While gambling today means connecting to the internet and browsing to your favorite betting site for many players, it has taken centuries for this hobby to come to this point. The history of the game is very rich and is an interesting subject to study.
So, the game has now become an important part of countries like the United States and England, but how did it actually start and evolve into its current form? Let’s take a look at the evolution of gaming in the UK to shed some light on this culture.
History of gambling in the UK
Today the game is not what it was in the Middle Ages in the United Kingdom. Today, you can easily open a web browser and view a notice on the Yukon Gold Casino or another before deciding which titles to play. But back then, it took more effort to play. It was mostly the nobles of society who bet on activities like chess, horse racing and cockfighting. However, this hobby was also practiced by the commoners of the time. They would sit in pubs and bet on various activities. This hobby was developing so rapidly that in 1190 King Richard introduced legislation to regulate betting in Britain.
Those belonging to the wealthy class could gamble for up to 20 shillings a day. Initially, only the rich could bet on the first recorded races. However, over time, the societal balances started to change and more and more people started to practice this hobby.
Settlements over time
While gambling was legal under certain regulations, the government feared it would interfere with military training. In 1541, the Illegal Gambling Act was introduced which made gambling illegal. It was only after the introduction of a law in 1845 that “skill games” were made legal and other regulations were introduced regarding gambling contracts. Over time, establishments physical betting was created and popularized, although the laws were changed several times in the years to come. In 1960 another law was introduced which ultimately legalized private betting establishments.
Gambling today in the UK
The country established the Gambling Act 2005 which was made responsible for controlling various forms of pastime. The UK Gambling Commission was also created under this law. The Commission, to date, provides licenses to physical casinos and internet platforms. It also protects children from exploitation and ensures, among other things, that all forms of play are played fairly. It also helps keep an eye out for those at risk of develop an addiction to keep them safe.
Over the past few years, we have seen a massive increase in the number of web platforms that make gaming accessible and easy for everyone. The growth of this industry has not been observed only in Great Britain, but also internationally. If you read some reviews of the best online casinos on CasinoTop, you will see how many options are available today. Betting on everything from poker to various live sporting events is possible from the comfort of your own home. The UK online gambling market is on an upward trajectory and is expected to continue to grow in the years to come.
The global gaming market report shows a jump to $ 516.03 billion in 2021 from $ 465.75 billion the year before. This major increase in gross gaming performance is in part due to the return of businesses from restrictive containment measures involving remote working and social distancing, among other things, due to COVID-19. Various governments facilitating travel have also played a role in this increase. By 2025, the gaming market report suggests it will reach $ 674.7 billion. This compound annual growth rate shows quite clearly how much the gross return on the game is increasing.
As you can see, this is a huge number. The evolution of this hobby internationally has been so rapid over the past decades that it has become a legitimate industry. Within the international gaming industry, Asia-Pacific held the largest 38% share while North America accounted for 29% of the total market share. This pastime is popular all over the world, not just in Las Vegas as some might think.
One of the factors behind the popularity of this market is the development of web platforms. With the online gambling market, these activities have become much more accessible, even for those who are very casual gamblers. There are so many types of online casino games that everyone can find something to play. Another factor that has developed and led to the rise of global gambling is that of branded slot machines. These titles attract new players to the space due to different familiar characters and engaging storylines. They follow popular themes from movies, novels and TV shows, generating much more interest. These slot machines are more like video games which makes the online gambling market more natural for video players.
As you can see the UK gaming industry has grown into what it is today over a very long period of time. Much like the growth of the game around the world, it took a lot of trial and error for this hobby to gain acceptance in Britain nationally. Despite the recent containment measures involving social distancing causing a slight drop in the scales, the global gambling market remains in constant growth thanks to aspects such as accessible sports betting, remote gambling on sites. Web and online games in general.
Today, it is not only the UK Gambling Commission that regulates these activities, but many other regulatory bodies have developed as well. It is exciting to see this market explode in this way, especially for players who prefer to play for real money online rather than visiting betting shops or scratching national lottery tickets.