The Status of global Gaming and gambling industry?
The International Association of Gaming Regulators (IAGR) body is responsible for bringing together gambling representatives from major betting hubs such as the USA, Europe, Asia, Africa, and the UK. According to USGamblingSites.com, the main role of the IAGR is to promote responsible gambling throughout the world. IAGR provides a forum where gaming regulators from major gambling hubs meet to exchange ideas and discuss efficiency around gambling regulation. According to one of the pointers of the IAGR, there is no better way to advance effectiveness and efficiency in global gambling than through creating a central global platform for governments, regulatory agency representatives, and gaming representatives. They converge here to tackle emerging issues and address the gambling industry news from all around the world.
Gambling Laws Worldwide
Global gambling laws vary from one jurisdiction to another. However, the best way to differentiate them is by classifying countries in various major gambling hubs. You can also opt to sort the legislations in different categories: countries where both land-based casino and online gambling is illegal, those where both land-based and online is legal and regulated, and those where casinos and sports for both land-based and online are partly regulated. However, the latter is quite tedious because of the many variations in countries where gambling is entirely unregulated. The problem is that in such jurisdiction, punters still have access to offshore sportsbooks, which implies that it is unclear if they can be arrested and prosecuted now that there are no regulations.
Let us instead take the approach of dividing the world into major gambling hubs to make it easier for the analysis of global gambling laws. The following information on various gambling laws from major regions will give you a general picture of the worldwide gambling industry. We shall divide the world into regions such as North America, Europe, and the UK, Asia, Africa, America, and Australia.
- Gambling Laws in North America
Major countries in North America include the United States and Canada. Several countries in this region have widely different gambling regulations.
The United States makes up the biggest part of North America it is the most confusing country in terms of legal gambling. The federal PASPA laws on gambling repealed by the Supreme Court in 2018 left gambler in a confused state. Individual states have laws that vary from one state to another. Sports betting laws in the USA have undergone a significant change but remain the most unclear legislations. In some states such as Delaware, Nevada, and New Jersey, gambling is exclusively legal, while in Hawaii, it’s illegal.
The situation is not any different in Canada. Individual provinces have jurisdiction to legislate gambling laws despite there being general legislation by the central government. It is also unclear if Canada’s gambling laws apply to oversea gambling sites.
- Gambling Laws in Europe and the UK
Europe has many countries such as Russia, Poland, Ukraine, Finland, and Norway, which have diverse approaches to both land-based and online gambling. These countries either ban or allow a given set of gambling activities. In France, the legislation is very strict, especially when it comes to the licensing process. Their online laws allow both France-based and oversea sportsbooks. However, all forms of gambling of casino games in France is banned.
The UK market is the best example of a well-regulated environment. Its citizens can enjoy gambling because their gamming sites meet strict gambling legislations. UK gambling laws have evolved throughout history. The latest advancements in the UK laws include the Gambling Act in 2005 and the 2014 Gambling (Advertising and Licensing) Act that monitors internet casinos more closely.
- Gambling Laws in Australia/Oceania
Australia follows the traditional gambling system. The country enforces strict legislation that allows traditional sports betting and lottery games for Australian residents. Online gambling is prohibited, but citizens can still legally access oversea sites.
New Zealand sets the pace for many countries in this hub. The country has clear and precise legislation that legalize all forms of gambling. However, oversea sites cannot advertise in the country.
- Gambling Laws in Asia
Asia is composed of countries such as China, Thailand, Malaysia, the Philippines, and India. There is little consistency in gambling laws in this hub. In Thailand, all forms of gambling are banned. In 2014 the government of Singapore completely outlawed all forms of gambling in the country. China has prohibited all forms of gambling except for physical sports, forcing gambling enthusiasts to relocate to Macau.
- Gambling Laws in Africa
Africa has few gambling sites and casino venues. Therefore, few countries have embraced the idea of legislating gambling activities. A notable country with gambling activities is South Africa, which has at least 40 land-based Casinos.
The Impact of the Gambling Industry for customers
The gambling industry is growing at a booming rate. A few years ago, it was worth 46 billion dollars, and it is projected to hit 500 billion dollars by 2021. The rate of growth of the industry has translated to the expansion of major cities within gambling hubs. Gambling legend cities such as Las Vegas, Macau City, Singapore, and Atlantic City collect revenue from tourism gambling. Millions of tourists visit these towns and cities to satiate their gambling urge. For this reason, gambling is the main interest of these towns besides other tourist attractions.
Best Global Sites for Gambling
The best global sites have distinctive features that can attract gamblers from all parts of the world. The advent of technology has made online sportsbooks accessible from diverse locations. Even in countries where there is no gambling legislation, punters can still access offshore sites and be able to place bets.
Top global sites such as Spin Palace, Jackpot City, Bet365, and BetOnline have attractive features such as enticing introduction promotions, secure sites, mobile responsive sites that accept diverse currencies from different deposit options.
Betway is the A+ rated site for online casino and other sports worldwide. It attracts high global traffic each day. Enjoy a great selection of a great welcome bonus that is 100% for up to $1000 first deposit. Always ensure that a gambling site accepts players from your country before you can proceed to bet.