SlideShare ist ein Scribd-Unternehmen logo
1 von 4
Downloaden Sie, um offline zu lesen
CROWDFUNDING AND CROWDSOURCING FOR THE GAMBLING INDUSTRY
http://gamcrowd.com/
What will be the impact of Crowdsourcing on the gambling industry?
White Paper
Outlook for the Crowdsourcing market
According to a 2012 report by Massolution called Enterprise Crowdsourcing: Market, Provider and
Worker Trends published on crowdsourcing.org, the market for services provided by the “crowd” had
been growing at over 75% per annum. In 2011, it was estimated that crowds it was worth around $375m
worldwide and was still growing at the same rate. Assuming that the rate of growth has continued until
now, the market is likely to be worth around $2bn in 2014 and current statistics suggest that there are
plenty of signs that that growth is continuing.
CROWDSOURCING INDUSTRY REVENUE GR
There are estimated to be around 3bn people online, and that number is expected to reach 5bn by 2020.
A growing number of that global online workforce are increasingly happy to seek work through a
crowdsourcing platform; either as their main source of income or as a supplementary wage. The same
crowdsourcing.org report suggested that there were 6.3m workers engaged in crowdsourcing in 2011,
and that number has been growing at 100% per annum.
TOTAL NUMBER OF CROWDSOURCING WORKERS
Source: crowdsourcing
CROWDFUNDING AND CROWDSOURCING FOR THE GAMBLING INDUSTRY
http://gamcrowd.com/
As we will discuss later in this paper, some of the world’s most innovative companies such as Amazon,
HP and Netflix use crowd sourcing, not just to reduce costs but to create a competitive advantage. This
paper examines the opportunity for operators within the Gambling industry to exploit the crowd.
Outlook for the Crowdsourcing market within the Gambling Industry
To date there is no actual data for the amount of crowdsourcing within the gambling industry and
anecdotal evidence is that it has yet to take hold. However, where it is happening it is reported under
generic industry groupings such as Media and Entertainment, which account for about 20% of the global
crowdsourcing market * (*Crowdsourcing.org)
According to The Economist magazine report in Feb 2014, the global gross win [=revenue?] for the
gambling industry is around $450bn and is expected to grow to around $550bn in 2018. The TV business
(including advertising spend) is a similar size to the Gambling Industry with the Economist estimating its
revenues are around $400bn, which is about a quarter of the global Media and Entertainment industry,
an industry that Crowdsourcing.org estimates to account for 20% of the worldwide crowdsourcing
CROWDFUNDING AND CROWDSOURCING FOR THE GAMBLING INDUSTRY
http://gamcrowd.com/
market. Although the methodology for arriving at these numbers is not ideal, a simple extrapolation
suggests that the Gambling Industry should be capable of accounting for around 5% of the worldwide
crowdsourcing market. That would put the potential market at around $100m in 2014. At GamCrowd,
we cannot find much evidence that the Gambling industry represents 5% of the market and thus we
believe there is a considerable opportunity for the industry to use the crowd much more. The
opportunity to fill this gap and drive further innovation and growth is why GamCrowd has launched an
online crowdsourcing and crowd funding platform and has recruited a crowd of gambling professionals
to act as our industry’s “crowd.”
Suitability of Gambling to Crowdsourcing
The rise of crowdsourcing in recent years is an online phenomenon – the arrival of web 2.0,
social media, cloud and mobile computing have all made it possible. It benefits industries more
that deal in digital ideas and data. We believe that the gambling industry has a tremendous
opportunity to benefit from the economics of the crowd, probably more so than any other
industry.
Gambling has been at the leading edge of the internet since the late 90s – modern gambling
businesses are global, multi platform, multi language, multi currency and extremely complex.
The online gambling industry has been at the very forefront of peer to peer technologies,
social media integration, data analytics, SEO, social media marketing and affiliate networks. The advance
of Bringing Your Own Device is transforming the land-based industry as is the use of cloud-based
systems to better manage those estates. There is a long history of start-ups innovating within the
industry and our experience at GamCrowd is that there is a healthy pipeline coming through.
This paper looks at a number of possible uses that the Gambling Industry could make of the
crowd and aims to provoke some early experiments with crowdsourcing amongst managers.
In it we go through all of the various tasks that we believe, the industry could do better via the
crowd. We have included some background information which we think will be of help to those
that are new to crowdsourcing.
Benefits
Flexibility and scalability: The crowd allows you to turn on a huge army of workers at the
click of a mouse and turn them back off when you are finished. They bring a variety of skills,
languages, perspectives and ideas and you can access them for as long (or as short) a time as
you need them.
Speed to market: Post a job on a crowdsourcing site and you will, if things go well, get
multiple proposals within hours. Per task workers are focused on delivering quickly and
efficiently. If you cut out the time taken to search for multiple options to get a quote, you can
get work done quicker. Also, crowd workers do not spend time commuting, sitting in meetings
or writing reports for their boss. They simply churn out the work. At GamCrowd, we have been
consistently delighted at the speed of turnaround of our tasks.
CROWDFUNDING AND CROWDSOURCING FOR THE GAMBLING INDUSTRY
http://gamcrowd.com/
Reach: In a global business such as online gaming, the crowd can let you operate every language and
country that you target to the same standard as your home market. The reach plus the costs will enable
new markets to be targeted that traditional methods would have ruled out on cost grounds.
Originality: The crowd brings the benefits of diversity and localisation
to your business across many departments such as technology, product, content and
marketing.
Costs: Cost is often quoted as the number one reason for using crowdsourcing. It is a huge
benefit but in our opinion it is not the number one benefit. Cost s are lower because you
only pay the cost of each task. Some of the costs you don’t pay are management overhead,
property and IT costs and employment costs. Per task and micro task models usually assume
a set time per task and the crowd worker will only charge for a few seconds or a few hours of
work. You are unlikely to have to commit to a long contract with a consultant. The market is
also global and workers have to compete against cheaper jurisdictions; GamCrowd’s brand
guidelines were produced by a young lady in Pakistan and we were delighted with the outcome.
We have used the crowd extensively to build our business and we have been amazed at how
little cash we have used to achieve some big results.

