Is the UK Leading in the iGaming Industry?
The online gambling sector experienced massive growth, and it is globally recognized for its popularity. The UK is actually a leader in iGaming since it also has a renowned gambling sector known for its rigorous standards since 2007.
Since the inception of the first casino site, the entire UK iGaming sector has gone straight to strength. Today it accounts for about 38.8% of the entire gambling sector revenue. So, it is safe to say that iGaming is a force to be reckoned with in the UK. Below we will learn the main reasons why it has achieved spectacular success.
The Popularity of Online Gambling
The UK Gambling sector in 2007 had a worth of around £8 billion. In 2022, that number has spiked to £40 billion. There are multiple reasons for this success. First, smartphones improved with their innovative features, new capabilities, and performance. The enhanced capabilities open more options for mobile gaming, which also apply to online casinos.
Mobile devices supported mobile data, which further increased the accessibility to online games of chance. Nowadays, we spend 155 minutes on our mobile devices every day. Smartphones are portable computers that support 5G, which even further enhances the interest speed and performance. So, it comes as no surprise that iGaming is even more popular than initially when it was only available on laptops. Mobile casino apps, for example, offer one-point access to a variety of casino games.
Every iGaming provider has optimized the games for iOS and Android devices. Furthermore, online casinos are no longer a rarity. The demand for mobile gaming experience has done its part and almost every casino site is optimized for mobile use.
Regulations of the UK Gambling Commission
The regulations of the UK Gambling Commission are quite strict, and they also create a safe and fair gaming experience for UK players in online casinos due to their stellar global reputation. Many casino players feel safe when they gamble at a local online casino that is licensed by the UKGC. In other words, the work of the UK Gambling Commission provided a good foundation for the UK gambling market to continue to grow and expand, and the same applies to the iGaming providers that hold a valid UK gambling licenses.
They also enjoy higher repeatability and popularity among UK casino players. Moreover, the UK Gambling Commission also promotes responsible gambling and regularly supervises the work of its operators in order to ensure that they offer a safe and fair gaming experience that can also be regulated by casino players.
For example, you can self-exclude for a specific period of time on a gambling site, contact support agents if you have any additional questions about their bonuses and promotions, or limit your deposits and withdrawals. There are also strict regulations regarding the promotion of bonuses on the platform.
Payment Methods
Another reason why the UK is the leader in iGaming is the opportunities to make deposits and withdrawals with globally recognized and safe payment methods such as VISA, PayPal, Skrill and Neteller, Paysafecard, and MasterCard. In most cases, deposits and withdrawals and approved instantly, especially when it comes to advanced digital wallets.
iGaming platforms also accept cryptocurrencies which represent one of the latest innovations in the sector, and it offers another option for any crypto owner that wants to make deposits and withdrawals with their crypto funds.
Bonuses and Promotions
The UK iGaming sector is known for online bonuses and promos on online casinos, betting, and bingo sites. There are plenty of different types of bonuses to choose from, like deposit-match offers, bonus spins, loyalty points, cashback offers, giveaways, and tournaments. So, based on your preferences, you can find bonuses that let you try different games or make your gaming experience more enjoyable.
They might have loyalty schemes that also include different loyalty rewards, and this is something that online casinos, for example, and land-based casinos, have in common, as there are iGaming sites as well as traditional gambling establishments where you are able to collect loyalty points and reap different rewards. The loyalty rewards might include everything from special bonuses to gifts, personalized rewards, personal account managers, higher withdrawals, and other options.
