Online Gambling vs. Internet Gaming: Who Is Rising Faster? You might be confused once you first read the title. However, online gambling and internet gaming are two totally different industries. They have both progressed significantly in the last decade and attracted millions of players.
The question is which one is rising faster. Check out the comparison of these two industries to discover the current situation and their future potential!
Online Gambling Basics
Let’s distinguish the difference between these industries first. Check out the Playlive online casino review for South Africans, and you’ll discover more about the specifics of a web gambling platform. It’s a website that allows playing casino games. Those games include roulette, slots, blackjack, poker, etc.
You can pick from hundreds of operators, although the availability depends on the local laws. Online gambling has been around since the 1990s but has progressed significantly from its initial days. Today, you can enjoy live tables with human dealers and even VR games to spice up the entire experience.
Internet Gaming Basics
Internet gaming involves playing PC, console, and mobile games online. You can enjoy a variety of genres, from sports to racing and fighting. The crucial difference is that it’s usually a skill that determines whether you’ll win.
Check out the most common internet play types:
- MOBA – these are multiplayer sessions played in online battle arenas.
- MMO – it stands for massively multiplayer online and involves thousands of players in the same virtual world.
- Shooters – these are usually first-person games, and most multiplayer sessions require you to be the last man standing.
- Arcade games – these are easy to learn but hard to master. That makes them excited to play against other players.
Who Is Rising Faster?
Now that we are familiar with the details, it’s time to analyze and compare these two industries. Who’s currently at the top – online gambling or internet gaming? Check out these statistics and considerations that our experts found.
Online Gambling Has a Steady Growth
If we are talking tradition, online gambling dominates that area. Internet gaming only really became popular throughout the world about a decade ago. Online gambling has an almost three-decade history, and it has shown signs of steady growth from day one.
The developers improved their services to ensure that players stay interested. It’s the modern technology that enables a premium playing experience on gambling platforms. Today, it’s one of the favorite leisure activities of adults throughout the globe.
Internet Gaming Has Become a Professional Industry
A critical thing to understand about internet games is that the initial plan wasn’t playing for real money. Instead, the developers gave you a chance to test yourself against other players online. You could buy skins and powerups to improve your odds and gaming experience, but there was no financial boost if you win.
We started seeing professional gaming competitions several years ago. These offer a chance to play online and not only come out as a winning team or player but also earn money and popularity. You can find YouTube TV channels that feature shows about gaming but also stream tournaments live. Some gamers have become true stars among the genre’s fans.
Online Gambling Still Attracts More Players
It’s not easy to become a reputable internet gamer. It takes a lot of practice and effort, which is why most people prefer playing for free. As a result, online gambling still attracts more players, at least when it comes to playing for real money.
Another thing worth noting is that gambling is more attractive for people of all ages. Internet gaming is most popular among teens and young adults. Some senior users might be unsure about how to password protect a folder. While they can figure out how a gambling website works, it’s hard to expect they’ll play complex internet games.
Both Offer Earning Opportunities
From the player’s perspective, both industries offer a chance to boost your finances. In online gambling, it’ll take having luck at the chosen games. However, if you are lucky enough, the prizes can be fantastic, especially if you hit a progressive slot jackpot.
On the other hand, internet gaming offers multiple opportunities to earn money. For starters, you can participate and win tournaments with cash prize pools. You could even stream your playing sessions on a gaming platform. Another option is to publish content on YouTube, but make sure to use the best video editing apps to ensure high content quality.
Online Gambling Is Still More Profitable Than Esports
Esports is a relatively new sports discipline where you compete in playing various video games. It’s essentially a subcategory of internet game playing. That’s because this industry also involves players enjoying themselves from home in amateur events. Although developers might profit from that too, esports offers the excitement of competing for real cash.
The reports indicate that the global esports market was worth $957 million in 2020. Although the estimates predict growth to $1.6 billion in 2023, it’ll still be nowhere close to online gambling. This market’s size is currently $59 billion, and the estimations are it will grow to $93 billion in 2023.
The pandemics led to people exploring online leisure activities more than ever. As a result, both online gambling and internet gaming increased their market size significantly. While you can’t deny the obvious growth of gaming, it’s clear that online gambling still attracts more players. Although it has steady growth, this industry still generates far more revenue than internet gaming.