How Software Providers Affect Casino Withdrawal Times
The UIGEA act left only a handful of software providers which allow players from the US to access their games. The leaders in this market are Realtime Gaming, Rival Powered, Betsoft Gaming, Pragmatic Play (Top Game), BetOnSoft (Saucify) and WGS Technology.
The small number of software providers resulted in a big number of online casinos which are powered only by a single provider.
It seems that US players like to play at online casinos which are powered by a single software company, as opposed to European players which like to try games from several software providers.
This leads to a smaller number of casino games at a single operator, but on the other hand, US players can easily choose at which casino to play at based on the provider which powers the casino.
What Payment Methods Can You Use to Deposit Funds
For every online player, the best casino withdrawal times are instant payouts.
Many leading operators in the industry offer instant payouts if you withdraw your winnings by using e-wallets. This means that it will only take a few minutes for your winnings to arrive on your account. But when it comes to US players this is not the case.
You see, most of the leading US online casinos allow players to withdraw their winnings by using Bank Transfer of Checks. Withdrawals to e-wallets like Neteller and Skrill are not possible, while withdrawals to credit and debit cards are also excluded.
As you already must know Bank Transfer and Checks are the longest payout methods, so it can take weeks or even months before you actually receive your winnings.
Bitcoin Instant Payouts
One bright light in this situation is using cryptocurrencies when playing at online casinos. US online casinos have fully embraced this trend and many of them allow US players to use Bitcoins for deposits and withdrawals at the casino.
In return, many of the casinos offer fast payouts to Bitcoin. At some casinos, the waiting is reduced to only a few hours, which can be considered as an instant payout.
This is why many US players are turning to Bitcoin as a deposit and withdrawal method at online casinos.
Pending Period Payout
When we talk about the best casino withdrawal times you have to take one crucial factor into consideration.
The withdrawal payout is only as fast as the pending period. The pending period is the amount of time your funds remain pending on your account when you make a withdrawal request.
At this time you can easily reverse your winnings and play again or you can wait for the pending period to be over and your withdrawal to be processed.
So, in reality, the speed of the payout is dictated by the pending period of the casino. Some online casino can promote a payout of 48 to 72 hours.
But if you take a look at the pending period it can be anywhere from 24 hours to 20 days. So before you decide to play at a casino always make sure to check the pending period and see exactly how long it will take for your withdrawal to be processed.
First Withdrawal Documentation – Get it Right!
Yes, every experienced player will tell you this is the case. This is so because of two factors.
When you make your first withdrawal at an online casino you need to verify your account by sending in your personal documents.
A lot of times players make a mistake and don’t send in the complete documentation, so it can take well over a week for this to be sorted out.
Another common error players make on their first withdrawal is reversing the funds to play again. You can win more or lose some of your winnings along the way. But what matters the more is that you stop the withdrawal process.
If you make another withdrawal after, you still have to go through the pending period and the withdrawal processing time. So in order to take advantage of the best casino withdrawal times don’t reverse your withdrawal.
Be patient for a few days and your winnings will be processed to your account.
The Bottom Line on Withdrawal Times
The bottom line is that when it comes to the best casino withdrawal times US players don’t have a lot of choices.
The number of online casinos is limited and the payout time frames are the way they are.
If you’re an impatient player and want to receive your winnings as fast as possible the best way is to go with Bitcoin withdrawals and deposits.
This way you will get your winnings much faster than you would by using any other withdrawal method.
At the moment that’s the situation with US online casinos. Still, there is a glimmer of hope that the US will go back to the world gambling scene in the near future, following the example of New Jersey.
When that time comes everything is bound to change and US players can truly experience the best casino withdrawal times.
Can you really win real money online in the US? Online gambling is heavily regulated in most states but it’s actually still possible to enjoy the fruits of betting and winning at online casinos.
How to win real money online in the US
Right off the bat, the thought crosses your mind that you need to deposit a lot of real money in order to win something back from the online casinos.
Some people don’t trust these establishments and think that they are there to only take your money and you can never withdraw real money of your own, this is not the case.
In this article, we will try to explain how exactly you can win real money online in US casinos and what’s the best way to get started.
Joining an Online Casino
The first step to win real money at an online casino is to create a player account. This is a very easy process and shouldn’t take more than a few minutes for you to complete.
Once you visit the casino website all you need to do is find the register button.
