Online gambling is one of the most popular pastimes around the world, and Koreans aren’t immune to its charms. The online gambling market size in 2022 reached an all-time high of USD 70.02 billion this year. Here’s what you need to know before making up your mind about any casino website out there.
Gambling in Korea
Unfortunately, the gambling laws in the country are less than friendly. According to the
Game Industry Act, there’s no legal difference between online and land-based gambling. So, it means that, technically, casino games are prohibited in both forms. Still, it doesn’t mean that Korean gamblers can’t enjoy the best online casinos in the world.
The prohibition prevents gambling businesses from settling in the country. Yet, it doesn’t prohibit citizens from gambling on offshore platforms. You can even compare different online casinos available for Korean players because there are so many of them.
How to Tell the Best from the Rest
While the global online gambling market figures are soaring, local figures in Korea also look upward. According to estimates from Statista, the niche has an expected annual growth rate of 8.32% until 2025. With so many options around, it’s crucial to have a few criteria in mind, which will help you to tell high-quality online casinos from under-standard ones. Read about those criteria below.
Licensing and Certifications
Every online gambling platform must hold a valid licence from one of the several licensing agencies worldwide (MGA, UKGC, CGCB, Alderney, etc.). Operating without a valid licence is illegal, and you should always check this information first. Additionally, check for business awards and certifications (eCOGRA, IBAS, iTestLabs, etc.). They aren’t mandatory as licences but tell a story about that casino’s quality and trustworthiness.
Promotions and Bonus Schemes
One of the best ways of choosing a new online casino is by comparing bonuses, promotions, VIP programs, and other benefits. The competition in this market is gruesome, and the best online casinos fight for your attention with flashy promotions and enticing VIP programs. Don’t forget to read the Terms & Conditions of every bonus offer and check information like eligibility criteria, expiry date, and wagering requirements.
Licences and promotions are great, but in the end, we’re all there for the games. So, gaming variety is crucial for any high-quality online gambling platform. The best option will be a one-stop station for all your favourite games; some platforms have casino games and sports betting in the same place. If you love live dealer games, check this option before joining a new platform because not all casino sites have them.
Read everything about the banking services of the casino website of your choice before joining the wagon. Check if it has your preferred payment methods, what are the withdrawal timeframes, if there are fees, and so on. Typically, top-notch online casinos work with various payment methods, including multiple currencies, e-wallets, credit cards, and bank transfers.
Prefer online casinos that have well-rounded customer service. Ideally, customer services should be available via live chat, landlines, and emails. Extensive FAQ sections are another common feature of high-quality online gambling platforms.