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Baby Boomers and Gen X Responsible for Increased Betting Activity in Q4 20
Betting activity increased slightly in Q4 2024 to 26% of consumers, compared to 24% in the same period of 2023. However, this uptick was caused by significant generational changes in activity, primarily among Baby Boomers and Millennials, according to a new report from TransUnion (NYSE: TRU).
While Millennials have dominated all forms of betting in recent years, this generation’s engagement dropped 5% YoY in Q4 2024. Conversely, Baby Boomers and Gen Xers got more involved, with 7% and 4% respective YoY increases. Gen Z bettors’ participation remained about the same. These and many more findings are available in TransUnion’s latest US Betting Report.
“The demographic shift in betting activity serves as a good reminder that the best predictor of engagement is not age but rather increased earnings and liquidity,” said Declan Raines, head of TransUnion’s Gaming business. “Those who have a sudden influx of disposable income are more likely to participate in betting, and operators should keep that in mind when developing their marketing strategies.”
In addition to Millennials, fewer high-value bettors engaged in online and land-based betting activities. High-value bettors are those who spend more than $500 per month on betting. This group’s engagement dropped by 8% with land-based operators and 9% with online operators.
Healthier finances among bettors
The report found high-value bettors also attained improved overall finances. In Q4 2024, 54% of those betting $500 or more per month had good or excellent credit combined with middle or high income. This was up from 50% in the same period in 2023. In addition, those with the riskiest financial profile—having lower income and fair or poor credit—fell from 7% in Q4 2023 to just 4% in Q4 2024.
Bettors proved to have a more resilient financial profile than non-bettors. More than half of consumers who bet in either land-based or online channels said their income had gone up a little or a lot in the past 3 months. Only 21% of non-bettors said the same.
Consumer Credit Scores: Bettors vs Non-bettors
Consumers who bet also had stronger credit scores, with more than half of land-based and online bettors indicating good or excellent credit scores, compared to just 47% of non-bettors. Conversely, one-third of non-bettors fell into credit score ranges that indicate poorer credit quality—including those who don’t know their score—compared to 22% of online bettors and 20% of land-based bettors.
Mounting regulatory pressure
Regulators and consumer advocacy groups became more focused on the betting industry in 2024. Recent studies published by Northwestern and UCLA outlining the risks to personal finances among a subset of players served to elevate the pressure on gaming operators to implement reasonable procedures to identify and curb problem gaming. In response, the industry formed the Responsible Online Gaming Association (ROGA) to establish industry-wide responsible gaming standards and support research and education on safe practices.
TransUnion’s US Betting Report has consistently found bettors experience higher levels of financial volatility—both positive and negative—relative to non-bettors. This represents a significant challenge for operators when engaging in responsible gaming assessments. It is imperative that gaming operators stay vigilant to ensure their most active players can sustain high levels of play without compromising their financial health.
“As the industry matures, new tools have emerged to help operators assess players’ financial resilience and promote responsible gaming,” said Raines. “Adopting these measures will help build on the significant investments made by the industry in responsible gaming to date as well as demonstrate good faith efforts to regulators and consumers while protecting profitability for operators in the long run.”
The post Baby Boomers and Gen X Responsible for Increased Betting Activity in Q4 20 appeared first on Gaming and Gambling Industry in the Americas.
Stake’s statement on its decision to end its white label activities in the UK market:
“Stake has made a strategic decision in mutual agreement with TGP Europe to exit white-label agreements and focus on securing local licenses through our in-house platform and operations, building upon our growth in key regulated markets such as our recent expansions into Italy and Brazil.” – Stake spokesperson.
The post Stake statement on exiting UK market appeared first on European Gaming Industry News.
Africa
The Top 5 Welcome Bonuses South African Online Casino Players Can Look Forward to in February 2025
South Africa’s online casino industry continues to thrive, boasting an ever-increasing array of high-quality gaming platforms. With many choices available, discerning a quality online casino has never been more crucial. Quality is determined by several factors including game variety, user experience, customer support, security, and especially the value of welcome bonuses offered.
