Online gambling is a digital analog of traditional casinos. Thanks to the prevalence of the internet, today’s gamers can comfortably play and place bets in various games all over the world from the comfort of their own homes.
Currently, the global online gambling market was valued at $57.54 in 2021 and it is predicted to grow exponentially and reach 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.
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.
In recent years, advanced security measures for processing electronic payments, the rise of electronic currencies and online platforms for betting and gambling are propelling the segment growth.
A report by GlobeNewswire highlights the following factors pushing the online gambling industry forward:
Regulations and laws for online gambling vary from country to country. In the United States, for example, there are currently 22 states where online sports betting is legal, but only 6 states where it is legal to play online casinos. Each state has its own attitude toward gambling, and like many laws regarding new technology, some of them are unclear.
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 Australian gambling businesses are very rigorous. Online sports betting and casinos are forbidden, only traditional sports betting and lottery-style games are currently permitted (2022). However, there are no regulations that restrict Australians from gambling on overseas sites, as they fall out of the supervision of Australia’s government.
Unlike most of the world, New Zealand has clear and precise legislation regarding online gambling. NZ online gambling is strictly governed for companies and providers. Players, however, are allowed to use any overseas online casinos or betting platforms.
Exploring the landscape of gambling legality is vital. This information can help management to create safe and legal products and easily determine the optimal region for starting their own gambling business. The next step is to find out what kind of gambling platform you want to create.
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.
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:
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.
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.
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:
Innovecs offers gambling development services, including:
In addition, our team has expertise in creating virtual reality casinos, lotteries, and online poker. Reach us out for a more detailed consultation.