Gambling online has been one of the favorite pastimes to many which make its popularity shoot up reaching 59 billion US dollars global online market in 2019 according to Statista and a possibility to reach more than 92.9 US dollars by 2023.
The majority of the virtual punters prefer betting the table games and sports, especially in New York City in the US where more than $ 2.4 billion bets as of February and $ 472 million in the week’s end of Sunday’s Super Bowl. The state of New York recently legalized online betting including sports in January of this year.
The Virtual House of Gambling
The online casino became popular to Kasinohai or casino shark for its obvious reasons. Online casinos are accessible and convenient and the games can be glamorized through technology. The players can wager at any time in their comfort and in any place as long as they are in the right location.
Gambling of any form in the US depends upon the state you are into. For example, you can wager in Nevada but not in Utah. The legitimacy of gambling depends on the federal level in a particular state. See this regulations guide In America around 49 cities legalized online betting except Utah and Hawaii for cultural and religious reasons.
Other various reasons for virtual betting’s popularity:
The topmost reason perhaps is the comfort of wagering at your own pace and control because through the influence of technology, anyone can wager at their fingertips. Other than these, there are also other reasons for its fame.
Online casinos give numerous bonuses compared to brick-and-mortar casinos. Online casinos offer higher cash back percentages and more benefits in a form of coupons and/or tournaments.
It is the main reason for casino games to become accessible to gadgets. Microgaming software introduced online casinos in 1994 and the same company opened its doors to gadgets particularly smartphones in 2004.
Artificial Intelligence is also introduced in the online casino like the chatterbot that the site usually provides for the communication of the customer service representative and the player.
Casino games can also be enjoyed in Augmented and Virtual Reality as well as a live casino where the players can have an opportunity to play live and in real-time with a human croupier and other players.
3. Payment options
A few years back, many had doubts and were a bit hesitant to wager online because of its limited payment options. The danger of cyber theft and scam were greatly feared. Currently, it does not limit to debit/credit card payment schemes. Online casinos also offer open banking payment methods such as Trustly, Digital wallets like Paypal, and Cryptocurrency.
Betting Online in the USA
Online wagering in the US is similar to physical casinos, it has limits and depends upon the federal level therefore not all states are permitted to operate online gambling activity. Currently around states are allowed online gambling and the majority are into sports betting since the latter was inaugurated by the Supreme Court in 2018. Before this, online sports betting is illegal according to the Professional and Amateur Sports Protection Act (PASPA), and only the four states such as Nevada, Delaware, Oregon, and Montana allowed it.
The following are the states which allow online gambling at present:
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Dakota
- Washington DC
- West Virginia
Other states like Ohio are already approved sports betting by their governors but are still waiting for further action. A big possibility that people can start betting in online spots by January 2023.
Online betting is an activity that is well-loved by many, especially by Americans. Hence, approval of the said activity in each state is in demand in the country. Nevertheless, gambling in moderation is still greatly advised especially since wagering is now very handy.