Online gambling, including online betting, has in recent years become one of the most lucrative businesses on the internet. Everyday betting websites gain thousands of new customers. Go on a site like parhaatnettikasinotsuomi.com, and you will see how many online casinos there are only in Canada.
The UK is an excellent example of that, and it has even been called the world’s biggest regulated betting market. It’s hard to escape the biggest online firms in the UK, especially if you like to watch sports. Almost every major sport event transmitted on a commercial television channel is connected with them. They sponsor major teams, and often give their names to significant events in sports like horse racing, which is one of the oldest sports on which you can bet.
However, online betting can be confusing, especially if you are new to it. That’s why we created a simple guide on everything you need to know about online betting in the UK. So without further ado, let’s get to it.
Is online betting in the UK legal?
Gambling, in general, has been legal in the UK since 1960, when The Betting and Gaming Act was introduced to law. It allowed betting shops to be opened on the 1st May of the following year and permitted pub owners to add slot machines in their locales. The act regulated the gambling industry in the UK for years.
However, as the years passed and online betting was introduced, new laws became a necessity, which is why in 2005, a new act was introduced – The Gambling Act. The government wanted to prevent underage gambling, as well as make sure that gambling won’t be a source of crime.
Under this act, for example, online betting became legal for all British residents. So, if you are residing in the territory of the UK, it is entirely legal for you to take part in online betting activities. The act also established the Gambling Commissions – the organization that nowadays regulates all gambling within the UK, both online and offline. All the companies that operated online gambling sites in the UK before 2005 had to get a license.
How old do you have to be to bet online?
Generally, the required age for any sort of gambling is 18, and that’s also the case for online betting. The only exceptions are scratch cards, lotteries, and football pools for which you can be 16.
To be sure that the person betting online is of the required age, the website can ask for confirmation in the form of a document. They can ask for a passport, driving license, ID card, household bill in the customer’s name, a credit or debit card that belongs to the customer, or the recent statement from it. The person’s account is limited until they provide the proper documentation.
The verification usually happens within 72 hours from when the customer provides the documentation. However, if the website has a high volume of documents to verify, it could take a week.
What are the punishments for underage online betting?
This is another thing that the act from 2005 regulated. If the government finds out that a site provider allowed a person under 18 (which is considered as a child) to take part in online betting, they can be punished in two ways.
They can be sent to prison for a period of time, which cannot exceed 51 weeks, or they can pay a fine that does not exceed level 5 on the standard scale. However, the fifth level is the highest one and does not have a limit, which means that there is no maximum fine defined.
Online betting is definitely a popular and profitable business in the UK. Nonetheless, just like everything, it can be confusing, especially for a person who is new to it. We hope that after you read this, it became a little clearer about how the situation of online gambling looks like in the UK.