Online Gambling Industry Stays Strong While Land-Based Casinos Take A Hit

Posted on: February 6th, 2009 8:12 am | By: helen

While the national economy continues to roll around flailing in the ditches, there is one bright spot in the business world and that is when it comes to the success of online casinos. But in actuality, it makes perfect sense that a poor economy would bring more people into the world of gambling, particularly online gambling. Internet gambling is a fun pastime and more than that, it is an escape from the droning mechanism that is daily life for many Americans. But while the online casino business has been built up, at the very same time, the revenue for most land-based traditional casinos has shot down sharply in recent years.

This shift for land-based casinos is easy to understand as well. The casino industry, particularly in traditional big-cit gambling destinations like Las Vegas and Atlantic City has seem a quite a fall from where they found themselves just a few years ago. An example of this shift can be found by comparing the numbers of the industry devoted to online casinos versus traditional gambling venues during the fourth quarter of last year. During that time, online gambling sites saw their player traffic increase by somewhere around 30%. Back in 2007, the player traffic numbers fell by nearly 30%. What this means is that within a span of only one year, there was a nearly 60% turnaround.

Leaving one’s house to visit a land-based casino is becoming an increasingly unsavory option as it comes with all sorts of additional costs like gas money (which is shooting back up) drinks and food and tipping for waiters and dealers and more. It makes sense, in this respect, to just go ahead and stay indoors and get in on some exciting casino gaming right from the comfort of one’s own home.

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