The disastrous effects of the Covid-19 epidemic are indisputable. It has hit hard multiple industry sectors including restaurants, hotels, travel agencies, amusement parks and land-based casinos. However, online gaming platforms and gambling websites are more prosperous than ever, if we take a look at the statistics of visitors for the past few months. A lot of gaming software providers have launched a number of new online products. How is that possible?
The inventive online gambling industry makes it possible for players to enjoy their favorite casino games with no need of exposure to the virus. For that reason, it’s not that hard to assume why the online casino industry keeps thriving in the face of the remarkable threat brought by Covid-19.
Further in the article we elaborate on the point and explain in detail why this deadly virus ended up being powerless in an attempt to wreck the online gambling industry.
A shift from land-based casinos to online platforms
While this whole pandemic thing made the brick-and-mortar casinos stagnate, it turned thousands of gamblers to the online betting platforms. The lockdown has also made live casinos highly active during this period. It’s a consequence of the fact that punters managed to partake of the convenience of playing exciting live dealer games without leaving the comfort of their own homes. All physical casino facilities have turned up to be at their service with no need to travel to another part of the city or, sometimes, country.
New online casino games have been launched during the pandemic
Due to the lockdown measures a big number of people ended up having more free time at their disposal. That is to say, more free time to spend at online casinos playing games. It was a great opportunity to present new online gaming releases so that players can choose from a large number of options.
Many gambling industry giants including Microgaming, Playtech and NetEnt got their chance to release new games with thrilling graphics and interesting features. Other software developing companies also didn’t lose their time and kept launching various online casino games. With all that said, it’s easy to conclude that the general income of the online gambling industry increased noticeably.
New casino websites establishment
A huge amount of punters turned out to be isolated from their local brick-and-mortar casinos due to the entire lockdown situation all over the world. This made people act differently and seek new ways to reach casino games. As a consequence, many punters started to look for the gambling websites and found an alternative way to make bets – playing at online casinos. At the same time, casino operators didn’t waste their time and got to open up new sites to satisfy the needs of a growing number of potential customers.
As an example, Spin Away Casino, CasinoRex and 77Spins Casino are the latest companies that started to function in the end of 2020 and they have already gained a solid customer base.
Punters also take advantage of the new gambling sites opening as they can use new players bonuses. It also has benefited the respective states where online gambling is legal. According to the statistics, the revenue from online casinos seriously increased in 2020, especially in the latter months.
While the majority of land-based casinos state losses, the entire casino industry makes up for that with the high revenue coming from the online betting platforms.
Providing balance to employment rate
The thriving online gambling industry is not the only positive effect of the lockdown, the consequences also have spread to other aspects. For example, many employees found a reliable and constant source of income working for the online casino industry.
Besides, many other business sectors are now doing better than ever, or, at least, not worse than before the pandemic. Internet providers, digital marketers, software developers, banks and other service providers have also benefited from the success of the online gambling market during the lockdown.
Whatever the reason for such an increase in people’s interest in online casinos, chances are that it’s not going to stop. The results of investigations and studies inform that the frequency of gambling increased drastically and the amount of monthly spendings almost doubled compared to last year. It remains to be seen if problem gambling only grows with these statistics, but the one thing is clear: we should take responsibility for what’s going on in our lives and apply discipline in every aspect of our lives whether it’s money spending, free time allotment or ways to entertain ourselves.
If you prefer to spend your free time playing in online casinos, we would recommend that you read our article on how to raise your consciousness while playing online casino games. It is a source of multiple helpful tips on how to play responsibly and with full awareness, so that it’s easier for you not to overspend money on gambling sites.