What Impact Is Coronavirus Having
|The recent Coronavirus
pandemic, officially known as the COVID-19 pandemic, impacted lives and
industries all over the world. And the gambling industry has not been an
exception to this nor has it been the online gambling industry either.
Yet, the advent of this pandemic has hit land-based gambling and online
gambling much differently. It is to be expected, of course, the medium in which
one of them takes place is the antithesis of the other.
Yet, has it all
been as bleak for the online gambling industry as it has been for the vast
majority of industries, land-based gambling included? To find out about that,
simply keep reading because theanswers might surprise you.
Less gambling Spending?
Times are tough all over. Theres less work due to the
necessary measures taking to minimize the pandemics impact. Less work
means less money.
Less money means less to spend on gambling, right?
Wrong. The pandemic took a toll on land-based gambling due to attendance being
Yet, the digital register machine is still cashing in when
it comes to online gambling. The total spending also appears to have increased
Pandemic Drove Gamblers Online
This is true for land-based
gamblers at least. Those that were online before it still are but they have
developed a new appreciation of the advantages online gambling has. After
months of being closed down, the Las Vegas strip, the land-based gambling
Mecca, opened up back in June. But it did open under COVID-19 pandemic
This means reduced total establishment capacity, social
distancing, and a whole lot of disinfectant to clean everything that gets
touched. These regulations understandably puts off quite a few people and will,
of course, affect attendance ongoing.
But where it will not make one
inch of difference is of course in the online
gambling world. Which is why many die-hard offline gamblers are now trying
online gambling for the first time. Existing online gamblers are trying their
luck with different operators to take advantage of the improved offers
And more and more gambling curious people are discovering a
new digital world. Its a big year for online gambling, which leads us
Gambling to Grow
Building on the last point, and in a more
revenue-focused angle, you can expect online gambling to only grow larger in
2020. For the year 2019, online gambling worldwide reached a total value of
$58.9 billion market share. For the year 2020, however, analysts are already
expecting for it to grow past the $66.7 billion at least.
total increase of at least 13.2% of compound annual growth rate. And why is
that? Well, thanks to a surplus of free time that most of the people on the
planet have due to a certain pandemic.
Good to see theres a silver
lining, at least for online gamblings profits and bored people with money
worldwide, of course.
Leaving the fact that the
whole planet was woefully unprepared for a worldwide pandemic to one side, the
coronavirus pandemic has been certainly a win for the online gambling industry.
No matter from which angle you look at it.
People who have more free
time have been able to find money to gamble with, whether sensibly or
otherwise. The shear convenience of online services, which of course includes
online gambling, and the modern level of speed and reliability, meant that as
increase in activity was inevitable and likely to be large in scale.
worldwide population whose way of life has been interrupted due to corona virus
could not be more grateful for technological solutions. If the pandemic has
proven something is that online education, online work, and online gambling are
here to stay, permanently.