The Future of the Gambling Industry in the UK
The future of the gambling industry in the UK is coming into question. Despite being among the country’s most successful industries, it is not without its own controversies. In 2017 alone, the country saw £2.8 billion in revenue.
Since gambling is now a more easily accessible hobby than it ever was before the industry has become increasingly high profile. This has caused the United States to take notice and the country’s analysts have declared that US casino operators can learn from those in the UK when it comes to running sports books successfully.
In addition to sportsbooks, the UK’s gambling industry is also thriving due to mobile casinos. The industry is growing by leaps and bounds thanks to the inclusion of virtual reality technology into many of today’s casino games. In fact, entire mobile apps are being designed around virtual reality, changing the face of online casino games forever. By 2021 it has been estimated that there will be an 800% growth in the rate of virtual reality online casino games. The number of UK mobile casinos has grown to 19 and this number is expected to continue rising, as players enjoy the convenience of being able to take their games with them wherever they go.
Both online and mobile casinos will be affected by the volatility of Bitcoins. While many UK gamblers have embraced them as the best currency to use at online casinos, players are being discouraged from using it due to the fact that its value fluctuates. In fact, one major UK bank has even declared that its customers cannot use their credit cards in order to purchase Bitcoins for online gambling or anything else.
In an effort to further strengthen the UK’s gambling industry, several of the leading online casino operators may be merging. It is the hope that doing so will help them fight against regulations that are hurting the industry.
When online casino operators merge, each casino will be in a better position to attract new players. The release of many new casino games is expected to lead to an increase in certain demographics of players. Younger players are being targeted by online casinos as the software companies continue to release games that appeal to them in many ways.
Many of the newest slot machine games will be designed so that there are easier to win than games have been in the past. These games will be available on mobile devices, helping to further increase the popularity of mobile gambling, which is already growing on a regular basis.
The future looks bright for the UK gambling industry as online gambling becomes closer and closer to being declared a national pastime. Innovations in new games and new casinos alike are expected to boost the industry to a level of popularity that some once thought could never be achieved. UK players continue to enjoy their favorite casino games and eagerly await the releases of many new games.