Is it possible to Win a Gorgeous Car in Gambling?

January 1st, 2020 | Comments Closed | Blog

The cars have changed almost as much as gambling has. Too little. 100 year ago, the car arrived and changed the transportation industry. However, nothing really changed after that. This is despite the fact that the cars look good and the extra features they have added to the cars to make them less expensive. This is the same situation with online gambling. Gambling methods may have changed but the actual function is still very similar.

New inventions in the energy sector also have an impact on the automotive industry. There is a good chance that the next generation of cars could use renewable energy instead of gasoline. But despite all these changes, the car is still transporting people from one place to another using the roads. Just as people are still betting on horses, cards, and dice at sites like the top casinos. The only difference is that you can now bet freely thanks to online gambling and technology.

Why has Europe’s Gambling Income Increased?

The European Gambling and Betting Association (EGBA) and H2 Gambling Capital have published a preliminary report of Europe’s earnings from the Gam industry. According to the data presented, the region’s income from this type of activity increased by 7.5% to 87.2 billion euros at the end of 2021. However, in general, income from gambling decreased by 13% compared to 2019, as restrictions on the operation of many land-based institutions remain due to the COVID-19 pandemic.

It is expected that the development of European gambling on the Internet will accelerate due to the massive restrictions that are being reintroduced in many countries. Therefore, gaming enthusiasts switched from the real to online casinos and invaded such websites as Vavada, 1xSlots, and other reputable platforms. By the way, you can find more reviews of top casinos by following the link. However, the industry’s gross income is projected to grow by 9% each year. The European market will reach its peak in 2026 with an increase of 41%.

Development opportunities

“The growth trend of the European gambling market continues, but significant opportunities remain for the development of this business in France, Germany, Italy, and Spain, where the share of online betting in the total sector is small. This raises a responsibility to ensure proper regulation. It is encouraging that operators continue to use the latest technology to promote a sustainable entertainment culture,” said EGBA General Secretary Martin Hayer.

Another trend that is expected to explode is the use of mobile devices for online gaming. It is noteworthy that the share of such entertainment this year for the first time will make up the majority of bets in Europe. It is expected that by 2026 the use of mobile devices in the gaming business will reach 61.5%.

Online gambling in Europe: where can you legally play?

Nowadays, there is no sectoral legislation in the EU. This means that all countries are autonomous in how they organize their business within the basic rules established by the Treaty on the Functioning of the European Union. In most EU countries, it is allowed to conduct at least several types of online gaming. Some countries allow all games, while others only legalize certain types, such as sports betting or poker.

Also, some European jurisdictions have established monopolistic regimes offering online gaming services. They are controlled by a public or private operator on an exclusive basis. However, an increasing number of EU countries are establishing licensing systems that allow more than one operator to offer services on the market. According to EU legislation, no one system has an advantage over others. Below, we will look at the functioning of the casino industry in several European countries and determine where you can and cannot play online.

• Denmark

Online casinos were legalized in Denmark in 2012. Since then, Danes can gamble from their homes without fear of legal punishment. However, the authorities established that only sites licensed within the country are legal. Therefore, when looking for online casinos in Denmark, you should select only those that have received the approval of the country’s regulatory authorities.

• Germany

According to the German Interstate Gambling Treaty, which came into force in 2008, all forms of online gaming and betting, except for horse racing, are prohibited. In this regard, the European Association for Gambling and Betting has filed an appeal with the European Commission with a request to take special measures against Germany, since such strict legislation violates the rules of the European Union. As a result, the only federal state that has already developed its bill to allow online casinos is Schleswig-Holstein. Since 2012, casino operators can apply for a license there.

• France

In general, gambling in France is legal. The first steps towards legalizing online gaming in the country were made in 2005 when the European Commission began to investigate the situation in the French gaming market. In 2007, the Commission demanded amendments to the existing law, as a result of which, in 2009, the French government introduced a bill that partially opened the gambling market for operators from other EU countries. On May 13, 2010, France legalized online gambling, which is controlled by ARJEL. Currently, French law allows 3 types of activities – sports betting, horse racing, and poker.

In Conclusion

According to the latest figures from the European Gambling and Betting Association, online gambling is one of the fastest-growing sectors of the European economy. Since this industry is extremely profitable, online gaming has been legalized in most European countries like Denmark, France, and certain areas of Germany. Therefore, we can expect an overall increase in the European gambling market gross revenue, as predicted at the beginning of the article. Do you agree with the given forecasts? Share your opinion with us in the comments.