Gambling and playing games are inherent to human beings. Humans have and will always play games, no matter what happens. Furthermore, something that compounds onto this truth is stakes. There will always be bets between each other to add enjoyment to those games we as humans play.
Land Based Casinos
The history of live, land-based casinos is very clear and well known. There are very famous and romanticised native American land laws in the USA dictating the location of these. Not everywhere in Australia, Asia, Africa or Latin America is available to gamble live.
For many people, they simply do not have access to a casino to gamble, and so therefore much impromptu gambling takes place in the cafes, dining rooms and streets of most places around the world.
The Greatness Of Land Casinos
Many good times, events and memories have been made in casinos around the world. Winning live is unlike winning remotely. Celebrating with the people around you. Sweating the long draw into whether the dice or ball falls were you have bet. But ultimately land based casinos have more fixed costs than online. They are more expensive to run, and as we have seen, difficult to access.
The prevalence of the modern online casinos has now pulled much of the business away from the traditional live ones.
The Online Casino Business
The growth of the online casinos has been exacerbated by Covid-19. As reported by an expert of the online casinos industry. The global online gambling market is expected to grow from $64.13 billion in 2020 to $72.02 billion in 2021 at a compound annual growth rate of 12.3%.
The growth is mainly due to companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $112.09 billion in 2025 at a CAGR of 12%.
The Inevitable Trajectory Of Online Versus Land-Based
As we can see through the research reported above. The growth of online casinos is significant and strong.
There have been so many examples of wonderful online casinos making the transition from life to online very seamless and easy. The beauty of online casinos is that you can play significantly more games than you could live. There is optionality.
Whether you are in any corner of the slots world. Any corner of the card world. Or even into the esoteric and random options that come through online gambling, then you can find this online. It is very rare you could find this extensive amount of options live anywhere. Even in the heart of Las Vegas, you will find more options for online gaming from the middle of the Sahara with an internet connection.
And so clearly you can see that because of the factors made evident above there is a preference for online gaming over live.
One is on an upwards trajectory and one on the downwards. This is not to say one is finished, only that the growth and therefore investment and improvement dollars will only flow one way.
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