What Exactly is Igaming
If we think about the modern day, it is largely defined of living our life on screen. This is reflected with our daily activities like video games, the way we communicate or the way we shop. Igaming is the online presentation of all the game of chance or commonly known as gambling. Something of value is bet on a certain outcome of an event or action. But while gambling has been around for centuries the advent of the Igaming industry is just recent. Today, the Igaming industry is the fastest growing segments of the gambling industry across the planet. Its revenues are reaching a high of 30 billion Euros. This is expected to keep on growing as more jurisdiction worldwide regulate and legalize Igaming. Igaming arrived in Malta in 2002, with the establishment of the gambling and lotteries industry now known as the Malta Gaming Authority. With this Malta started becoming Europe’s premiere licensing authority. It is contributing about 12% of the country’s GDP.
The first problem that people face is personal information. Since online gambling is online, users are concerned about their own personal and trustworthy information that they post on a gambling website. This can of course be risky as online transactions take place and thus also means of payment are involved.
The technology of iGaming has been worked on and developed by some people back then but this is something that is unknown to average people.
The situation is very different from that of gambling in US online casinos. Three Card Monte is an illegal game and violators must pay a fine of up to $ 1000 or 6 months in prison.