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Great Britain is the leading European country for online betting with the amount of online gamblers doubling in the past 5 years.

An independent research review has showed that of the 3.3 million regular internet gamblers in Europe, one in three are from the U.K.

Europe’s regular gamblers stake around £3.5bn a year – an average of £1000 each. The review, published by the government, was commissioned ahead of the first international online gambling summit held today. There are now 2300 online gambling web sites across the world. Many are based in a few key nations with Antigua, which hosts 537, top of the pile, and Costa Rica second with 474.

Internet gambling on many sports is illegal in the U.S. and many online betting firms have set up offshore tax havens which are among the 85 areas of the world that current regulate online betting to dodge the US laws.
Tessa Jowell, Culture, Media and Sport Secretary and Richard Caborn, the Sports Minister, spent the morning in talks with representatives from 33 different countries at Ascot racecourse to agree a communique setting out shared regulatory principles upon which they all agreed.

Mr Caborn denied claims that the United Kingdom was only reacting to action taken in America and that the attempt to regulate the online gambling industry was not a bid to “grab” tax revenue. He also stressed that the government would not protect UK online gaming executives from extradition requests if they took internet bets from countries in which they were illegal.

An action plan contained within the document proposes co-operation between countries in the development of measures to check game players’ ages and identity and ways to address problem gambling and addiction.