A bulky number of observers will speculate with blind eyes that US is the biggest hub of internet gambling, unfortunately, they are incorrect. Many industry experts have revealed that European nations have catapulted US in the internet gambling market. At present Europe is showing a staggering growth in the internet gambling. According to the survey conducted in 2009, the online gambling operators in Europe reported a 44.9% increase in total gaming revenues. In 2011, the internet gambling across Europe and especially in the UK has shown a steady and healthy rise. Therefore, the continent Europe surely appears to be the 'Best Emerging Market' in 2012 in the zone of online gambling.
As there are several reasons behind the popularity of online gambling in Europe but one of the main reasons for the expansion of this industry, is Europe's acceptance of gambling as a legitimate entertainment option. This is because most countries in Europe have a long and rich history of legal gambling. Due to the growing popularity of internet gambling, the European Union states are liberalizing their internet gaming laws. Finding these games as an element of joy and not an element of risk, the European Union states are moving in the direction of regulation instead of prohibition. At present in the entire Europe, the UK Bingo has the honor of regulating world's largest internet gaming market and internet bingo is the largest sector of the British internet gaming industry.
Some of Statistics has revealed scintillating figures of how internet gambling in Europe is rocking the entire planet. Below are some of those which are worth penning, such as:
• The experts have speculated that the totals the European gaming industry will be touching €90 billion by the end of year 2012 as compared to 2009 which was €82. This shows that Europe will account for a mind boggling 30% of the gaming market share by the end of 2012.
• By the end of the current year, the licensed gambling in the UK, including online bingo is expected to reach €10.0 billion mark.
• It has been approximately calculated that in Italy licensed gaming will reach €21.3 billion by the end of the year.
• It has been predicted by the experts that licensed internet gaming in France will hit €9.8 billion by year's end.
• Despite market crash and high unemployment, licensed Spanish gambling may generate more than €10.2 billion by year's end.
Recently the parliamentary commission of South Africa recommended online gambling commission. They have considered with an open heart that internet gambling is now a fact of life, and so it's time to benefit the nation in terms of jobs & tax revenues. If the United States starts legalization of internet gambling state by state, then it is a surety that European gaming market will easily outshine the US market and by targeting European gamblers they will generate more revenues for gaming operators. This is a warning bell to internet gambling industry in US, but in this cat and mouse race, the players will win!
As there are several reasons behind the popularity of online gambling in Europe but one of the main reasons for the expansion of this industry, is Europe's acceptance of gambling as a legitimate entertainment option. This is because most countries in Europe have a long and rich history of legal gambling. Due to the growing popularity of internet gambling, the European Union states are liberalizing their internet gaming laws. Finding these games as an element of joy and not an element of risk, the European Union states are moving in the direction of regulation instead of prohibition. At present in the entire Europe, the UK Bingo has the honor of regulating world's largest internet gaming market and internet bingo is the largest sector of the British internet gaming industry.
Some of Statistics has revealed scintillating figures of how internet gambling in Europe is rocking the entire planet. Below are some of those which are worth penning, such as:
• The experts have speculated that the totals the European gaming industry will be touching €90 billion by the end of year 2012 as compared to 2009 which was €82. This shows that Europe will account for a mind boggling 30% of the gaming market share by the end of 2012.
• By the end of the current year, the licensed gambling in the UK, including online bingo is expected to reach €10.0 billion mark.
• It has been approximately calculated that in Italy licensed gaming will reach €21.3 billion by the end of the year.
• It has been predicted by the experts that licensed internet gaming in France will hit €9.8 billion by year's end.
• Despite market crash and high unemployment, licensed Spanish gambling may generate more than €10.2 billion by year's end.
Recently the parliamentary commission of South Africa recommended online gambling commission. They have considered with an open heart that internet gambling is now a fact of life, and so it's time to benefit the nation in terms of jobs & tax revenues. If the United States starts legalization of internet gambling state by state, then it is a surety that European gaming market will easily outshine the US market and by targeting European gamblers they will generate more revenues for gaming operators. This is a warning bell to internet gambling industry in US, but in this cat and mouse race, the players will win!
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