Impact of Covid 19 on the casino business of the world

The spread of the Covid disease has affected every business or the other in some way. In that case, how can the gambling industry be far behind? Though the Covid disease has put a tremendous mental pressure on the people at large, more people stayed at home and continued to do gambling from their home. The stage was set few years back when gambling was shifted to online version from the land based casinos. Many casinos started their online version in addition to the land based casinos. In addition to these, many websites also came into the market which offered online gambling opportunities.

Keeping with this trend, many people started doing gambling right from the comfort of their home, either through their Smartphone or through their PC. They used to send the money to the concerned website online and also get their winning money online by bank transfer. But not all of these websites are safe and many of them have closed their shop by duping the money of the investors. In that case, the gamer must be cautious about choosing the right website. People must rely on reliable websites like w88 casino if they want a good guide and get their winning money on time.

One of the biggest factors that influenced online gambling during the Covid is the impact on sports related gambling. Since all major sports events across the world got cancelled, many online sports gamblers had really a very trying time. Online sports gambling industry has become a multi-billion dollar market with billions of dollars being invested by the gamblers every year. As all the sporting events came to a standstill, all the sports related gambling was cancelled and people who loved gambling started shifting to other casino games which are also a part of the gambling industry. But as small sports competitions started opening up during the last part of the last year, many of these people again started coming back to the original field of sports gambling.

But since most of the schools and colleges remain closed and people were working from home, a large portion of the population remained at home and practically had no entertainment activities. In the meantime, many people lost their jobs and were looking for some alternate earning opportunities. A combination of the above two factors lead to a large number of increase of the online gamblers all over the world.Some people shifted for alternate earning while others started doing for some entertainment activities.

It was found that horse betting continued during a large part of the pandemic in some countries like Sweden and hence a large portion of the sports got engaged to online horse betting, since they were already addicted to sports betting. It was found in a research that almost 90% of the gamblers started doing horse race betting and around 81% engaged themselves to online casinos. It means the same player played online casinos and at some other time, got himself engaged to horse racing. Maybe he thought of spreading his risk for his safe return on investment.

It was also known that the number of live sports bettors went down significantly as only 58% played in live sports betting and only 56% participated in non-live sports betting. Only 46% of the respondents participated in electronic gambling machines and the lowest was the participation in land based casino games. Since most of the land based casinos were closed during the year due to the Covid situation prevailing in most of the countries, very less numbers of gamblers could make it to the land based casinos and hence the figures are showing less in that table. Some of the land based casinos having restaurants and bar with them were able to remain open and get some business. Since they were offering bar and restaurant along with the casino, they were able to get some footfall even during the Covid period, resulting in getting some business even during the toughest times of the land based casino business.

Gamblers who played poker and different online casino games are more or less female and those who played online horse betting are significantly men. The game of poker needs a lot of patience and hence it was found that females are more interested in playing such games, while horse racing is a more exciting and fast game. Hence the horse racing games are more preferred by males in most cases. Boys are more aggressive than women and that was quite reflected in the choice of games in the research report. Since all the schools and colleges are closed, students, including both male and female stayed back at home and spent their time playing casino games and sports betting games. As a result, the online casino industry witnessed a huge increase in revenue during the Covid situation prevailing since last year.

As the economy witnessed a slowdown during the said period, many companies were closed down and thousands of people were rendered jobless. These people were desperately searching for some online earning opportunity and many of them shifted to online gambling to take it as an earning opportunity sitting from home. Many people thus joined the online gambling industry during the Covid period just because of economic compulsion. After the economy slowly started turning back to normal, many of these people went back to their official workplace. But they did not quit the gambling industry completely as they reduced their investment in the industry to a great extent. It was found in the research that around 60% people having full time work participated in online casino games. The number in such case in horse betting is around 59%.

Considering the age group of the persons, it was found that participation of the youngest age group was very low. Around 1% of the respondents were from the age group 14 to 16, while 78% of them were from the older age groups. Older age group here means people above college level and also the working group.