Weitere ähnliche Inhalte

Was ist angesagt?

IS IT TIME TO TAP INTO THE REAL-MONEY MOBILE GAMING BOOM ? Probability_Feb 1...
IS IT TIME TO TAP INTO THE REAL-MONEY MOBILE GAMING BOOM ?  Probability_Feb 1...IS IT TIME TO TAP INTO THE REAL-MONEY MOBILE GAMING BOOM ?  Probability_Feb 1...
IS IT TIME TO TAP INTO THE REAL-MONEY MOBILE GAMING BOOM ? Probability_Feb 1...
Market Engel SAS
 

Was ist angesagt? (20)

Mobile Earns More but is PC Social Casino Dead? | Carter Rogers
Mobile Earns More but is PC Social Casino Dead? | Carter RogersMobile Earns More but is PC Social Casino Dead? | Carter Rogers
Mobile Earns More but is PC Social Casino Dead? | Carter Rogers
 
Joy token pitch deck 30th dec1
Joy token pitch deck 30th dec1Joy token pitch deck 30th dec1
Joy token pitch deck 30th dec1
 
State of the Social Casino Industry – Q4 2017 | Adam Krejcik
State of the Social Casino Industry – Q4 2017 | Adam KrejcikState of the Social Casino Industry – Q4 2017 | Adam Krejcik
State of the Social Casino Industry – Q4 2017 | Adam Krejcik
 
Jago Studios Pitch Deck
Jago Studios Pitch DeckJago Studios Pitch Deck
Jago Studios Pitch Deck
 
Blockchain developer
Blockchain developerBlockchain developer
Blockchain developer
 
Forbes digital gaming report_spring 2021_final
Forbes digital gaming report_spring 2021_finalForbes digital gaming report_spring 2021_final
Forbes digital gaming report_spring 2021_final
 
Creating Emotional Connections Through Immersive Digital Experiences
Creating Emotional Connections Through Immersive Digital Experiences Creating Emotional Connections Through Immersive Digital Experiences
Creating Emotional Connections Through Immersive Digital Experiences
 
Esports Presentation
Esports PresentationEsports Presentation
Esports Presentation
 
State of the Social Casino Industry Q2/Q3 2016 | Elad Kushnir
State of the Social Casino Industry Q2/Q3 2016 | Elad KushnirState of the Social Casino Industry Q2/Q3 2016 | Elad Kushnir
State of the Social Casino Industry Q2/Q3 2016 | Elad Kushnir
 
Social Casino Q1 2014. Whats going on and why you should care.
Social Casino Q1 2014. Whats going on and why you should care. Social Casino Q1 2014. Whats going on and why you should care.
Social Casino Q1 2014. Whats going on and why you should care.
 
