The number of online casinos has drastically increased in the past few years. According to Grand Value Research, the global online gambling market size was valued at USD 57. 54 billion in 2021, and is expected to expand at a compound annual growth rate of 11.7% from 2020 to 2030. There are a few reasons that have contributed to this phenomenon.
The affordability of advanced technology used in mobile phones, coupled with internet penetration, has propelled this growth in the online gambling market. Opportunities in online gambling have been made readily available to everyone with an internet-enabled device, removing the barriers to access that were present when the business focused on brick-and-mortar establishments.
New online casino have also ventured into virtual reality to lure in the young, tech-savvy generation. This technology displays a simulation of a player’s surroundings using visual tools and gloves with sensors. Gamblers are treated to a realistic experience, increasing the authenticity of playing a game of cards, or spinning the wheel.
Tips on Choosing an Online Casino
As the online gambling industry receives new entrants into the market every day, gamblers need to make well-researched and informed decisions to ensure a fun-filled experience. Some essential criteria are required that speak to the needs of the gambler. Depending on the kind of player, the reasons for playing, and the kind of games the player is interested in, the gambler will focus on the following factors when choosing an online gambling site:
- Make sure the site is secured
Security is one of the fundamental factors influencing the choices of online gamblers. The presence of an SSL certificate confirms to the player that his/her personal and confidential information will not be stolen, and that all their online transactions are safe. This cybersecurity measure discourages hacker’s attempts at stealing gambler’s information.
The Secure Stock Layer encryption ensures that the player’s data is unreadable to third parties. One can tell that the site is SSL-encrypted if there is a padlock next to its URL. The URL will begin with HTTPS instead of HTTP. Players are also advised to avoid using public wifi access points to carry out transactions.
- Licensed and Regulated
When confirming the authenticity of a new online casino, look out for a badge, from the relevant governing body, at the footer of the website. This means that the online platform has met the required standards set by the authority in charge.
Over 15 states in the US have legalised online gambling sites, and established authorities that will govern and regulate the operations of these businesses. In the process of licensing, the casino’s random number generator is audited, and if found to comply with regulations, is licensed and allowed to operate.
- Variety of Games
Online gamblers are looking for sites that offer a wide variety of games to ensure a fun-filled experience. Whether Blackjack, baccarat, roulette, craps, or slots, the online player is looking for long term entertainment without leaving the comfort of his house.
- Bonuses and Benefits
With the ever-increasing number of online casinos coming on to the scene every day, competition has forced the platforms to offer bonuses as a way to entice new players to join the platform, and old players to stay loyal to their preferred online casino. The bonuses come in the following forms:
- Welcome bonus – this is offered upon first time registration on a platform
- No deposit/deposit bonus – the no-deposit bonus allows the gambler to play before spending any money. The deposit bonus comes in the form of added cash after the first deposit
- Loyalty bonus – this is given to players who have reached a certain milestone as a form of reward.
- Referral bonus – if someone you have referred to the online casino opens an account, you receive a referral bonus.
- Free spins – this benefit gives the player a free spin at the slots.
Aim to pick an online casino with as many bonuses as possible to increase your odds of winning.
- Payments and Withdrawal Options
As a player is familiarising themselves with the payment and withdrawal procedure, it is important to factor in safety, convenience, and ease of transacting. This will avoid instances of fraud where the player loses part or all of his/he winnings.
Ensure the platform offers the authenticated payment methods such as Credit/Visa Debit cards, PayPal, or instant bank transfers.
By following this criteria, an online gambler will register with a platform that will meet his gambling needs. If you are considering a new online casino, a good way to start is to open a demo account to get well acquainted with the interface. Once you have settled on your gambling strategies, switch to a real account and enjoy the games!