We are walking a tightrope with the COVID 19 pandemic, and gambling is no exception. The pandemic has driven many people to withdraw from society, decreasing tourist and consumer spending for establishments with risk as an attractant, like online casinos. Gaming establishments across the world fear the worst as they wait for a time when COVID 19 will be under control.
This article will review how online casinos will react to this situation and predict the effect it will have on their future.
Background of the COVID 19 pandemic
First, we need to define ‘the COVID 19 pandemic’ because there are many different interpretations of the virus. According to Wikipedia: “The virus is a genetically engineered virus that can be spread through air and water mist in lorry exhaust.” This seems to be the most common view among experts, or at least those who are publishing their predictions of the situation. However, this isn’t the official definition of the COVID 19 pandemic.
According to the World Health Organization: “The viral disease is a new form of Ebola and has been given the name CoVd 19 for ‘coronavirus 19”. This article only discusses the COVID 19 pandemic, whereas this article discusses publishing, not pandemics in general. The COVID 19 pandemic seems to be less severe than Ebola due to its airborne transmission and is more easily preventable.
However, the COVID 19 pandemic has driven many people to withdraw from society, decreasing tourist and consumer spending for establishments with risk as an attractant, like online casinos.
Widespread Panic and Gambling on the COVID – 19 pandemic
There is widespread panic over the COVID 19 pandemic, and people are withdrawing from society. Their panic results in less spending on things that can harm their finances like playing casino games such as online blackjack, roulette and so on that can lead to losses.
This action will likely spread to mainstream society, causing more people to withdraw from online gambling as well. Therefore, with fewer people going to an establishment, the overall profitability will decrease below what it was.
How will these changes affect online gaming?
With fewer people gambling, online casinos will lose money, and with that, they decrease in size. The smaller the online casino becomes, the higher the chance of forgery and cheating. Therefore, online casino players will have to become more cautious and start checking for evidence such as IP addresses or other ways to prove if the casino is not rigged.
In the past, legalizing gambling did not put an end to illegal gambling, but rather it increased the size of the illegal industry. Gambling on the Internet is not going away just because the COVID 19 pandemic has started and will not be eradicated by it. This is because people will continue to wager money in these establishments, no matter what happens around them.
Indirect Effects on Online Casinos
With fewer people gambling, an increased frequency of withdraws will happen. This means that the online casinos, like 888 casino, that are paying out fast enough will be able to survive the pandemic somewhat unscathed. With this, it is more likely that they will become larger because of this.
With these changes, lower-key casinos with less strict standards will be able to survive even after the COVID-19 pandemic starts, which was not previously possible. This will cause an increase in the number of casinos that are not scams, and they will end up becoming even more powerful. Therefore, there is potential for a lot of new casinos to come into existence because of this.
How will the end of the social gathering affect online gaming?
The end of social gathering has no effect on playing in an online casino because it is purely digital play. This means that the billions of dollars that are invested in online casinos will not stop playing. Therefore, with more people playing, a lot of money will be wagered.
This is because most people are looking for quick real money to survive while also having fun at the same time. With less gambling happening because of a pandemic, there will still be plenty of money wagered and lost and more online casino players.
How will online gaming change society?
Online gambling changes society in a way that allows the less fortunate to make a decent living. It also provides entertainment to less fortunate people, and instead of watching TV, they can play online casinos. This is because there is no reliable entertainment in many parts of the world, which sucks away real money from the criminal element.
This was previously not possible with land-based casinos, but now it is doing so through digital play. Table games do not help the less fortunate because they can only be played in land-based casinos and do not have an equal opportunity for those who cannot afford it. The live casino games at online casinos do this and will continue to do so because of the COVID 19 pandemic.
What is the future for online gambling?
The future for online gambling is bright if it can survive with the high number of people who withdraw.
However, the sudden change in society will make it harder to adapt and making an impact when everyone has begun to withdraw from it. If online casinos are not able to adapt by then, they could become extinct at some point in their development as a business. Lucrative casino bonuses and great customer service can be factors to help this.
If the COVID 19 pandemic does not have an impact, the online casinos will continue to expand similarly to how it has been in the past. There is a possibility that the laws will change to deal with online gambling, but at this time, it is not possible to predict how that would happen or what will happen.
The majority of the population participates in some form of gambling, and society as a whole has come to accept it as a formality. Gambling is seen in nearly every form of media, and people who gamble are not seen as fools or cheaters but rather admired.
Gambling is not going away, despite the COVID 19 pandemic, because people need to have some kind of release from their stressful lives. Online gambling provides the same type of thrill that live casinos provide without having to deal with air pollution or cramped-up spaces.