Gone are the days when one would require travelling hundreds of miles to visit a land-based casino to gamble. Currently, the world depends majorly on online casinos to satisfy their gambling urges. And why shouldn’t they?
Compared to the land-based casino, online casinos seem much more convenient to gamble at. Online casinos offer a wide range of casino gaming options, lucrative bonuses promotional deals, are available to explore 24/7 and much more.
But do they really offer the punters the pleasure of the classic-styled land-based casinos? Or the new generation might rather play online? Keep reading to know if online casino industry will beat land-based ones!
Let’s Begin with the Stat
Estimates show that, in 2019, the global online gambling industry reached over USD 55 billion. The market is expected to grow over USD 92.9 billion by 2023. This implicates that the industry can almost reach 80% growth in a period of just 4 years. While the users from across the globe are adding to the benefit of the online gambling industry, the European and Australian regions bring in the most traffic.
However, there also regions which have an appropriate audience for land-based casinos. For instance, Macau, in mainland China is among the top gambling destinations in the world. Its 50% revenue is garnered through land-based gambling alone.
But what is the reason behind the popularity of the online casinos?
There are several reasons for the popularity of online casinos. However, they are mainly popular because of the following reasons:
Ease of Access
Not every town or city in the world hosts a legal land-based casino. Only a few popular cities have the convenience of the magnificent physical casinos. So, players seek easier ways to gamble and online casinos offer them that space.
Wide Range of Gaming Options
It is a known fact that online casinos offer a wide range of gambling options. Many times this range exceeds well enough for punters to enjoy thoroughly. Not just the table games, the slot games variety can reach over 500 to 1000 machines on the online platform. This is usually not the case in the land-based casinos. Their range of games is limited.
Online casinos offer a variety of welcome bonuses deals like no deposit bonus, first deposit offer, second deposit offers and much more, for the new punters. Even for regular punters at any online platform, they have promotional deals and loyalty program to benefit them.
While these could be the main reasons for the popularity of the online casinos, there are still several players who prefer the charm of the land-based casinos. This is because they give the joy of physical presence in the casinos. Moreover, playing with other punters to experience the thrill of gambling is another thing for a few others.
While it might seem like the online casinos are winning, there is still scope for the land-based casinos. For many people out there, it is physical casinos that offer the ultimate comfort over the online ones!