The internet betting business in the UK has doubled in 5 years, with in excess of one million punters regularly betting via the net. According to a poll conducted by the Dept. of Culture, Media and Sport, UK bettors make up about 1/3rd of the Old World’s estimated total of 3 300 000 internet gamblers.
The typical cash figure bet by every bettor is approximated at one thousand pounds, with the European sector now worth £3 500 000 000 annually.
Amongst the seventy internet betting sites in the UK, none are gaming websites promoting card games such as poker and blackjack. A majority of the world’s 2,000 net wagering sites are stationed in locations with questionable internet gambling regulations. Antigua and Costa Rica are responsible for for more than one thousand sites between them.
The Gov’t in the UK is hoping to introduce rules and a tax system to streamline the functioning of the internet wagering industry. With this type of regulatory framework in place, net wagering activities would be monitored and the business can hope to achieve even bigger heights in the in the years to come.