Growth in the Online Gambling and Betting Market Is Attributed To the Increasing Legalization of Gambling and Betting
In October 1994, the first online gambling venue opened to the general public, was ticketing for the Liechtenstein International Lottery. Online gambling, is typically betting on casino or sports type games over the Internet. This includes casinos, virtual poker, and sports betting. Operators provide gambling and betting games such as bingo, casino, poker, lottery, and sports betting through digital platform. Fantasy league gaming platforms such as Sideline Software, Inc., Fleaflicker, CBS Interactive, and NFL Enterprises LLC offer service for online betting on sports such as football, cricket, and horse riding, among others. Over the years, the concept of online gambling and betting has not only caught on, but accounts for more than a quarter of the entire gambling market. The growth of the online gambling and betting market is majorly attributed to increasing use of internet and increasing population across the globe. According to DataReportal, around 4.72 billion people around