How Online Casinos Revolutionalized the Gambling Industry

While almost every part of the business world has seen huge changes over the last couple of decades thanks to the internet, if there's one industry that's been affected in a massive way it's the gambling industry. In this article, we're going to look at how the internet has made a massive impact and lead to billions in profits and thousands of new jobs. While the United States has been slower to adopt online gambling in a big way, this is slowly changing as Federal legislation loosens up barriers to online gambling firms.

You've probably already seen adverts for sites offering incentives to gamble like free spins or a roulette bonus when signing up. These might not have made you stop and think too much, but they're actually a massive part of the gambling industry and have helped make online casinos a huge international industry.

You might not know any different to the current casino climate, but let's have a look at how things were before so you can see how much things have changed.

Before the online gambling boom

If you wanted to gamble before the internet made big changes, your options were severely limited. Places like Las Vegas still existed, but what if you didn't live near a city like that and couldn't afford to visit? While there were still some local casinos, this would depend a lot on local laws and regulations, and options for most normal people were severely limited.

This sometimes meant that the only ways to gamble were illegally or with unregulated card rooms or bookmakers. As you can probably imagine, these weren't the safest places to gamble, both physically and financially. Because they weren't regulated, they weren't audited or proven to be fair. You'd have no comeback if you lost money.

So unless you live near a rare casino, your options were limited. Then the internet arrived and made big changes.

The online gambling boom

The internet helped gambling companies go mainstream and be able to enter almost everyone's homes. Gambling suddenly became convenient, safe and competitive. Most of the sites that stuck around were regulated and licensed in official locations. This means they were audited and their games were checked for fairness.

Options for the consumer went up massively. This helped them make better choices on where to spend their money rather than being forced into one shady operation. This meant you could enjoy bonuses at a range of different casinos and have more choice over where you put your money.

The future of online gambling

Some authorities are worrying that the gambling boom has gone too far. They might start to limit advertising or other offers soon. However, the online gambling industry is here to stay, and is still expanding into new markets. This has lead to thousands more jobs and other economic benefits for places that allow it. The future of online gambling is still uncertain, but you have far more options to gamble today than you did before the internet.

This article does not necessarily reflect the opinions of the editors or management of EconoTimes.