Better British Betting
NutRocker aims to bring you the best reviews of UK betting companies.
According to Statistica, Online gambling is one of the 10 major growing industries in 2022-2023, with a reported fiscal growth rate of 15%. Today, if you’re a sports fan, you’ve most likely seen a barrage of advertisements for many new online betting companies, and if you’re active on social media – you’ve probably seen your fair of gambling advertisements as well. The popularity of gambling is one that has unequivocally stood the test of time.
888 Holdings, Rizk Casino, bet365, Casumo Casino, and LeoVegas are some of the major competitors currently operating in the UK online gambling market. According to Business Wire, the European online gambling sector is witnessing a current CAGR of 9.20%, with a forecast period between 2020 and 2025. The growth of the market is mainly due to the strong levels of enhanced internet penetration that we are experiencing today. The UK Gambling Commission states that “Remote (or online) gambling is the largest combined sector by GGY”.
Simply, Online betting is gambling that takes place online. Unlike traditional brick and mortar gambling firms, the backbone of our operations in the new era is specialized websites called online casinos. They offer a variety of new intrigue and are now open to a wider range of new players as they become more accessible on mobile phones and computers.
Online betting in the United Kingdom is a very competitive industry – It is ruled and run by the private sector. According to the data published by Ofcom (The Office of Communications, United Kingdom), in 2015 alone, 6% of the users aged between 25-34 and 45-54 years engaged in online gambling at least once every three months. The second highest penetrated group was the age 16-24-year-old, accounting for 4% of the output. Online betting is fully legal in the United Kingdom. You must be over 18 (some companies are now requiring players to be at least 21) to participate and companies are strictly required to hold licenses as specified by the UKGC. Under the governing free trade act, all citizens of the United Kingdom are also completely free to sign up and participate in international online gambling sites as well, without fear of prosecution. The information surrounding legality is required to be fully visible on the platform and should not be inaccessible to the user or law enforcement. As a measure and protection for all players in the United Kingdom, the United Kingdom Gambling commission strictly regulates internet casinos and all land-based gambling across the region. Choosing a fully licenced operator is the best way of making sure you are conducting yourself within the rules of the law.
What makes gambling at sites like the betting websites at Findbettingsites so popular today is the ease of how they work and function. Many new websites offer key features such as cash out, free live char, casino betting, bingo, poker, best odds guaranteed and many even offer live betting clubs. Many betting sites in the UK also offer a welcome bonus and many continuous rewards for existing customers and new customers alike – often with the promise of helping players win more money by spending less. The major innovative feature is that newer sites also include in-app streaming of sorts such as play-by-play to allow the user to follow along when the betting is sports specific. As a primary playmaker, many users actually reported much better odds on major betting sites as they related to sports.
One of the major cons to the new online betting phenomenon is the new wave of cyberattacks that occur under the guise of legitimate betting sites. Many sites are loaded with very complicated advertisements that can contaminate and compromise the integrity of your device and its data.
The major growth and popularity of gambling have also affected the mental health of many of its players. In recent years, gambling has shown to be a major issue for female users. While major addictive behaviour is being reported by men, newer statistics are showing that women are becoming seeking treatment for very addictive behaviour at a very high rate, up from 1,134 in 2015-16 to 2,423 in 2020-21. The government is expected to tighten up regulation to tackle the issue, amid mounting calls for stricter measures to be employed. There’s a stigma in seeking treatment and help, this has caused many to go untreated. It is important with any gambling related activity, that users be fully capable of self-regulating themselves and knowing when to stop.
As the industry becomes increasingly competitive, The online gambling sector is poised to continue growing in the UK at the highest rate in Europe and is expected to grow collectively by more than £80 million by 2024-2025.