IS IT TIME TO TAP INTO THE REAL-MONEY MOBILE GAMING BOOM ? Probability_Feb 1...
IS IT TIME TO TAP INTO THE REAL-MONEY MOBILE GAMING BOOM ?  Probability_Feb 1...IS IT TIME TO TAP INTO THE REAL-MONEY MOBILE GAMING BOOM ?  Probability_Feb 1...
IS IT TIME TO TAP INTO THE REAL-MONEY MOBILE GAMING BOOM ? Probability_Feb 1...
 
Financial crime in online gaming internet addicts as victims
Financial crime in online gaming internet addicts as victimsFinancial crime in online gaming internet addicts as victims
Financial crime in online gaming internet addicts as victims
 
Same Challenge - New Approach: How Lotteries Attract New Customers In A Crowd...
Same Challenge - New Approach: How Lotteries Attract New Customers In A Crowd...Same Challenge - New Approach: How Lotteries Attract New Customers In A Crowd...
Same Challenge - New Approach: How Lotteries Attract New Customers In A Crowd...
 
Esports Entertainment Banker Presentation
Esports Entertainment Banker PresentationEsports Entertainment Banker Presentation
Esports Entertainment Banker Presentation
 
Forbes Digital Gaming Report Summer 2020
Forbes Digital Gaming Report Summer 2020Forbes Digital Gaming Report Summer 2020
Forbes Digital Gaming Report Summer 2020
 
Casinos: The New Gold Rush For Developers? | Darion Lowenstein
Casinos: The New Gold Rush For Developers? | Darion LowensteinCasinos: The New Gold Rush For Developers? | Darion Lowenstein
Casinos: The New Gold Rush For Developers? | Darion Lowenstein
 
Booming M&A Gaming Market
Booming M&A Gaming MarketBooming M&A Gaming Market
Booming M&A Gaming Market
 
Click Earn Grow 2009 Orginal Concept by Darren Matadeen Bet Markets Asia 2009...
Click Earn Grow 2009 Orginal Concept by Darren Matadeen Bet Markets Asia 2009...Click Earn Grow 2009 Orginal Concept by Darren Matadeen Bet Markets Asia 2009...
Click Earn Grow 2009 Orginal Concept by Darren Matadeen Bet Markets Asia 2009...
 
Financial crime in online gaming internetaddictsasvictims 190816062828
Financial crime in online gaming internetaddictsasvictims 190816062828Financial crime in online gaming internetaddictsasvictims 190816062828
Financial crime in online gaming internetaddictsasvictims 190816062828
 
Gamestop crisis
Gamestop crisisGamestop crisis
Gamestop crisis
 

Ähnlich wie CROWDFUNDING AND CROWDSOURCING FOR THE GAMBLING INDUSTRY

OurCrowd Startup Investing Guide - AdTech
OurCrowd Startup Investing Guide - AdTechOurCrowd Startup Investing Guide - AdTech
OurCrowd Startup Investing Guide - AdTech
David Hoffmann
 
Wcp ad-tech-report-20140821 (1)
Wcp ad-tech-report-20140821 (1)Wcp ad-tech-report-20140821 (1)
Wcp ad-tech-report-20140821 (1)
Sumit Roy
 
Think programmatic event_report_2014
Think programmatic event_report_2014Think programmatic event_report_2014
Think programmatic event_report_2014
AdCMO
 
Digital Media Strategies 2013 - Full Report from TheMediaBriefing
Digital Media Strategies 2013 - Full Report from TheMediaBriefingDigital Media Strategies 2013 - Full Report from TheMediaBriefing
Digital Media Strategies 2013 - Full Report from TheMediaBriefing
Patrick Smith
 
GNB Investment Nov FINAL
GNB Investment Nov FINALGNB Investment Nov FINAL
GNB Investment Nov FINAL
Guy Insull
 

Ähnlich wie CROWDFUNDING AND CROWDSOURCING FOR THE GAMBLING INDUSTRY (20)

OurCrowd Startup Investing Guide - AdTech
OurCrowd Startup Investing Guide - AdTechOurCrowd Startup Investing Guide - AdTech
OurCrowd Startup Investing Guide - AdTech
 
ClickZ Buyers Guide - Bid Management - PPC, Display, Social Media
ClickZ Buyers Guide - Bid Management - PPC, Display, Social MediaClickZ Buyers Guide - Bid Management - PPC, Display, Social Media
ClickZ Buyers Guide - Bid Management - PPC, Display, Social Media
 