After that, you will need to enter all of your personal details as they are on your ID card. You need to enter the correct details since the casino will need to verify your account later on and they must match with your ID.
Once your casino account is set up you can make your first deposit at the casino or you can claim a no deposit sign up bonus.
No deposit sign up bonus
These types of bonuses are very common at the online casino. Since the competition in the online gambling sector is quite fierce many online casinos will offer new players some no deposit sign up bonus in exchange for creating an account at the casino.
This is a great marketing move since the player will create an account and can make a real money deposit in the future.
On the other hand, it’s also great for the player since you can win real money from this promotion.
We have found some great online casinos offering no deposit bonuses so you can play with a free chip, simply click on Get Bonus to retrieve your free chip with a chance to win real money!
Slots of Vegas$25 Free Chip - No Deposit Required Bonus Code: SOV25
You can make a minimum $20 deposit at an online casino and claim 200% bonus or more. This means that you will have a total of $60 to play with, $20 from your deposit and $40 from the bonus.
With a bigger starting bankroll, you will have bigger chances of winning real money at the casino and making a substantial withdrawal.
Bonus terms and conditions
When newbie players read about no deposit bonuses and match deposit promos one idea instantly comes to mind: “I can make a deposit, claim a bonus and withdraw the entire amount.”
But this isn’t the case. You see, all bonus promotions at online casinos, regardless if it’s a no deposit or match bonus, come with certain terms and conditions attached.
The most common one is the bonus wagering requirement. This is the number of bets which you need to make at the casino while playing the casino games in order to convert your bonus funds to cash and make a withdrawal.
For example, a bonus promotion of $40 can come with a wagering requirement of 30 times the bonus amount. This means that you need to place bets in a total of $1,200 before you can make a withdrawal.
Bonus promotions also come with other terms like maximum bet per spin, maximum cash out value, allowed casino games and so on.
So before you claim some bonus promotion make sure to read all of the bonus terms associated with the promo.
Withdrawing from a casino
When you win real money at an online casino you want to withdraw your winnings as fast as possible. This is also a simple process and you will have no problems making a withdrawal request.
If you withdraw from a no deposit bonus you will first need to make a minimum deposit at the casino. This is done in order to confirm that the deposit method you use is in your possession.
After that, you can withdraw your deposit and your winnings in total. So if you have $100 in winnings and you made a $20 deposit to confirm your account you can withdraw $120 in total.
Another step you have to go through when you win real money at an online casino for the first time and want to withdraw your winnings is account verification.
This is done by sending in your personal documents to the casino support team, in order to confirm that you are the owner of the casino account.
The documents usually include a picture of your ID or passport, a utility bill or a bank statement in your name and a screenshot of the deposit method used to make your first deposit.
Once the casino approves the documents your withdrawal will be processed to your preferred payment method. Don’t worry, the casino will never publish your personal details or use them in any other way.
Win Real Money in the US With Jackpots
Winning a jackpot at an online casino is a dream come true for every player. If you want to win a lot of real money at the best online casino, jackpot slots are the way to go.
In one lucky spin, you can become an instant millionaire and all of your dreams can come true. So when playing for real money at online casinos make sure to give a few jackpot slots a try.
The online gambling industry in the United States took a huge blow with the passing of the UIGEA act, which banned online casinos from operating on the territory of the US.
This led to all of the major software providers like Microgaming, Playtech and Net Entertainment to ban US players from accessing their games. So soon there was a small number of online casinos with US players accepted the policy.
Nevertheless, US players still continued to play real money at the best online casinos which would have them. In recent years we can see that the climate in this industry is changing. The state of Nevada allowed for its residents to play at online casinos, but only for live poker games.
The first state to legalize online gambling in the US is New Jersey. Residents here can create an account at any New Jersey online casino and make real money deposits.
So, what’s the current situation for the rest of the US?
Do US Online Casinos Carry a Valid License
Despite the passing of the UIGEA, some operators still accepted US players.
Today US players can freely enjoy all of the casino games offered by Realtime Gaming, Betsoft Gaming, BetOnSoft, Rival Powered and WGS Technology.
This allowed some online casinos to make sure US players accepted became the policy.
The solution they came up with was very simple. They just moved their operations to the licensors which had no problems with accepting US players.
The leading country to welcome these online casinos is Costa Rica. Today you will find a number of US friendly casinos licensed in Costa Rica where you can play with real money.
Is it Safe to Gamble Real Money at Casinos which Declare US Players Accepted?
