In a recent report which to many players is just a boring stream of numbers, the UK Gambling Commission (or UKGC) have revealed even more good news about the mobile gambling industry. From October 2015 to November 2016, it has been revealed that mobile gambling (or “remote gambling”, as they refer to it) now makes up a third of the total gambling market in the country.
This means that people now more than ever are going online to gamble rather than venturing to their local bookmakers or casino. While it’s common knowledge that the mobile gambling industry has been surging in the last few years, this number is still pretty startling. So how is it happening? The answer is pretty simple and has a lot to do with technological advancements
Let’s get the boring stuff out of the way first. Though, the numbers involved in this surge in mobile gambling are actually pretty fascinating to look at. Basically, mobile gambling now takes up roughly 32% of the gambling market, meaning that a third of all players are gambling from a mobile device of using VR to enhance their gambling exploits.
It isn’t clear whether the numbers reflect who does mobile gambling on a regular basis, intersperses it with desktop gambling, or exclusively from their phone/tablet, but it’s still a pretty big deal.
They’re also slightly outdated, as they only show the rise between October 2015 and September 2016. The figures for the current date (May 2017) are not yet available but we can only imagine that the figure is a lot higher than it was back then. We doubt, however, that it is more than half. What we do know, however, is that the mobile gambling market is now got a net worth of over £4.5 billion.
That’s a pretty big deal! This means that the online gambling market is one to compete with and definitely worth investing in. It’s pretty significant as it’s over 10% what the entire gambling sector was worth at that time (£13.8 billion) and is a massive jump from the previous year from a mere £1.6 billion.
Why Is This Happening?
So why is the mobile gambling industry becoming so big? It’s common sense to think it would grow but many would never believe it would be a third of the total industry! Who knows? It could even take over the industry! But we doubt it will. People still like the experience of going into a casino, after all. It cannot be entirely replaced with a digital counterpart (though VR does a very good job at it!)
The main reason why it’s seen a surge, however, is mostly due to advancements in technology. There are many factors motivating this, too. The primary market for mobile casino users are generally busy commuters who are constantly on the move.
Mobile gambling is an extra convenience for them. And as our lives get busier and busier, the higher the demand for convenience. This will all lead to more sophisticated technological advancements which will naturally cause better growth of the industry. So it’s a win-win situation for everybody all around!
Growth In 2017
As for the reported growth of mobile gambling this year, it’s not so clear on how much things have grown. Gambling authorities like the UKGC tend to only measure the figures when the whole year is up. So far however, they have revealed that we have seen an increase of 6.2% with a total gross as of March 2017 of £357 million. If we could hazard a guess, we would predict that the overall figure by the end of the year to be around £5 billion at least! If not then it might throw the future of mobile gambling into question. Has it reached its peak? Only time will tell.
Mobile Gambling And VR
Virtual Reality will only help in this growth of mobile gambling, as players search for new ways to enhance their mobile gambling experience. And as VR becomes more mobile-friendly, the issue of mobility will soon become eliminated.
Other mobile casinos like SlotsMillion seem to think so, which is why they’re staying ahead of the game by promoting their own fully-rendered virtual casino environment that’s extremely mobile-friendly. It’s always important to be one step ahead and thankfully it’s working out for them. We can only look forward to what the future holds for us.