Betting is also one form of entertainment, which is an age-old game wherein people wager their money for the outcomes they think will be favourable. Earlier people used to go to a casino or places where you can place a bet and play. The technology has advanced so much that it can be done in the comfort of your home. Online betting includes casinos, sports betting, and poker. The wide variety of games which can be played online is unimaginable; there are more than 5 different roulette games.
The variations in different card games are also worth exploring. Online betting started in the mid-1990s. However, this industry was made legitimate and regulated to safeguard the players and casinos in the early 2000s.
Nowadays, not many people going to casinos for playing slots or poker; they prefer to play online anytime, anywhere.
Attracting the Millennials
There are many sources of entertainment for Millennials; some like to travel, play games, watch games, while some like to explore the new restaurant; for some, watching movies is a source of entertainment irrespective of being Hollywood or Bollywood movies. The millennials will soon be the majority of the workforce in the world. With so much money in this industry, Millennials or Generation Y are quite attracted to this industry. This lucrative industry also attracts millennials due to the 5 things mentioned below.
1. Career Choice
Millennials today are looking out for unconventional careers. Professions like doctors, engineering, or a job at a bank or for that matter, any desk jobs don’t lure the millennials anymore. They are looking for offbeat career choices. Many youngsters take this as a full-time career. Be it poker or sports betting; millennials are finding this field as a lucrative career choice. Instead, people are saying betting is much safer than investing money in the stock market. The Return on Investment is higher than investing in the stock markets.
2. Easy Access
One of the USP of Online Betting is that access to the game can be done from anywhere. You need not physically go to the casino or betting stations to place your bet. For online betting, comfort is the key. You can play wearing tracks and a t-shirt, no need to dress up at all. The online betting can be accessed in every form of technology, be it desktop or laptop or the most comfortable thing, i.e., your mobile phone. As Millennials are more attracted to technology, online betting keeps them interested in the game.
3. Good Money
This industry is a good source of making money. However, one has to know what he/she is doing; if you are unaware of the things you are doing, this industry is not for you. Online betting requires lots of discipline and hard work. The games which are played are skill-based, and once you have mastered it, then there is no looking back in terms of the money you earn. Official tournaments are also organized, and the prize money is worth the shot.
4. Investment in Online Betting is Minimum
Online betting is one of the industries which requires meagre investments. A person who wants to play online betting can start immediately with a nominal amount, to begin with. Also, you need not invest any money the location to play as it can be played from anywhere in the world. All you have to do is to be good at the game. There are cases where people have got recognition playing online betting games and got excellent sponsorship because of that.
5. Online Betting is Fun
Millennials strive for fun and what better way than online betting. Online betting is an enjoyable game, which makes it more interesting is the fact that you can interact with people from all the strata of society and from all over the world. You are spoilt with choices as in what to play in online betting. Hence, just play various games and enjoy the excitement and thrill of betting.
The growth of this industry is really promising in spite of the fact that the online betting industry came into existence only in the mid-1990s, but it is fast gaining to be an industry with high market value. As per Statista, although the current market size is almost 46 billion US dollars, by 2024, it is expected to be valued at 94 billion US dollars.
Although betting or gambling is considered a habit which can cause a lot of damage. But the millennials today are well aware of the fact were to draw a line and how to make the right choice. Hence the fear of addiction is taken care of.
Related:
5 Things You Need To Know About Online Betting Industry
