Every year the online segment of gambling business is growing. Gamblers like virtual online casinos more than land-based ones. However, is this really the case?
In addition, like many other types of business, gambling has started to develop on the Internet and beyond. But the laws of each country regulate the gambling industry. Land-based casinos have existed for a long time in the countries of Europe. Nowadays, Europe is the largest provider of online gambling, which is a reasonable phenomenon. As a result, we will look at the development of the online gambling industry using several European countries as an example.
Prerequisites for the dominance of online gambling It can be safely said that convenience is the main reason for the constant transition of customers to remote casinos. due to the fact that gambling on a smartphone can be played almost anywhere. All you need to do is have a modern device, a stable internet connection and some free time. Land-based restaurants can not provide their visitors with the same level of comfort as at home. The possibility of playing simultaneously by an unlimited number of people is the second reason. This applies to all types of games, from card games to slots. The complete absence of separation of players by class and national groups is the third reason. Users prefer to play online than to meet other players in person. About 90% of the players fit the online gambling format.
Offline and online gambling: Spain Land-based gambling is represented by many legal establishments in Spain, which generate significant annual revenue for the country. As an example, a small province in the country added €10 million in taxes to the coffers in 2017 alone. The total revenue generated by the Internet segment is growing every year. Already in 2018, it earned 699 million euros.
Offline and online gambling: Italy: studies show that the financial results of gambling in Italy have grown by 50% in the last ten years. In 2017, the industry’s monetary turnover increased sevenfold, from €15.5 billion in 2003 to €101.8 billion in 2017. Furthermore, studies show that 22% of people in Italy prefer to spend their time in land-based casinos, while 50% prefer to spend their time in online casinos!