Online casinos and betting platforms have become a worldwide phenomenon. Along with this growth, there is a need to raise awareness of the tools that are available to protect players and promote responsible gaming.
Recent data from Seven Jackpots – a leading Indian comparison and analytics platform for online casinos – provides useful insights into the use and expectations of players on regulated markets.
The Most Common Tools
According to Research conducted by SevenJackpots, there is a strong correlation between the use of safe gaming tools in the majority of gambling markets around the world and the prevalence of problem gamblers. These tools are also called responsible gambling tools and have become mandatory in countries where gambling is regulated.
Recent data from Brazilian operators shows that 2.1% of players self-excluded or permanently closed their accounts. Another 0.4% used temporary cooling-off periods. These statistics highlight the importance of using these tools to protect players and promote responsible gaming.
These are the most common reasons why people self-exclude their accounts in different markets.
Over 80,000 individuals in Sweden, which has a population of over 10 million people, have chosen to self-exclude themselves from gambling. This number is higher than the estimated number of problem gambling in the country. In general, problem gambling rates in mature gambling markets range from 0.5% in Sweden up to 3.3% in Canada for active gamblers.
In countries such as India, gambling is prohibited in large parts. The problem gambling rate increases to an alarming 7.2%. These differences highlight the need for tools and awareness of responsible gaming in both regulated markets and unregulated ones.
Two-thirds of players expect responsible gaming tools.
SevenJackpots’ comprehensive study revealed that two-thirds of players on mature, regulated markets expect their games to have a certain level of social responsibility. According to the survey, 66% of respondents think that gaming platforms’ level of social responsibility influences their decisions on which games they play.
In order to create effective, responsible gaming policies, they must prioritize risk awareness, create safe gaming environments, and offer assistance to those who are in need. The majority of players accept responsible gaming practices, which highlights the importance of implementing them throughout the industry.
The Key to Awareness
The low level of public awareness about responsible gambling and its proper use is one of the major challenges that non-regulated markets face. In order to tackle gambling-related issues on a nationwide scale, the public must be informed and educated about the risks of gambling and betting and the tools available for self-protection.
A second practical obstacle is the belief that responsible gaming policies and tools are only for those who are vulnerable to risk or have gambling addictions. This myth must be corrected, as it can prevent individuals who are unaware of the sensitive nature of these issues or have misjudged their situation from utilizing and seeking out responsible gaming tools. The research paper stresses that responsible gaming policies and tools are intended for the general public and not just those who have gambling-related issues.
Promoting responsible gaming for a safer future
Seven Jackpots’ data and insights from its Research are valuable in guiding players on responsible gaming and safe gaming. Reliable gambling tools are essential in protecting players from gambling-related problems. The Research highlights expectations from players in mature markets where a majority of them express a desire for gaming platforms to take a socially responsible approach. Responsible gaming is a priority for industry stakeholders, who can create a more enjoyable and safer gaming experience.
Responsible gaming is an important aspect of the gambling sector. It is important to increase awareness of the tools and policies available to promote responsible gaming practices. Operators can demonstrate social responsibility and protect players by embracing responsible gambling principles. They can also contribute to a sustainable, thriving and thriving gaming environment.