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The growth of the UK gambling market
Gambling has been an important part of UK culture for hundreds of years and it remains a popular pastime in the UK. However, today’s gambling industry is certainly not the one your father or grandfather knew.
Instead, the gambling industry in the UK has become extremely innovative, competitive and fragmented over the course of the last decade. Keep reading to learn more about how the UK gambling market is performing — and where it is headed next.
The growth of online gambling
Over the course of the last 10 years, one of the areas of the industry which has seen the most growth has been the online betting and gambling market. Overall, gambling has seen something of slight decline in popularity as, according to market reports, the gross gambling yield (GGY) of the UK gambling and betting industry in the UK decreased by roughly £84.1m between April 2018 and March 2020.
However, this decline was mostly limited to brick-and-mortar casinos as during the same period, remote or online gambling actually increased exponentially. From April 2018 until March 2020, remote casino gambling — or online gambling — increased by roughly 4% and remote betting increased by roughly 15.5%. These are hugely significant leaps in popularity and the market actually shows no signs of slowing down for online gambling and betting.
There are now hundreds of different online casinos and gambling platforms for users to choose from, all of which are competing for the attention of UK consumers. In order to stand out in a highly competitive online marketplace, online casinos such as Rizk Casino UK offer gamblers extensive games libraries, competitive registration bonuses and state-of-the-art digital platform technology.
Sports betting dominating the market
It is worth taking a deeper look into the UK gambling and betting industry to better understand the market forces and where the online gambling industry is headed. Sports betting is actually one of the biggest categories of online gambling and it is growing at an exponential rate year on year.
Sports betting on football is particularly popular, dominating roughly 48.4% of the sports betting marketshare. Following football, horse racing and steeplechase events make up about 28% of the sports bets placed in the UK. However, concerns about animal welfare and cruelty linked to both horse- and dog-related events has led many people in the UK to rethink whether or not they want to continue engaging with sports that rely on and profit from animal exploitation and cruelty.
After horses comes a bit of a surprise as tennis makes up 5% of the GGY, dog-related events and races make up 3.1% of the GGY, and golf provides another 0.7% towards the GGY. A further 9.7% of the GGY is contributed by an amalgamation of different sports.
Interestingly, the last 18 months has led to a new sport rising in popularity — virtual sports and events. Many people who never before would have watched or engaged with esports have suddenly found themselves rooting for particular teams or placing bets on a favourite player. The esports industry is still in its infancy, but it is a promising industry that is set to grow exponentially over the coming decade.
Looking across the Atlantic and to the future
A quiet revolution is happening in the United States and many UK gambling companies are taking note. The United States has had an extremely fragmented, conservative approach to online gambling and gambling in brick-and-mortar casinos for decades. Now for the first time ever, legislation is being introduced in many states across America which would liberalise regulations of online and in-person gambling.
In recent times, local, state and federal governments in America and many municipalities have found themselves strained and are now looking for ways to make up for their budgetary shortfalls. However, the introduction of better, more reliable mobile technology and infrastructure has also played a role in the increasing acceptance of online gambling and sports betting.
The United States now presents a massive opportunity to UK gambling companies which already have well-developed online platforms. The industry is about to receive a huge influx of Americans looking for safe, reliable platforms on which to make bets and gamble, and many UK companies will be looking to take on this new challenge.
Regardless of what happens in the United States however, the online gambling industry is set to continue growing in the UK and is expected to grow by more than $80m by 2024.
Blockchain
Kore Digital Mining Ltd Announces Additional 14 PH/s Bitcoin Mining Capacity
Kore Digital Mining Ltd, a UK based Bitcoin mining company, announces that effective 1st May 2024, an additional 14 PH/s mining capacity will be added to its existing infrastructure.
This additional capacity will be provided by a major Bitcoin mining corporation and will be operational until 30th June 2024.
Derek Nisbet, Kore’s Founder & CEO, said – “We are pleased to work with a leading Bitcoin Miner in securing a large amount of mining capacity, for a 2 month trial period. We look forward to hopefully extending this period and engaging more with major mining corporations offering Bitcoin hashing opportunities, in the future.”
This additional 14PH/s Bitcoin mining capacity adds to the existing 2 PH/s currently operational with Kore’s own infrastructure and an additional 4 PH/s is due to be added over the next quarter, totalling 20 PH/s.
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The Benefits of Playing at EU Casinos
There are many EU casinos that not only attract players from Europe itself but also from countries around the world, including the US, UK, and even those from countries where online gambling isn’t permitted. So why is it that EU casinos are so popular? What drives the online gambling community to these casinos?
Well, that’s what we’re going to be looking at today. What’s so attractive about EU casinos to people who are looking for an immersive and entertaining online casino experience? Why do people in the USA, the home of Las Vegas, go outside of the USA to play at online casinos?
