When Gambling Meets Social Gaming

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Gambling games collaboration

Postby Zulusho В» 23.02.2020

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TNW uses cookies to personalize content and ads to make our site easier for you to use. Social gaming and gambling are beginning to merge into a very interesting new category. Social games have the reach, gambling has the money. Instead of players chucking coin after coin into a slot machine, money made in social games comes from players paying for additional virtual goods and currency to unlock desirable features. That might not seem like a large number, but the sale of virtual goods is the bread and butter of social game monetization.

On the contrary, when it comes to online poker and slot machine games, which virtualize the gambling environment, no real money can be won.

Why do people play casino games with no chance of material gain? The biggest audience for social gambling games is the same that spends the most time at classic casino slot machines. The game, still relatively new, draws an average of , visitors per month. The thrill of winning exists even if the prize is only virtual, but the key drivers behind social games monetization are our primitive needs for status and achievement.

If Facebook opens its doors to real money gaming, the social network environment will go through tangible change. But with gambling operators pushing to enter social games as soon as possible, how realistic is it that Facebook will take on the challenges and risks of opening itself to real money gaming? In , the network first officially launched Facebook Credits , the virtual currency used to buy goods in games and apps, which allowed gambling companies to launch fun money apps with their original brands in the UK.

Later that year, Facebook gave gambling companies the green light to advertise on the network and since December, Zuckerberg and the team are in talks with operators to open up the network for real money gambling in the UK and other countries.

If they do, social gaming companies like Crowdpark will have to adapt. Zynga, for one, is already thinking of jumping on board the gambling train. Will Facebook turn itself into a casino? Expect the cries to be loud, once the money starts flowing. Photo courtesy of Marcos Limao via flickr. Read our coverage on how the tech industry is responding to the coronavirus here. For tips and tricks on working remotely, check out our Growth Quarters articles here or follow us on Twitter.

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Treat yourself Sit back and let the hottest tech news come to you by the magic of electronic mail. Who are you? Enter Go to article.

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