Skip to content

Gambling at Online casinos: What you really need to know!

Gambling at Online casinos: What you really need to know!

Gambling at Online casinos: What you really need to know!

The 8th wonder of the world is compounding interest” – this becomes reality when online gambling comes.

Having largest market in Europe with a fastest-growing market in North America online gambling with an online casino offers freedom and flexibility i.e. one can sit at home with favorite food and favorite drink, in comforting track-pant and bet on a sporting event, can play poker, bingo, casino games, etc.

Being in existence before Google and Facebook first casino was launched in 1994 and it has an estimated USD 48.52 billion in 2018 and the global online gambling market is expected to register a Compound annual growth rate of 11.5% from   2019 – 2025.

Problems Associated with Online Gambling:

Online Gambling, although considered as a mode of fun and entertainment, has several risks associated with it.

  • There are hundreds of online Casinos that require users to connect their bank accounts. This can lead to Problem Gambling and scam them out of their hard-earned money.
  • While playing online casino games have plenty of advantages but it lacks a personal touch. One can’t interact with fellow gamblers or the host which can sometimes make the game boring.
  • Payouts take a lot of time in online gambling sites. There is a 3-day waiting period for withdrawals but the same can be reduced to 24 hours by using e-wallets for deposits and withdrawal.

It can make people addicted to it just like drugs. There are many sites that cheat people and still continue to exist. For these reasons, several countries have banned online gambling.