The rise of online bingo industry
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There are more than 3.5 million bingo players in the UK alone. The number of bingos players around the world is estimated in hundreds of millions.
There are many advantages to playing bingo online. Online bingos are more convenient to play than live ones. The variety of games is also something that online bings excels at. The action moves faster in an online game as the numbers are automatically crossed out from the ticket.
Gambling industry is on the rise. Income from online gambling has risen from £817 million in 2009 to £4.5 billion today. Bingo represents only 3% of the online gaming market share, but it still has a steady climb. Land-based bingo market is still larger than its online counterpart, although the gap is narrowing each year.
The changes in the financial rules in 2017 regarding tax regulations and advertisement limitations have had a negative effect on the entire online gambling industry. 55 sites have been forced to close or at least cut their services to UK players. However, the bingo industry is looking to adopt and the number of players interested in online bingos is not dropping.