3DHoudini Q&A
3DHoudini Q&A3DHoudini Q&A
3DHoudini Q&A
 
3DHoudini Q&A
3DHoudini Q&A3DHoudini Q&A
3DHoudini Q&A
 
Razorfish Outlook Report Vol 10
Razorfish Outlook Report Vol 10Razorfish Outlook Report Vol 10
Razorfish Outlook Report Vol 10
 
Payroll World - January 2015
Payroll World - January 2015Payroll World - January 2015
Payroll World - January 2015
 
woodside capital partners whitepaper on Online Advertising technology growth
woodside capital partners  whitepaper on  Online Advertising technology growthwoodside capital partners  whitepaper on  Online Advertising technology growth
woodside capital partners whitepaper on Online Advertising technology growth
 
Wcp ad-tech-report-20140821 (1)
Wcp ad-tech-report-20140821 (1)Wcp ad-tech-report-20140821 (1)
Wcp ad-tech-report-20140821 (1)
 
Unlocking the value of real-time for OOH advertisers
Unlocking the value of real-time for OOH advertisersUnlocking the value of real-time for OOH advertisers
Unlocking the value of real-time for OOH advertisers
 
Think programmatic event_report_2014
Think programmatic event_report_2014Think programmatic event_report_2014
Think programmatic event_report_2014
 
Digital Media Strategies 2013 - Full Report from TheMediaBriefing
Digital Media Strategies 2013 - Full Report from TheMediaBriefingDigital Media Strategies 2013 - Full Report from TheMediaBriefing
Digital Media Strategies 2013 - Full Report from TheMediaBriefing
 
ClearCoin: Building Google of the Decentralized Web
ClearCoin: Building Google of the Decentralized WebClearCoin: Building Google of the Decentralized Web
ClearCoin: Building Google of the Decentralized Web
 
GNB Investment Nov FINAL
GNB Investment Nov FINALGNB Investment Nov FINAL
GNB Investment Nov FINAL
 
L'achat programmatique vu par Ipsos
L'achat programmatique vu par IpsosL'achat programmatique vu par Ipsos
L'achat programmatique vu par Ipsos
 
A Path To Brand Reintegration
A Path To Brand ReintegrationA Path To Brand Reintegration
A Path To Brand Reintegration
 
Forecast 2019
Forecast 2019Forecast 2019
Forecast 2019
 
The smac-code-embracing-new-technologies-for-future-business (1)
The smac-code-embracing-new-technologies-for-future-business (1)The smac-code-embracing-new-technologies-for-future-business (1)
The smac-code-embracing-new-technologies-for-future-business (1)
 
Business and the digital revolution
Business and the digital revolutionBusiness and the digital revolution
Business and the digital revolution
 
8 Quotes about the Future of Display Advertising
8 Quotes about the Future of Display Advertising8 Quotes about the Future of Display Advertising
8 Quotes about the Future of Display Advertising
 
Tackling ad fraud in 2016
Tackling ad fraud in   2016Tackling ad fraud in   2016
Tackling ad fraud in 2016
 

KĂźrzlich hochgeladen

0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
Renandantas16
 
Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...
Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...
Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...
amitlee9823
 
Call Girls Kengeri Satellite Town Just Call 👗 7737669865 👗 Top Class Call Gir...
Call Girls Kengeri Satellite Town Just Call 👗 7737669865 👗 Top Class Call Gir...Call Girls Kengeri Satellite Town Just Call 👗 7737669865 👗 Top Class Call Gir...
Call Girls Kengeri Satellite Town Just Call 👗 7737669865 👗 Top Class Call Gir...
amitlee9823
 
Call Girls In Noida 959961⊹3876 Independent Escort Service Noida
Call Girls In Noida 959961⊹3876 Independent Escort Service NoidaCall Girls In Noida 959961⊹3876 Independent Escort Service Noida
Call Girls In Noida 959961⊹3876 Independent Escort Service Noida
dlhescort
 
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
lizamodels9
 

KĂźrzlich hochgeladen (20)

Katrina Personal Brand Project and portfolio 1
Katrina Personal Brand Project and portfolio 1Katrina Personal Brand Project and portfolio 1
Katrina Personal Brand Project and portfolio 1
 
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Service
 
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRLMONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
 
Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...
Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...
Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...
 
Cracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptxCracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptx
 
Uneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration PresentationUneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration Presentation
 
Call Girls Kengeri Satellite Town Just Call 👗 7737669865 👗 Top Class Call Gir...
Call Girls Kengeri Satellite Town Just Call 👗 7737669865 👗 Top Class Call Gir...Call Girls Kengeri Satellite Town Just Call 👗 7737669865 👗 Top Class Call Gir...
Call Girls Kengeri Satellite Town Just Call 👗 7737669865 👗 Top Class Call Gir...
 
Falcon Invoice Discounting platform in india
Falcon Invoice Discounting platform in indiaFalcon Invoice Discounting platform in india
Falcon Invoice Discounting platform in india
 
Value Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and painsValue Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and pains
 
Call Girls Service In Old Town Dubai ((0551707352)) Old Town Dubai Call Girl ...
Call Girls Service In Old Town Dubai ((0551707352)) Old Town Dubai Call Girl ...Call Girls Service In Old Town Dubai ((0551707352)) Old Town Dubai Call Girl ...
Call Girls Service In Old Town Dubai ((0551707352)) Old Town Dubai Call Girl ...
 
Pharma Works Profile of Karan Communications
Pharma Works Profile of Karan CommunicationsPharma Works Profile of Karan Communications
Pharma Works Profile of Karan Communications
 
Call Girls In Noida 959961⊹3876 Independent Escort Service Noida
Call Girls In Noida 959961⊹3876 Independent Escort Service NoidaCall Girls In Noida 959961⊹3876 Independent Escort Service Noida
Call Girls In Noida 959961⊹3876 Independent Escort Service Noida
 
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best ServicesMysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
 
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
 
BAGALUR CALL GIRL IN 98274*61493 ❤CALL GIRLS IN ESCORT SERVICE❤CALL GIRL
BAGALUR CALL GIRL IN 98274*61493 ❤CALL GIRLS IN ESCORT SERVICE❤CALL GIRLBAGALUR CALL GIRL IN 98274*61493 ❤CALL GIRLS IN ESCORT SERVICE❤CALL GIRL
BAGALUR CALL GIRL IN 98274*61493 ❤CALL GIRLS IN ESCORT SERVICE❤CALL GIRL
 
Organizational Transformation Lead with Culture
Organizational Transformation Lead with CultureOrganizational Transformation Lead with Culture
Organizational Transformation Lead with Culture
 
RSA Conference Exhibitor List 2024 - Exhibitors Data
RSA Conference Exhibitor List 2024 - Exhibitors DataRSA Conference Exhibitor List 2024 - Exhibitors Data
RSA Conference Exhibitor List 2024 - Exhibitors Data
 
Business Model Canvas (BMC)- A new venture concept
Business Model Canvas (BMC)-  A new venture conceptBusiness Model Canvas (BMC)-  A new venture concept
Business Model Canvas (BMC)- A new venture concept
 
