Seven Interesting Facts About Online Gambling

Online gambling is picking up steam day by day. It’s easily accessible through any smart device, gaming choices are limitless and the experience itself is entertaining. With constant growth, the industry’s market size is expected to reach up to USD 127.3 billion by 2027, according to a report by Grand View Research, Inc. Anyone, who is in the right age of course, can swiftly acquire a passion for the gambling world. As a bonus, the topic with its many interesting facts, can be a great conversation keeper. Below are 10 facts about online gambling that you might have not known before.

The biggest online casino win was around USD 24 million

The world record online slot machine win was captured in 2013 by a Finnish man in his 40s. With only a 25-cent bet on the Mega Fortune progressive jackpot game at Scandinavian betting company PAF, the lucky-handed man won €17,861,800 (around $24 million). This is considered to be the largest online casino jackpot win ever.

Around 26% of the population gamble

According to research, around 1.6 billion people worldwide gamble and 4.2 billion gambles at least once every year. China and the US are topping the list of gambling profits by country.

The most popular online casino game is Blackjack

Blackjack is the most played game in almost every online casino. It’s a fast-paced card game that is rather easy to learn and fun to play. It is available in many variations and will keep you busy for months on end. 

The very firsts of online gambling

The first online gambling software was created by Microgaming in 1994. 

The first real money casino available for online players was by InterCasino in 1996.

The first online sportsbook was introduced by Intertops. 

Cryptocurrency is increasingly being used in online gambling

The usage of cryptocurrency as a payment method is neither officially allowed nor explicitly prohibited. Some casinos have already integrated the option for players to easily exchange their currency. The benefits of using cryptocurrency are its security, privacy, speed, and having no additional fees.

Institutions that use loopholes to operate

In some countries, there are federal laws against online casino games and poker. This has not stopped institutions from pursuing the gambling world as most have found a loophole. The prohibition forbids gambling businesses to take money from players and as a result, companies are using foreign third-party payment processors to pass through the money. This, as you can imagine, is not an ideal way of handling the situation and may have serious consequences.

AI plays a big role in the online casino industry

Artificial Intelligence is widely used in the casino industry for the purpose of faster progress and efficiency, beneficial for casinos as well as players. AI collects data from all players, which improves their experience to be more personal as well as secure. This makes favorite games, recommendations, promotional offers, etc easier to access.

“A dollar won is twice as sweet as a dollar earned.” Paul Newman

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