Gambling Activities in Ireland
The Irish have a long association with gambling, but only recently has it been made legal again. As of the past decades, online casinos are now legal to operate. Also, sports betting and the lottery are legal as of 2015. The gambling site must have licenses from the Malta Gaming Authority or the UK Gambling Commission. This ensures that players have a fair chance at winning and their money is safe.
Popular types of gambling activities
Nowadays, there are many forms of online betting that are fun and exciting. All casinos in Ireland will provide the most popular games with variety. The software developers offer the games and are audited by gambling commissions to ensure they are fair.
- Games of chance: the lottery is the most popular type of chance game because of the enormous prize pool. Millions of people buy tickets that go into the overall pot, and the reward gets bigger and bigger. Another game based on luck is roulette, in which a ball is spun around a ring with colored numbers. You may bet on either the color or number. The winnings are increased if the odds are stacked against you.
- Card games: the oldest form of gambling comes from card games. The most played card game is blackjack. The goal is to get a score of 21 or close to it. If you go over 21, the house instantly wins. You can hit to receive another card or hold if you think that the house won’t get a better score than you. Another fun game is poker, which relies heavily on skill and knowledge of hand strength. Multiple hand combinations have different strengths, and the best five cards win. The fun in poker is guessing the opponent’s hand and if yours is better.
- Sports betting: betting on sports is one of the biggest gambling industries. Ireland has many distribution channels that let you place bets from online casinos to sportsbook sites. Horse racing is the biggest source of revenue for the Irish gambling industry. This is because races happen regularly, and you never know which horse will win. In addition, you can place bets on your favorite games like football, basketball, hockey, and more.
- Slots: a game that requires only luck is slot machines. They feature three or five reels to spin and have many pay lines. Also, they have themes based on movies, real-life characters, and TV shows. Therefore, all players can enjoy an immersive experience. The benefit of playing online rather than going to a real-life location to play slots is that you save money on traveling. Hence you can use the travel money on the online slots. Furthermore, jackpot slots are fun and exciting to all players because of the ridiculous prize pool. When a player loses, the overall jackpot size increases. The thrill of the game is that small bets can win the jackpot, which is why it’s so popular.
Statistics of offline casinos in Ireland
Knowing the statistics of gambling can help you decide if you want to get started. It’s estimated Irish players have gambled around €11 billion in the last year. This includes sports betting, lotteries, and casino games. In 2019 a survey was made to see how often people gamble with their money. In the past 12-months, two-thirds of the country have placed a bet or bought a lottery ticket. The country is pleased to know that only a small percentage have a problem with gambling even though a large portion place bets.
Interestingly those aged 55-64 are most likely to gamble than a younger audience. Lottery and scratch cards are the most common form of gambling, taking 56,7% of the market. Gambling online or on a smartphone is common in the 25-34 year group at 5.7% and 4.8% in the 18-24 age group.
Gambling problems affect only 0.8% of the general population and is most common in men aged 25-34. However, the country is putting resources to help people with an addiction.
Licencing and regulations of online casinos in Ireland
Recent laws have been passed to make online casinos in Ireland legal. However, there are strict rules and regulations to go through before the gambling site can go live. Every game will be checked for fair odds and no intentional glitches. Also, all payment systems are overseen before being given a license.
A casino in Ireland must be regulated by the UK Gambeling Authority or the Malta Gaming Commission. They have been around for a long time and gained a reputation for being trustworthy. The commissions will oversee the whole operation and determine if the casino is worthy of a license. Without the license, it’s illegal for a casino to go live to the public. Also, they cannot be trusted so do not deposit money.
You can see if the gambling site has an authorized license by scrolling to the bottom. The website will feature who they have acquired a license from and the number. You can go to the authority homepage and type in the license number to see if it’s legitimate.
Sports betting in Ireland
Sports betting is one of the oldest forms of gambling, from horse races to basketball. These days placing a bet on a sport is super simple because of the available outlets. You can go to an online betting site or download an app within minutes.
Is sports betting popular?
In 2015 an Amendment to the Betting Act was passed, which legalized online sportsbooks. Ever since, the industry has been growing tremendously in Ireland. As long as the site abides by the laws and regulations, players can bet on their favorite games. An estimate of €11 billion was placed on sports bets alone. This shows that Irish people love to gamble on their favorite sporting events.
Which organizations regulate betting sports activities?
Three main regulators oversee sports betting operations – The Revenue Commissioners, The National Lottery, and The Department of Justice and Equality. They make sure that everything is up to standard and there is no foul play going on. The same as an online casino, you can scroll to the bottom of the page to see who regulates them. You can trust a sports betting site only if it’s overseen by one of these regulators.
What is the difference between an illegal and legal betting platform?
At first glance, you may not notice if an online betting site is illegal, which is why so many people get scammed. Although some illegal sites may operate fairly, you can never trust them with your money if they are not licensed. Being regulated by a highly regarded authority proves that the site is trustworthy. A simple scroll to the bottom of the page to see what licenses they have will save any trouble in the future. Penalties for running a fraudulent site can lead to 14-years in prison, so report any scam sites you encounter.