Online gambling slows growth
It is no secret that online gambling has been developing very quickly until recently. If in 2004 the income of virtual casino operators was estimated at just over 12 billion dollars, then in less than 2019 it is more than 43 billion dollars. By the end of the year, the total share of online gambling will be 10%, compared to 6% eight years earlier. Just a year ago, it was 9%.
However, experts are confident that such rapid growth is fading away, and The share of virtual gambling will not increase in the near future. These findings are published on the website of the authoritative agency GBGC. As indicated in the report, a significant slowdown in the growth of this market segment is due to the aggressive policy of land-based casinos, which are unwilling to give up such a tasty piece of the pie. Naturally, online games are a more convenient format than games in land-based casinos. However, modern clubs in Macau, Singapore and the Philippines have created such conditions for visitors that the influx of players to establishments located in these regions is only increasing. Today, the profit received in land-based casinos in this part of the world is seven times higher than the casino income of five years ago.
By the way, Online poker is not as popular as it used to be. For example, in 2010 this game format had 16% of the total poker market, and today only 7%. At the same time, the trend of decreasing turnover of online poker will continue in the coming years.
Surprisingly, social casinos based on Facebook have pulled a significant portion of gamers away from virtual platforms. Naturally, such types of games cannot be considered competitors to the entertainment of regular online casinos where people play for money, but this is a fact and nothing can be done about it.
Another factor that has influenced the decline in user interest in online casinos is the emergence of a large number of national lotteries that distribute their products on the Internet. This seriously distracts players from virtual clubs.
