The advent of online casinos was presented as an alternative to the brick-and-mortar casinos. If visiting a land-based casino is a laborious errand, then you have your quick fix of chilling at home while you enjoy gambling online.
Numerous states have approved this burgeoning industry as they are viewed as prospective addition to the government’s tax revenue.
However, there prevails a false notion that the online casinos will dismantle gambling revenue and disrupt the employment offered by brick-and-mortar casinos portraying them always at conflict. But is this the dinkum oil, let us unearth.
Notable Differences Between the Two
Online Casinos can Run with Reduced Operating Expenses.
This is an inevitable truth primarily because online casinos do not require the extravagance of palatial complexes brimming with top-notch facilities and suites. Thereby the onerous chore of utility bills is negated.
Instead, online casinos simply require servers and a place to operate, which includes other costs but inconsequential compared to the brick-and-mortar casinos.
Online Casinos Offer Better RTP and Convenience
While land-based casinos only confer on players a low return to when featuring the slot machines, which ranges from 88% to 94%. However, online slots, when juxtaposed, provide an RTP between 95% to 97%.
The convenience factor is another alluring factor; all you require is your smartphone, tablet, or computer. The casino is now right at your fingertip.
Land-Based Casinos Require More Employees
Other than the aid from developers, marketers, and management, online casinos do not require a melange of employees like in a brick-and-mortar casino. For instance, The Venetian at Las Vegas has employed 6,000 staff.
The smartness of online casinos is showered by the minimal workforce paired with reduced operating expenses, which enables its working at a cheaper rate.
Brick-and-mortar Casinos Charge Higher Bets
It is these land-based casinos that charge a lofty minimum wager to play. This is an upshot of the need to generate magnifies revenue to include the high operating costs.
You can enjoy the slot machines if you place a flutter anywhere from $0.50 to $3, while the minimum bet for table games range from $10 to $25. At the same time, online slots let you pamper yourself from $0.01 to $0.50 and enthral in table games for just $1.
The Reality: The Synergy Between the Two
The actuality lies in understanding that they share a symbiotic relationship. Online casinos do not endanger the land-based casinos; instead, they enhance the business by not keeping anyone at stake. These online casinos expose the world of gambling to a novel customer base, popularising the world of gambling and not merely the online casinos.
Therefore, this can be perceived as a smart move by the gaming companies to expand their base into live and virtual milieus. They now have the added advantage of flourishing financially in both the platforms. However, in actuality, they are counterparts. Though the picture is depicted as a war for identifying the superior power between these two, the Gordian knot here is the stagnation the gambling industry faces as a result of a saturated market.