The Growth of Online Gambling

Online Gambling is a growing industry that provides individuals with the opportunity to gamble on casino games, sports wagering, fantasy sports, online lottery tickets and keno via their computers, laptops, tablets or mobile devices. While online gambling can be an exciting and lucrative endeavor, it comes with its fair share of risks. For instance, excessive online gambling can lead to serious financial losses, a rise in debt and emotional distress. In addition, it can lead to addiction and cause harm to relationships. It is therefore important for individuals to stay aware of the signs and symptoms of online gambling addiction and seek help when necessary.

The growth of online gambling is being driven by a number of factors. Increasing internet coverage and the development of cheap mobile devices are enabling individuals to access and use gambling sites. Additionally, the introduction of new payment methods is making it easier for people to deposit and withdraw money.

The increase in the availability of online gambling services has also contributed to an increase in the average number of accounts held by those who gamble online. This is particularly evident among those who are more likely to gamble at home, where the number of accounts has risen from 2.7 in 2020 to 3.2 in 2021. It is also worth noting that the number of people who say they have gambled at work (down 4 percentage points in 2020) and while commuting (down 2 percentage points in the same period) has remained relatively steady, reflecting the fact that online gambling can be undertaken while on the go.