In case you didn’t know, the UK is a pretty big contender in the online gambling industry. In fact, it’s so big that between 2013 and 2014 it grossed over £7.1 billion (and that’s without the National Lottery!). This demonstrates how the UK has set the world standard for the online gambling industry and how it contributes to the world economy, and (more importantly) how it benefits players in the long run.
The Global Increase
With the general rise of igambling in the global market in the past two years, it’s little wonder why the UK has prospered. Since 2004 and the increase online poker, the very idea of gambling was changed and digitizing it was only inevitable. The anonymity, the privacy and convenience of it meant players could gamble without judgement.
The UK seized this initiative by introducing the Gambling Act 2005 which allowed online operators more space for advertising and (naturally) attracting more players. Because of this, the market has been allowed to thrive to the point where igambling in Britain is almost a national past-time. This also means we have first-hand dealings with more game-changing ideas than any other country in the world.
First mobile gambling, now virtual reality gambling, it’s exciting where things could go next for us.
A Tighter Hold
There’s another reason why we stand out from the rest of the world — our stuffy bureaucracy! In 2014, the UK Gambling Commission (UKGC) made it compulsory that all online operators (whether they are from the UK or not) to trade using a license distributed in the country. This came after years where loopholes were found in licensing through Gibraltar and other areas. Now all casinos need this UK gambling license or else they go down.
All joking aside, this may sound like an unnecessary piece of legislation however it has been responsible for the surge in the industry. Not only has it created a platform for quality software developers like Microgaming to try out new things but it makes online gambling just that much safer. We may cultivate a culture of “health and safety” but that cautious attitude makes for some great output.
We cannot wait to see what other new things players can try in the years to come. Will Britain keep its position at the top of the food chain? If we carry on doing what we’ve been doing, yes. Yes, we will.