Why Is Online Gambling Growing So Much?
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November has seen the fifth consecutive month of growth for the US gambling industry. Online gambling is growing so quickly because of the general rise in streaming and online industries.
Online gambling offers the operators three advantages: predictable, lower overhead and wider access to customers. Unlike brick and mortar casinos, there is no hard cap on the number of people playing a single game. One platform can have millions of simultaneous poker tables playing at once without any hazards to the system or the players.
The US land-based gambling sector is down 20% in 2020. This is to be expected as the pandemic has prevented the majority of players from enjoying this type of entertainment. Online gambling received a leg up in both the number of users and time spent per user.
Online gambling is easy and cheap. Most users place less than $500 in their gaming account and spend less $20 every day. A decade ago, that approach wouldn't keep you at the blackjack table even for an hour. For slots, it would be slightly over 80 runs each day provided you bet the minimum.
Online gambling is profitable because it doesn't need to focus on profits. The biggest expense for the operator is the license, which costs $35,000 annually in Curacao. Online gambling operators focus more on the players and their enjoyment. This focus made many new players try out the platforms and stay on them.
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