I saw a stat (pulled from a decade ago) that said more than 1.6 billion people gamble each year.
Social Casinos are a distinct category when it comes to your online gambling options. Some of the most successful gambling themed sites online today offer social gaming. These colorful sites offer a brand-new experience. Instead of simply trying to beat the house and win real cash, your aim is to rise through levels, unlock games.
Knowing that, would you be surprised to hear that even more people play social casino games? One statistic said that more than 11 million users visit the top social casino games on Facebook daily.
That comes out to more than 4 billion users per year. About 2.5x the number of people who gamble for real money.
Now, that is only the user-base and not money spent or earned. Social games are nowhere near traditional gambling in that sense, where traditional gambling generates $100+ billion each year.
But social gambling is still brand new, and it’s still growing. It’s currently a $3.4 billion niche market with experts estimating it’ll reach $4.4 billion by 2017. It makes up 4% of the overall $91 billion social gaming market – which is comparable to traditional gambling.
The point is this: social casino gaming is a big deal.
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So big, in fact, that many traditional poker and casino companies are buying their way into this space. We have a few examples later on, but the most current example is the World Poker Tour. On August 31st, 2016, they announced the launch of their social casino platform, PlayWPT, which includes both poker and slot games.
Anyway, chances are you’re already familiar with social games. Maybe you already have a favorite social slots or blackjack game you play. If not, then we’ll bet you’ve at least seen these games on your Facebook.
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If not, that’s okay too. Either way, you’re about to learn (more) about social casino gaming. The following sections will cover:
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- What social gaming is.
- How social gambling is different from traditional gambling.
- Social gambling companies and games.
- Risks and downsides (including addiction).
- Thoughts on why social gambling is legal while many forms of (online) gambling is not.
- What the future has in store for social gamers.