigid industry where the casino holds all the cards, you are now free to play or not play in anyway you want! In the fast moving time we live now, Online Casino’s have adjusted its business model far more efficiently than any other classic business model has done. Hence, this why it has advanced so far ahead in recent years and is now so popular with the modern day man.

Get involved!

The Online Gaming industry is now one of the biggest in the world, and certainly the most fast growing. With so much more variety for the players, it means competition is heating up and so promotions, services and most importantly, ways to play are now at the optimum level. In such a competitive atmosphere as this, there has really been no better time to get involved in online gaming and join the movement! However, with so much variety it is not always the easiest thing to separate the wheat from the chaff when it comes to choosing an online casino, so check out our reviews page to help find out the best option for you!

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