One of the lingering questions about the present and future state of online bingo has to be the jackpots involved in an Internet bingo game. Websites like Bingo House, Astro Bingo, Cyber Bingo, Bingo Canada and any of the over 100 bingo websites now available are allowing bingo players to play a new game at least every ten minutes. Yet the belief is that the jackpots on these bingo games will only be increasing. How can jackpot bingo get larger on the Internet when there are so many bingo games being won? In a recent interview with Anthony Wayne of Bingo Hous gave us some key answers to that question. "It really has to do with the possible bingo market available," Wayne said. "What you have to understand is that land based bingo has grown to a billion dollar industry.
Online bingo is expected to take on one percent of that market in the next two years. One percent of a couple billion dollars turns around into increased winnings for jackpot bingo." More players equals more and higher jackpot bingo games. But the number of online bingo websites is also increasing.
That means more and more people will win at bingo, but it also seems to mean that the overall money will be spread out into multiple jackpots. We asked Wayne how he thinks the competition will affect peoples' bingo winnings. "The competition, if anything, will probably increase the amount of money people are winning at bingo," Wayne said. "Our site bingohouse currently gives away about 80% of the money we make from bingo card sales.
Compared to most businesses that's practically nothing. You look at most lotteries and the jackpot is usually about 30% of what is collected." Wayne went on to explain how the classic business theory of supply and demand applies just as easily to online bingo.
"There are a little over 100 online bingo websites. That's nothing compared to the number of bingo players in the world. As more people become accustomed to the Internet, more bingo players will find online bingo. The supply will never surpass the demand." When asked how Bingo House plans to keep up with the competition Wayne had to let out a little laugh. "We're going to keep our bingo players happy.
That means good clean chat rooms, fun and easy to play games, and of course the biggest jackpot bingos we can offer." We think the answers pretty obvious. How are online bingo jackpots going to get bigger? By playing more online bingo and getting your bingo buddies to play too. It's easy, it's fun, it's bingo, and it's available now. The more bingo sites there are and the more games there are translates into more chances to win. There are now more than 100 sites where a staggering number of different forms of bingo can be played.
If you play often enough you're bound to win sooner or later.Just be sure the site you're playing is secure and has proper credentials. Bingo does not have the scammers that seem to be common with other forms of internet gambling.And best of all you don't have to sit in some dingy church basement and breathe someone else's smoke.
Jeffrey Davis is a expert on Bingo and a marketing executive at Triumph Marketing, you can find more of Jeff's Bingo Articles and play bingo at http://www.bingohouse.com