about the current state of online gambling
Unfortunately there have been many misconceptions
about what is happening in the Internet gambling industry. We
hope to clear three of the big ones with this short article.
Misconception: The US online
gambling market is shrinking.
Lets face it folks, this is a
very immature look on the current events. The
gambling market in the United States is not
shrinking, if anything, it is expanding. The lack of supply to
that market is what is shrinking. The players in the U.S. are
still there, still eager to play at the
casino or sit at the
poker room. But the online casinos and poker
rooms are the ones who are leaving the market. So, as long as
there are companies providing the service - the market is there,
and it is full blown. "The Internet" gets more and more popular
each day, and it is normal that more and more people will turn
to it as the new form of the old entertainment -
gambling, games, music, video, etc. is drawing
more and more towards the Internet as the preferred form of
delivery. The U.S. gambling market is still there, and it will
be there for a long time.
Misconception: Europe is
the new "Mecca" for online gambling
I am sorry but it's not. There
are exactly 3 countries that could be seen as major in the
e-gambling industry and they are: the United Kingdom, France and
Germany. And France and Germany have been really trying to
follow the steps of the US Government and ban online gambling
(which is already a fact in some German states), so they are
quite a risky markets to be undertaken - in those countries it
is better to assume that online gambling will be banned before
it gets legalized. And the U.K. is so flooded with online
gambling, there is hardly any room for newcomers, and let's not
forget the fact that they have to compete with companies who
have a long time established land-based presence. The rest of
the European countries are not very prospective markets at all,
besides for betting on soccer.
This misconception is usually asserted by online gambling
programs which were forced to leave the U.S. market and are
really just trying to survive.
Misconception: Asia is a
Another one brought to you by
the casinos who left the U.S. scene. From the countries in Asia,
Japan is the only one which at presence could be considered a
market, although a very undeveloped and overrated one. I don't
see the Chinese gambling online any time soon, nor the rest of
the countries in the region. This is probably a good place to
bring up the point that it is very wrong to judge the potential
of an online gambling market by the state of the offline one.
knows something about the future of the U.S. internet gambling
Nobody knows anything.
Whatever has been said - it is all pure speculations. There are
a few things which are sure, though. One is that the online
gambling companies, which continued to service players from the
United States after the UIGEA are not afraid of prosecution, and
the ones who are leaving right now do it not from a legal point,
but for the simple fact that they have no means of
processing the financial transactions from the U.S. based
players. The other sure thing is that there always be a website
players and bettors from the USA. More
companies leave the USA, the bigger the piece of pie for the
ones staying. The question is what clever method they will use
to help people deposit and withdraw their money.