Video Slots are the most common type of casino game available and also extremely popular all around the world. Out of 400 online slots that a casino promotes, at least 75 % of them are different slot styles. Unlike traditional slots where one needed to pull an “arm”, in video slots, all you need to do is press a button. So, it is highly convenient and easily available. There are available various kinds of video slots, almost up to 50 winning lines, as well as special bonus games.
It is surprising how once Video Slots were not popular because people would not trust the technology. But by 1979, video poker became popular. And then, subsequently, video slots rose to popularity. In the United Kingdom it was reported that with 39,680 machines functioning, over 3 Billion dollars of money was accumulated. And, due to the Pandemic, the face of video slots has changed forever.
Largest Online Gambling Companies Ranked by Revenue Collection
Caesars Entertainment: Reportedly, they earn around $ 3.47 billion per year and has its headquarters in Nevada, United States
Flutter Entertainment: They make a revenue of 5.2 billion euros per year. They are situated in Dublin, Ireland.
Evolution: They are based in Stockholm, Sweden and have a reported income of 561.1 million euros.
Catena Media: Based in Quantum Place, Gzira, they produce revenue of 106 million euros per year.
Better Collective: They have a revenue of 160 million euros per year and have its headquarter in Denmark.
Why Are Video Slots So Popular?
Unlike popular thinking, video slots have recorded much more players than any online casino game! Here are some reasons for that:
Pros
Cons
Low denomination of currency is allowed
Since video slots allow players to bet more than one coin on a pay line, the players are suggested to keep a check on the amount they are spending
Offers a higher hit rate than traditional slot
One must always check the number of pay lines the game is allowing before starting it
There are more pay lines which mean more winning combinations
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Bonus games are extremely fun and they let you win extra money
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Most Popular Video Slots
There are hundreds and hundreds of licensed casinos providing different varieties of video slots. There are so many varieties of video slot gaming that you will have a hard time choosing. Some known names of developers are Ash Gaming, Gamesys, Netent, Playtech, and WMS. They are known for the consistent quality of the slots that they provide.
Jewel Blast
Jewel Blast is a perfectly simple, entry-level slot created by Quickspin. It provides a standard format consisting of five reels and 25 pay lines. Interesting and valuable but straightforward features Jewel Blast provides include a wild symbol and Blast Bonus. You can play this on your desktop and mobile! And for more information, it has a solid Return to Player of 96.52%.
Buffalo
This one is as exciting as it sounds. Buffalo slot machine are animal-themed and initially had gained their popularity in the land-based casinos. But it became increasingly popular as the online version was released. It has an easy format for new and veteran players- 5 reels and 4 symbols. The machine offers 1024 different ways for you to win, so try your luck out!
Reviewers have reported that there is a high winning percentage. Buffalo slots are low volatility, that is they are penny slots. You can bet between $0.1 and $100. The RTP is 94.85%.
If you are into retro gaming, do not think twice and click on this one. And if you are a gambling veteran, this one is perfect for you! Developed by NetENt, Street Fighter is influenced by the iconic Street Fighter 2. They blend fun slot action with retro graphics and sounds. With a combination of wild symbol icons and combos and even Beat the Boss Free Spin levels at your service. The RTP is 96.06%. The maximum jackpot you can hit is 7,142x your stake!
Wings of Ra
This is also a uniquely themed- Egyptian theme. It offers around ten pay lines across a five-reel, three-row grid. Special designs include the Mystery Coins feature. One can win up to 3000x your stake and the RTP is 95.5%
Revenue earned in Online Casinos
Video Slots. They differ from the traditional slot machines as there is no necessity to pull a lever but simply a button. Their income is comparatively low to classic slots. But due to the pandemic, the revenue collected has significantly increased. For example, two months ago they would earn around $306,000, but now it has risen to $408,000 per month.
Classic Slots. Classic shots are the most popular type of online slot game available. They are also the easiest to play. Often known as “fruities” due to them featuring icons such as cherries and lemons, collect many people as their betters. On average, the classic slots receive around $500,000 per month.
Virtual Reality Slots. VR slots were introduced so that one can get the best of the experiences- immersive and enjoyable experiences. They use various props such as helmets, sound systems, and LED displays. This allows the players to engage interactively. The market size value of VR slots in 2020 was USD 14.55 billion. The Revenue forecast in 2027 shows that it will rise to USD 92.31 billion.
Most Popular Video Slot Providers and Their Revenue
Here are some of the popular slot developers and their revenue statistics:
Aristocrat Gaming Ltd: Around $1.97 billion.
International Game Technology (IGT): $4.79 billion
Essentially, video slots are incredibly easy to play and accessible and they make a lot of money. They are user-friendly and widely available. Video Slots have surpassed traditional ones by a lot. They are quick to play and come with a bazillion choices to choose from. Unique themes and features are also exciting. The Casinos with video slots will reportedly become more famous in the future and secure a good amount of revenue.
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