Success OF Online Casino and the Reality of It

The online casino industry is a fast-growing market and with the introduction of interactive technology it has created a new genre of gambling. This industry has grown and will continue to do so because it appeals to people in their own homes, which makes it more convenient for them. Online casinos have managed to break down the traditional walls that come with brick and mortar casinos, which results in them competing with bigger industries such as the lottery, lotteries, and horse racing.

History

The gambling industry has evolved rapidly over the years in that it has moved from brick and mortar casinos to online casinos. Before the introduction of internet technology, people had to go out of their homes to gamble because there was not an online casino available like ole777 pantip. The first online casino appeared in 1994 when it was launched by Interactive Gaming Council (IGC). This made other software companies such as Party Gaming and 888 place a bid for this business opportunity with the latter winning. The online casino industry grew rapidly and it became a major revenue earner for the software companies because these companies were making millions of dollars by taking a commission from its players. This was further enhanced by the fact that online casinos used to offer bonus bonuses and special offers to get more customers.

Gambling Industry’s Growth

The popularity of gambling has been on the rise due to its ability to make people rich quickly. Statistics show that gambling has become a popular activity among Americans with over 44 million Americans being involved in some form of gambling activities. Out of this figure, around 70% are involved in offline casinos while the remaining 30% are involved in online casino activities. This is a considerable change considering that the number of offline gamblers was 99 million only a few years ago.

Popularity and Growth of Online Casinos

The popularity of online casinos has resulted in many players making this option their gambling facility of choice, especially in countries where it is legal to gamble online such as the EU and UK. An online casino has its own set of rules that are different from those in offline casinos and this makes it more appealing to players who do not want to follow the rules that are applicable to offline casinos. For example, an online casino will not have a dress code while an offline casino would require customers to dress nicely so as not to offend other customers who may be affluent.