Virtual Reality online casino
Online casinos

The explosive growth of the online casino market

There are no such industries growing as fast as the online casino market. In about 20 years’ time, the online gambling industry has developed into one of the biggest online industries existing. The number of casinos, as well as the revenue stream coming from online casinos, are still exponentially increasing every day. In 2017 online casinos generated a total amount of 50 milliard dollars in sales. People all around the world started playing at online casinos and more online casinos became available worldwide. In solely the UK there are already 777 online casinos to choose from. Besides that, the number of payment providers has known a huge increase, making it even possible to pay with bitcoins.

What is driving this exponential growth?

The prodigious size of the online casino industry could actually mean just one thing: people love playing online casino games! The thing with online casinos is that it’s more accessible to play at. Computers become faster and easier to use, and nowadays it is not even necessary anymore to download a specific application to play online. Besides that, mobile casinos make it possible to play wherever and whenever you want. This means that you do not even have to play on your desktop anymore, but can go wherever you want and take your favourite games with you!

Give me more!

Besides growth in the revenue stream, online gaming will become more and more exciting by the use of new technologies. An example of this is the development of live casino games, through which you will get in touch with live dealers and more realistic communication. Also, casino games with video and multiplayer features are available nowadays. SlotsMillion even released the world’s first virtual reality casino for players using Oculus Rift!

Virtual Reality online casino

What does the future bring?

Everything points to additional growth of the online casino market. Especially in countries in Europe, the casino industry is currently on the march. Genius marketing campaigns and more governments regulating online gaming have contributed to this development. Players from all over Europe will definitively experience the effects of the increased flexibility of the law. Currently, the UK market statistically is the biggest gambling market in Europe.

Always play consciously

The fact that players can choose from 777 online casinos in the UK, might also have some negative consequences. First of all, if you do not pay attention well enough, you might get in touch with the wrong places. It is very important to make sure that an online casino that you play at disposes of a licence by the United Kingdom Gambling Commission (UKGC). This means that the online casino is regulated by trustworthy authorities and that you can play safely at the concerning online casino. Besides that, you want to be sure that online casino games work with a random number generator that randomizes your chances of winning or losing. Make sure that wherever you’re playing, you will always check the presence of a required license. Safety first!