Online casino betting is quickly becoming one of the most popular online businesses. It’s easy to see why. Online betting is quick, easy, and offers more markets than traditional high-street gambling shops. The internet was a new concept in 1996. Only 30 websites allowed users to place bets on anything from blackjack to soccer. In its early days, the online gambling industry earned $17million. It had risen exponentially to more than $ 3 billion by 2000 and reached $ 6 billion in 2003 in the US.
This is an incredible amount of money considering the global online betting turnover. According to the gambling board of Great Britain, the total global gambling turnover in 2001 was PS638billion. Online wagers were at PS21billion. This represented a PS9billion market share for online sports betting.
The potential for huge profits was evident, and it was no surprise that big bookers quickly flocked to the internet to seize the opportunity. Along with the established brands, specialist sites began to appear all over. These websites didn’t have any real-world presence and were designed to attract punters who wanted the ability to place bets online. Today, more than 50,000 sites allow you to put your wagers. Again, it’s no surprise that there are so many online gambling websites. According to the Online Gambling, Research and Markets Group, online gambling will reach $125 billion worldwide by 2015.
This trend is expected to continue as more people bet online. Online betting can be a fun way to enjoy your favorite sport and may also help you make some extra money. However, you need to become a bookmaker if you want big wins.