5 reasons why millennials love to gamble

In our previous post, we analyzed an article from The Yale Tribune that claimed young people are losing interest in casinos and gambling. According to that article, only 21% of millennials said that gambling was “key on their list of activities.” That is only half the number from other age groups who considered gambling important.

This decline in numbers, however, has not deterred a sizable portion of today’s young adults from engaging in gambling for fun or profit. How can casinos stay relevant in the eyes of today’s discerning youth? Listed below are five ways.

Introduction of new gambling forms

Although millennials may not be interested in playing slot machines in a traditional casino, they do appreciate other forms of gambling. Over the last several years, numerous online gambling companies have sprung up specifically to cater to millennials.

Fantasy sports betting is a popular form of gambling among millennials. When consumers turn on their TVs, they may use the Apps that well-funded gaming firms have developed for smartphones to place wagers on their favorite players or teams. In 2016, 57.4 million individuals throughout the United States and Canada participated in some kind of fantasy sports gambling.

Accessibility of online casinos

Some millennials are drawn to online casino games in the same way that the older generations are drawn to brick-and-mortar. During the lockdowns caused by the pandemic, online casinos made it easy for them to enjoy gambling from their homes.

They also prefer web-based games since they are user-friendly, relatively basic, considerably more accessible, and have a less steep learning curve. For example, slot games are especially appealing to millennials since they come in a wide variety of themes, many of which are based on or have official licensing from popular culture.

Gadget compatibility

In relation to the previous item, online casinos’ adaptability with many devices is the primary advantage they have over traditional casinos. Languages like HTML5 and JS form the backbone of online casinos. Therefore, you may get to them from any portable or stationary computer, mobile phone, or tablet. Even the most popular platforms, such as Linux, Windows, Mac, and Android, are supported by online casinos. Due to the ease with which these sites can be accessed, millennials have no hesitation in giving them a try.

Addition of skills

In The Yale Tribune’s article, it was mentioned that the lack of skill involved is another thing that bothers millennials about casino games. Well, now, innovative skill-based slot machines are one concept under evaluation. Slot machines as we know them now are purely chance-based entertainment. However, businesses like G2 have produced games that allocate a percentage of each stake to luck and another to ability. A player uses a console chair to aim and fire at tanks on a large screen, much as they would in a video game. A slot machine’s algorithm will decide whether the player has won or lost the chance component regardless of whether they hit the target or not.

Sports betting

Casino websites attract players of all ages and preferences by providing a broad variety of game kinds and gambling options, rather than specializing in just one area. And this includes sports betting. The appeal of sports betting, however, cannot be denied, as it reached record levels in 2020 and saw billions of dollars risked by participants in places where it is permitted. When compared to other forms of online gambling, sports betting offers a wider selection of sports to choose from.