Who Gambles More: Boomers & Millennials?
Gambling is a popular pastime for both boomers and millennials. However, while earlier generations usually prefer to visit land-based casinos, millennials are more likely to gamble via the Internet. Thus, online casinos like Vegas Casino remain popular destinations for millennials over land-based casinos as the said demographic enjoys the convenience and flexibility of the Internet vertical.
But then, in recent years, the online casino industry has seen an increase in the number of boomers playing games such as slots, blackjack, and roulette. This is especially the case for the last three years when the Covid-19 pandemic led to the closure of virtually all brick-and-mortar casinos across the globe to curb its spread.
The question of who gambles more between boomers and millennials is difficult to answer definitively. However, there are some differences in how they approach gambling that can help us understand why one group may be more likely to gamble than the other. So, let’s explore these differences and come to a conclusion about which generation gambles more.
Technology has definitely influenced every aspect of our day-to-day lives, including gambling as well. At the present stage of world development, you can gamble online at any time with the simplest of devices as long as you can access the Internet. In addition, you can play your favorite games, win, earn real money, and even play with your friends online.
All the mentioned factors make gambling more attractive to millennials and also contribute to a relatively outdated image of land-based casinos in the minds of younger generations. Meanwhile, the number of visits from earlier generations to physical casinos remains quite active. Although, after the pandemic crisis experienced worldwide over the past few years, many casinos were shut down, giving iGaming the opportunity to rise and gain a whole new customer base. This means that boomers may still gamble a whole lot, but millennials are very active in the game thanks to the emergence of iGaming.
Land-Based Casinos Versus Online Gambling
In the past, it was more likely to spend your free time on activities like gambling as there were limited sources of entertainment. This meant that there was a high influx of clients at land-based casinos, coming to spend their time and money playing gambling games at arcades, pubs, and casinos.
However, things are different today, with Internet casinos and several other entertainment sources, including video games, Netflix, YouTube, and social media websites like Instagram and Tik Tok. It is, therefore, less likely for a millennial to leave their home to go gamble at a casino with all these options at hand.
And while there are hundreds of online casinos and games where millennials can get their fill, there are other reasons millennials aren’t very keen on gambling either:
Are Land-Based Casinos Outdated for Millennials?
Land-based casinos gave rise to the gambling industry and have been a popular pastime for hundreds of years. The boomer generations frequent land-based casinos to date though they quickly realize that they can also enjoy themselves via the Internet. However, for millennials, outdated games that are often featured on casino floors may deter them from visiting brick-and-mortar gaming facilities.
Meanwhile, access to technology and the Internet allows millennials much more opportunity to gamble more frequently. But, on the other hand, advanced technology may be a significant deterrent for older generations making them less likely to gamble online.
For sports betting, however, data shows that millennials do participate in the activity more, especially thanks to the facilitation of the Internet, especially in markets like the USA. In addition, due to the popularity of sports like soccer and basketball among younger generations, betting on the events is usually more prevalent among them.
So Can We Determine the “Winner”?
It might be challenging to establish whether millennials or boomers gamble more than each other though technology has made it relatively more accessible for the former to do so. Additionally, online casinos and gambling sites require little information to sign up and gamble in this day and age.
Not to mention the online banking industry, which makes depositing and withdrawing funds incredibly fast; all these opportunities make it easier for people to gamble. And millennials, being more exposed to and informed about technology, have higher chances of accessing these gambling facilities. If you occasionally enjoy gambling games, how old are you, and where do you prefer to gamble? Let us know right here in our comments section.
