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Development of Gambling in the United Kingdom and Worldwide

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While gambling today means logging onto the internet and navigating to your favourite wagering website for a lot of players, it has taken centuries for this pastime to come to this point. The history of gambling is very rich and is an interesting topic to study.

So, gambling has now become a big part of countries like the United States and England, but how did it actually start and evolve into its current form? Let’s take a look at the evolution of gambling in the United Kingdom to shed some light on this culture.

History of Gambling in the UK

Today, gambling isn’t what it was like during the middle ages in the UK. Today, you can easily open a web browser and check out a review for the Yukon Gold casino NZ or another one before deciding which titles to play. But back then, it took more effort to gamble. It was mostly the nobles of the society who would place wagers on activities like chess, horse races, and cockfighting. However, this pastime was also practiced by the commoners of the time. They would sit around in pubs and place bets on various activities. This pastime was developing so rapidly that in 1190, King Richard actually introduced legislation for the regulation of wagering in Great Britain.

Those belonging to the rich class could gamble up to 20 shillings per day. At the start, only the rich could wager on the earliest recorded races. However, with time, the societal balances started to change and more people started taking part in this pastime.

Regulations Over Time

While gambling was legal under certain regulations, the government was worried that it would come in the way of military training. In 1541, the Unlawful Games Act was introduced which made gambling illegal. It wasn’t until an Act was introduced in 1845 that ‘games of skill’ were made legal and other regulations were introduced regarding gambling contracts. Over time, physical betting establishments were created and popularized, even though the laws were changed many times in the coming years. In 1960, another Act was introduced which finally made private betting establishments legal.

Gambling Today in the United Kingdom

The country established the Gambling Act 2005 that was tasked with controlling different forms of the pastime. The UK Gambling Commission was also created as part of this Act. The Commission, to this day, provides licenses to physical casinos and platforms on the internet. It also protects children from being exploited and ensures that all forms of gambling are done fairly, among other things. It also helps keep an eye on those running the risk of developing an addiction to keep them safe.

Web-based Casinos

In recent years, we have seen a massive rise in the number of web-based platforms that make it accessible and easy for everyone to gamble. The growth of this industry has not been seen only in Britain but also internationally. If you read some reviews of the best online casinos on CasinoTop, you will see just how many options are available today. Wagering on everything from poker to various live sporting events is possible from the comfort of one’s home. Britain’s online gambling market is on an upwards trajectory and is likely to keep growing in the coming years.

Gambling on a Global Scale

The gambling global market report shows a jump to $516.03 billion in 2021 from $465.76 billion in the previous year. This major increase in gross gambling yield, in part, is due to the companies coming back from the restrictive containment measures involving remote working and social distancing, among others, due to COVID-19. Various governments making travel easy have also played a part in this increase. By the year 2025, the gambling market report suggests that it will reach $674.7 billion. This compound annual growth rate makes it pretty clear just how much gross gambling yield is increasing.

As you can see, that is a massive number. The evolution of this pastime on an international level has been so rapid in recent decades that it has become a legitimate industry. Within the international gaming industry, Asia Pacific had the biggest share of 38% while North America accounted for 29% of the total market share. This pastime is popular globally, not just in Las Vegas as some would believe.

One of the factors for such popularity of this market is the development of web-based platforms. With the online gambling market, such activities have become much more accessible even for those who are very casual bettors. There are so many types of online casino games that everyone can find something to play. Another factor that has developed and led to the boost in global gambling is that of branded slots. These titles attract new gamers into the space because of different characters that are familiar and storylines that are engaging. They follow popular themes from movies, novels, and TV shows, generating a lot more interest. These slots feel more like video games too, hence making the online gambling market feel more natural for video gamers.

Conclusion

As you can see, the British gambling industry has grown to what it is today over a very long period of time. Much like how gambling has grown all around the world, it has taken much trial and error for this pastime to be accepted in Britain on a national scale. Despite the recent containment measures involving social distancing causing a slight dip in the scales, the global gambling market remains constantly growing thanks to aspects like accessible sports betting, remote gambling on web-based sites, and online gaming in general.

Today, it is not just the United Kingdom Gambling Commission regulating such activities but a lot of other regulatory bodies have also been developed. It is exciting to see this market exploding in such a way especially for the players who prefer playing for money online rather than visiting betting shops or scratching national lottery tickets.

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