Separating Fact from Fiction When It Comes to Online Casinos

The iGaming industry is one of the biggest online entertainment markets right now, and it only continues to grow. Of course, when an industry gets to be as big as it is, a lot of myths begin to circulate. In this article, we’d like to talk about the fact and fiction of online gambling.

Are Online Casinos Safe?

There is plenty of discussion surrounding the safety of online casinos, with a lot of people claiming that these websites are unsafe and they’d rather avoid them. The idea that online casinos are unsafe comes from the 1990s, when a lot of these websites operated without a license, and therefore, could be considered unsafe.

However, as legality surrounding online gambling has largely changed, this is no longer the case. Many of the best games can be found at a casino online like Christchurch Casino, which licensed and regulated by some well-known and trusted authorities. The MGA, the UKGC, and similar organizations are responsible for creating a safe gambling environment for everyone. They’ve largely succeeded in their responsibilities.

Do Online Casinos Payout Less?

There is a lot of debate about whether online casinos pay out less than their land-based counterparts. Many people believe that this is the case, and the myth largely stems from the highest recorded wins ever. In land-based casinos, the highest recorded win is around $40 million, whereas online it comes to about $23 million. That means that the highest land-based win is almost double that of the online.

However, that is looking at only one instance, and it is only considering a single sum. The truth is that; yes, land-based casinos do tend to pay out higher sums for some of the most popular games. However, online casinos tend to payout a lot more frequently. So, both types of casinos have their owns pros and cons when it comes to payouts, depending on the way you look at it.

Are Online Casinos Legal?

The final misconception we are looking at refers to the legality of online casinos. There are many people who are convinced that online casinos are outright illegal worldwide. This is simply not true. However, we can’t blame anyone for the confusion, as many countries’ laws regarding online casinos are bizarre, and skewed.

There are certainly countries where online casinos are legal. In most of Europe, you can play at a casino online without any fear of reprimand. However, there are also countries where online casinos exist in a sort of legal grey area. In these countries, it is possible to play at offshore casinos, but it is not legal to operate or own an online gambling business within the country’s borders.

Finally, it is true that there are plenty of countries that have outright made online gambling illegal. The countries that have done so are usually ones that oppose gambling in general, and have made the practice in general illegal. There are plenty of reasons why some countries would do so, but it mostly comes down to cultural and/or religious reasons.

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