Decades ago, the idea of an online casino was the exclusive reserve of sci-fi movies. But technological advancement has ushered in an era of innovation that changed the narrative for good. One of such innovations is the smartphone.
Today, the mobile casino is a fast-growing trend that is blazing across the global gambling industry. Mobile casinos are digital casinos that players can operate on hand-held devices. A typical and popular example is the mobile casino South Africa which has a friendly interface, an assortment of games, and mouthwatering bonuses, among other features.
In this post, we shall examine the statistics and reasons behind the growing popularity of mobile casinos.
Statistics of the Growing Popularity of Mobile Casinos
Mobile casinos are growing at an unprecedented rate, as shown by the records of companies and major players in the online gaming industry.
Paddy Power, which happens to be a leading mobile game developer, claimed that as of 2011,55% of its active members owned a smartphone, with a third of their customers having access to their mobile gambling apps.
The company would report that between 2010 and 2011, the percentage of participation in mobile gambling rose to 300%. As reported in one of the company’s interim reports in 2012, mobile casinos had the highest player turnover among the company’s offerings.
Similarly, as far back as November 2014, the aggregate amounts spent on mobile casino games using Apple’s iOS rose by 55%, pushing the value of the market to $2.7 billion. This value would later increase to about $21 billion by the end of the same year.
Experts project that the global gambling market will grow to $250.4 billion from $79.5 billion in 2020. Interestingly, mobile gambling has a growing percentage of 50% of this figure, and a significant amount of that percentage goes to mobile casinos.
With these numbers, we can never agree more that the mobile casino industry is experiencing its bull run. And the following are the underlying reasons behind its growing popularity.
Reasons for the Popularity of Mobile Casinos
Let’s quickly examine the reasons for the mass adoption and popularity of mobile casinos.
The Proliferation of Smartphones
Only the rich could afford the high cost of mobile phones during the first few years of their production. And even the early adopters do not know how to optimize their device as such.
Science and technological development has made it possible to produce many units of inexpensive yet effective smartphones. More people could now afford smartphones, and there are also quick tutorials to fix simple app malfunctioning when your android and iOS devices run into one.
Developers latched on to this trend and created casino apps that are easy to run on even the least advanced smartphone. With more players having access to smartphones powered casino games, the number of mobile casino players has skyrocketed. Therefore, players may stop running their games from PC soon and switch entirely to the more convenient mobile casinos.
A mobile casino eliminates the need to visit a traditional casino and provides a more convenient way to play real money games. You could play wherever you are: in transit, in a queue, when you are at home, or just about any time you feel bored.
The Emergence of 5G Network
The 5G network has revolutionized internet connectivity and made mobile gambling a whole lot easier. A steady mobile network is integral to a positive mobile gaming experience, and in areas where this is a problem, few people were inclined to play mobile casinos.
The 5G network has changed all that for good. It offers a fast internet connection that can unleash the capabilities of any smartphone and makes it easier for players to enjoy the mobile casino experience.
Improved Quality of Casino Games
A few years ago, the number of games available on mobile platforms was only a handful. Today you have access to thousands of mobile games such that you will be spoiled for choice on what to play.
Mobile game developers keep trying to outdo each other, and the result is a constant array of gaming titles every year. But there is more.
The eternal competition between these app developers has also led to an increase in the quality of the games. The features, levels, storylines, and so much more keep improving each year, and it is down to the fact that each of these developers wants to stay relevant in the mobile gaming industry.
Forecasts of the Growing Popularity of Mobile Casinos
In the coming year, there will be an increase in the development of full-featured mobile versions and apps by the major gambling sites.
We say this because the mobile casino market is very competitive and is expected to stay that way in the future, especially with the influx of private labels.
In a mobile gambling analysis conducted by Market and Research, the global mobile gambling market (where the mobile casino has substantial clout) was estimated at US$79.5 billion as of 2020. The same analysis projected the figure to rise to a staggering US$250.4 billion by 2027, with an estimated CAGR of 17.8% between 2020-2027.
The mobile casino industry, which has about 11.9% share of the global mobile gambling market, is projected to have an 18% CAGR within this period.
Mobile casinos continue to grow because of their benefits and the changing dynamics of the gambling industry.
So, the message of this post is simple. Mobile casinos are fast-growing. 5G is here, and the people will not stop interacting with their phones.
Very soon, mobile casino’s popularity will grow to unprecedented heights within and without the gaming industry.