Findings from the UK Gambling Commission (UKGC) have discovered that remote, online gambling, including games, bingo apps and casino betting, made up 38.8% (£5.6 billion) the market share for the national gambling revenue. This figure overtook both the offline, bricks-and-mortar casinos (7.4%) and the National Lottery (20.6%).
To say the least, online casinos are an incredibly lucrative area within the UK’s gambling industry, enabling users access to their favourite casino games from anywhere. As technology continues to advance at a rapid rate, so too does this accessibility, and thereby the popularity of online gambling.
The advancements in payment technology and fintech are just one of the many ways the tech sector is changing the UK’s online casino industry. The gambling sector in general has been known for its accommodative range of accepted payment methods; now having introduced such processes as Skrill and Neteller in addition to the typical bank transfers and PayPal methods.
As the fintech world continues to rise, so too do online features helping users to better manage their money. These features could help casino users with their money management whilst playing, and could potentially help those online to become more aware of the money they spend on these games, and when the appropriate time is to stop.
Some of the more recent advancements in technology have also had a considerable impact on the way UK online casinos operate. This year’s introduction of 5G technology has enabled greater accessibility to online casinos, helping them to improve upon their live versions of games such as online roulette, the user being able to watch the dealer as their game is played.
With 5G improving the connecting speed for online casinos, this helps the online sector to generate a more immersive, and therefore improved experience for its users. It helps to provide the atmospheric benefits that come with traditional, offline casinos alongside the benefits of playing remotely.
Online casinos have benefitted greatly from these recent advancements in technology, helping users to operate casinos, and the online world in general, in a safer, more connected way than ever.