In case you hadn’t heard, something called the Coronavirus is currently ravaging the global economy and causing hundreds of thousands of people to fall seriously ill in the process.
Whilst undoubtedly these are worrying times for mankind, online gambling businesses will be just as concerned at the prospect of financial woes due to the spread of COVID-19. Many casinos these days offer phone bill payment to make gaming easier for customers, and here you can find a list of sites that offer this service.
In this article, we will take a close look at how self-isolation will affect online gambling amid the coronavirus. We will take a deep dive into whether or not the virus looks set to be a boon or a curse for the industry, as well as ways in which online gambling businesses can combat the effects of the illness.
So, without further ado, let’s take a look at how self-isolation will affect online gambling amid the coronavirus…
Big Problems for Online Sports Betting
Throughout the global economy, sports betting has taken a massive hit due to the cancellation of all sporting events as a result of Coronavirus. This comes as a serious catastrophe for the industry, with clubs, players, and fans in all sports also feeling the misery.
Sports betting businesses will hope to survive during this leanest of spells, yet it should be expected that many small to medium-sized businesses will go under as a result of the spread of the Coronavirus. Without a doubt, companies will be crossing their fingers, toes, and everything else they can as they wish for as quick a return to regular-season gaming as is possible.
How will online casino sites deal with Coronavirus?
Due to the fact that the vast majority of us are under self-isolation right now, many experts predicted a surge in online gambling because there are so many idle minds sitting around without much to do.
Sadly for the industry, it turns out that this is just plain wrong.
It would appear that the Coronavirus pandemic has resulted in a massive drop in the takings for pretty much all online gambling sites across the world. With job security at a low, it appears that punters just are not in the mood for taking chances right now. Truth is; who can blame them?
In time, we may see a return to the normal order of things as the virus calms and people become more comfortable with wagering their hard-earned cash on a few hands of poker or a spin of the slot machine. Without a doubt, many online casinos will feel the chill during this longest of winters and jobs are certain to be slashed. With less money coming in, companies simply can’t afford to pay wages to their staff.
In the end, the Coronavirus tragedy and the self-isolation that comes, as a result, is going to be a huge obstacle to overcome for all of humanity. Whether or not the online gambling industry will ever get back to itself remains to be seen, with many predicting a return to form once panic subsides. Experts still don’t know when this may be, but conservative estimates suggest at least a year until a vaccine is safely usable.
Whether they are massive corporations looking to make billions every year or smaller businesses only looking to get ahead, Coronavirus has had a negative impact on everyone involved in online gambling.
Hopefully, if we all observe the self-isolation recommendations accordingly, punters and casinos alike will be able to come through this tough time together and the online gambling business can rise once more.