Benefits of EU casinos
Online gambling is by far one of the most popular methods of gambling online. Throughout Europe, specific laws in each country can vary, so access to land-based casinos can sometimes be few and far between. Thus, going online to enjoy a casino experience has become a more preferable option. And so why EU casinos? Well, for those who are joining EU casinos from outside Europe and not from the UK or the US, the English-based support and customer service are very attractive. A lot of people who play at EU casinos access it using a VPN or from a country where they don’t have any domestic online casinos, and most of the time English is their first language or one that they can understand.
The next attractive factor regarding EU online casinos is safety and security. Each online casino in the EU is strictly regulated and licensed. It’s this reassurance that a lot of players look for when choosing an online casino to go to and play at. They are held to the same strict and high standards as those of their British counterparts in the UK, which are upheld and monitored by the UK Gambling Commission. In the EU, a lot of the casinos are also regulated by either the Malta Gaming Authority or the Curacao Gaming Licence Authority. All of which share the same standards and expectations as other authorities across theglobe,e which ensures that all players playing online at EU casino websites.
The casinos that are available online in the EU are also very open to a lot of different payment methods. There are even some crypto casinos where you can play casino games online with cryptocurrency. This openness to accepting a lot of different payment methods means a lot to people who like to play at online casinos. The vast majority of them also pride themselves on providing very quick withdrawals, which are measured in hours rather than days. After all, there is nothing more frustrating than having a big win and then having to wait days to get your hard-fought winnings.
And lastly, bonuses and promotions. The vast majority of EU online casinos will have a wide range of different bonuses and promotions that you can sign up for and take advantage of. There are certain countries, such as Sweden, where the online casinos are strictly limited to one bonus or one promotion; however, the vast majority of EU casinos are not subject to such restrictions and offer a great online casino experience.
When it comes to the popularity of EU online casinos, it is growing year on year. There is plenty going in their favour and more people than ever before are shifting to online casinos rather than having to go down to the casino themselves. The fact that they can access these EU casinos from their smartphones, wherever they are, means it’s easier than ever before to win big at a casino online and have a good time.
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William Hill Announced as Official Betting Partner of Qipco Guineas Festival
Leading bookmaker becomes official betting partner of first UK Classic meeting of 2024
William Hill has been announced as the new official betting partner of the Qipco Guineas Festival, the first UK Classic meeting of the season.
It’s the latest addition to William Hill’s spring racing roster, following sponsorship of The Lincoln Handicap at Doncaster, the Punchestown Champion Chase and its status as official betting partner of the Randox Grand National Festival.
The 2,000 and 1,000 Guineas headline the three-day meeting and the leading bookmaker will sponsor 15 races across the weekend with the Jockey Club Stakes, Palace House and Dahlia Stakes among the races now featuring the William Hill title.
Aidan O’Brien’s unbeaten superstar City of Troy is still all the rage for the 2,000 Guineas at 4/6 whereas Karl Burke’s Fallen Angel heads a competitive looking 1,000 Guineas market at 7/2.
“We’re delighted to become the official betting partner of the Qipco Guineas Festival, strengthening our relationship with The Jockey Club on the back of a fantastic Grand National Festival,” a spokesperson for William Hill, Lee Phelps, said. “It’s brilliant for William Hill to be associated directly with such a prestigious event at Newmarket, the home of the thoroughbred, for this season’s first two Classics. The company has a close connection with the history of the 2,000 Guineas as William Hill himself bred the 1949 winner, Nimbus, who then went on to win the Derby.
“We’re excited to be involved at racing’s key meetings and see the Qipco Guineas Festival as the perfect sponsorship as the British flat season kicks into gear.”
Newmarket – 2,000 Guineas: May 4, 2024
City Of Troy | 4/6 |
Rosallion | 4/1 |
Notable Speech | 12/1 |
Henry Longfellow | 12/1 |
Night Raider | 16/1 |
Alyanaabi | 16/1 |
Ancient Wisdom | 16/1 |
Task Force | 16/1 |
Ghostwriter | 16/1 |
Iberian | 20/1 |
BAR | 25/1 |
Newmarket – 1,000 Guineas: May 5, 2024
Fallen Angel | 7/2 |
Ylang Ylang | 4/1 |
Dance Sequence | 5/1 |
Ramatuelle | 10/1 |
See The Fire | 12/1 |
Content | 12/1 |
One Look | 14/1 |
Pretty Crystal | 14/1 |
Buttons | 20/1 |
Purple Lily | 20/1 |
Porta Fortuna | 20/1 |
Star Style | 20/1 |
BAR | 25/1 |
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