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
 

CROWDFUNDING AND CROWDSOURCING FOR THE GAMBLING INDUSTRY

  • 1. CROWDFUNDING AND CROWDSOURCING FOR THE GAMBLING INDUSTRY http://gamcrowd.com/ What will be the impact of Crowdsourcing on the gambling industry? White Paper Outlook for the Crowdsourcing market According to a 2012 report by Massolution called Enterprise Crowdsourcing: Market, Provider and Worker Trends published on crowdsourcing.org, the market for services provided by the “crowd” had been growing at over 75% per annum. In 2011, it was estimated that crowds it was worth around $375m worldwide and was still growing at the same rate. Assuming that the rate of growth has continued until now, the market is likely to be worth around $2bn in 2014 and current statistics suggest that there are plenty of signs that that growth is continuing. CROWDSOURCING INDUSTRY REVENUE GR There are estimated to be around 3bn people online, and that number is expected to reach 5bn by 2020. A growing number of that global online workforce are increasingly happy to seek work through a crowdsourcing platform; either as their main source of income or as a supplementary wage. The same crowdsourcing.org report suggested that there were 6.3m workers engaged in crowdsourcing in 2011, and that number has been growing at 100% per annum. TOTAL NUMBER OF CROWDSOURCING WORKERS Source: crowdsourcing
  • 2. CROWDFUNDING AND CROWDSOURCING FOR THE GAMBLING INDUSTRY http://gamcrowd.com/ As we will discuss later in this paper, some of the world’s most innovative companies such as Amazon, HP and Netflix use crowd sourcing, not just to reduce costs but to create a competitive advantage. This paper examines the opportunity for operators within the Gambling industry to exploit the crowd. Outlook for the Crowdsourcing market within the Gambling Industry To date there is no actual data for the amount of crowdsourcing within the gambling industry and anecdotal evidence is that it has yet to take hold. However, where it is happening it is reported under generic industry groupings such as Media and Entertainment, which account for about 20% of the global crowdsourcing market * (*Crowdsourcing.org) According to The Economist magazine report in Feb 2014, the global gross win [=revenue?] for the gambling industry is around $450bn and is expected to grow to around $550bn in 2018. The TV business (including advertising spend) is a similar size to the Gambling Industry with the Economist estimating its revenues are around $400bn, which is about a quarter of the global Media and Entertainment industry, an industry that Crowdsourcing.org estimates to account for 20% of the worldwide crowdsourcing
  • 3. CROWDFUNDING AND CROWDSOURCING FOR THE GAMBLING INDUSTRY http://gamcrowd.com/ market. Although the methodology for arriving at these numbers is not ideal, a simple extrapolation suggests that the Gambling Industry should be capable of accounting for around 5% of the worldwide crowdsourcing market. That would put the potential market at around $100m in 2014. At GamCrowd, we cannot find much evidence that the Gambling industry represents 5% of the market and thus we believe there is a considerable opportunity for the industry to use the crowd much more. The opportunity to fill this gap and drive further innovation and growth is why GamCrowd has launched an online crowdsourcing and crowd funding platform and has recruited a crowd of gambling professionals to act as our industry’s “crowd.” Suitability of Gambling to Crowdsourcing The rise of crowdsourcing in recent years is an online phenomenon – the arrival of web 2.0, social media, cloud and mobile computing have all made it possible. It benefits industries more that deal in digital ideas and data. We believe that the gambling industry has a tremendous opportunity to benefit from the economics of the crowd, probably more so than any other industry. Gambling has been at the leading edge of the internet since the late 90s – modern gambling businesses are global, multi platform, multi language, multi currency and extremely complex. The online gambling industry has been at the very forefront of peer to peer technologies, social media integration, data analytics, SEO, social media marketing and affiliate networks. The advance of Bringing Your Own Device is transforming the land-based industry as is the use of cloud-based systems to better manage those estates. There is a long history of start-ups innovating within the industry and our experience at GamCrowd is that there is a healthy pipeline coming through. This paper looks at a number of possible uses that the Gambling Industry could make of the crowd and aims to provoke some early experiments with crowdsourcing amongst managers. In it we go through all of the various tasks that we believe, the industry could do better via the crowd. We have included some background information which we think will be of help to those that are new to crowdsourcing. Benefits Flexibility and scalability: The crowd allows you to turn on a huge army of workers at the click of a mouse and turn them back off when you are finished. They bring a variety of skills, languages, perspectives and ideas and you can access them for as long (or as short) a time as you need them. Speed to market: Post a job on a crowdsourcing site and you will, if things go well, get multiple proposals within hours. Per task workers are focused on delivering quickly and efficiently. If you cut out the time taken to search for multiple options to get a quote, you can get work done quicker. Also, crowd workers do not spend time commuting, sitting in meetings or writing reports for their boss. They simply churn out the work. At GamCrowd, we have been consistently delighted at the speed of turnaround of our tasks.
  • 4. CROWDFUNDING AND CROWDSOURCING FOR THE GAMBLING INDUSTRY http://gamcrowd.com/ Reach: In a global business such as online gaming, the crowd can let you operate every language and country that you target to the same standard as your home market. The reach plus the costs will enable new markets to be targeted that traditional methods would have ruled out on cost grounds. Originality: The crowd brings the benefits of diversity and localisation to your business across many departments such as technology, product, content and marketing. Costs: Cost is often quoted as the number one reason for using crowdsourcing. It is a huge benefit but in our opinion it is not the number one benefit. Cost s are lower because you only pay the cost of each task. Some of the costs you don’t pay are management overhead, property and IT costs and employment costs. Per task and micro task models usually assume a set time per task and the crowd worker will only charge for a few seconds or a few hours of work. You are unlikely to have to commit to a long contract with a consultant. The market is also global and workers have to compete against cheaper jurisdictions; GamCrowd’s brand guidelines were produced by a young lady in Pakistan and we were delighted with the outcome. We have used the crowd extensively to build our business and we have been amazed at how little cash we have used to achieve some big results.