There is no question that the Internet is a growing industry. According to a recent research by Research & Markets, the online gambling industry will be worth $92.9 billion by 2023, with a compound annual growth rate of 11.6%. With so many new players, regulations are likely to be necessary. However, in the meantime, rogue operators are still operating. The good news is that the laws governing online gambling are being formulated.
The problem with online gambling is that it is hard to resist. Different types of gamblers are highly addicted to the game, and some lose interest after a while. Other gamblers may get emotionally and financially depressed, unable to perform basic tasks or meet social responsibilities. This can cause a serious problem for people who cannot afford to stop gambling and may need help to deal with it. Unfortunately, most online gambling sites are not equipped to provide help for those who develop a gambling addiction.
While online casinos are extremely popular, consumer protection laws have lagged behind the expansion of the industry. Many online casinos operate without the necessary licenses and regulation, making them a dangerous place to stake money. However, the benefits of online gambling are so compelling that many people are willing to give it a try. The key is to do your research to make sure you find a safe and reliable place to play. It is crucial to choose an online casino that is licensed by the gambling regulators in your jurisdiction.