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And then you have the risks associated with freemium games that have in-game purchases. So, those are some of the bigger risks or downsides to social casino games.
But not everyone agrees social casino gambling is dangerous. But lawmakers have no idea, either. Because social gambling games are similar, if not identical to real gambling games — and also have addictive qualities — there have been many debates about whether or not social games need to be regulated.
Then they talked about each individual state. Each state defines gambling as betting on a game of chance. The one common denominator they found is that gambling involves putting up something of value to get something of value back out.
So, they took that and applied it to a social casino app. One example they gave was about how, in Japan, you can play Pachinko a casino-like game and earn currency in the form of small metal balls.
These balls can be traded for real-world items — even cash — without consequence. Venture Beat asked Matt Jacobs, a Sacramento-based former federal prosecutor who has worked on some gambling related cases.
One of the potential issues in some games is how you get virtual goods out. These goods are advertised as costing money, even just a buck or two.
Makes sense. They wanted to see if it fit the definition of gambling. So, what happens to your money? And that seems to be the one key difference — the very reason why you can play social casino games legally in the United States.
Money can go in, but you receive nothing of tangible value in return. That said, there are second hand markets for virtual goods such as Zynga chips.
These sites are often credit card fraud rings who buy chips and then re-sell them. And the crazy part? Social gaming companies are responsible for them — what they do and what they sell — whether they own them or not.
This is seemingly unlike Japan, where companies apparently are getting away with players exchanging their metal balls for things of value. Speaking of virtual goods, Venture Beat also considered the virtual gifts you can send to others.
The law is even cloudier here. When it has verifiable retail value — what do you do then? Who knows? Like traditional gambling there are people on both sides of the debate.
Another interesting thing we found from Venture Beat was their coverage of the Casual Connect Tel Aviv conference.
There, Adam Krejcik, an analyst at Eilers Research, provided his 13 predictions of the social casino market. Most of them apply to social game companies.
With 5. There is also a mobile platform that enables you to download the Slotomania app on your smartphone or tablet and play Slotomania games on it.
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Zynga is probably the most well-known gaming company on Facebook, not just for its Hit It Rich! When Zynga Poker one of its Facebook games was launched, social gambling immediately blew up in popularity and brought a lot of money to the social gambling industry in a short period of time.
Zynga offers four different casino games that are available on Facebook:. It was available exclusively to U. They did it in hopes of boosting traffic, but it did not attract as much traffic as Zynga had anticipated.
Since the results were disappointing, Zynga has since decided to shut it down. DoubleDown Casino is a social gambling casino that attracts nearly 5 million active users each month on Facebook.
They offer a whole slew of options: free slots, free bingo, free poker, free video poker, and free blackjack, all on Facebook.
Not only that, but you can also download their mobile app and do some gambling on your mobile device smartphone or tablet.
Everything is free at DoubleDown Casino. Promo codes are offered there, though. Players at social casinos can tip the virtual dealer, choose Poker Buddies among their Facebook friends and invite them to play along.
Zynga has a multi-tiered VIP program which provides benefits such as exclusive chip packages and special game modes. Sit-N-Go tournaments offer an opportunity to win more chips and earn trophies.
Players can access a variety of casino games via Facebook and downloadable apps for iOS and Android devices. The social casinos Facebook page has over 7 million followers.
Having arrived at a virtual casino floor, you can choose to play slots , poker, roulette, blackjack , video poker or bingo. There are numerous tables to pick from, playing at slow, normal, fast or turbo speed and featuring blinds of different values.
Big Fish Games is a developer of casual games founded in , headquartered in Seattle and part of Aristocrat Leisure Limited. Double Down Casino.
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