Midwest gaming and travel is your guide for online gambling regulation rules in the United States, EU and South America. We do not only plan to limit ourselves to the online casino industry though and will also be pursuing reviews of land based casinos shortly.
Below you’ll be able to learn more about the iGaming industry and the major markets where gambling is either legal or pending regulatory changes soon.
In Europe, one of the largest legal online gambling markets is in Spain, with a turnover of more than $8 billion and gross revenues of $350 million on an annual basis.
The market has been growing on a year to year basis for a while now and people have started to view gambling as a completely normal way to spend their free time.
UK is another major market that got legalized recently and is probably the biggest one in Europe with turnover exceeding $9.9 billion.
Hundreds of operators were exciting the market following legislation, since cost of the license, at £150,000 a year, was simply too high for small players. You can learn more about the market size and entry quotas at http://www.gamblingcommission.gov.uk
Online Gambling In The United States
United States is probably the biggest online gambling market on the planet with and is estimated to be worth $10 billion. Currently only two states have legalized it though – New Jersey and Nevada, both of who have so far have generated relatively small revenues in comparison to bigger states, such as California, which is pending regulation as we speak.
Yet, there are hundreds of US friendly online casinos that accept players from nearly all states of USA, illegally of course. UIGEA that passed in 2006 permits banks from processing transactions that are related to gambling in any way.
Major Players In The Casino Software Space
There are thousands of online casino sites that might seem or even claim to be unique, but truth is that they are powered by a handful of platform providers that connect them to around a dozen of companies that actually develop games.
Some of these you probably will already recognize from land-based casinos, including WMS, IGT and Novomatic, while others are exclusively working in the online environment.
NetEnt is one such company and is well known for creating awesome online slot machines, such as Guns N’ Roses, Mega Fortune and their latest licensed title, the Jimi Hendrix slot.
The Nordic Countries – Where NetEnt Slots Dominate
Online gambling is incredibly popular in Norway, Sweden and Finland, with total turnover in these countries amounting to several billion dollars.
The market is incredibly saturated though and many operators are desperately trying to acquire customers from these countries, as they are of much superior value when compared to mainland European players.
The aforementioned NetEnt holds a dominant market position here and their slots, especially Starburst, are extremely popular.
South America – Football Betting Is Already Massive
South America is definitely an emerging market and one that is worth following regardless of whether you are a player, or looking to be a part of the business side of things here.
Sports betting, especially football, is already massive in Brazil, Mexico, Argentina, Chile and Colombia. The main problem in these markets is the lack of proper deposit methods, as credit cards are often rejected and people are unaware of e-wallet solutions like Skrill, Neteller or another fast growing option to pay – Bitcoin.
Live Dealer Casino Gaming – Roulette Leading In Gross Revenues
Live dealer casinos first appeared in 2007 and have since turned into a billion dollar revenue industry with two or three companies being behind majority of the streamed tables.
One of the biggest players in this space is Evolution Gaming, who have studios in Riga, Latvia as well as Malta.
Their live dealers are extremely well trained and they have partnered up with some of the biggest gambling sites like William Hill, Paddy Power and Unibet, to provide live roulette, blackjack, baccarat and other games to thousands of players daily.
Roulette with live dealers currently generates more revenue than all the others combined, but this is not really because it is that much more popular than Blackjack. It’s rather a case of logistics – blackjack can only be played on up to 8 boxes per table, so revenue per table is capped at a certain amount, depending on the table stakes. With live roulette this problem goes out of the window, as a single table can serve an infinite number of players.