New Slotegrator report on online gambling: Debunking 10 myths and helping iGaming operators

Slotegrator highlights online gambling myths: This report details the most common myths in the last few years. This list includes misconceptions covering different aspects of working in this industry. Some are focused on players, while others discuss security and marketing.

Here’s an overview of this report and our opinion about each debunked myth.

1. Online gambling is illegal

The Slotegrator report notes that many people believe that online gambling is illegal even today. This perception makes them stick to land-based casinos instead of their online counterparts. It’s up to the iGaming operators to emphasize the legality of their work by pointing out where they’re available legally via T&C and highlighting their licenses.

       2. Your domestic market is your only option

The second myth is that you shouldn’t look beyond your domestic market. However, as the report states, you can break the geographic barriers thanks to the Internet. Many online casinos are licensed in one country and accept players from dozens of countries across the globe. They also register companies in places with liberal gambling laws. Slotegrator has a nice interactive map where you can check the gambling regulations in every country.

       3. All gamblers are problem gamblers

Third on this list is the myth about the psychological state of all gamblers. It turns out that the essence of this activity is more than some sort of problem, as many people think. Today’s gambling industry is very much concerned with responsible gaming and transparency, actively updating regulations and inventing new ways to help vulnerable

       4. Players are the only ones taking a risk

Although the odds are always in the casino’s favor, that doesn’t mean that there’s no risk involved for the operators. As the report points out, bonus abusers, hackers, and fraudsters are permanently testing the platform’s vulnerability. It highlights the Slotegrator’s anti-fraud module as a way to prevent such activities.

       5. Online gambling transactions are impossible to track

Swift and anonymous transactions are often linked to online casinos, especially the ones focused on crypto transactions. However, this doesn’t mean online transactions are inaccessible to the government. Slotegrator debunks this myth by pointing out the stricter rules many governments adopt and the increasing efforts to prevent money laundering.

       6. The house can’t lose

The report also points out that online casinos can actually suffer losses, both short-term and long-term losses. That’s why it recommends creating a solid business strategy not based on assumptions and guesswork. This makes sense because data tracking and analysis, testing, and adjusting strategies are the only ways to avoid losses.

       7. Find what works and stick to it

While building a sustainable strategy is essential, it’s equally important to be flexible and introduce changes over time. “Trends change, demography changes, regulations change, and, most importantly, technology changes. If you want to stay on top of the market, don’t stick to one strategy no matter what; it might be obsolete tomorrow.” The report states that most experts agree.

       8. If you build the casino, the players will come

Although building a casino is crucial for starting your business, the report highlights that this is only the first step. Marketing plays a huge role because the iGaming market is pretty competitive. All operators, especially new ones, must find ways to stand out.

       9. You can expand only geographically

Another debunked myth in Slotegrator’s report is that casino sites can grow only geographically. That’s not true because technology keeps changing the iGaming landscape, allowing innovative solutions like Telegram casinos, AI features, and other things that can help you grow your following.

     10. You can do it all yourself

The myth that running an online casino can be a one-person show is addressed as the last myth in this report. Thanks to technology, you can automate many things but still need a team to get the job done. This doesn’t have to be a big team; several motivated and knowledgeable individuals can keep a platform running successfully.

Slotregator publishes new reports every month. OCR covers these reports regularly. For all Slotegrator news and reports visit the full review.

You can download the full report here.