21st century is the age of technology and no industry is untouched by its impact. The entertainment industry is no exception and online gambling is a befitting example for the same. The adrenaline rush that one experiences when he or she is gambling, is now available at the clicks of a few buttons or your fingertips, on your smartphone. The first portal for online Judi Slot Terpercaya (trusted slot gambling) was the Liechtenstein International Lottery in the form of ticketing in 1994. The rapid increase in internet penetration in the past few years has only opened new avenues for online gambling and helped the new industry grow. Gambling has always been a favorite part of the day for the gamblers. The emergence of technology has turned the Casinos into online casinos allowing Gamblers to play these gambling games in an online platform with more efficiency as well as ease. Let us discuss it in details.
The SLOT online gambling industry is valued at a whopping USD 53.7 billion as of 2019, with a projected CAGR of 11.5% for the period from 2020 to 2027. The present global scenario of the pandemic COVID-19 has only added to the customer base for these online gambling portals since a large number of casinos have taken a hit due to lockdowns and government restrictions around the world. Consequently, large casino chains are in the works to enter the SLOT Indonesia online gambling arena and make up for their losses as well as cash in on a lucrative business opportunity. The major forms of online gambling include poker, casino, sports betting, horserace betting, lottery, et cetera. Out of these, the major piece of the pie goes to sports betting.
Even though SLOT Asia online gambling happens to be a very rewarding business option at this point, there is still a lot of apprehension and distrust amongst the customers due to the risks involved. A lot of customers have complained about the delayed payout of winnings, lack of customer support, and even confiscated winnings without a valid explanation. All of these downsides hence call for a strong, yet flexible regulatory framework for the online gambling environment. The governments can also benefit from this regulatory framework by suitably taxing the parties that stand to gain from gambling and hence generating another stream of tax revenue.