2020 has served just about every industry across the globe a complete curveball and for some industries, it looks like there will be lasting effects due to the impact COVID-19 had on the economy. Every industry has had to make some big changes to the way they operate and do business in order to survive with many having to make a swift transition to offering their products and services online – check 666 casino.
Luckily for the online slot industry, the majority of players already played slot games online either via their mobiles, tablets, desktops or laptops. Let’s take a look at the current online slot industry economic trends to see how the industry is fairing under the current economic climate.
A surge in demand for online entertainment
There has been a huge increase in the demand from players for online entertainment meaning more players than ever before want to enjoy online gambling, especially when casinos closed their doors due to the global pandemic. Many predict that since more players have made the transition over to online gambling including online poker, slots, roulette and online bingo like BoomtownBingo that they may choose to continue to play online rather than in a land-based casino because it’s so much more convenient for players.
New slot releases are given a significant boost
A lot of different sectors have suffered huge a dramatically decreasing revenue with a limited strategy for how to recover economically. However, the gaming industry in many ways has had a huge boost with many new slot releases being given more attention than they normally would through increased online activity. This has put the pressure on many online casinos to offer competitive and generous welcome bonuses in order to persuade new players to sign up to their site and optimise the opportunity.
An increase in female slot players
As many of us have spent a significant amount more time in our homes than we usually would in the first half of 2020, we have had more time to entertain ourselves and many people who have never gambled before or played slots signed up to an online casino. Reports have shown that an increased number of female players have signed up to play at online casinos which have changed the demographic trends in online slot gaming.
What the future holds for online slots
While no one can know what the future holds especially in the current economic climate, because online slots have increased in popularity in recent decades, it is safe to say that the online slot industry will continue to flourish. New slot titles are being released at a rapid rate and there are more slots than ever before available to play and the creativity of game developers seems to know no bounds! One thing is for sure, while the future of land-based casinos especially small local casinos may be in question, online casinos and mobile slots will continue to be popular with players keen to get their slot fix whenever the mood strikes them, wherever they are!