Online gambling games have shown continuous growth – and with good reason. For starters, they have made gaming incredibly accessible and convenient. There is also a lot of variety in games now. In the past, for example, you only get basic slots games. These days, you get Marvel Superheroes-themed slots games and game show-style slots. Also, newer technology such as cryptocurrency has even made it possible for anyone to preserve his anonymity when signing up for casino sites.
Such a surge is something that only a few industries are able to achieve though – and this growth resulted to numerous studies about the field, game platforms, and player behaviors. These studies are used for a wide array of reasons, but they all help in improving existing systems not just to ensure fairness, but also to improve a more enjoyable experience all in all.
The truth about Online Gambling
Did you know that a study reported in 2009 show that those who opt for online gambling games are more disciplined in playing compared to players in conventional gambling settings? It is true that in gambling, self-control and moderation are always important. However, contrary to expectations, the incredible accessibility of online gaming has contributed a positive experience for the most part.
A study conducted by Harvard Medical School Addictions Department’s director in cooperation with an Austrian online gambling company reported that problem gambling didn’t increase despite platforms’ accessibility. Results showed that the percentage of problem gamblers in 1970s was 0.7 of the year’s population while the study’s problem gamblers are around 0.6 percent of the population. Therefore, the number of problem gamblers actually dropped.
The director who spearheaded the study stated that the result was unexpected. He also concluded that preventing people from online gambling would probably be less effective in minimizing problem gambling. This seems to highlight the need to shift to moderated operations, as well as to the mindset that gambling should primarily be deemed as a form of entertainment.
Localized Online Gambling Market Studies
Online gambling indeed seems to be an unstoppable force these days. This triggered curiosity about how the industry is faring in the local market. Several studies conducted by local and international researchers presented the industry’s popularity in specific countries. A good example is in online gambling in Ontario, Canada. According to a recent report, around 500,000 residents in the province spend from $400 million up to $500 million yearly on offshore online gambling pages. It is also the eighth province to devise a locally regulated online gaming page.
In Denmark, gambling authorities studied the Danish gambling market and claimed that the market continues to boom. A year prior to the recent report, the same authorities reported a 40 percent increase on bets placed online compared to the last two years. That time, one company monopolized the internet gambling market. The number increased to 29 companies and 15 companies licensed for online casino games and betting, respectively. Therefore, the Danish gambling market also experienced the industry’s significant growth.
These are only two countries, but the trend is also the same for other countries with regulated internet gambling like in the United States and United Kingdom.
These types of reports help authorities as well as online game providers to come up with better regulations that will make the industry more beneficial for everyone – both operators and online gambling enthusiasts alike.