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DUBLIN--( BUSINESS WIRE )--The "Analyzing the Global Online Gambling Industry 2018" report has been added to ResearchAndMarkets.com's offering. The global online gambling industry is one of the biggest and most rapidly expanding market at the moment. Online gambling has proven to be the biggest phenomenon in recent years. The games that dominate are wagering, casino and poker. It is becoming ever popular and its growth is greatly driven by factors such as internet penetration. Countries still deal differently with online gambling, with legislations ranging between prohibitions to letting online gambling take place on the grey markets, to monopoly licenses for online gambling providers to entirely open markets. About 51% of the world's population takes part in some form of gambling every year, thus signifying obvious financial benefits from online gambling websites. With the expansion of the online gambling industry, players have come to expect only the highest quality of online gambling facilities. New features and regular system updates are needed to maintain the websites to stay ahead in the market.
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The enthusiasm of casinos to apply for sports betting licenses doesn’t mean that the high taxes are workable for them. If the experience of regulated sports betting in Europe is a guide, then the short-term future doesn’t look good. After five years of regulated sports betting in France, only three sports betting operators had managed to make a profit in any quarter. France has taxes that are roughly at the same level as Pennsylvania. In France, around 40 percent of sports bettors ignore the nationally regulated sites to play at unregulated sites which offer better odds. In Portugal, which has taxes set at 16 percent of sports betting handle, the figure is even worse.
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