This is always the one question which bothers every online player coming from the US.
In the past, there were a few notorious groups of online casinos. Sadly they cheated players out of their winnings. But today the market is quite different.
All of the old rogue online casinos closed down today. We can see a major improvement in this sector.
Our casino experts are always looking for the most reputable online casinos where US players are accepted.
They make sure to thoroughly check the operations of each casino listing. This makes sure that every US friendly casino listed is safe to play for real money.
All you need to do is choose from our casino listings, see what it has to offer and create an account. You can play all of the casino games for real money and all of your withdrawals will be paid out in the promoted time frame.
How Can USA Players Be Accepted at Online Casinos?
You can easily make real money deposits at any of our recommended US online casinos and play the casino games. The choice of payment methods for making a deposit at online casinos which accept US players isn’t very big to start with.
Still, you can use some of the most popular payment methods like Credit and Debit cards, including American Express, Bank Transfer or Bitcoin.
When you start to play for real money at online casinos it’s inevitable to make a withdrawal request.
Luck will be on your side sooner or later and you can withdraw your winnings from any online casino from our list.
The process of making a withdrawal is quite simple. You need to visit the casino cashier and make a withdrawal request by entering the amount and choosing one of the available payment methods.
In general, there are 3 payment methods which you can use for making a withdrawal at US friendly casinos.
These methods include the traditional Bank Transfer, Check and Bitcoin. The first two are the slowest and it can take a few weeks for you to receive your winnings.
But if you use Bitcoin your withdrawal will be processed the fastest, as the transaction to Bitcoin is instant once the casino sends the funds.
Which Casinos Can US Players Enjoy for Real Money?
The answer to this question depends solely on you. Some players like to try their luck on table games. These games have the lowest house edge so you have the biggest chances of winning.
But in order to play table games, you need to learn all of the rules which come with the game and the payouts of each outcome. You will also need to employ some basic betting strategy in order to increase your chances in winning.
On the other hand, the majority of players like to play slots. Slots have a higher house edge, but on the other hand, you don’t need any experience to play slots at online casinos where US players are accepted.
All you need to do is set your bet and start spinning. If you hit a good bonus round early on you can make a big withdrawal.
Of course, you can also try jackpot slots. These games can eat away a lot of your balance, but you’re in with a chance to win the jackpot.
In the end, when playing for real money at online casinos it all comes down to luck. If you’re lucky you can win big, make a withdrawal and enjoy your winnings.
Remember you can always choose some other casino from our list. Simply make a deposit and try again. Sooner or later luck will be on your side and you will win big.
The emergence of online casinos at the turn of the century coincided with the boom of the Internet, bringing many benefits to people worldwide.While it is not fair to say that online casinos have been in direct competition with bricks and mortar establishments, recent years have shown a noticeable decline in land casino revenue across US soil.The fact that US-based online casinos are still only legal in a few states is certainly a factor in steadying the decline of land casinos, but US gamers can choose to play with hundreds of offshore-based online casinos in the USA and further afield.Certain aspects of physical casinos are impossible to replicate online. Going to a land casino can be an entertaining night out with plenty of socializing.Constantly interacting with people and hearing hundreds of slots and exciting casino games buzzing around you create a unique atmosphere, but it can be draining on your wallet.This is especially true when we consider that most casinos will do their best to ensure you spend as much as possible with free drinks and other so-called benefits. Not to mention that a trip to the land casino requires that you plan the trip, make time out of your day and set out a heftier budget.With that being said, let’s have a look at the benefits online casinos offer vs land casinos. Online casinos are the solution if going to the same local casinos is getting boring and a trip to Vegas seems too expensive and time-consuming.
Online Casino Bonuses
Online casino bonuses are a focal point of online casinos worldwide. They are the bread and butter of every seasoned online gambler. Every casino offers a sign-up bonus to start with, alongside on-going promotions in the form of no deposit bonuses, loyalty bonuses, and free spins.Land casinos will often offer you comp points that can slightly boost your bankroll, but they’re not as valuable in comparison to online casinos bonuses. Moreover, you would have to make frequent trips to fully take advantage of them, making them financially detrimental.
