Las Vegas to Introduce Video Game Gambling to Attract Young Gamblers

By   /   Jul 7, 2015
Las Vegas

Earning Platinum Trophies and attaining hundred per cent completion provide players with a certain sense of accomplishment. And while these accomplishments often involve skill, they are mostly time consuming.

With the exception of competitive tournaments and streaming, we rarely see people earning from playing video games. While we come across video game gambling at competitive tournaments in the form of money matches, the thing is far from being practiced at large.

According to a new report, Nevada is on the brink of changing it with the introduction of arcade-style video game gambling that would reward gamblers for shooting aliens, destroying enemy tanks, and racing virtual cars.

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The idea is to attract young audience who spent a lot of time in front of a gaming PC or consoles and are least interested in slot machines and other traditional gambling equipment.

Another motive behind the decision is a recent decline in gambling revenue which has dropped from $12.9 billion in 2007 to $11 billion in 2014 with slot machines dropping by 20% in popularity.

According to Las Vegas Convention and Visitors survey, sixty-three per cent of ‘millennials’ born after 1980 gambled as compared to eighty-seven per cent of 70-90 years old, seventy-eight per cent of 51-69 years old, and sixty-eight per cent of 35-50 years old.

“The next wave of people aren’t going to stand there and play slots,” said Greg Giuffria, who with his son is developing a line of what look like console video games with joysticks and controllers but allow betting. “The industry has to change or disappear.”

It should be noted that Vegas, in no way, will shun the traditional equipment, but will continue to cater the younger audience.

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What is your take on video game gambling? Have anything interesting to add to the story? Let us know in the Comments Section below.

Source: The Day.