A social casino has just surfaced, transforming conventional casino games into something surprising. The goal of social casinos is for participants to enjoy a play-time rather than to win real money. Users, who are more gamers than gamblers, play mostly for enjoyment in a pleasant environment, with no fear of losing anything.
So what is its essence? Let’s take a closer look at the social casino phenomenon.
What is the point of a social casino?
Players are losing and winning credits, without the ability to exchange them for real money. In other words, even if you are unlucky, you will not lose anything from your budget. If you win, you will earn more points for further play.
Games in US social casinos are entertainment and nothing more. Yes, you will also spin slots or do everything that players do in classic gambling houses. However, you will not replenish your account, and the game itself will be played exclusively with “virtual” credits, which you will be given at the beginning.
Thus, in most cases, a social casino does not actually fall under the definition of gambling. Social casinos have occupied a profitable intermediate niche between classic online casinos and non-gambling games. The inability to reverse exchange virtual money for real currency in case of winning provided social online casinos with a chance to develop absolutely legally not only on the largest social platforms, but also in countries where there is a ban on land-based and online casinos.
At the same time, people see social casinos as mostly informal games. The number of bets is far lower than in actual casinos, and the ambiance of dark rooms with shimmering lights, as well as all of the associated negative influences, is gone.
In terms of design and gameplay, slots and other social casino games may be identical to games found in a traditional casino. Of course, the symbols, themes, and style of such slots shift significantly, but the overall meaning and mechanics stay unchanged.
The era of social media
The history of social gaming’s growth and success can be traced back to 2007, when Facebook provided free development tools to game creators, ensuring access to the network’s increasing worldwide audience. Since then, Mark Zuckerberg’s invention, with 450 million players (more than half of all users of the world’s most popular social network), has become a hotspot for social gaming, with social casinos and other gambling games ranking among the top games on the site.
It is not surprising that in recent years the number of people spending time gambling on social networks has exceeded the number of registered users of online casinos playing for real money by almost 20 times. The result of this stunning growth was the entry of the largest operators of the classical gambling industry online, who acquired shares of the most successful developers of social games.
The global social casino market in 2020 amounted to a record 6.2bn USD. And although after Covid this figure has declined, social casinos still hold the bar in the gaming market.
Wrap up!
To summarize, what advantages can visitors who choose a social casino receive:
- Possibility of using high-quality games
- A good selection of plots, which allows players to spend time in a truly comfortable environment
- Receive bonuses by referring friends to the game. This trick allows players to complete the proposed tests as quickly as possible
- Advance through levels, increasing your rating in the game
- Access to games at any time of the day from all types of gadgets that can be used to access the Internet
- Organization of a network game
Social casino is an initiative geared toward a younger audience. Students, schoolchildren, and elderly persons who are not ready to play for real money are the most frequent visitors to social casinos. Even if users pick a paid gaming mode or spend money in some of the services offered by a social casino, they are not significant sums of money that can be lost without sorrow. However, it is these little investments that provide a significant annual revenue for social network owners, often in the billions. Constantly upgrading the games available guarantees that players have the most enjoyable experience while remaining in contact with the casino.
Considering such a high degree of profitability and demand, we can say with confidence that a social casino is a successful project that occupies a worthy position in the world of virtual games!