Online casinos are taking over the gambling industry and there’s no denying that fact. Statistics have shown that they are on their way to becoming market leaders as soon as 2025. In 2020, the market size of the gambling sector was around $227 billion and online casinos were responsible for around $60 billion. By 2025, it is expected that online casinos’ annual revenue will likely exceed $100 billion.
An interesting fact about these operators is that they made a significant impact on the market in 2015, but the reality is that they were present way before that. The first casino software was created by none other than Microgaming back in 1994. However, the technology was way ahead of its time and the Internet wasn’t used as often as today, which is why they slipped under the radar.
These days, there are thousands of online casinos on the market and all of them offer fantastic features to the players. However, there is a small catch. Many people consider online casinos and unreliable and sites that are not legit.
That is the topic that we wanted to discuss here. We’ll be seeing whether there are any reliable and legit real money online casinos on the market. But first, let’s see what makes online casinos so popular.
The Benefits of Online Casinos
Of course, people won’t trade their beloved casinos in Vegas, Monaco, Singapore, Hong Kong, and Atlantic City if they don’t have a better alternative. That is what these online casinos represent. In terms of gaming, these sites are supplied by many of the world’s greatest game providers – Yggdrasil, Microgaming, NetEnt, Play’n GO, Playson, Pragmatic Play, and Evolution are just a few honourable mentions.
The casinos’ game library is massive as sites often have over 400 slots, table, card, instant win, and live dealer games to choose from. Recently, online casinos even started coming up with the so-called hybrid approach where they also offer virtual games and sports betting.
Next up, casino operators offer a variety of bonuses and promotions. Tournaments with great prize pools, welcome offers, reload bonuses, Free Spins, loyalty programs, and cashbacks are all featured. They are designed to reward the players as often as possible and motivate them to play the games.
Online casinos are accessible from any mobile and desktop device due to the fact that they utilize the latest HTML5 technology. Last, but not least, they offer a variety of payment methods for the players, including credit and debit cards, e-wallets like PayPal, Skrill, Neteller, mobile pay methods like Boku, and most recently – even cryptocurrencies.
However, in order for the player to deposit and withdraw funds, he or she needs to be certain that the casino is secure. So, the question is, are online casinos secure?
Are There Legit and Reliable Real Money Online Casinos?
The reason why this question is asked so often is that online scams have become a massive problem for the world wide web. According to statistics, over 4 million people are victims of scams each year in the US alone. There’s no denying the fact people have doubts concerning the security of an online casino, especially since they have to leave their private information such as credit card details on that platform.
Luckily though, you will be pleased to hear that there are plenty of online casinos that are operating globally and are considered legit and secure. After all, there are tons of domestic and international regulatory bodies that make sure that each online casino meets the highest standards in terms of fairness and security source. Below, we’ve listed all the details that will tell you how to spot a reliable online casino.
The Features of a Reliable Online Casino
First of all, the single most important feature of every reliable and legit online casino is the license. As we just mentioned, there are tons of authorities, domestic and international, that license and regulated online casinos and make sure that they uphold the highest standards.
Domestic authorities are present in countries where online gambling is well-regulated. However, since online gambling is still considered a new concept, not every country has specific laws and regulations, hence it cannot block unlicensed sites and doesn’t have an authority that will license and regulate online casinos.
This is where international authorities step into play. Some of the world’s most renowned international regulatory bodies are:
- The Malta Gaming Authority (MGA)
- The UK Gambling Commission (UKGC)
- Curacao eGaming
- Gibraltar Gambling Commissioner
If your chosen online casino is licensed by any of these regulators, then it means that it is legit and reliable. Keep in mind that some online casinos may hold multiple licenses, which is even better as it adds to their reputation and safety.
Now, you must be wondering how can you check for a license. The process is simple and takes just a few seconds of your time. All you have to do is scroll to the bottom of the home page of the chosen casino. Each operator must display its license at the bottom of the page, along with the license information (holder, number, etc.). If it is displayed, then you have nothing to worry about.
On the flip side, if a license is not shown, then that means that the casino is not regulated and is likely a scam site, which is code red and a sign that you should not engage with the casino.
Next, SSL encryption software is the next feature of a legit and reliable online casino. The 128-bit SSL encryption software is an AI system that is in charge of encrypting the data that is sent between the player and the casino.
If the site is licensed, then it is definitely using this security system, but it is also easy to check for this feature. All you have to do is peek at the website’s URL. What you are looking for, is the letter S that resides right beside HTTP. S stands for Security and if it is present, then the casino is using the said security system and will keep you secure while you browse the games.
Finally, every online casino that is licensed and regulated will provide players with a certain level of online anonymity, which increases their security even more. Here’s how they do that. When you register, you will be given the chance of using an alias instead of your real name when playing the featured casino games.
That means that your true identity will remain hidden in the eyes of the public. The anonymity level is ‘certain’ since the casino will know your true identity. Thanks to the aforementioned SSL encryption software, this type of sensitive data will be well-protected.
Registering at a Legit and Reliable Online Casino
Speaking of the process of registration at a legit and reliable online casino, we feel obliged to share a few words on that topic as well. The process of registration starts with accessing the official website of the chosen and licensed online casino.
Then, you just click the signup button and fill in the required fields – email, first and last name, country, password, username, preferred currency, etc. After you’ve registered your account, the casino will ask you to verify it, for security purposes. In most cases, the process of verification is completed via email. Both registering and verification last no more than 2 minutes.
The last part of the process includes choosing your preferred payment method to deposit funds into your account and play the games for real money. Now, it is worth mentioning here that each payment method may have different processing periods and other features, which is why it is worth reading the banking policies of the casino. Some operators are known for charging fees for withdrawals and some methods come with external withdrawal fees that are out of the control of the casino.
In the end, all that is left is to play your favourite game and possibly win some decent rewards. Thanks to the fact that licensed and regulated are supplied by the world’s greatest game providers, you can rest assured knowing that you will be provided with the best gaming experience.
The fact of the matter is that the online world is a bit unstable at the moment. Online scams are occurring every day and you need to do everything you can to stay protected. When it comes to online casinos, they are targeted from time to time as they deal with online transactions.
Countries that regulate online gambling have effective systems that block unlicensed sites, but if you are residing in a country that does not regulate online gambling, you will have to do all the work. The truth is that there are plenty of reliable and legit online casinos, however, you must always double-check them.
Checking for a license is the most important part as it indicates whether an authority regulates the casino and makes sure that it adheres to all laws and regulations. A casino will only be considered legit if it holds a license of this type.