Online casinos: A global industry
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Online casinos are the coverall terms used for internet gambling and betting. UK is the most popular country for online casinos. The US and China are also popular. Other EU countries like Italy, France, Germany and Spain also have thriving industries. Morocco and Lebanon host casinos like 888casino. Egypt offers casinos for foreign visitors.
The global gambling market is expected to reach $458.93 billion by 2026. The market includes partnerships, sole traders, and organizations that run gambling facilities both online and off.
There has been a decline in the use of land-based casinos, but iGaming has thrived. Most EU countries and others have remained steadfast with their rulings about who can play and where.
Online gambling laws differ in every country. Germany allowed operators to apply for licenses. The Netherlands made iGaming legal in October 2022. Morocco allows its residents to register for offshore websites. Lebanon has the Casino du Liban. Tunisia and Egypt offer gambling to tourists or residents with dual passports. USA saw a shift when the Supreme Court declared the gatekeeping of both online and land-based casinos unconstitutional. Macao, the Philippines, and Japan are gambling hotspots. In Colombia, over 60% of those over 18 place wagers. Brazil had the goal of making sports betting available for the Qatar World Cup. Argentina made strides in 2022 and offers operators a single license. Australia has stricter rules when it comes to their gambling.
