Every year we hear that online gambling is on the rise, especially with the advent of mobile gambling. Slowly it seems we are seeing online gambling habits switch from the high street to online, whether that be casino play, sportsbooks, or bingo.
This week it’s sportsbooks that are under the spotlight as it turns out that SafeCharge, who process online payments for casinos and sportsbooks reported a 60% rise on online gambling on Saturday compared to 2017 and are putting that rise down to the Grand National.
That’s a massive increase and smashes previous records for gambling on the race and shows what an important part of the sporting calendar the world’s most famous steeplechase is.
Although final figures have not yet been releases on the race, some online bookmakers are reporting over £50,000,000 in bets on the big race.
It’s also a bit of a turnaround for the market, between 2009 and 2017 it’s reported that off course gambling on the Grand National had actually fallen, from 5.7bn in 2009 to 4.4bn in 2017 as players switch to the excitement of online casinos and mobile gaming.
Sadly it’s not all great news for bookmakers, Tiger Roll, the race’s winner was one of the favourites going into the race at 10/1, and his win may mean that bookmakers are counting their losses, on that race at least. A favourite win is a jackpot win for punters, but not always so great for the bookmaker.
Overall it was a profitable Aintree for online operators who will be pleased to see the upturn in online wagering and renewed interest in the famous race. 2018 has been a record breaking year, but can this trend continue?