Online Casino Benefits
On the other hand, an online casino will often boost your balance by matching your first few deposits by 100%, 200% or even 300%, up to sums that range in the hundreds. A common online casino signup bonus will often come in the form of a 100% match up to $300, meaning with a deposit of $100 you would have $200 to play with.Online casinos offer these bonuses as an incentive to attract new players, and maintain existing ones. These bonuses offer great value because the online competition is much tighter than offline.Land casinos are geographically separated, meaning they will probably attract players that live nearby, whereas online they’re all clumped up in one place.You, as a player, get the biggest benefits, just as you would from any service or product with high competition. Keep in mind that bonuses are not free money, otherwise every online casino would go bankrupt within days.Every bonus needs to be wagered, after which any leftover cash is yours to withdraw.Wagering requirements between X30 and X40 of your bonus are considered fair, giving you a reasonable amount of time to fully wager your bonus.Most players do make the most of their bonuses, which is why casino operators refer to them as acquisition costs.
The Online Casino Convenience Factor
We mentioned the convenience factor a few times so far, but its importance is probably the biggest reason for the rise of online casinos in the past few decades.Initially, online casinos were fewer in number, and many gamers were concerned about security and payouts. Those days are long gone, as we’re now dealing with a flourishing, regulated multi-billion dollar market.Going to a land casino can be a thrilling affair, but these trips are more consuming on both your time and wallet.
Playing Online is Quick and Easy
Online, you can hop on and play within seconds from the comfort of your home. You don’t have to dress up, gas up your car, or anything like that.Also, online mobile casinos will let you play from wherever you are, whenever you like, so long as you have an internet connection.Android, iOS, Blackberry, it doesn’t matter what you’re using. Every modern online casino boasts mobile support and hundreds of mobile slots and table games to choose from.Whether you’re lying on your couch or relaxing at a coffeehouse, virtual casinos are but a few taps away.More importantly, online casinos are open 24/7, 365 days of the year. Most of them offer speedy live chat service, ready and able to answer any of your questions or solve any issues within minutes.
Online Casino Payouts
There are costs to licensing and maintaining both forms of casinos: online and offline. Yet, it’s no secret that land casinos require much higher running costs.Many physical casinos come attached to restaurants and hotels. Not to mention the countless free drinks, buffets, live band performances, and what have you.With all these costs in mind, and considering that the bulk of land casinos profits come from the games themselves, the result is lower RTP (Return To Player) of physical casino games across the board.Online games on the other hand feature a high RTP, in part due to the high competition. The average online slot machine has a RTP between 93% and 97%, making gaming online a more profitable affair.
Play Online Casino For Wider Choice of Games
Bricks and mortar casinos are limited to how much physical gaming machines they can accommodate.It is true that some Las Vegas casinos are so huge they have close to 2000 slot machines, but many of them are machines of the same game. Meaning, the variety in actual games is significantly smaller in comparison to online games.Online, there are dozens of top quality gaming providers which supply casinos with new games on a regular basis.Moreover, you’ll find online video slots to be more aesthetically advanced in terms of graphics, audio effects, themes, and bonus features.Not to mention that many casinos also have Live Dealer tables, where you can play and interact with professional presenters via HD streams in real time, bringing you the best of both worlds at the comfort of your home.
Choosing an online casino is no easy task, especially if you’re a new player. There are literally hundreds, if not thousands, of online casinos, so determining what separates the good from the bad means figuring your way around many different factors.Here at 5 Best Casinos we specialise in offering all the $5 deposit casinos available to you, but we also want to educate you in how to choose a casino too.This in-depth guide will let you know of everything you should look out for when choosing an online casino. In the meantime, check out our extensive review section for our vetted and safe online casinos, with certified licenses and great online bonus offers.
Online Casino Licensing and Security
A casino’s license is hugely important when choosing where to play. You’d be surprised at how many players are unaware of this, often risking putting their money into the hands of fraudulent operators.The first thing you should do when entering a new online casino is to check their license. It will usually be listed at the bottom of their website, likely on every page in the footer, alongside a link to the licensing body where you can get details that will verify the legitimacy of said license in the register. Anyone can write text saying they are licensed, which is why proper verification is required.All of the online casinos on our website, offering some of the best casino games are properly and legitimately regulated and licensed. This information will be useful if you run into an unknown online casino through your own volition.The best and safest online casino licensing bodies include, but are not limited to:
These licensing bodies hold operators and casino game providers accountable if they do not meet the standards of services offered on their sites and if they do not truly operate a fair play and responsible gaming policy.Licensing bodies can also mediate issues you may have with an online casino, such as unfair treatment of any sort, be it voided funds for no reason, unexplained account closures or anything else.If you come across an online casino with no license, run for the hills.
