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  • How Influencers Are Responsible For The Growth In The Gambling Market

How Influencers Are Responsible For The Growth In The Gambling Market

Teresa Hoy May 17, 2024 4 min read
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With the rise of social media, we’ve started to see influencers emerging, and over the years they’ve created a huge following base making them very influential in the marketing world. That’s why we are seeing big brands leveraging the power of influencers to promote their products.

Influencers are a great way for brands to spread the word about their product or service for a couple of different reasons.

First of all, they have immediate access to a big audience, and in most cases, this audience is tied to a specific niche, resulting in a higher conversion. Next, we have the influence of social media personas on their audience. Most social media influencers have a loyal following base that will do whatever the person asks or promotes.

This opened up many new opportunities for the world of online gambling. As you probably already know, gambling promotions and ads are quite restricted in terms of what medium they use. They need to comply with laws and regulations, which limit their promotional activities.

But it seems like they’ve found a perfect solution through influencers. They have a big following base, and on top of that, we are talking about an audience that is already on social media and has the biggest chance to try online gambling.

In today’s article, we will go through some of the ways influencers are responsible for the growth of the online gambling market.

According to Statista, the global influencer market value will reach $24 billion in 2024, and it is one of the fastest-growing industries in the world.

The gambling sector accounted for a significant portion of this spending, with brands leveraging influencers to promote their products and services.

The Role of Influencers in Promoting Gambling Brands

Influencers are the perfect way to showcase online gambling products for a couple of reasons. First of all, they provide engaging and realistic content showcasing the thrill and excitement of casino games.

Additionally, influencers have unlimited ways of promoting these products whether it is through special discounts or bonus codes, or playing the games live on social media. Even social casinos where you can play slot games without wagering real money use influencer promotions.

Take the example of popular gaming influencers who collaborate with online casinos to showcase gameplay, bonuses, and promotions.

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Their reviews and recommendations can significantly impact their audience’s decision to try out these platforms.

Platforms Where Gambling Promotions With Influencers Are Most Dominant

With many different social media platforms, the selection of influencer promotion is quite big. It is safe to say that gambling promotions appear almost on every social media platform whether we are talking about TikTok, YouTube, Instagram, or Facebook.

However, we can spot one social media platform that accounted for the most influencer gambling promotions. We are talking about live streaming on platforms like Twitch, Kick or Rumble.

Ever since Twitch changed its rules about promoting gambling activities, we’ve started seeing a flood of influencers that promote gambling products.

But why live-streaming promotions?

Well, they definitely work best for online gambling brands just because live streamers can play the games on their channel, showcase their winnings, and show the thrilling experience of casino games.

Platforms like Kick started giving creators gambling promotional deals that are worth millions of dollars. That’s why we are seeing Adin Ross, xQc, Kai Cenat, iShowspeed, and more live streamers promoting gambling brands.

Leveraging Social Media Platforms for Maximum Impact

Social media platforms have become the battleground for brands vying for consumer attention. Influencers leverage these platforms strategically to create buzz around gambling brands and offerings.

Instagram influencers often feature sponsored posts showcasing their casino wins or experiences at luxury resorts and casinos.

TikTok influencers create entertaining content around gambling tips, strategies, and challenges, attracting a younger demographic to the gambling scene.

Building Trust and Credibility

One of the key factors driving the success of influencer marketing in the gambling industry is the trust and credibility influencers have built with their followers.

According to a survey by Matter Communications, 69% of consumers trust influencer recommendations over traditional advertisements.

This trust factor translates into higher engagement and conversion rates for gambling brands collaborating with influencers.

Regulatory Challenges and Ethical Considerations

While influencer marketing has proven highly effective, it also raises ethical considerations and regulatory challenges, especially concerning responsible gambling practices and transparency in promotions.

Industry Response:

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Many gambling brands have implemented strict guidelines for influencer collaborations, ensuring responsible messaging and compliance with regulatory standards.

Influencers are also increasingly transparent about their partnerships, disclosing sponsored content to maintain trust with their audience.

How Does the Future Look Like

As the gambling market continues to evolve, so does influencer marketing within this space. Brands are exploring innovative ways to collaborate with influencers, from live-streaming casino sessions to interactive social media campaigns.

Experts predict continued growth in influencer marketing expenditure, with the gambling sector investing heavily in strategic partnerships.

The integration of technology, such as augmented reality and virtual reality experiences, promises new avenues for influencers to engage audiences in immersive gambling content.

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