Online gambling is a digital-analog of traditional real casino resorts. Thanks to the high availability of the internet, today’s gamers can comfortably play and place bets in various games and multiple locations.
Currently, the world’s market for online gambling is US$66.7 billion. It is predicted to grow exponentially and hit the point of US$127.3 billion in the next seven years, showing an increase of almost 11.5% annually. The growing interest in online betting and the adoption of the free-to-play (F2P) model for online gambling services are among the key factors fueling industry maturity.
Why Gambling Gains Popularity
Fast distribution of mobile devices and accessibility of online casinos are currently driving the online gambling business. In addition, increasing internet coverage and affordable betting applications are creating a favorable environment where online gambling can thrive.
The US gaming association AGA states that in 2018 almost 3000 websites were active online and provided multiple gambling activities such as bingo, virtual poker, and lotteries.
The spread of pandemic has also augmented the online gambling market. Moreover, the advanced security measures for processing electronic payments, the rise of electronic currencies and online platforms for betting and gambling are propelling the segment growth.
The recent report by GlobeNewswire highlights the following factors pushing the online gambling forward:
- Providers can collaborate with individual customers directly and deliver their gambling services for real money, engaging new users.
- The growth of desktop gambling users increases as it’s more convenient for players to download the casinos.
- Different third-party agencies with ad servers are employed to advertise online gambling platforms.
- Britain has legalized online gambling but set out strict government regulations. The UK is believed to rule the market during 2020-2027.
- The most rapidly developing is Asia Pacific. The key reasons are the legality of online gambling, a large share of young people among the population, and the increasing number of mobile devices.
How Is Gambling Regulated in Different Regions?
To move further on the topic, we need to find out: where is online gambling legal? According to a survey conducted by the international gambling regulatory authority, the most permitted gambling markets are located in North and South America, Europe, Asia, Africa, and Australia. In these regions, gambling activities are approved by 100% jurisdictions. Among online channels, the most permitted service is betting (67%).
Of course, regulations of online gambling vary from country to country. In the United States, for example, there are only 12 states where it is legal to play online casino and different types of gambling games. Each state has its own attitude to gambling, but there are some uncertainties. For example, it’s not clear whether the US regulations actually apply to online gambling resources that work beyond the region’s borders. The image below shows what types of gambling in the United States are available.
The situation in Europe is a bit different. While some countries (Germany) have outlawed gambling activities, others have legalized it under strict laws. As we’ve mentioned, the UK has set out its regulatory frameworks for online gambling. Thus, all types of online betting and gaming are entirely legalized and very well controlled. Any website willing to offer its services to British citizens must meet requirements established by the Gambling Commission.
The compliance requirements for the Australian gambling business are very stringent. They’re permitted to provide certain gambling services to the local citizens, but only traditional, land-based casinos are allowed. Online sports betting and casinos are forbidden. However, there are no regulations that restrict Australians from gambling on overseas sites as they fall out of the supervision of Australia’s government.
New Zealand has dealt with all regulations clearly, unlike so many other countries. The NZ online gambling is strictly governed but only for the companies-providers, not for the players. It is completely safe and legal to play at top overseas online casinos or betting platforms.
Exploring the landscape of gambling legality is vital. This information can help the management to create legal products and simplify the search for the optimal region for starting their own gambling business. The next step is to find out what kind of gambling you prefer to work on.
Different Types of Gambling Games Online
Today all you need to play online casino is a laptop, smartphone, or tablet with a reliable internet connection. There are three main types of gambling games to play comfortably from home and any place a gamer may choose.
Online casinos operate on web platforms that require user registration to get started. The benefit is that customers don’t need to download and install any software on their PCs. There is though a need to have a robust network bandwidth so that games run smoothly with all the graphics and sound accompaniment.
Desktop-Based Online Casinos
These games of chance work this way: a player downloads the online casino application, installs it, and then the program connects to the provider’s server. The benefit is that compared to the website-enabled casinos, the desktop ones run faster and animate very well.
The only downside of such casinos is that it takes time to start playing. Downloading may be followed by cyber threats such as malware. In case using these casinos, a customer has to ensure having dedicated antivirus software in place.
Playing casino in real time is the same as people do in traditional, land-based casino rooms. These casinos allow gamers to interact with other counterparts and live dealers at the tables just as in a real casino through the live video streams.
The most popular kinds of online casinos include thousands of gambling games to the liking of different gamers. Whether you prefer betting on sports events or want to try your luck on a fortune wheel, modern providers can offer multiple kinds of gambling services, meeting the most sophisticated users’ requirements. Let’s take a look at some of the well-known online casino games.
The bet is placed to take a win and gain some profits as a result of a particular event.
Sports betting involves forecasting the results of the competitions and earning money for those who made accurate predictions. There are specific betting platforms and so-called shops where users can lay a wager online and offline.
This type of gambling is popular because players can heighten their chances of winning a reward by analyzing older events’ statistics.
