Online Gambling Facts That May Surprise You

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BetMGM Aug 11, 2023, 1:45 AM

From traditional brick-and-mortar setups, gambling has taken a spectacular leap into the world of cutting-edge technologies. Now, you can experience the thrill of playing casino table games from the cozy comfort of your room, regardless of where you are in the world.

It’s truly mind-blowing to witness how quickly online gambling has blossomed into a multibillion-dollar industry. Today, the online casino world is dominated by poker, casino games and sports betting, providing endless entertainment to players all over the world. 

But a large number of people out there are in the dark about how online gambling actually works. This blog post highlights some of these mind-blowing online gambling facts. Some of these fun facts about online gambling may just leave you amazed. So, get ready to be pleasantly surprised and learn more about the fascinating world of online gambling.

A Fast Developing Gaming World

A staggering $300 billion flows into the coffers of land-based casinos every year. In comparison, online gambling only rakes in $45 billion. Now, you may be thinking, “Okay, $45 billion in comparison doesn’t seem like anything.” But here’s the twist: due to varying and inconsistent regulations, most online casinos won’t even accept players from the United States. Even more significant is the fact that online casinos in the US can’t even accept players from many other states in the same country. 

That means these casinos are missing out on money that could be generated from a huge number of potential customers. Despite this limitation, however, the online gambling industry has managed to skyrocket. It’s like the internet has waved its magic wand, propelling the online casino world to new heights, outpacing even traditional land-based giants. The growth rate of online gambling sites is nothing short of mind-blowing. There are now more than 4,305 gambling businesses offering a wide, diverse and impressive range of online casino games.

Online Casinos Are Safe

It’s a common misconception that online casinos may be rigged in the casino’s favor, leading many punters to visit brick-and-mortar casinos instead. 

The truth is that online casinos also make use of RNGs (Random Number Generators,) a robust system that cannot be tampered with. If you play live dealer online casinos you’ve probably experienced this first hand. So you can rest assured that the games you enjoy online are fair and trustworthy.

In fact (and this is one of those facts about gambling everyone should know,) those behind the scenes in the online casino industry are absolutely paranoid about losing their valuable audience. They understand the importance of providing a safe and secure platform for their players. After all, happy players mean a thriving business.

While this doesn’t mean that every single online casino out there is a shining beacon of safety, the majority do actually take player security seriously.

Online Gambling Is Cheaper

Land-based casinos have to deal with hefty overhead costs. From maintaining their lavish properties to employing a small army of staff, those expenses do stack up. And guess who ends up paying for it? You, the player, because the money comes from the house edge levied on every game. And that’s a casino fact.

That’s right, higher operating costs mean higher minimum table limits at land-based casinos. So, when you’re sitting at a table in a luxurious casino, you may notice those chips flying off the table a bit quicker than you’d like. 

This is where online gambling comes to the rescue. Online casinos have significantly lower overhead costs, allowing them to offer more attractive table limits and a lower house edge. It’s like a breath of fresh air for your wallet. And the savings don’t stop there. 

Brace yourself for online tournaments with lower buy-ins, making it easier for you to join in on the action without breaking the bank. Take away the worries about splurging on travel expenses, food or drinks and you’ll begin to understand how much cheaper online casinos are to run and play at.

And all of these are accessible to you anywhere anytime — as accessible as reading facts about playing cards, really.

Free Games, Loyalty Club and More Bonuses

Another fantastic fact about online gambling is that numerous real money casinos provide free versions of their games to enjoy and to practice on. Although these free games don’t award cash prizes, they provide players with an excellent opportunity to improve their skills without any risk to their bankroll.

Apart from free games, you can take advantage of casino bonuses and VIP programs to supercharge your betting budget. Casinos entice new players with bonuses and promotions, but they don’t forget about existing members. Top-notch gambling sites offer VIP programs that shower players with rewards beyond bonuses. From faster payment options to exclusive events, the perks are significant. 

And VIP programs are often tiered, so that the more you play, the higher you climb and the more rewards you unlock along the way.

Online Casinos Use RNG

In gambling, fairness is paramount and randomness plays a pivotal vital role in achieving fairness. If game outcomes weren’t random, casinos could cheat customers in their pursuit of profits. That’s where the RNG, or Random Number Generator, comes in, software specifically designed to produce random numbers, ensuring the integrity of online gambling.

RNGs are indispensable in various games such as slots, roulette and blackjack, as they generate unpredictable results that keep the excitement alive. Expert mathematicians and computer scientists meticulously design the algorithms that power RNGs, which then are subject to rigorous testing in order to guarantee their authenticity and true randomness. In fact, just read up about the secrets of slot machines to give you a better understanding of how RNGs work.

Play With Cryptocurrency

The option to play casino games with cryptocurrencies brings a whole new dimension of practical advantages to the table. It’s no wonder that they’ve become a hit among the gambling community. First off, crypto offers the allure of anonymity, allowing players to enjoy their gaming experiences discreetly and safely without having to negotiate banks, different payment methods and banking fees. 

Bitcoin, the superstar of the crypto world, is widely accepted as a convenient payment method by most major online gambling platforms. But it doesn’t stop there. Other major cryptocurrencies such as Ethereum and Litecoin are also gaining popularity, with numerous crypto casinos now accepting them. And yet, there’s more. Many casino sites actively encourage players to embrace cryptocurrencies by showering them with special bonuses and perks when they do. Now that’s an offer you can’t refuse.

People Win Big Gambling Online

Believe it or not, winning real money from online gambling is entirely possible. Despite what you may have heard, there are countless success stories of people hitting the jackpot and walking away with millions after playing various casino games on an online platform. Online gambling is no different from gambling at a traditional land-based casino. To feel more confident, you can check out the gambling statistics to see if people actually win when they play online.

But realistically speaking, scoring those life-changing wins isn’t a walk in the park. It takes a combination of good strategy and a little bit of luck to overcome the odds and beat the house. Players who understand this have scooped up massive prizes, exceeding a jaw-dropping $1 million. But who knows? Maybe you‘re the next person to win big.

Fun and Games Await You at BetMGM

At BetMGM, the best online casino, there’s a little something for everyone. Once you register and have an account with us, you immediately have access to a treasure trove of entertainment. With thousands of themed slots and the widest range of table games available, the possibilities are endless. So, get ready to embark on that journey by playing on BetMGM — as winners tend to do.

Actress Vanessa Hudgens flipping casino chips next to the text "The King of Casinos"
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Our BetMGM editors and authors are casino experts with a wealth of knowledge of the online casino industry at all levels. Their coverage includes company news, game reviews, how-to instructional articles, strategy guides, and editorials showcasing BetMGM’s superior product and game library.

Our BetMGM editors and authors are casino experts with a wealth of knowledge of the online casino industry at all levels. Their coverage includes company news, game reviews, how-to instructional articles, strategy guides, and editorials showcasing BetMGM’s superior product and game library.