The social casino industry has seen exponential growth in recent years, with a new study from Clovr revealing an astonishing 8x increase in revenue since 2015. The study, conducted by leading industry experts, sheds light on the rapid rise of social casino gaming and its impact on the overall gambling market.
The findings of the study show that the social casino industry is now worth over $5 billion, up from just $600 million in 2015. This impressive growth can be attributed to a number of factors, including the increasing popularity of social gaming platforms, the rise of mobile gaming, and the expansion of legal online gambling in several states.
One of the key drivers of this growth is the changing attitudes towards gambling among younger generations. With millennials increasingly turning to social casino games as a form of entertainment, the industry has seen a surge in new players and revenue. In fact, the study found that over 60% of social casino players are under the age of 40, indicating a significant shift in the demographics of the market.
The study also highlights the impact of mobile gaming on the industry, with over 70% of social casino players now accessing games on their smartphones or tablets. This shift towards mobile gaming has opened up new opportunities for operators, allowing them to reach a wider audience and drive revenue growth.
With the social casino industry showing no signs of slowing down, experts predict that further growth is on the horizon. As more states legalize online gambling and technology continues to improve, the industry is poised for even greater success in the years to come.
Overall, the new study from Clovr underscores the immense potential of the social casino industry and its ability to shape the future of gambling. With revenue on the rise and a growing number of players joining the market, it is clear that social casino gaming is here to stay.
For more information and insights from the study, visit Clovr’s website or contact their team for a detailed report.