The mobile revolution in sports and casino has offered new platforms for players in the UK and overseas to gamble, enabling them to take advantage of the country’s low rates and check the FanDuel sportsbook from any part of world.
We saw a rapid rise in mobile gaming in the early 2000s and the current trend seems to have intensified, leading to more players and more money being wagered. As with any form of gambling, the risks and rewards are different for every player. However, with our experience of the industry it is the online game providers who appear to be at the forefront of the new generation of players.
In some ways, online gambling is the same as any other form of gambling, though the nature of the online action is not entirely clear. As with gambling on traditional sites, online operators will seek to appeal to all players, though it appears this is starting to change with operators seeking to cater to the more educated consumer.
Regulators appear to have recognized that there needs to be some measure of regulation of online gambling and this has largely been taken up by the authorities themselves, although with the government having previously shown little interest in gambling regulation, this may not always be the case.
For the government, online gambling has been an attractive way to generate revenue, while the tax revenue generated is being dedicated to helping fund anti-poverty initiatives. The UK government is offering a 5% rebate for everyone who bet online in the UK. This is worth around 23 million per year to the UK gambling industry, compared to around 0.17 million in 2012, which means a loss of 13.7 million in government revenue.
Pricing: online gambling is based on commission, the amount of money you get for the amount you place in. The higher the commission the higher the fees. Generally the higher the commission the cheaper the online betting. Some operators charge a 1% fee, while others have much lower fees. The UK has been slow to take steps towards introducing regulated online gambling. In November 2015, the British Gambling Commission (the UK’s gambling regulator) announced plans to bring in legislation in order to set up a licensing framework for online gambling by 2020. But these plans, announced during the campaign for the 2016 general election, have been delayed until at least 2020.
In the U.S., some states are moving to regulate the online gambling market. Some casinos are choosing to sell online tickets directly to players, avoiding an intermediary.
States that allow online gambling
There are currently five states that allow online gambling.
The full list can be found here, but the states have some striking similarities. All of these states allow both casinos and online ticket sellers to operate. All of these states are divided into two regions, where players can only play one or the other, rather than each being permitted both. The exception to this rule is Nevada, where online casinos are permitted. California, Nevada, New Jersey and Texas are the only states that ban online gaming. Texas is the only state that allows both casino and online ticket sellers. The legality of both casinos and online ticket sellers is highly contested. As of 2015, all states except one have laws that make it illegal to offer more than one online ticket to the same person. California has the most aggressive stance against online ticket sellers. Online ticket sellers who are found selling tickets to the same person will be prosecuted. However, under a bill passed by the Texas legislature in 2013, online ticket sellers are not punishable by criminal penalties if they have not already sold a ticket to that person