Do Slots Sites Have Good Revenue?
Slots have always fascinated the public and even the first slots that were introduced to the world in the 19th century, captivated those that chose to spin these mechanical machines. Even though the progression of slots was very slow for decades to come, these games still remained popular - check out Diamond Strike.
Numerous gambling bans could not even rid society of slots machines, instead those who created slots camouflaged them as vending machines that gave out sweets. Once gambling bans were lifted, slot machines were then returned to their original gambling origins.
The Digital Age
The biggest chapter in the history of slots was actually written in 1996. This was the year the first virtual video slot hit the market. It was only made possible by the introduction of virtual casinos that became available to the masses through the internet. These virtual forms of slots proved a runaway hit with the massive new number of gamblers. The uptake in the audience for gambling games was fuelled by the fact that slots had become more accessible than ever. For the first time people could play slots in the privacy of their own homes away from conventional gambling environments such as betting shops and land-based casinos. Traditional gambling environments had actually become barriers for many wannabe gamblers.
A New Audience
The new slots audience of today is made up of people from all sections of society. More women than ever are gambling too. Bingo was the game of choice for females but slowly they have made the crossover to slots. Last year figures showed that 39% of slots players were female and this figure is projected to continue to grow in the coming years.
There are more young people gambling now as well and a lot of them are video gamers who are now old enough to bet. Last year saw revenue from slots hit the £2 billion mark and the latest research from the UK Gambling Commission suggests that the Gross Gambling Yield or GGY for online/remote gambling came in at £5.7 billion and £3.2 billion came from casinos games, of which the majority was generated by online slots.
Final Thoughts
The main rival to slots continues to be sports betting on football and horse racing. However, slots still lead the way despite a fall in revenue over a three-month period this year that coincided with the return of premiership football.
However, overall, the interest in slots remains steady and the number of new games being released is not slowing down. With so many slots focused online casinos available to the general public, the majority of revenue will continue to come from online slots games. If you factor in the house edge these games give the casino and the random nature of each spin result, you can guarantee that next year, revenue statistics will be similar. The only thing that can change this is new laws. The biggest threat to slots revenue is new government legislation on maximum betting values.
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