How Does iGaming Impact the Economy

How Does iGaming Impact the Economy

The iGaming industry encompasses a wide range of real money wagering sites licensed by reputable licensing authorities.

Examples include online casinos, sports trading sites, and other websites where you can play bingo and local and international lotteries. Dedicated poker sites that offer cash game tables, sit ‘n go tournaments, and multiplayer tourneys are also part of the iGaming industry.

The iGaming industry is a huge contributor to the global economy. Fully licensed online casinos, such as King Billy Casino, for example, generate vast amounts of revenue, a lot of which goes to governments (local, state, and national).

It’s down to the trusted governments to spend this money on important areas such as improving infrastructure. Many other economic benefits also come from iGaming revenue.

For example, it can help create new jobs, and in countries where the industry is properly regulated, it can also help fuel economic development in many other areas.

How do I know online casinos can be trusted?

The ONLY online casinos that can be trusted today are the ones that are fully licensed by reputable iGaming licensing authorities. The licensing authorities are usually located in one of a handful of trusted jurisdictions worldwide.

The worst online casinos that cannot be trusted to keep players safe or pay local governments what they earn from players spending money at their sites are UNLICENSED online casinos.

Avoid these ‘rogue’ casinos at all costs. They only have a negative impact on the economy and don’t have players’ best interests in mind.

The best online casinos are controlled by reputable operators with excellent standing in the iGaming industry, and they will be licensed by a renowned mid to top-tier licensing authority.

They can be accessed from smartphones, tablets, laptops, and desktop computers, provided players are of legal age in their jurisdiction (it’s usually 18, 19, or 21, depending on where you live).

Is King Billy online casino safe?

The world-class King Billy casino site is one of the world’s most trusted online casinos. It’s fully licensed in Curacao and is one of several trusted casino brands controlled by the reputable DAMA N.V. Casinos company.

When you sign up to King Billy Casino, you can rest assured that your account details, funds, and preferred banking method information are always in safe hands. Since opening in 2017, it has become one of the world’s most trustworthy iGaming sites.

It has thousands of positive reviews for registered members. It promotes responsible wagering and accepts only the most secure, reliable, and convenient online payment solutions.

For example, players can top up their King Billy accounts and cash out their winnings when the time comes using various tried and tested payment processing services.

The most trusted payment methods include a wide range of cryptocurrencies (considered the quickest and safest way to transact at online casinos), credit & debit cards, direct/instant bank transfers, web wallets (aka digital wallets, e-Wallets or electronic wallets), prepaid voucher cards, and one or two other secure methods.

The main payment methods players can use today at King Billy are the following:

  • Payz (recently changed from ecoPayz)
  • Interac online
  • Felexepin
  • MuchBetter
  • Visa
  • Mastercard
  • UPI and Net Banking
  • Instant EFT
  • DevCode
  • Neteller
  • Paysafecard
  • Skrill
  • Neosurf
  • AstroPay Direct
  • MiFinity
  • Jeton

Most of these trusted payment solutions can be used for deposits AND withdrawals, but others can only be used for deposits. Also, the minimum/maximum deposit/withdrawal amount can vary somewhat (e.g., $10, $15, or $20 for deposits, and $20, $30, or $300 for withdrawals, depending on which method you use).

They also accept major cryptocurrencies, such as Tether (min deposit: 0.0001 USDT, Litecoin (min deposit: 0.1 LTC), Ethereum (min deposit: 0.01 ETH), and Bitcoin (min deposit: 0.0002 BTC). The minimum withdrawal amounts for cryptos are 0.2 mBTC (bitcoin), 25 mETH (Ethereum), 300 mLTC (Litecoin), and 20 USDT (Tether).

Is there a welcome bonus for new players at King Billy Casino?

Yes. If you sign up today, you can claim up to $2,500 and 250 FS (free spins) for selected online slots. Let’s take a closer look at how this works. As soon as your new King Billy account has been activated, go to the cashier section and choose your preferred payment method.

Depositing $10 or more on your first deposit instantly unlocks a 100% match bonus applied to that first deposit. Therefore, players who deposit $25 when claiming this bonus will get $25 extra on top of their deposit.

If you maximize the offer and deposit the full $500, you will receive $500 extra on top of your deposit, and so on. Making that first deposit also unlocks 100 FS for selected slots.

It’s a multi-tiered sign-up bonus, and it’s spread out over four deposits. On your second deposit, remember to enter the bonus code ‘WELCOME2’ into the required field for a further 50% match bonus (also worth up to $500) + 50 more FS.

Use code ‘WELCOME3’ on your next deposit for a 25% match bonus worth up to $1,000, and then use code ‘WELCOME4’ for a further 75% match bonus worth up to $500 + 500 more FS.

Final note

You can find more information about King Billy and a secure link to the official sign-up page on the trusted Ask Gamblers review site. The casinos featured on this website, like King Billy, have been carefully selected and then expertly reviewed by a trusted team of researchers with years of experience.

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