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Uk Online Gambling Market Going Strog
Friday May 10, 2013 : ONLINE GAMBLING ON A ROLL
Investment publication says GBP 2 billion market in the UK is showing no signs of slowing
Online gambling in the UK is a huge growth industry, the publication MoneyWeek reported Friday, pointing to estimates that growth has been at around or over 20 percent per year for the last decade, and the UK market was worth over GBP 2 billion in 2012...80 percent ahead of just four years ago.
MoneyWeek attributes easy and improved internet access as a primary factor in that growth, observing that it is hard to think of an industry that has benefited more from the instant availability of digital information, from the ability to communicate with people all around the world to sending money at the touch of a button.
"Gambling always used to require premises – the betting shop, the bingo hall, the casino. No more. Now the roulette table comes to your TV screen, your poker opponents are waiting online and sporting odds are flashed to your mobile device," MoneyWeek's Tom Bulford remarks.
Entrepreneurs have been quick to see the possibilities, building successful businesses in different internet gambling sectors such as sports betting, where in-play action has become immensely popular; online casinos where the excitement of the land casino is delivered to PC and mobile devices in both live dealer and RNG formats; bingo and poker, where big money tournaments and cash games have become the norm.
MoneyWeek opines that the availability and wide choice of games have attracted new users. The fastest growing category has been women.
"For men, however the motivation is slightly different," the publication notes. "Young men are particularly prone to gambling and go for casino games and skills-demanding games that are traditionally associated with the male identity."
Whatever the motivation, online gambling is growing fast and showing no signs of stopping.
MoneyWeek does not delve into the forthcoming UK tax changes, which will see operators wishing to access the British punter having to acquire UK licensing and pay an as yet undefined UK tax.
Gambling News :
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
MLB Odds: Yankees Favored in AL Wild Card Game -
After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.
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