2020 has been quite a year for many businesses and industries. The COVID-19 pandemic has surely changed many things and unfortunately, it has negatively impacted many businesses throughout the world. The implementation of lockdowns and safety protocols has harmed many industries including the gambling industry.
Many land casinos and gambling establishments were forced to temporarily halt their operations. Until today, many of these places are closed and would only operate at a limited capacity. With this, gambling hotspots like Las Vegas and the Atlantic City look and feel different.
However, it’s not all bad for the gambling industry. The online casino gaming sector has quite benefited from the pandemic. In March last year, when the pandemic started, many online casino operators reported a spike in their traffic. Since then, gambling sites with teen Patti online live casino game and other real money games have gained more attention and popularity from people all over the world.
Why People Got into Online Real Money Games Despite the Health Crisis
A quick and easy explanation as to why people are now showing more interest in playing real money games online is that many of them are still stuck at home. There are still countries that are in lockdowns and many people are still working remotely. This gives them a lot of time to do more activities. However, since outdoor activities are still limited, they turn to the internet.
Many found online casino gaming a great way to spend their free time. Online casino games don’t necessarily have to be expensive as well and so it’s still achievable even if the economy of many countries is suffering a bit.
Some sports bettors have turned to casino gaming when the sports industry was dull at some point. Last year, many major sports leagues had to cancel or postpone tournaments like the English Premier League, the NBA, the Indian Premier League, and so on.
This left many sports punters with no great odds to wager on and so, there were many of them to turned to online casino gaming to satisfy their gambling needs. Even if the majority of sports events are back to their regular seasons, many sports punters just learned to enjoy playing casino games too.
With all that, the online gambling sector has benefited from the effects of the pandemic. The health crisis somehow gave the industry a boost and now, many are wondering if people will still spend time on online casinos once the pandemic wanes.
The Success of Online Casinos During the Pandemic
There are specific places that felt how the pandemic positively impacted the online gambling sector. The Lead Analyst of PLAYNJ, Dustin Gouker, spoke about how online casinos were benefactors of the trends that rose during the health crisis.
Gouker said, “At the start of the pandemic, people increasingly sought out ways to do things at home and online, not just for gambling, but almost everything. And online casinos were one of the benefactors of that trend, especially in New Jersey and Pennsylvania, where online casinos were already legal. That trend brought new customers that might not have found them otherwise.”
Jane Bokunewicz, Stockton University’s Lloyd D. Levenson Institute of Gaming, Hospitality, and Tourism coordinator has talked about how online gaming will still not trump in-person gaming.
Bokunewicz said, “While insight into specific gambling behavior requires further investigation, we have seen a shift in the gaming market overall. But, just because online gaming is particularly popular now, under pandemic conditions, does not mean that it will replace in-person gaming options when pandemic restrictions are finally lifted.”
The vice president of Golden Nugget Online Gaming, Warren Steven, also spoke about the success of online gaming. He said, “This was due to an accelerated adoption of online gaming by casino players, meaning a higher number of new players, especially when casinos were closed, but also, with people staying at home and having fewer entertainment options than usual, players tended to increase their frequency of play for a few months, while some patrons who had stopped playing came back to play.”
What Will Happen Next?
Well, a direct answer to the question of whether online casinos will remain to be popular post-pandemic is it could very well be. The truth is that even without the pandemic, the online gambling sector has been steadily growing.
The iGaming sector has been constantly evolving and with the influence of social media, technology, and economical and political factors, the industry simply has more to offer. It’s capable of catering to the demands of the current market especially when it comes to making transactions convenient.
Today, people have been gambling with their mobile devices. Mobile technology has made gambling more accessible than ever. It also helps that online security has also improved in the last decade. Online payment solutions have also made transactions on the internet fast, safe, and easy.