Not many would have comprehended that online gambling might take over the gambling industry and beat the pulp out of on-site gambling with weapons like “slot machines.” In Europe, the online gambling industry has been flourishing in the past few years, but the scenario was tremulous in the U.S.
In the U.S, online casinos faced many regulatory restrictions, which caused distress in the gambling community, resulting in many players and bettors to switch from brick and bowl casinos to online gambling sites. And with further advancements and rise of technology, the gambling community took to online slots.
The new generation slot games are mostly themed, but they aren’t strategy based. Players have to simply hit the digital lever, and wait until the rows stop spinning.
The chief reason behind the repute of online slots is the requirement of zero technical knowledge to operate them and their simplicity. The players can be noobs but can easily win the jackpot, unlike most table games that require good game know-how.
And on top of that, the house edge for slot machines is usually higher than the house edge for other online games, making them fairer.
The rise of the use of slot machines (at 250% per month) can also be attributed to the legalization of the machines in 41 states. And now, at least 85% of casinos’ revenue comes from slot machines.
The casino gaming equipment industry is expected to reach a value of more than $9 billion by 2024, growing at a CAGR of around 6% during 2018-2024.