In recent years, online gambling has seen a huge boost in popularity and particularly in the United States. According to recent studies by Playtech, the global online gambling industry is expected to be worth a total of $565 billion by 2025 and is expected to grow by more than 10% every year.
In the US, this growth in online gambling has been fuelled by the recent law change in which the Gaming Act in place was expanded in 2017 to allow individual states to have more control over their own gambling laws. However, apart from a law change, there have been many other factors involved that have fuelled the online gambling scene recently.
Below, we’ll take a look at why online gambling in Pennsylvania has become so popular in recent years.
Why is online gambling more popular than real life casinos?
According to research they conducted in Pennsylvania, online gambling has been far more popular than visiting a real life brick and mortar casino in Pennsylvania and with good reason. Pennsylvania is home to 12 brick and mortar casinos which are frequented by people throughout the state, yet as online gambling restrictions were reduced in 2017, playing online has been the most prominent option.
Below, we’ll take a look at some of the factors that make online gambling more popular.
More game options
While land based casinos are limited as to what games they can offer by the amount of physical space in the casino and the amount of staff on hand to run the games, online casinos do not face the same restrictions. Online casinos can provide a huge variety of favorite casino games, from blackjack to roulette, poker, online slots and much more.
In addition, as one of the top industries for adapting to the digital revolution and taking up the latest technologies, online casino games are hugely innovative and offer a more interactive element than traditional casino games do.
More bonuses and promotions
Thanks to the sheer volume of players at online casinos, there are more cash resources available to offer larger bonuses and promotions to players. In addition, online casino jackpots are usually much higher than land based casino games.
However, one of the main reasons there are so many bonuses and promotions on offer is due to competition between online providers. As there are so many online casinos saturating the market now, providers need to find new and innovative ways to attract and retain customers against their competition.
As such, there are a huge number of bonuses and promotions available, particularly to new players. Such promotions often include no deposit games so that new players can explore a site without having to commit and deposit any money into an account, free spins, bonus games and much more.
As a result, a consumer’s money tends to go a lot further when playing at an online casino too.
More ways to pay
While in a land based casino, players are limited to traditional payment methods, online casinos offer a variety of convenient ways to pay. Some of the most popular payments include:
● E-wallets – E-wallets like Venmo and PayPal are becoming much more popular in recent years, offering a safe and convenient method for consumers to pay online.
● Visa – While Visa is one of the most traditional options, they offer a significant amount of online safety and reliability. The only downside is large currency conversion fees if you are playing with an offshore provider.
● Cryptocurrency- As cryptocurrencies operate on blockchain technology and are not regulated by a central banking authority, they are usually much faster to process than more traditional payment methods and also offer players more safety and anonymity as it is harder to track transactions.
● Phone payments – As mobile gaming has become more popular, the likes of Apple and Google Pay on a phone or tablet have become an incredibly convenient way to make small payments. Just keep in mind that this payment method is not suitable for larger transactions.
Sports betting in Pennsylvania
Pennsylvania has a long history of being into sports, with the first horse racing track being opened back in 1963. However, in 2010 there was a big change that fuelled the industry when lawmakers enabled providers to offer table games like blackjack and craps in venues too.
Pennsylvania casinos are broken down into four categories, with racinos being one of the most popular options for residents of the state. There are currently 7 operating racinos in Pennsylvania, in which players can enjoy sports betting and casino games alike, while wagering on horse racing.
Besides horse racing, residents of Pennsylvania are into a number of other sports, with golf, football and baseball being the most popular sports. Thanks to new flexible laws, residents now have a huge range of opportunities to place their sports bets online, making it easier than ever to participate, no matter where you are or what time it is.
Overall, law changes in recent years have fueled the online casino industry in the US. As for Pennsylvania, as a state that’s heavily into sports, it’s never been a better time to get into sports betting and online casino games, whether that’s from the comfort of your own home or out and about in just about anywhere you can think of.