Sports betting is extremely popular on mobile, both iOS and Android. Developers at Innovecs have mastered their skills in creating high-quality gambling games underpinned by trending tech solutions for any platform. Our expertise has various options to offer: from user-centric designs to make the UX more engaging than before to the development of real-time bet tickers with integrations into racing video feeds and third-party live sports.
When playing online slot machines, gamers experience the same feelings as in a physical casino. With digital slots, players also wager and pull the virtual lever, and reels start to rotate.
After stopping to spin around, the reels show lines with different images. If the placed bet coincides with the layout on the screen, the lucky player wins. The majority of online slots can be classified into three subdivisions, including:
- Video slots. These are contemporary online casino games with eye-catching design, innovative features, and themes.
- Traditional slots. These are never-ending gambling games with much functionality to be enjoyed for a lifetime. These are usually fruit machines or lucky seven slots of recent times.
- Progressive slot games. A progressive jackpot is a unique jackpot feature in a video slot machine, which increases with every new game until someone wins it. This type of slots attracts millions of gamers.
Since casino slots have always been in demand, modern software developers need to create highly competitive online games ensuring the customers retention. That’s why Innovecs specialists do their best using advanced and first-class tools to build the most dedicated and user-oriented gaming systems. Games development with Innovecs means unlimited technical support, using sophisticated solutions for your needs, slots software working on various platforms, such as web applications, Android and iOS, and seamless integration with different verticals.
Blackjack is a famous online casino card game in which the player must get as close as possible to the limit of 21, but not exceed it.
To win this game, one should be really lucky. However, if gamers adhere to the essential blackjack strategy, they can dramatically decrease the casino advantage and enhance their chances.
It is a popular online card game where guessing is the essence of the process. All allies receive two cards and strive to get a combination equal to nine or as close as possible to this amount of points. In case the first card hand was less than five scores, players gain the third card. There can be the following results: a player wins, a banker wins, and a draw.
Online poker is a digital version of brick and mortar (B&M) poker played over the internet. This gambling activity is very beneficial for businesses as online venues for holding the game are significantly cheaper because of fewer overhead expenses. For example, inserting a new table does not need extra space like it would for a land-based casino.
To create exciting online poker games, developers utilize the latest tech trends such as Unity 3D for real-life experience, various 2D and 3D tools such as Adobe Photoshop or 3DS Max, and more. Plus, modern games can be available on various platforms, be it mobile, PC, or VR glasses from HTC Vive.
Online poker rooms may have weak points and undergo fraudulent activities or cheating. However, digital poker moderators can spot the poker collusion by checking the hand history of the cards played by any previous participant. Then, they create patterns of behavior and can, in the future, detect the players colluding against honest ones.
A pure game of chance is roulette. It consists of a wheel with numbered apertures on the inner circle in black and red. A player bets on the random number they assume to win. Then, the dealer rotates the wheel and throws there a silver ball, which stops after the wheel comes to peace, showing the lucky number.
Wheel of Fortune
A game implies revolving a wheel for the chance to win money or rewards. Players wager on various sections of the fortune’s reel, where different outcomes possible – bonuses, a sum of money to win, joker, or any other particular for a game symbol.
After spinning, the wheel slowly stops and the fixed indicator demonstrates whether a player gains something from his bet or not.
As you see, the list of different types of gambling games can never stop. These games demand from players their luck and force gambling providers to adhere to strict local regulations. Hopefully, this guide to different kinds of gambling games would help you choose the right one to try or consider starting a business legally and safely.
Conclusion: Creating Successful Online Gambling Platforms With Innovecs
From a user perspective, online casinos are becoming more and more popular and more comfortable. Digital gambling is the perfect solution for people who want to play their favorite gambling games anytime, anywhere and without the need to leave their homes.
From a business perspective, it’s also a beneficial approach. Companies save tons of operational costs and have faster ROI. Thus, if you want to start an online gambling business, there should be a dedicated and experienced team of engineers in place.
Advantages of online gambling business:
- Profitability right out of the gate. Business executives don’t have to look for a space to rent, buy expensive equipment, hire personnel, and more. All they need is to create a website, pay for hosting, get a license, and purchase software to run their online casinos.
- Ease of starting a business. Another benefit of online gambling is that experience in operating a gambling company is not a necessity to create a revenue-generating project. Almost any entrepreneur can launch an online casino.
- Never-ending network of potential players. Internet penetration across the world allows you to engage more users to play online gambling. Thus, all adults who have reliable internet connection on their devices are the potential players of online casinos.
Innovecs offers gambling development services, including:
- Sports betting software development is easy and efficient with Innovecs’ professionals. Whether it’s a PC sports betting platform or a mobile app, we have everything you need as our development team is globally recognized specialists.
- Slot machine software development – We develop the most attractive online casinos that attract users to play every day, whether at home or on the go using mobile devices.
In addition, our team has expertise in creating virtual reality casinos, lotteries, and online poker. Reach us out for a more detailed consultation.