Are Online Casinos Safe to Use?
When playing online, it is of the utmost importance that your credit card, e-wallet and banking information, as well as your personal account info is kept safe at all times by all parties including the operator themselves.Every online casino that aims to safeguard user information must employ site-wide SSL (Secure Sockets Layer) protection. You can identify this by looking at the far left of the address bar on your browser. If you see a green padlock icon on any page where sensitive information is required, then you’re good to go.This all being the case, all website pages’ URLs should also have a prefix of ‘htps://’ rather than just http://.
What is an Auditing Certificate?
Any auditing certificates a casino has are a huge plus. Third-party auditors, such as eCogra, check the fairness of all online casino games through methodical testing. If you see a certificate of this kind on a casino site, you can rest assured that their games are fair and all RTP information is correct.Pay attention to the date of the latest audit, however, as a successful audit in 2015 may not be worth much in 2019.
Varied Banking Options and Fast Payouts
Having a wide selection of payment options is essential to a hassle-free gaming experience. It is always preferential for any online casino to let you make banking transactions via a fairly extensive range of credit and debit cards, e-wallets and bank transfers.
Best E-Wallet Payment Methods for Online Casinos
Best Credit and Debit Cards for Online Casinos
Using Cryptocurrency at Online Casinos
A good chunk of online casinos nowadays are starting to offer cryptocurrency as an option for deposits and withdrawals. Especially useful for USA players, cryptocurrency offers several benefits:
Little to No Fees
The most common cryptocurrency online casino options are Litecoin, Bitcoin, and Funfair Coin. If you’ve never used a cryptocurrency before, you will need to read up on how setup your crypto wallet before getting started.Don’t be alarmed though, as even though cryptocurrencies form a fairly complex topic, you don’t need to learn the precise ins and outs to start using them. After all, all of us use traditional currency on a daily basis, yet only a small minority understand how the economy works!
Why Use an E-Wallet?
Perhaps an even more important than a wide banking selection is smooth and fast payouts. This is why we recommend using e-wallets whenever they’re available. They provide the fastest payouts on the market. Your withdrawals will usually take 1 to 2 business days to process, often within 24 hours of your request.Due to the multiple channels payments have to go through, credit and debit cards and bank transfers may take 2 to 7 business days in most cases. Deposits, regardless of payment method though, are always instant.
How Does Identity Verification at Casinos Work?
For security reasons, almost every online casino will require you verify your identity before you can request payouts.Look at the casino’s ID verification requirements and send your relevant documents via e-mail. In most cases, they consist of photos or scans of your personal ID card, credit/debit card you’ve used to deposit and proof of address by sending a utility bill no older than 3/6 months.
Top Quality Games and Software
At the end of the day, online casinos are all about gaming, playing and having fun. This is why it is essential you have a good and varied selection of games to pick from. However, setting certain criteria when it comes to choice of games is not a straightforward task, as it mostly depends on your preference.What you need to know is that the games you are playing are supplied by reputable gaming operators with good payouts across the board. There are dozens of gaming suppliers on the market. Here are some of the best casinos online:
Real Time Gaming (RTG)
Play N GO
If you’re unfamiliar with a certain set of games at a casino, you can always try them for free before playing for real money. This way you can get a general idea of how the game plays out before you invest your cash.
Live Casino Games
If you like Table Games, then finding an online casino with live dealer tables will take your online gaming experience to the next level.Live Casinos will put you face to face with professional presenters via high-definition streams. There, you chat with fellow players, the presenters themselves, and enjoy an all-around immersive experience on your favorite table games.
Customer Support Services
At the heart of the best online casinos on the market is reliable and easily accessible customer service. Having quickly accessible support channels is essential for smooth online gaming activities.Often, the best way to evaluate an online casino is by their quality of customer support. Our recommendation, when entering a new casino, is to contact them immediately and analyze their response. If a casino’s support agents treat you well, then it is likely other factors of their portfolio are up to par and vice-versa.What makes for good customer service? First, you want your online casino of choice to have live chat. It is a must in this day and age; getting a fast answer to your questions or a quick solution to your specific issue will go a long way to making you a satisfied and loyal customer.Live chat response times are important, and most online casinos tend to reply within a few minutes. What’s more important, however, is the quality of their response. You want the agent on the other side to be able to understand your question, answer politely and in an informative manner.