Due to the extensive number of options, using a reputable guide to sift through the wealth of online casinos ensures that players can find the best experiences available. One such critical factor in this selection is the welcome bonus, which significantly enhances the initial gaming experience and boosts players’ chances from their very first deposit.
As the online casino landscape expands, the importance of reliable, knowledgeable guidance in choosing the right casino becomes imperative. www.nodepositcasinos.co.za, a leading portal for online casinos in South Africa, stands out as a prime resource. Our expertise allows us to navigate and recommend top-tier online casinos that promise not only enjoyment but also security and fair play.
This February 2025, www.nodepositcasinos.co.za has carefully selected the top 5 welcome bonuses available to South African players. These bonuses have been chosen based on their value, the quality of the casinos offering them, and their appeal to both new and seasoned players.
Here’s a detailed look at what players can expect:
- Springbok Casino
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- Yebo Casino
- Welcome Bonus: R350 Free No Deposit Bonus, Coupon Code: NEW350; R12,000 Welcome Bonus
- Casino Highlights: Since 2014, Yebo Casino has been a trusted name in the South African market, adorned in the national green and black to resonate with local pride. It offers a comprehensive Realtime Gaming portfolio and exceptional customer service, with a variety of banking options including EasyEFT and cryptocurrencies.
- Punt Casino
- Welcome Bonus: R350 Free No Deposit Bonus, Coupon Code: SAC350; R10,000 Welcome Bonus
- Casino Highlights: Tailored for South African players, Punt Casino offers a vast array of games from Realtime Gaming since its inception in 2017. The site is known for its mobile compatibility and a variety of bonus offers, alongside top-notch security protocols ensuring a safe gaming environment.
- Thunderbolt Casino
- Welcome Bonus: R500 Free No Deposit Bonus, Coupon Code: NDC500; R10,000 Welcome Bonus
- Casino Highlights: With a mascot named Thando the Chameleon, Thunderbolt Casino offers a distinctly South African vibe and a comprehensive suite of real-time gaming titles. Players can enjoy a variety of bonuses and promotions, accessible via both desktop and mobile platforms.
- Silversands Casino
- Welcome Bonus: R400 Free No Deposit Bonus, Coupon Code: NDC400; R10,000 Welcome Bonus
- Casino Highlights: Established in 1999, Silversands Casino stands as one of the oldest and most respected online casinos in South Africa. The platform features a full range of Realtime Gaming slots and table games, with robust security measures in place to ensure a secure and fair gaming experience.
The post The Top 5 Welcome Bonuses South African Online Casino Players Can Look Forward to in February 2025 appeared first on European Gaming Industry News.
BETBY, a leading sportsbook supplier, has announced a strategic partnership with iGaming provider Softlabs, in an agreement that will further increase the reach of its proprietary esports product. Through this partnership, BETBY’s award-winning esports solution, BETBY Games, will be made available to all operators on Softlabs’s partner network.
Softlabs will be seeking to to leverage the BETBY Games proven content that delivers fast-paced wagering action on a content lineup, which includes eSoccer, eBasketball, eFighting, eCricket, eShooter, eHorse Racing, eTennis, and eStreet Soccer. This will provide its partners with over 60 tournaments featuring over 350 markets, and 245,000 live matches per month.
“Softlabs has built a strong reputation in the industry and we are thrilled to join forces with them,” said Kirill Nekrasov, Head of BETBY Games. “This partnership allows us to extend the reach of BETBY Games and provide Softlabs with an even richer esports portfolio. Together, we’re pushing the boundaries of innovation in the esports betting landscape.”
Dmitrii Borodint, Chief Product Officer at Softlabs, commented: “Partnering with BETBY marks an exciting new chapter for us. The exceptional quality and variety of BETBY Games content will provide our clients and their players with a highly immersive and customizable esports experience, helping us to stand out in an increasingly competitive market.”
The post BETBY TO POWER SOFTLABS’ ESPORTS PORTFOLIO WITH BETBY GAMES appeared first on European Gaming Industry News.
Stake statement on exiting UK market
The Top 5 Welcome Bonuses South African Online Casino Players Can Look Forward to in February 2025
BETBY TO POWER SOFTLABS’ ESPORTS PORTFOLIO WITH BETBY GAMES
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