How Big Is Online Gambling?

In today’s technology-dominated day and age, we spend a better part of our free time online. From hanging out on social media to watching our favorite movies on Netflix, the Internet is slowly becoming the centerpiece of our everyday lives.

Apart from allowing us to access virtually any information in an instant, the Internet is also an infinite source of entertainment. And we’re not talking just about video games. In the past decade, online games of chance have piqued in popularity.

If this trend continues, we will see fewer and fewer players in land-based casinos. Naturally, gamblers were hesitant at first and doubtful of the fairness of online games. However, as online casinos built up their reputations, their player base exponentially grew. So how big is online gambling, exactly?

How Many Online Casinos Are There?

Sadly, there isn’t a registry we can fall back on to give you an exact number. Still, the fact that online gambling is a multi-million dollar industry paints a good picture.

New online casinos pop-up every other week. Simultaneously, old ones close their virtual doors. On top of that, the bigger players tend to buy off smaller casinos and include them in their groups. So the number of online casinos constantly fluctuates.

If we had to give a rough estimate, we’d say there are anywhere between 2,000 and 3,000 operators. Keep in mind that each of them has anywhere from one to several dozen online casinos under their belt.

Although this number might not sound all too impressive, it only pertains to licensed online casinos. There are just as many (if not more) joints that are operating outside any rules and regulations.

Why Are There so Many Online Casinos out There?

It’s no secret that gambling is an extremely lucrative industry. Many operators have merely recognized the players’ needs to enjoy their favorite casino games online. Others saw online gambling as an opportunity to create a new get-rich-quick scheme.

Regardless of any particular operator’s motives, players welcomed the rise of online casinos. It’s far more convenient and saves you the trip to the casino. Moreover, you can play literally any game, whenever you please.

Still, it turned out that not all online casinos are keen on paying out the winnings. Which begs the question:

How Do Players Know Which Casino to Gamble In?

There are dozens of forums, watchdog portals, and review sites where players can look up information on any particular online casino. Gamblers themselves run these websites, so they typically only endorse objectively good casinos.

Besides, the first online casino launched over a decade ago. While it was easy for shady operators to fool inexperienced players back then, that is no longer the case today. Now, gamblers are more wary of online sports betting and casino sites.  

Besides, the industry has quickly become too crowded. With competition around every corner, online casinos must maintain a spotless reputation if they hope to attract new players.

Do Online Casinos Offer Any Advantages?

Most definitely. Aside from convenience and 24/7 availability, there are plenty of reasons to choose to gamble online.

For example, online slots have higher payouts than their land-based counterparts. The reason being is same — the casinos must provide an incentive for players to play there over their competition.

Another major benefit is the bonuses online casinos provide. It’s become an industry standard for online casinos to offer generous promotions, especially to new players. Many of them even go as far as to provide “free” money you can gamble with.

For example, you can use the BoVegas no-deposit codes in 2019. These free codes allow you to claim up to $50 that you can spend on your favorite casino games.

No-deposit bonuses come with no strings attached. You can play and win, without spending a dime! Granted, you first have to meet the wagering requirements before being able to withdraw your winnings. What is more, some casinos even limit the maximum cashout while playing with free chips, but it’s still a good deal.

If you want to learn more about the online gambling phenomenon, what better way to do that than to try out a few games yourself?

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