Sign-Up Bonuses & Promotions
Bonuses are a factor you shouldn’t worry about, as online casinos will likely shower you with more bonuses you can ever claim. The cutthroat online competition makes sure every online casino presents you with a lucrative sign-up offer.What’s more important, are the bonus ‘terms,’ as they will often tell you the fairness of an online casino. Before we get into bonus terms, though, let’s go through the most common bonus types.
Welcome Bonuses at Casinos
The champion of all promotions is the welcome bonus. It is often the highest-value bonus you can receive from any given online casino. Its aim is to entice you to join and provide a significant boost to your account balance on your first few deposits.Welcome offers usually come in the form of a 100% up to 300% match on your deposit, up to a certain sum, such as $100, 200$, $300, up to $1,000 in some cases. For instance, if you’ve claimed a 100% bonus up to $100, you would have $200 to play with.
Free Spins Bonuses
As time goes by, more and more casinos are starting to offer Free Spins bonuses, either as part of their welcome offer or as an individual offer.Free Spins Bonuses are simple, you will receive a certain amount of free spins, and the casino will inform you of their value and instruct you on which game/s you can use them on. In most cases, your Free Spins winnings will be converted into bonus cash that needs to be wagered before you can withdraw your leftover balance.
Pay Attention to the Bonus Terms
What Are Wagering Requirements?
Wagering requirements determine how many times a bonus needs to be wagered before you can request a payout on your remaining cash balance. Most bonuses need to be wagered 30 to 40 times of your deposit and bonus amount.Say, for instance, you’ve claimed a 100% up to $100 bonus with X30 wagering requirements of your deposit + bonus funds. This means that you will have to wager $6000 on select casino games. Wagering stands for placing bets regardless of their outcome.
Things You Need To Pay Special Attention To
We always recommend reading the full bonus terms of each bonus before you claim it, but here are the most important bonus terms to look out for:1. Max CashoutSome bonuses, although rarely, come with a pre-determined maximum cashout, let’s say – $1000. Meaning, no matter how much you’ve won, you won’t be able to withdraw more than that amount.2. Maximum BetOnline casinos will usually restrict you with a maximum bet value of $5 per stake. If you violate the maximum bet rule, you risk forfeiting your bonus funds and any winnings generated from said funds.3. Eligible Wagering GamesBonuses can’t be wagered on every casino game. Usually, online casinos will restrict you to playing Slots only. If Table Games are eligible for wagering, they will usually come with a smaller wagering contribution, such as 10%.In this case, if a bonus needs to be wagered X30 times, the wagering rate would spike to X300 times of your bonus cash. This is because Table Games offer more chances to maintain a steady bankroll due to their low house edge, such as in Blackjack or Roulette.4. Wagering RequirementsAnywhere between X30 and X35 turnover requirements of your bonus is considered an industry average, thus making it an acceptable wagering rate. X40 is also acceptable, but anything higher and you will start pushing your luck.The time it would take to wager a bonus 50 times, for example, would make it realistically unachievable. There’s a good chance you will lose all your cash in the process.5. No Deposit BonusesEvery gamer’s favorite bonus, the no deposit bonus is straightforward. You get free money from the casino without investing a cent on your part, giving you an opportunity to get a feel of the casino with no strings attached.No Deposit Bonuses come in the form of Free Spins or straight-up Bonus Cash. They are known for their higher wagering requirements – up to X100, and maximum cashout, usually set at $100.A good portion of USA online casinos offer no deposit bonuses, so be on the lookout in our reviews and bonuses section to find the latest promotions and bonus deals.
The idea of protecting casino players is nothing new.
Although in the past there was a certain degree of monotony and boredom attached to the very concept of gambling responsibly, nowadays responsible gambling, responsible gaming and similar, are terms which are finally finding more and more substance, for the better.
But what does ‘responsible gambling’ really mean, who does it apply to and where is it necessary and relevant?
Responsible Gambling as a policy idea represents the communal efforts made by businesses, lawmakers, and non-governmental organizations (NGOs) to bring gambling addiction under control, to prevent underage gambling, and to ensure that players are indeed the owners of the funds they wager and gamble with.
Today, more than at any point in the history of casinos, responsible gambling is taken very seriously by both regulators and casino operators.
Responsible Gambling and What It Stands For
Gambling stakeholders are today held to the highest standards of morality and fairness issued by a central regulatory body, such as the Malta Gaming Authority (MGA), the UK Gambling Commission (UKGC), the Pennsylvania Gaming Control Board (PGCB), and any national and regional watchdog.
