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Why Social Casinos? The average age of a social gambler is Casino players often have a difficult time looking for free casino games to play with their friends.
Social gambling allows you to enjoy free poker, blackjack, lottery games, and slots. Free gaming allows you to brush up on your gambling skills, as well.
Each state defines gambling as betting on a game of chance. The one common denominator they found is that gambling involves putting up something of value to get something of value back out.
So, they took that and applied it to a social casino app. One example they gave was about how, in Japan, you can play Pachinko a casino-like game and earn currency in the form of small metal balls.
These balls can be traded for real-world items — even cash — without consequence. Venture Beat asked Matt Jacobs, a Sacramento-based former federal prosecutor who has worked on some gambling related cases.
One of the potential issues in some games is how you get virtual goods out. These goods are advertised as costing money, even just a buck or two.
Makes sense. They wanted to see if it fit the definition of gambling. So, what happens to your money? And that seems to be the one key difference — the very reason why you can play social casino games legally in the United States.
Money can go in, but you receive nothing of tangible value in return. That said, there are second hand markets for virtual goods such as Zynga chips.
These sites are often credit card fraud rings who buy chips and then re-sell them. And the crazy part? Social gaming companies are responsible for them — what they do and what they sell — whether they own them or not.
This is seemingly unlike Japan, where companies apparently are getting away with players exchanging their metal balls for things of value.
Speaking of virtual goods, Venture Beat also considered the virtual gifts you can send to others. The law is even cloudier here.
When it has verifiable retail value — what do you do then? Who knows? Like traditional gambling there are people on both sides of the debate.
Another interesting thing we found from Venture Beat was their coverage of the Casual Connect Tel Aviv conference. There, Adam Krejcik, an analyst at Eilers Research, provided his 13 predictions of the social casino market.
Most of them apply to social game companies. However, he did predict a handful of things players will find exciting.
They said random games of chance tend to appeal to the older crowd. Adding skill games will allow them to reach to the younger crowd.
This is similar to traditional online gambling. They said some companies are experimenting with live dealers in order to make the came even more social.
They say poker is a good example. But we think blackjack, baccarat and roulette would be good choices, too. But when they do social casino games will be one of the first genres to monetize it well — by creating an entertaining and engaging Vegas-style experience.
He says that the big known slot machine makers like IGT already have their own social casino games like the DoubleDown casino we mentioned earlier.
He thinks customers will want more, and may even force suppliers to license their digital social games on a third party basis. In other words, your favorite real money casino games may be ported online to social media platforms.
PokerStars is the biggest real money poker room and casino online. You can read all of their predictions here. An Overview of the Est.
I saw a stat pulled from a decade ago that said more than 1. The point is this: social casino gaming is a big deal.
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Boosters are game enhancers mostly bought but sometimes also given for free. Piggy Bank gets filled with coins every time you spin one of Slotomania social slots.
Players can additionally send coin gifts to their Facebook friends, participate in Tournamania — live competitions between Slotomania players, as well as get SupeRaffles ticket with any in-game purchase and enter the raffle for a chance to win 1,,,, coins.
Zynga is one of the leading developers of social games played by millions every single day. This is the company that has launched super-popular FarmVille and features an exceptionally diverse portfolio which includes slots, backgammon, chess, racing, crosswords, rummy, solitaire, and many others.
Fans of casino games will surely enjoy Hit It Rich! Facebook page currently has more than 60 million followers. Players at social casinos can tip the virtual dealer, choose Poker Buddies among their Facebook friends and invite them to play along.
Zynga has a multi-tiered VIP program which provides benefits such as exclusive chip packages and special game modes. Sit-N-Go tournaments offer an opportunity to win more chips and earn trophies.