The online gambling industry is one of the most burgeoning industries on the Internet, with the past 2-3 years showing a remarkable upsurge in popularity. While online gambling is not without its critics and many analysts were quick to predict that online gambling was just a passing fad, quite the opposite is true. Online gambling is not only here to stay but the online gambling industry is growing in leaps and bounds as well. Below is a look at some interesting facts about this fast-growing industry.
Online gambling has been in existence for over 10 years. For an industry, this is still quite young so it comes as no surprise that it’s had its share of problems. Many online casinos have sprouted up only to close down after bad business practices. On the other hand, the handful of online gambling sites that were available back in 1994 has since mushroomed into a total of more 3500 today; including online casinos, gambling portals, and poker sites. This number continues to grow despite recent hard-hitting, anti-online gambling legislation in the US.
In contrast to the US, Europe, Asia and the Caribbean have basically embraced the online gambling industry. It’s an extremely popular worldwide activity – so popular, in fact, that some experts believe that it’s only a matter of time before the US caves in and follows the UK’s lead of regulating and licensing online casinos, poker rooms, sports betting sites etc.
Posted on: January 15, 2007