The gambling industry is usually followed by a bad reputation, with many people concentrating on the bad aspects of the game; however, the gambling industry is booming, and the business has brought many opportunities for people and the economy, as we shall see in this article.
According to the Gambling Commission statistics, the sector had a total gross of £14.3 billion in 2019. The same research shows that the gambling industry had provided jobs for 98,174 people by September 2019.
The number of people involved in the game has also increased: between October 2018 and September 2019, there were 31.57 million online remote gambling customer accounts at facilities licenced by the Gambling Commission.
This data proves that the gambling industry has made significant contributions to the British economy and will continue to do so.
Technological advancements have allowed casinos to extend the business to online platforms with an improved experience that the player can enjoy in the comfort of his or her own home.
Research shows that since 2008, the gambling profit from offline gambling companies in Europe has stagnated as the online gambling revenue continues to grow. This increase in people joining online casinos shows that there is still much space for the business to expand.
How to be part of this impactful industry?
Start with an online gambling merchant account. It will grant you to process online payments, such as credit and debit cards, and to add alternative payment options to your e-commerce, such as digital currencies.
The best way to succeed in the gambling business in the UK is to partner with an experienced payment processor that understands the requirements and needs of the gaming industry.
At iPayTotal, you will find the best solutions for your gambling company because we specialise in high-risk businesses and offer customised solutions for online casino merchants.
Gambling merchants can have access to our offshore merchant accounts that offer real-time processing and reasonable fees. iPayTotal also assures the security of every transaction with our advanced security tools, such as 3D secure processing, and built-in fraud prevention filters.
Apply now for an online gaming merchant account and be part of the successful group of gambling merchants.
It is effortless and fast to open a merchant account at iPayTotal. Our experienced team is ready to guide you and answer any questions.
Contact us today and find out more.