A recent study shows that between 2020 and 2021, the number of online gamblers increased tremendously. In the report, a regular bettor gambled online six times more during the same period.
More men gambled compared to women and there was a big increase in the number of younger gamblers. Looking at the report, it is evident that the casino industry is destined to flourish more but the stakeholders must investigate the driving factors to help them know which areas they ought to improve.
Increase in the number of online casinos and sportsbooks
For the last few years, the number of new online sportsbooks has increased to more than double, thanks to fast growth in technology. It is not like before when players had a few options of casinos to visit and rules they had to strictly follow. Today, a gambler can access an online casino within seconds after searching the simplest word on Google: online casino. This development has provided opportunities for more people to gamble.
Multiple gambling options
Technology has enabled sportsbook developers to include multiple gambling options to give gamblers more chances to try their luck. A player has a chance to play poker, slots, blackjack, roulette, craps, etc. A gambler is free to bet in any of these or place multiple bets to increase their chances of winning. This means more people can join gambling and the numbers have been increasing daily.
Mobile phone gambling
The mobile phone is a major contributor to the number of new gamblers registering daily. The phone is the simplest gadget to carry around wherever you are. It doesn’t matter if you are going camping, resting in your house, commuting, or resting in a local park. A gambler can log in to their gambling account and place a bet.
Desire to win more
Many people gamble more because they want to keep trying their luck and will not stop at anything until they win. Many gamblers are into compulsive gambling because they believe they might win the next bet. True to their hopes, they win in the end and learn more tricks in the process to improve their gambling skills.
Online casinos are advertising more than ever. Gambling advertisements are allowed in many places where it is legal to gamble, and casino owners are using this opportunity to advertise. They give deposit bonuses, free spins, welcome bonuses, no deposit bonuses, etc. All these are meant to attract new gamblers to register and the rest to gamble more. The trick has proved to work effectively.