Bingo Statistics

Online Bingo – the real credit cruncher?

Wow – here we are apparently in a credit crisis, and us bingo gamers simply can't get enough of the action! In fact, during the past year (2007-2008), the number of online bingo parlours has risen from an impressive 200, to the 250 mark.

This 25% plus increase in online bingo destination is fantastic news for gamers, with more choice, better quality and bigger bonus rewards! Of course, for online operators, the competition could spell danger for small operators, although at this point, the bubble remains strong.

The Gambling Commission's latest report, also estimates that there are up to 0.5 million regular bingo gamers in the UK – a massive increase of 100% year on year! Naturally, if the stats are true, there's more than enough space for all the existing bingo parlours. In fact, the online bingo market is estimated to hit the £120,000,000 mark in 2008!

The popularity of online bingo is estimated to produce a nightly peak of 10,000 – 20,000 gamers, all playing at the same time. While the credit crunch may spell doom for some businesses, online bingo appears to have immense staying power, especially for such a new business model. The game's strengths are marked by low budget gaming, and the incentive of free leisure options such as instant chat. Because online bingo can deliver an experience akin to a night out, without leaving your home, it has immense potential to become even more popular for people on a tight budget.

There is a warning though - although the online bingo market looks red hot, the next 12 months are likely to define the long-term success of the game. What's for sure is that online bingo is here to stay, however the fate of some parlours will be tested as the competition becomes even hotter.