The idea is to focus on several areas that in turn guarantee the sanctity and responsibility of the industry. The key tenets include:
Customer protection from falling
victim to erratic and ruinous gambling behavior;
Stopping underage gambling by
ordering identity checks and restricting access;
Self-exclusion schemes that are
developed nationally to prevent addictive gamers from participating;
AML and KYC practices to establish
the source of wealth and rule out a criminal link;
Secure online gaming environment
where payments can be carried out safely;
Ethical and responsible marketing so
as not to mislead customers
A multi-layer phenomenon, regulators have been increasing their level of scrutiny into individual businesses and casinos online and on land; but what stands behind each aspect of this experience?
Protecting Customers from Developing Gambling Addiction
Casinos are increasingly held responsible for failing to spot erratic gambling behavior and the online casino world is no different. Most commonly, this involves players who win big and immediately stake the amount they have won, often ending up losing it altogether.
Other indications of gambling addiction and irresponsible gambling practices include instances of players systematically spending high amounts of money which must trigger additional checks and wealth assessments to establish whether the player can afford to play with specific sums that raise suspicion.
Fighting Underage Gambling
Underage gambling is a particularly sensitive issue and for all it’s worth, it has generally been successfully kept in check. The instances of adolescent players even gaining access to a casino in the USA and the wider world have thankfully been few.
Regulators have even expanded their remit to include ‘skins’ and ‘loot boxes,’ which are more commonly associated with video games, but jurisdictions such as Australia and the United States have qualified them as risks to underage gambling.
National Self-Exclusion Scheme
With the United States only now beginning to fully legalize the online gambling industry, self-exclusion is a hot topic. In places like the United Kingdom, this has been already a well-established practice, to name the national initiative GamStop.
There have been issues with GameStop, as a recent BBC investigation has shown that people can play the system, but self-exclusion has been largely helpful, allowing vulnerable people to exclude themselves for a year, five years or even a lifetime. The exclusion online extends to land-based casinos, although its total enforcement has been a challenge.
Ethical and Responsible Marketing of Gambling Establishments
Advertising responsibly has become a hot topic. Regulators that monitor advertisements and those that take care of gambling licensing have joined forces to ensure that the marketing used by operators is ethical.
Sportsbook in the United Kingdom, for example, have
opted for a voluntary water-shed ban, choosing not to display gambling content
in specific time-frames in order to protect young gamers from harm.
There has been some criticism that sportsbooks have been using the retreat from TV to bolster their advertising on the Internet, but with regulators quickly catching up, responsible gambling is generally being responsibly upheld on the Internet
Know Your Casino Customers Sooner Rather than Later
So far, many casinos have allowed players to experience the free-play version of products prior to signing up for the casino in question.
This is about to change with these free play options becoming inaccessible to non-registered users. So that only real money players who have been verified can play.
Furthermore, in the UK, it has been decided that each
new account holder will have to verify their identity within 72 hours so that casinos
can ensure that:
The player is of the legal age
His funds are of legal origin
The player is not an addict
The latest regulatory actions have really been a push in the right direction giving more substance to the entire concept of Responsible Gambling.
If until 2016 there had been some ‘wiggle room’ for companies to avoid tougher actions against them, in 2019 there are fast becoming fewer opportunities for misinterpreting what responsible gambling really means.
The Organizations That Help with Problem Gambling
Responsible gambling is a broad concept to which many parties subscribe themselves. This includes NGOs that are actively seeking to assist people who may be showing negative symptoms associated to gambling.
As a result, there are dozens of trustworthy and
reliable helplines and organizations quite ready to help, including:
A national self-exclusion scheme is not an option yet in the USA, but as states pool efforts, they will continually seek to introduce more universal solutions.
Gambling Responsibly by Yourself
While it remains solely in the mandate of regulators and operators to introduce ethical and responsible gambling practices, you can also take steps to ensure that you are playing safely and securely online or in a casino.
You can benefit from licensed operator’s listed helplines or introduce limits to your weekly and monthly gambling habits, which should be easily accessible via your account settings menu.
Ultimately, you also have to keep an eye on your
habits and try to limit the reckless behavior. It’s not necessarily easy to
identify yourself with the condition, but as regulator have given more meaning
to the concept of responsible gambling today, finding help has become very