Operators in North Carolina have recorded their lowest hold since launching in August, according to a report by iGaming Business. The state’s online gambling market has been struggling to gain traction since its inception, with operators facing challenges in attracting and retaining players.
Despite initial optimism following the launch of online gambling in North Carolina, operators have faced fierce competition from other states and traditional gambling outlets. This has resulted in a decrease in the revenue generated by online gambling platforms.
The low hold rate recorded by operators is a cause for concern as it indicates a lack of profitability in the market. Some operators have attributed the low hold rate to a lack of interest in online gambling among North Carolina residents, while others have pointed to the challenges of operating in a highly competitive market.
Industry experts believe that in order to improve the profitability of online gambling in North Carolina, operators need to focus on improving their marketing strategies and offering more attractive promotions to players. Additionally, they suggest that operators should consider expanding their offerings to include new and innovative games that will appeal to a wider range of players.
Despite the challenges facing the online gambling market in North Carolina, operators remain optimistic about the future. They are confident that with the right strategies and investments, they can turn the tide and attract more players to their platforms.
Overall, the low hold rate recorded by operators in North Carolina highlights the challenges and opportunities present in the state’s online gambling market. It remains to be seen how operators will adapt and evolve in response to these challenges in the coming months.
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