Gambling of Last Year in Review

Published by Dani Wilson on April 30, 2021 in Industry News

Gambling Year 2020 in Review

It could probably be said that 2020 was a difficult year for the whole world. The coronavirus pandemic impacted so many people, businesses, countries and so on. However, many people did turn to online gambling for a source of entertainment while various countries entered into their respective lockdowns. So, how did this end up affecting things? Come with us as we look at the gambling year in review for 2020.

Gambling in Europe

Many major operators from within Europe were turning their attention to the burgeoning U.S. sports betting market in the early months of 2020. And then the pandemic hit resulting in many sporting events being affected by it. That didn’t stop those companies from continuing to focus on their American futures, though.

Of course, 2020 was much more notable for Europe’s collective interest in wanting to tidy up the gambling industry. ‘Consumer protection’, while not specifically a new entity, became much more of a focus for European countries with regulated gambling. However, it turned out that operators of gambling services ended up claiming that they needed protecting from the wave of restrictions being pushed upon them by governments and regulators alike.

The United Kingdom finished 2020 with the news of the government announcing their long-awaited review of the Gambling Act 2005. This came followed multiple consultations between the Gambling Commission and various ‘working groups’ surrounding game design, bonus offers, advertising and VIP programs.

Meanwhile, Sweden entered into its second year of online gambling regulation, bringing more licensed and regulated European casinos to its residents. However, friction grew between the country’s operators and regulator, Spelinspektionen. This came in part due to unclear guidelines surrounding bonuses and unacceptable sports betting markets. New online casino deposit limits were also introduced, with the government claiming it was a “pandemic precaution”.

In Spain, licensed operators spent the majority of 2020 trying to dissuade the government from imposing harsh marketing limitations, such as restricting advertising to a four-hour window from 1am. The government finished 2020 by opening a consultation on some potential new responsible gambling rules.

And Germany finally unveiled plans for a new regulated online gambling market. That was quite the joy for operators…until the fine print was discovered. Those guidelines included a last-minute addition of taxing online slot turnover at 8%. However, casino operators proceeded to fill out new licence applications, even after German payment processor Wirecard imploded when it was caught hiding billions in losses.

Gambling in the Americas

The COVID-19 pandemic had quite the impact on various plans throughout the United States. Retail operators were the first to suffer from this when casinos, racetracks and even some lottery retailers were forced to shut down for months. Some remain shut to this day still, with no clear future opening date known. Once the others were allowed to open, they had to greatly reduce the number of visitors and install a massive number of add-ons, like plexiglass dividers and so on.

This led to some operators choosing to reduce employee capacity to generate revenue. While some people were outrightly let go, others were placed on furlough. It even resulted in some big-names like the Las Vegas Sands confirming rumours that it was exploring the option of selling its Nevada-based properties.

While Atlantic City, New Jersey was not immune to those issues either, it did result in the state’s online sector receiving a boost. While other states may have regretted not introducing a legal online casino or poker option for their residents, numerous New Jersey online casinos flourished. As a result, the sector is on course to almost hit the $1 billion mark, doubling its previous year’s result.

Pennsylvania’s own online casino market has yet to reach the lofty heights of that being experienced in NJ. Yet, the practically insane 56% online slots tax rate has likely ensured that the state was able to continue earning money, even as land-based establishments entered into a second lockdown in December.

And those states with online lottery options were likely grateful when residents choose to turn to the internet for their purchases. The likelihood is that other U.S. locations have taken notice of the influx of online gambling fans and may be viewing the sector in a much more favourable light now.

Last of all, the biggest impact probably came for Canadian sports betting fans. The Liberal government noted their support for the amendment of the country’s Criminal Code, ending the ban on single-event wagering. Rather than pushing for a vote prior to the holiday season though, the Liberals held back. It is expected for the measure to resurface in 2021, and hopes are high for it to pass through.

Latest News View all

How Do No-Risk Bonuses Work?

Let’s face it, most of us love a bonus. These are the joyous treats that keep us ticking and give us that little bit extra. Making us feel welcome at our favourite online casinos, or rewarding us for our loyalty. They come in all different shapes and sizes these days, as sites compete for our business.

Read more

What Are the Best Sports to Bet on in Canada

There is little doubt that Canada has a huge number of sports fans, and subsequently, a lot of sports betting fans, too. With hockey, baseball, football and basketball being hugely popular within its borders though, this is of little surprise. And due to the link that sports have with sports betting in general, the two sectors have serenely come together.

Read more

Most Popular

How Do No-Risk Bonuses Work?

Let’s face it, most of us love a bonus. These are the joyous treats that keep us ticking and give us that little bit extra. Making us feel welcome at our favourite online casinos, or rewarding us for our loyalty. They come in all different shapes and sizes these days, as sites compete for our business.

Read more

Best Crypto Gambling Sites 2021

Crypto bring with it new opportunities and for all those online casino players who prefer to use cryptocurrencies for their gambling payments, we know of several online casinos that support Bitcoin, Litecoin, Ethereum and other cryptocurrencies as a payment method. So, which of these sites can we recommend for 2021?

Read more

Biggest Online Jackpot Wins of Last Year

It is always a momentous occasion when someone wins an online jackpot from a casino. And while many of us believe that they do not come around so frequently, several big winners were recorded in 2020. So, keep playing and you never know, you could be the very next person to claim a jackpot payout. Let’s have a look at the biggest online jackpot wins of 2020.

Read more

Bankroll Warriors Gets New Host for 2021

CasinoTopsOnline is re-launching its exciting slots and casino Twitch stream Bankroll Warriors with a brand new host for 2021. At different times in his life, Dreezy has been a professional poker player, gambler, esports bar owner, trucking business owner and Twitch streamer. Read more

£100 Deposit Bonus UK

UK online casinos that offer a £100 deposit bonus are quite common, especially as we see an increase in the number of online casinos, which results in greater competition between them - and better offers for players!

Read more

Bankroll Warriors is Back With HUGE NEWS

Bankroll Warriors is our hit casino podcast, offering you a look into the world of the best slot games online at the top casinos around. So get right for lights, camera, and spin! Whether you’re after discovering the best bonuses or just after some suggestions for a new game, our new all-star streamer team has got what you need.

Read more

5 Favourite Slots by European Players

Europe is a hotbed for casino gaming activity, and there’s little wonder. With locations like Monte Carlo, London and Malta all playing host to exciting casino escapades, it has quite the popular appeal for players. It is also due to this that many online casino slots have become popular in their own right with players from the continent. So, which ones can be considered the five favourites of European casino players? We’ve got a look at each of these and their inbuilt features below.

Read more

New Series of Podcasts by Our Very Own Bankroll Warriors!

Bankroll Warriors, better known as Jon Pardy and Drew Gonzalez, have teamed up with CasinoTopsOnline to provide viewers with a series of exciting, livestreamed games at the best online casinos. A combination of casinos hand-picked by experts and the professional play brought to you by the Warriors themselves will take casino livestreaming to a whole new level. Read more

Top 10 Pirates Slots

Every year sees different online slots provided for online casinos. The online gambling space is always competitive with the software developers ever upping their game to remain at the top or rival the others. But, it’s not only about releasing slots, but also about releasing quality slots that players prefer, enjoy, and relate with. Certain game variants always come into play. This ranges from the different styles provided, soundtracks, game quality, graphics, and themes. Original themes that are relatable to players will always attract traffic on any slot and this will be a win-win situation for the provider and online casino. Read more