Social Isolation Increased The Number Of Players In Online Casinos

In the first half of 2020, online gambling and betting activities made a gross revenue of 138.9 million euros. The numbers show a significant increase of 44.9% compared to the revenue made in the first half of 2019.

Number of punters rose 26%

In addition to the increase in betting volume for the second quarter of this year, the SRIJ report also shows an increase of 26% in the same period of 2019. Most players are found to be interested in two categories, casual games, and sports betting.

Mandatory confinement and the forced lay-off were important factors in the rise of new online gamblers. Many people saw the potential of online gambling and betting as a form of entertainment and an opportunity to earn extra money, considering that many have suddenly had much time to spare due to factors resulting from the COVID-19 issue.

More so, the diversity of offers and the bonuses that many bookmakers and gaming portals give to new registrants have helped in the growth of online gamblers during confinement.

Sites like mega888 are a good example of this. The site offers bonuses to inspire trials and in addition. It is the most visited online casino in South East Asia. They offer top-rated online slot games that anyone can find entertainment from.

Online sports betting: breaks in April, signs of recovery in May and June

In sports betting, local and international sports events have been put to a halt during the peak of the lockdown (March to June). This halt has had a negative impact on the betting industry and caused them to lose a lot of money in the process.

In January and February of this year, online sports betting value is almost the same as the values ​​recorded in the same period of 2019. Come March, there was a significant decrease in the volume of online sports betting compared to last year. Slow recovery had been shown in May when some sports competitions had been allowed.

While the sports betting industry had been greatly impacted by the issue of COVID-19, there’s a great chance of recovery and healing in the months and years ahead. Considering the people’s love for games, there’s no denying that recovery will be achieved sooner than later. And while online gambling has increased its number of players, and with the reopening of some casinos, the chance of balancing the economy is still greater than falling into a great depression.

Most Played Gambling Games And Activities

The number of individuals registering in online gambling sites like slot online is continuously increasing as many now opt to gamble from home rather than visiting a physical casino. Moreover, many find online gambling sites such as slot online more relaxing than an actual casino since they constantly feel the pressure of playing a bit faster as there are other players who impatiently wait for turn to play. With online gambling, such pressure is zero to less as you could relatively play in peace, at your own pace, and without other players eyeing you to hurry.

Most-played Gambling Games

Many users of online gambling sites like slot online say that online gambling is much more exciting than an actual casino as they offer a gamut of betting games to choose from and offer more and various bonuses, rewards and promotions. Furthermore, pay outs of online gambling sites are typically greater than actual casinos.

So, what exciting gambling games and activities are mostly played today that many online casinos offer?

SPORTS BETTING

Sports betting is a type of gambling activity wherein punters put wagers on the result of a sporting event such as the hockey, basketball, baseball, horse racing, and other major sporting events. The odds of winning at sports betting are unknown but could be estimated. Hence, it is imperative that punters understand how sports betting works and knowledge of the sport (including player/team stats, performance, and everything else) to make a good analysis and estimation to make well-informed wagering decision. The sports betting sector generates 50% of the global gambling revenue as per H2 Gambling Capital.  

CASINO GAMES

The global gambling revenue generated by casino games makes up about 26% as per a study conducted by H2 Gambling Capital. Casinos, both online and offline, offer a variety of games such as the slots, roulette, card tables, dice games, and more wherein most casino games are handled by a dealer. But many play the slot online as it has more exciting variety, are regularly updated, and have more bonuses.

POKER

Poker is said to be one of the oldest card games and probably the most debated on. These days, there are discussions on whether the game is a kind of gambling or sport, as several countries legalize and regulate poker as gambling whereas others as a type of sport. Poker revenue accounts for 6% of the gambling revenue worldwide. Excellent poker skills and strategies are imperative to win and be successful at making a living at of playing poker.

BINGO

Bingo generates 4% of the global gambling revenue. It is a game that is regarded as a type of lottery originating in Europe in the 16th century. Bingo is very much a game of chance as numbers are randomly drawn and players mark-off the corresponding numbers on their bingo cards. The first player who are lucky to mark-off all the randomly drawn numbers form their card is the winner.

 

The Market Of Sports Betting

By this time, many are aware that one could start a business even without needing to own a physical commercial or office space as well as pay for print advertising, wherein both could be costly.

Businesses that center on providing services are a great match for the online market, even allowing small businesses to flourish with a fairly low initial capital because of technology in this day and age. The question is, which industry or niche must you try to embark on.

For instance, slot Joker123 is the quickest growing platform of online casino games in Asia. Many sign up to this site since it has an exceptional probability wherein most players could get a winning rate that’s decent enough than other games.

The Market of Sports Betting

This is one online business to consider venturing into especially if you are zealous about gambling. Online gambling is one of the swiftest growing markets around the world, and by 2024 is projected to reach about $96.89 billion, meaning the market is expected to get bigger at a CAGR of 10.8%. These figures were established on conditions of the market from 2016, with the supreme court recently deciding on lifting the federal ban on sports betting effectively. In the years to come, these growth predictions will undeniably rise, making this the perfect time to get dive into the action.

Starting A Sports Betting Business

One of the most lucrative business in the industry of gambling that you may want to consider is sports betting. As mentioned, the industry of sports betting is one of the most gainful niches. It is projected that in the following years, no less than 32 states in the US will have passed legislation allowing or legalizing sports betting. As soon as the rest of the states would realize how much profits the industry could generate, they will surely trail along.

However, states may regulate the number of sports gambling businesses to be permitted to operate. This denotes that only businesses or companies with plenty of experience as well as abundant resources to follow the regulations and guidelines of the legislation will be permitted to take part in the market. But this may take effect for around 5 years, which gives you sufficient time to establish yourself if you decide on embarking on the industry.

Do bear in mind that establishing an online business on sports betting on your own could be challenging, taxing, risky as well as particularly costly. But, if you truly want to have a piece of the action, the smartest way is to partner with a pay per head (PPH) company. A PPH company offers sports betting services which includes software, servers, as well as databases, for betting, not to mention betting odds.

𐌢