The iGaming Industry in the UK
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The online gambling industry in Great Britain is worth $565 billion. It's not always legal in some countries. iGaming covers sports betting events, online slots and casinos, poker, and eSports.
iGaming has a rich history spanning nearly 30 years. Microgaming established the first computer programs for online casinos in 1994. In 1996, the Kahnawake Gaming Commission was established to regulate online gambling. The UK launched its first online betting service in 1998 with William Hill. By 2005, Gambling Act was created, which allowed casinos to be advertised and made gambling legal. Big iGaming companies such Intouch Games, William HIll and Mr Green paved the way for the rise in online gaming in the UK.
The brick-and-mortar casino offers a real tangible experience and a community of fellow players. Online casinos offer more than just the gaming experience. Mobile gaming is becoming more popular. By 2020, a huge £1.5 billion was spent on mobile games by UK consumers. HTML5 has made mobile gaming faster and cleaner.
The online gambling market in the United Kingdom is predicted to expand by more than $80 million by 2024. The growth of cryptocurrency being used for online transaction or the increase of Augmented and Virtual Reality could change the paradigm of the iGaming industry.
