The betting shop has been a mainstay on the British high street for decades now. Traditionally seen as a community meeting spot, even people that did not particularly hold an interest in gambling were known to visit the bookies for a flutter on the Grand National or the football pools. Many of us have a story of visiting the bookies with a parent or grandparent to put a small bet on an exciting horse race or a big football match, with the bookies holding a nostalgic feeling for many Britons.
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The betting shop still exists, but nowadays, many Britons are choosing to gamble online. According to the United Kingdom Gambling Commission, the worth of the gambling industry as of September 2019 was £14.3 billion. In that figure, offline betting numbers are trending downwards, whilst online gambling is on the rise. For example, a number of British betting companies have created thousands of jobs in the last couple of years due to the rise in online play. Many of these jobs have cropped up outside of London, in areas like Yorkshire and the Midlands.
The explosion in the popularity of online gambling has brought with it a range of new product offerings, many that are much more impressive than anything on offer in physical betting shops. For instance, many online gaming companies are offering generous deals, for example, the popular NetEnt casino no deposit bonus. Considering that the overhead costs for bookies’ shops or land-based casinos include rent, staff costs, cleaning costs, and more, it is perhaps unsurprising that the more streamlined business model of online gambling companies is proving more successful in the modern-day, particularly given the increased interest in casino games and sports betting.
Casino games are very popular, and sports betting is also on the rise. Football betting has of course taken point as the most popular form of sports betting in the UK. Statistics suggest that football betting accounts for almost half of all remote betting across the country. This rapid rise of the online gambling world pays testament to the popularity generally of betting in the UK, as well as mirroring the original rise of land-based betting options in the early 1960s, when betting laws were first loosened to help prevent unregulated street betting. The change at that time was rapid, and at one point, betting shops were opening at a rate of nearly 400 new shops per week. That was 60 years ago but, by the look of the current market trends, gambling continues to be popular in the UK.
Online gambling companies are cropping up regularly, and the UK industry looks to be in rude health as things stand, with casino games and sports betting both proving extremely popular in the modern age. The increased popularity of online gambling has created hundreds of new British companies, and thousands of jobs spread around the country. At this rate that trend of job creation is likely to continue for a number of years.