The online casinos industry has been experiencing massive growth in recent years, and it’s no surprise that it has attracted a significant number of players. According to recent statistics, the global online gambling market is expected to reach $127.3 billion by 2027, with a compound annual growth rate of 11.5%. This growth is due to the increase in the number of online casino players worldwide. In this article, we’ll discuss the statistics of online casino players and the ratio of casino players.
Recent research shows that there are over 1.6 billion online gamblers worldwide, and the number is still growing. According to a report by Statista, the global online gambling market was worth $66.7 billion in 2020, and it’s expected to reach $92.9 billion by 2023. The report also indicates that the Asia-Pacific region is the largest online gambling market, accounting for over 32% of the total market share.
The United States is the second-largest online gambling market, with a total market size of $24.3 billion in 2020. The report by Statista also suggests that the United States’ online gambling market is expected to reach $42.8 billion by 2022.
In terms of age group, the majority of online casino players are between 18 and 34 years old. However, the age group of 35-54 is also significant, accounting for around 35% of online casino players. The report by Statista also suggests that the gender ratio of online casino players is fairly balanced, with 54% being male and 46% female.
Furthermore, the report by H2 Gambling Capital reveals that the top 10 online gambling companies account for almost 50% of the total online gambling market share. These companies include Bet365, GVC Holdings, Kindred Group, William Hill, and Paddy Power Betfair, among others.
The ratio of casino players varies depending on the country and region. For instance, in the United States, only 2-3% of the population visits land-based casinos regularly. However, online casinos have a much larger share of the market, with around 20% of the population gambling online.
In Europe, the ratio of casino players is much higher, with around 40% of the population participating in some form of gambling activity. This could be due to the fact that gambling has been part of European culture for centuries. In Asia, the ratio of casino players is also high, with countries like Macau, Singapore, and the Philippines having a significant gambling industry.
Moreover, the ratio of casino players also depends on the type of game. For instance, slots are the most popular casino game globally, accounting for around 70% of online casino revenue. Table games, such as blackjack and roulette, are also popular, accounting for around 15% of online casino revenue. Live dealer games have also become increasingly popular, accounting for around 10% of online casino revenue.
In the Philippines, the ratio of online players versus casino goers is difficult to determine precisely, as there is limited available data on the subject. However, we can provide some insights based on available information.
According to the Philippine Amusement and Gaming Corporation (PAGCOR), there are currently 46 licensed casinos in the country, operating under the supervision of the government. These casinos are located in various parts of the country, including Metro Manila, Cebu, and Davao, among others.
While land-based casinos have been popular in the Philippines, online gambling has also gained significant traction in recent years. In 2020, PAGCOR reported that online gambling had accounted for around 10% of the total gaming revenue in the country. This figure is expected to grow in the coming years, given the increasing popularity of online gambling.
Furthermore, a survey conducted by the Philippine Statistics Authority (PSA) in 2017 indicated that around 38% of Filipinos aged 18 years old and above had participated in some form of gambling activity. While the survey did not specifically distinguish between land-based and online gambling, it suggests that gambling is a widespread activity in the Philippines.
Based on these figures, we can speculate that the ratio of online players versus casino goers in the Philippines may be relatively balanced. However, with the increasing popularity of online gambling, it is possible that the ratio may shift in favor of online players in the coming years.
It is difficult to predict whether online casinos will be the downfall of brick-and-mortar casinos in terms of profitability. However, it is clear that online casinos have disrupted the traditional casino industry and are challenging the dominance of land-based casinos in several ways.
One of the significant advantages that online casinos have over land-based casinos is convenience. Players can access online casinos from the comfort of their own homes, eliminating the need to travel to a physical location. Online casinos are also available 24/7, allowing players to gamble at any time of the day or night. In contrast, land-based casinos have limited operating hours and are often located in specific areas that may be inaccessible for some players.
Moreover, online casinos have significantly lower overhead costs than land-based casinos. Online casinos do not need to pay for rent, utilities, or staff to maintain a physical location, which can result in significant cost savings. These savings can be passed on to players in the form of better odds, bonuses, and promotions.
However, land-based casinos have their own advantages that online casinos cannot replicate. For instance, the atmosphere of a land-based casino, with its bright lights, sounds, and social interactions, can be an exciting experience for some players. Additionally, land-based casinos often offer a wider variety of games than online casinos, including live table games and slot machines.
Furthermore, land-based casinos may have an advantage in terms of security and regulation. Land-based casinos are subject to strict regulations and licensing requirements, which ensure that they are operating fairly and securely. While online casinos are also regulated, there is still a higher risk of fraud and other criminal activities, which can lead to a loss of player trust and revenue.
Conclusion
In conclusion, it is too early to say whether online casinos will be the downfall of land-based casinos in terms of profitability. While online casinos have disrupted the traditional casino industry, land-based casinos still have several advantages that online casinos cannot replicate. The casino industry is constantly evolving, and it will be interesting to see how online and land-based casinos continue to compete and adapt to changing consumer preferences. The online casino industry has grown significantly in recent years, with more and more people participating in online gambling activities.
The global online gambling market is expected to continue growing, and the age group of 18-34 and 35-54 is the primary target audience for online casinos. Additionally, the top 10 online gambling companies account for almost 50% of the total online gambling market share. Finally, the ratio of casino players varies depending on the country and region, and the type of game also influences the ratio. Slots are the most popular casino game globally, followed by table games and live dealer games.
