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Are soaring gas prices good for online gambling?

There's new interest in an old(ish) study on the impact of fuel prices on gambling choices this week as the cost of filling a tank continues to climb, pressuring disposable income.
 
Back in late 2005 when fuel prices in the US soared to what was then considered unprecedented levels of over $3 a gallon, the Las Vegas market research company Precision Opinion conducted a controversial Southern Californian survey that suggested that up to half of gamblers would stop driving to Las Vegas once the gallon price of fuel topped $3.50.
 
Jim Medick of Precision Opinion postulated a direct relationship between rising gas prices and fewer trips, going on to extrapolate the result to a scenario where gas prices hit $4.33 a gallon, at which point 80 percent of drivers said Clun USA Casinothey would stop driving to Las Vegas. And at $4.97 per gallon, that figure jumped another 10 percent to 90 percent.
 
About half of all drivers reaching their theoretical limits said they would turn to alternative means of transportation rather than cancel their gambling trips, leaving a still significant number of would-be gamblers who would forego visits to the gambling mecca on a regular basis.
 
The survey found that younger drivers in the 21 to 30 age group were more receptive to seeking alternative modes of transport than older drivers, and that those over age 60 were more vulnerable and sensitive to gas price increases.
 
Three years ago, few could have envisaged a scenario where the price of gas went over the $4 a gallon mark experienced these days, and although the "pain threshold" has probably gone up in tandem with recent increases, it could still be having an significant impact.
 
That begs the question of what it is today, and whether gamblers might turn increasingly to the Internet as a travel-free method of enjoying their gambling?



Gambling News :

MLB Odds: Stroman Gets the Nod Against Royals - The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.

Microgaming in bingo software deal with Marathonbet - Marathonbet’s loyal customers will now be able to enjoy an extensive Bingo offering – marking another big expansion of its online gaming collection.

Microgaming QuickFire enters Coloumbia - Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.

Partypoker to sponsor WSOPC Uruguay - Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.

MLB Odds: Jays Hope to Spoil Orioles’ Visit - The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.

Money Storm Casino - Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.

Big Online SLot Win on Ultimate 10X Slot - At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000

MPN Greatest Poker Player in the Universe - The MPN announces the third annual Universal Championship of Poker (UCOP III), boasting €750,000 guaranteed across 59 tournament events this September

PartyPoker Exits Australia - From 31st August 2017 partypoker players will no longer be able to play from Australia. Players’ deposited funds are safe and available for withdrawal.

Mercury Poker Live on Indian Poker Network - Mercury Poker Live on MPN's Indian Poker Network. MPN India, established in 2015, is a ring-fenced poker network dedicated to the Indian market and operating exclusively in Indian Rupees.

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