CASINOS aren’t a new concept. In fact, as history would have it, casinos have been in existence since the 17th century. But still, there are a lot of things that most people don’t understand about casinos. And with the adoption of online casinos, it’s even more challenging for those who are just getting started.
The traditional brick and mortar casinos often have people willing to show a newbie around – but the same cannot be said for the online casinos. One has to learn the ropes by themselves, which can prove tricky at times. So we have put together some of the frequently asked questions about UK online casinos to help address the most common questions that newbies ask.
Is it legal to gamble in the UK?
Online gambling is legal and monitored in the UK by the Gambling Commission, which was created by the Gambling Act 2005. Lottery-style games, Bingo, casino games, and sports betting are all under the Gambling Commission’s purview. All casinos and betting sites need to obtain a license from the commission before setting business. This is an awesome thing because gamers get a range of safe and licensed casinos to choose from. The UK government doesn’t criminalize online gambling but nurtures a safe environment that protects both operators and players.
Is it possible to win real money?
One of the most common concerns that newbie players have is whether they will make real money playing online casino games in the UK. And this makes sense, considering all the scam news that makes rounds on the internet. But it is possible to win real money playing online casino games. You would need good skills, luck and to find a reputable casino that has a record of paying its players. NetBet UK is a good example of such casinos. But there are also other options worth exploiting.
Can online casinos be trusted?
A recent survey of 170 online players revealed that about 8% of online gamblers don’t trust online casinos. They either never believed the casino industry was trustworthy from the start or had lost faith in casino sites. Many participants think online casinos are unregulated and can’t, therefore, be trusted. But the reality is that most casinos in the UK are regulated. The players must do their due diligence before signing up with any casino to avoid running into scams.
What are the available deposit and withdrawal options?
Reputable casinos provide a wide range of depositing and withdrawal options. You’ll find online wallet options like PayPal, Neteller, or Skrill, as well as a wire transfer option. But the most popular choice is a credit or debit card. Since player’s needs vary, it is essential for one to find a casino whose depositing and withdrawal options match their preferences.
How does one withdraw their winnings?
Players can withdraw their winnings by visiting the cashier, selecting their cash-out option and the amount they wish to receive. Once a player submits their request, an agent will confirm it, and the winnings are disbursed.
Do banking laws affect depositing or withdrawing at an online casino?
Players aren’t subject to any laws that make it unsafe or illegal to sign up with an online casino. Online gambling is legal and regulated in the UK, so players aren’t breaking any laws gambling. Once one has an account, they can deposit and withdraw as they please without fear of consequences.
What’s the state of gambling in the UK in 2021?
UK’s gambling industry grew steadily from roughly 8.4 billion to 14.4 billion British pounds from 2011 to 2018. However, the growth quickly came to a halt following the onset of the pandemic. According to Statista’s Gambling Statistics and Facts, the Gross Gambling Yield (GGY) in the UK has been decreasing in the past three years. The industry generated a GGY of 14.22 billion BP from April 2019 to March 2020, a drop from the previous year’s billion 14.31 billion BP.
In Great Britain, this can be noted in the decrease in GGY of the Bingo, casino, and betting sectors. Online gambling contributed the highest yield over the period 2019-2020.