According to numerous studies, 750+ million people enjoy online Gaming around the world. Of course, it is impossible to give an exact number! There are entire cities, for example, Las Vegas, focused on Gaming entertainment. The industry continues to grow offline and online. There are many examples when someone won a large sum of money thanks to a lucky Gaming spin or a lucky card on the Gaming table. But there are many more examples of how they lost large sums, went into debt, and ruined relationships with family and friends. But people are increasingly silent about this.
Is it true that Gaming make millions from players? No that’s not true! This is one of the most common myths about Gaming market operation, which has nothing to do with reality. In fact, about 96-97% of all bets are returned to players in the form of winnings. The profit of iGaming operators is 3% – 5%. Gamblorium UK online Gaming that comply with the requirements and operate under the supervision of the regulator have quite a lot of costs. They buy games from providers, do marketing, provide payment tools, support services, etc. In addition, they pay taxes.
Online Gaming Income
Online Gaming do not program games or influence the winning size. Games are purchased from providers – Microgaming, Evolution, Playtech, Betsoft, Sprite, etc. Moreover, software from well-known and reliable studios is quite expensive. Online Gaming owners – aimed at long-term and productive work – purchase software from several dozen vendors. Meanwhile, Nodar Giorgadze says that the more titles in the catalog from top suppliers, the greater the interest and trust of players.
Each game has an RTP indicator – this is the percentage of the bet that is returned to the player. This indicator is already programmed into each game by the provider, and usually, it is about 97%. For example, the $1 bet will return you, on average, $0.97, and the online Gaming will receive $0.03.
The winnings are distributed unevenly! Some players get nothing, while others can get thousands of dollars. But in general, the statistics remain the same – 97% of all funds are returned. Legal Gaming advocate safe gaming, so they do not promote the idea of getting a big win. But they create conditions for exciting Gaming and present it as entertainment.
Financial Expenses of iGaming Operators
Before the first player can enter the site and make his/her first bet, the Gaming operator has a lot of work to do. Firstly, we are talking about obtaining a license. Application fees, licensing fees, and taxes are a significant burden on the budget. But in the long run, the benefits of licensing outweigh the costs. Next, they should agree with software suppliers, establish cooperation with payment providers, start advertising, and set up the online platform.
Every online Gaming has a large team behind it, and it also comes at a cost. The global online Gaming market is currently experiencing a period of development. Circumstances have changed, and now legal operators are most interested in transparent working conditions and safe play. Responsible Gaming take care of their customers first and foremost and guarantee fair payouts.
Main Categories Of Gaming Fans
Gamblorium experts and online Gaming owners are confident that players pursue different goals. Nevertheless, they divide Gaming fans into 3 large categories. The first and most harmless are players registering for leisure. As a rule, they perceive winning as a pleasant bonus and losing for them is part of the process. Such customers know how to stop in time! They determine a budget that they can afford to spend without falling into despair.
The second category of players comes to online Gaming to get emotions from the game and thereby fill their lives with bright colors. Often this can lead to addiction! Over time, such players are ready to spend all their savings and get into debt/loans to continue playing. Winning and losing make no difference for them. After all, they are Gaming to get maximum adrenaline. Someone is trying to get away from personal problems – difficulties at work or in the family.
Players of the third category are united by the desire to hit a big jackpot or stable income. This state often borders on despair. Each loss forces them to play more and more often to recoup the money spent and, of course, get rich. But there is no guarantee of winning!
Has Legalization Affected Operators’ Income?
Yes, it has. The income of a reliable and legal online Gaming operator has increased. Now we can definitely say that the trend towards legalizing Gaming has finally formed. More and more countries are concluding that controlling and receiving dividends is better than creating illegal Gaming that siphon money from the country’s budget. The number of regulated markets is multiplying, profitability continues to rise, and many Gaming are moving into the iGaming space.
Now, licensed online Gaming are subject to strict regulations. They must meet certain standards of fairness and security. As a result, players get a safe and secure environment and guarantee that their personal and financial information is protected. Besides, legalization protects the interests of all industry participants – Gaming and players.
