Is Social Gaming for money the future of Online Gambling?

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We live in the age of social media and as such you’re probably already familiar with the popular phenomenon of social gaming which has taken the world by storm in the last few years. With games like Candy Crush and Words with Friends, you can pay for upgrades that increase your odds of winning but due to the fact that these upgrades have no real monetary value, this type of gaming is not categorized as gambling. However, this is all about to change…

The state of New Jersey is looking into allowing operators to offer real money social games in the near future and this could be the start of a new wave of gambling at land based and online casinos across the globe, ushering in an entirely new demographic of player.

While traditional casino games like blackjack, roulette and slots may appeal to older generations of casino players, many younger people spend their time playing social games even though they offer no monetary value, so adding the option of being able to wager on these kinds of games could really up the excitement and attraction to them by an entirely new and younger audience.

Unlike slots, social gaming has the ability to incorporate a skill element similar to blackjack but with a fresh new format that will enable players to enjoy a game and engage on a player vs. player level like never before. It is therefore widely speculated that casinos will in the near future set up these types of game for real money prizes. After all, imagine being able to challenge your friends to the games you play on your mobile or tablet device and being able to bet them real money!

While social gambling for money may commence in the US, other countries like the UK, France, Spain, Italy and Germany will probably also allow the licensing of these under their various regulatory bodies. However, strict measures will have to continue to be enforced when it comes to the gambling aspect of these games and the legal age of players.

Currently people are required to be 13 years or old on social media platforms like Facebook and are able to use their parents credit cards (with the permission of their parents) but obviously if social games are adapted for social gambling purposes at land based and online casinos, this will no longer be the case. Online casinos are currently very strict about monitoring the age of players, requiring identity verification to ensure that only players over 18 years of age are permitted to gamble, so from a safety point of view, minors accessing social gambling games will not be an issue.

The gaming and gambling landscape has changed dramatically in the last decade and with social gaming preparing to enter the gambling sphere, it will be truly interesting to see what this industry looks like in the next decade. Watch this space!