Let’s face it! Each generation is distinct from the last, but none as drastically as the Millennials.
Dale Richards (American psychiatrist) said: “Millennials can be a big frustration if you’re trying to put them into the Baby Boomer or Generation X mold.”
Such is the case when it comes to gambling, but the fact that Millennials think differently from all previous generations is mostly due to their exposure to digital technology since their toddler days.
In a research conducted by the Yale Tribune, we found some interesting fact when it comes to combining Millennials with gambling.
Millennials are unique in their relationships, handling them mostly online. But, when it comes to spending money, it’s a different thing. In a recent study by the Lloyd D. Levenson Institute of Gaming, Hospitality & Tourism at Stockton University in New Jersey, the truth that most of the industry professionals don’t want to hear is that Millennials enjoy spending their money on dinner and drinks or dancing and nightclubs, but not on gambling.
The gaming industry stumbled onto the truth that though Millennials may not be attracted to the conventional casino slot machines, they enjoy a different type of gambling experience. And the medium to approach them was the Internet. Luring them on home ground led to little resistance.
A kind of gambling that Millennials particularly like, is fantasy sports gambling and this is one of the subjects which will be discussed during the 3rd edition of Prague Gaming Summit.
The recently announced speaker is no stranger to the Virtual Sports industry, in fact he is the CEO and Founder of one of the biggest names when it comes to Virtual Sports, Golden Race.
Martin Wachter is the CEO and Founder of Golden Race and for over 15 years, has spread innovative, tailored solutions and virtual sports worldwide. He is specialised in all the areas of the company, taking special delight in being part of marketing strategy, product management and development.
Martin will join the “Marketing & Innovation: Understanding Millennials – eSports, Daily Fantasy Sport, Virtual sports and Slots games” panel discussion and share the in-depth knowledge he has about the Virtual Sport industry.