The rise in popularity of online gambling comes with a set of rules and regulations to maintain decorum. Since monetary transactions are involved in betting, financial crimes, and fraudulence like terrorist financing and money laundering happen as well.
2021 portrayed multiple money laundering cases across the global casino market draining out massive sums of money. An Australian report showed that over $1 billion is lost by clubs annually.
Thus, in light of this situation, 2022 brought in multiple stringent measures to control such activities. Responsible gambling is also promoted extensively in order to lower gambling harm. The global online betting market size stood at $207 billion in 2021.
In 2020, the market value stood at $178.54 billion due to the Covid-19 pandemic. In 2022, the market is expected to hit $261.8 billion.
The internet offers a wide range of websites that enlists reviews of credible casinos and sports platforms from across the world, which abide by all clauses of responsible gambling and anti-addiction casino norms.
Check this link for more information about BlueBet – an Australian betting website.
Preference For Live Games
One of the latest trends in the gambling market is live gaming which allows punters to interact with dealers and helps in creating a realistic, immersive experience. Punters across the globe can connect together and play live dealer games like blackjack, poker, baccarat, etc.
The global gambling statistics portray that live dealer games occupy 32% of the entire iGaming market.
Also, for sports betting enthusiasts, there are amazing online sites, which provide the latest news and updates from the sports fraternity, which would help gamblers make informed decisions. From World Cup stars Kylian Mbappe to Joao Felix.
Safer Gambling Methods
New safer gambling methods continue to be implemented for shaping the design of online betting experiences. Gambling operators like the UKGC have made identification proofs mandatory for player protection.
The casinos are using 128-bit encryption technologies approved by the National Security Agency to protect player data.
However, certain offshore online casinos operated by Curacao eGaming, Malta gaming association offer hassle-free registration processes free from identification methods. A punter must always check the legality of a casino before gambling.
Many online casinos have also implemented pop-up windows which earn users when they exceed the playing period for a day or so as well as the deposit limits. Others encourage gamblers to set their own deposit limits.
Tips For Gambling Responsibly
A punter must only gamble during leisure hours, in search of some entertainment purpose. The intention of making money out of gambling solely could lead to a major downfall since punters tend to chase losses and end up in massive debts leading to bankruptcy.
Punters must not exceed their limits in terms of gambling hours or funds.
The UKGC constantly promotes safer gambling methods. Self-exclusion schemes like Gamstop have come into play. From the beginning of 2022, 43,500 punters have registered with the program which is 9% more than in the first half of 2021.
On average, 7000 new registrations on Gamstop are recorded every month. There are other self-exclusion schemes available to punters.
- MOSES: The Multi-Operator Self-Exclusion Scheme offers free-of-cost self-exclusion services to punters in the UK. This scheme is intended for brick-and-mortar casinos across the UK.
- SENSE: The Self Enrolment National Self Exclusion scheme is also for land-based casinos in the UK. Punters can directly register at the casino premises or drop an email to info@sensescheme.com
- GamBan: This is also an application designed for blocking online gambling-related content from installed devices across the UK. This is a reliable, affordable, and secure option for coping with gambling addiction.
- BISES: The Bingo Industry Self-Exclusion Scheme is also meant for land-based casinos across the UK. One can register in person or can call them directly.
Conclusion
Safer gambling practices have definitely resulted in lowering the rate of gambling addiction.
The latest statistics in the UK reflect that the rate of gambling addiction as of March 2022 came down to 0.2% from 0.4% in 2021 and from 0.3% in February 2022. This is equivalent to 113,000 problem gamblers from 225,000 in a year.