The online betting market in the United Kingdom has increased two fold in five years, with greater than one million gamblers regularly gambling over the internet. According to research administered by the Department of Culture, Media and Sport, British bettors make up approximately one-third of the Old World’s approximated total of three point three million internet bettors.
The typical cash amount bet by each punter is approximated at one thousand pounds, with the European industry now worth £3.5bn annually.
Among the seventy online betting sites in the United Kingdom, few are gambling sites advertising casino card games such as poker and blackjack. A better part of the globe’s two thousand net betting sites are based in places with questionable internet wagering codes. Antigua and Costa Rica are responsible for for more than one thousand sites between them.
The Gov’t in the UK is looking to introduce rules and a tax system to legalize the working of the online betting business. With this type of laws in place, online betting activities would be monitored and the business can hope to acquire even bigger penetration in the next few years.