A few years back, nobody had thought that a disease like coronavirus would suddenly encapsulate the world and lead to a global lockdown. Yes, we are talking about COVID 19, which has changed the world in more ways than you can imagine. While the global pandemic has had a devastating effect on almost every industry across the globe, the gambling industry has been at the receiving end of the benefit.
And it is fair enough to say, this industry has only thrived with time. While the land-based casinos had to suffer heavy losses, the online gambling industry got a massive boom. To the extent that the popularity of online gambling games knows no bounds in today’s time. So if you have been willing to know how the global pandemic has changed the gambling industry, you have come to the right spot. Below, we have mentioned the different ways the global pandemic has changed the dynamics of the gambling world:
- Land-Based Casinos Incurred Heavy Losses
Enforced lockdown across the globe caused the shutdown of land-based casinos too. And since many people contracted this disease very early on when it spread, causing staff shortages. You will be shocked to know that the total revenue in Macau dropped by 93%. This compelled the casino owners to shut down the places so no more money would be wasted. And when the first lockdown took place in May 2020, the majority of casinos got shut down.in Las Vegas, the impact was so huge that the unemployed were forced to beg on the streets. And since the first lockdown proceeded for a very long time, the majority of states started to express the negative impacts of COVID 19.
- The rise in Online Casinos
There’s no running away from the fact that the advent of online casinos has been quite a big thing during the pandemic. Not to say that they never existed, but they gained massive popularity during the lockdown. Since people had nothing to do and were willing to make more money, they started to try their luck by joining online casinos. And this is enough reason why online casino ideas have been such a major success for entrepreneurs. Today, when people go through top 10 online casino Australia or any other country, they are shocked to see the never-ending list of online casinos. As of now, the global spending on online casinos has increased to the extent that they have become a multi-billion dollar industry. With the UK and the USA being at the forefront of the most popular countries for hosting online casinos.
- Celebrities Jumped on the Bandwagon of Online Casinos
You will be surprised to know that celebrities, too, have jumped on the bandwagon of online casinos. And the internet is enough proof of that. Since everyone has access to a steady internet connection and lots of online casinos, it is easier for everyone to make money while sitting on their couch. These days, almost everyone is obsessed with making money from home. And celebrities never shy away from trying their luck. After all, they are risk takers and prefer to see how the future unfolds. You will find Ben Affleck’s name to be well guarded in the books of gambling. After all, he has h=carved quite a reputation for himself in the gambling world. Almost everyone is aware of how fond he is of this art.
- Massive Recovery in the US
Although the global pandemic has had a strong impact on the casino industry in the US, Macau showed a massive recovery after a few months. Luckily, things have panned out very differently in Nevada. Since the casinos have reopened for the public, the state has recorded some mind-boggling figures. People are out and about with their money. They are willing to do anything to earn lots of money. Thus, it is fair enough to say that the global pandemic has given a major push for the entrepreneurs to yet again come back with their investments. This has led to a massive increase in the demand for sports betting.
- More Convenience and Comfort For The Gamblers
Since the land-based casinos have taken a back seat after the huge success of online casinos, a modern gambler is more comfortable and convenient while playing from home. They can sit on their couch and grab a cup of coffee without worrying about losing. They don’t even have to spend on travel and commute. Online casino Australia legal real money is being searched by everyone who wants to spend a great time at home gambling. Thus, now is a good time for anyone to jump on the bandwagon and see how it will change their experience of gambling. No wonder, convenience and comfort are the two things that any player will look forward to. And luckily, online casinos have provided them both to the new gamblers.