The online gambling industry has become integral to the UK’s entertainment sector. For some context, the iGaming industry yielded £6.85 billion in Great Britain from 2020 to 2021. This amount is predicted to double in the next decade.
According to research firm Technavio, the iGaming industry in the UK is part of a worldwide network worth $565 billion. Slots, in particular, are the significant moneymakers of UK-based online casinos. Some online casinos generate up to 80% of their revenue from these games.
The Significance of Online Slots in the UK
With friendlier regulations emerging over time, more and more people gravitate towards playing online slots, and more software developers are getting involved. Reputed online casino platforms provide players with various flexible and secure payment options, making deposits more accessible. Owing to the added security on top of the choice, convenience, speed, and a wide variety of attractive bonuses, it is not hard to see why online slot machines dominate the online gambling sector in the UK
Truth be told, few games can compete with the popularity of online slots internationally. While casino platforms offer traditional casino games, scratch-offs, card games, lotteries, and more, online slots are most venues’ primary income source. The market is also predicted to grow by an added 2.83 billion by 2026.
A Brief Overview of the Future Prospects of iGaming in the UK
The use of crypto for online transactions or the increased popularity of Virtual or Augmented Reality, among other new technologies, may cause paradigm shifts in the iGaming industry. Technology advancement could also further perpetuate the spending of virtual money in virtual casinos. Besides, software developers constantly implement new technologies to enhance gaming for gambling enthusiasts worldwide.
The UK’s iGaming market is predicted to expand by over $80 million by 2024. With the recent advancements in the iGaming sphere, it is no surprise the numbers are growing fast. The widespread adoption of mobile devices also acts as a catalyst for online gaming. The UK Gambling Commission reported an increase in remote betting, with the remote betting GGY growing by 13.5% between April 2020 and March 2021.
Blueprint Enhances Jackpot King Collection Through New Funky Pharaoh Slot
In recent slot news, the UK-based software developer Blueprint Gaming has launched the newest addition of its popular Jackpot King games series, with Funky Pharaoh joining other popular releases from the ever-growing collection, including the highly popular “Temple of Riches”. The omnichannel developer’s new game supports all devices and focuses on medium volatility slot and jackpot players.
Funky Pharaoh features the original Jackpot King system, where players can win cash prizes or one of three progressive jackpots on any spin. The most recent release closely follows the unveiling of two concepts, i.e., Win Spins and Spins Boost, to enhance gameplay.
The UK’s Public love for slots cannot be underestimated and you might be surprised by the extent of this love. Furthermore, iGaming experts only see this trend going one way and that is up.