The web wagering business in the UK has doubled in 5 years, with in excess of a million bettors regularly wagering by using the web. According to research executed by the Dept. of Culture, Media and Sport, British gamblers make up about one-third of Europe’s estimated total of 3 300 000 net gamblers.
The typical amount spent by every gambler is estimated at one thousand pounds, with the European business now worth three point five billion pounds each year.
Among the 70 internet gambling sites in the United Kingdom, few are gaming sites advertising casino card games like poker and blackjack. A majority of the world’s 2,000 online betting casinos are located in places with dubious net gambling regulations. Antigua and Costa Rica are responsible for for more than one thousand sites between them.
The Government in the UK is looking to introduce practices and a tax system to manage the working of the net gambling sector. With such regulatory framework in place, online wagering activities would be monitored and the industry can hope to achieve even greater penetration in the next few years.