The growth in online gambling is largely due to its increased consumer appeal. While government regulations have historically been unfavourable to the gaming industry, there have recently been changes to promote growth and competition amongst operators. The result is a more competitive market, which is beneficial to consumers and businesses. The growth of online gambling is expected to continue for several more years with companies mitigating risk by using KYC software available from a site like https://www.w2globaldata.com/regulatory-compliance-solutions-and-software/know-your-customer/
While the growth of online gaming has continued to increase since its inception, it has seen an exponential increase in the past several years. From 2009 to 2013, the internet gambling market grew at an average of 9.4 percent. This increase is associated with an increased population of women and older people who enjoy online gambling.
The United Kingdom is a prime example of a country that embraces online gambling. The government there was one of the first governments to recognise the benefits of this new industry. In recent years, the online casino industry has generated billions in revenue. With this rapid growth, it is no surprise that the gambling industry will continue to expand.
Advertising for online gambling is increasing, and the use of social media platforms such as Twitter is increasing. Some regard online gambling advertising on social media as “controversial” because it can be viewed by children. In fact, an industry expert pointed out that advertising is a problem that online bookmakers need to be aware of. It is also important to recognise the potential impact of online gambling on children and problem gamblers.
