Online gaming is booming. According to the American Gaming Association, online gaming accounted for nearly 25% of industry revenue in Q1 2023—the most ever. Coupled with gaming’s growth as a whole, online brands have an opportunity to grow rapidly.
But there are several challenges. The digital landscape’s shift to a privacy-first mindset has cut traditional marketing strategies short. Media fragmentation makes audience tracking more difficult. And casinos are making a splash with their access to first-party data and marketing capital.
While these challenges are significant, they’re not impossible with the right strategies. Brands that leverage effective audience measurement tools have the inside track to leading the online gaming world. Here are four major challenges—and in turn, must-haves—online gaming brands need to master.
Americans consume content across a staggering number of media. According to Deloitte, the average household has 22 connected devices. In some ways, this is a marketer’s dream, as there are so many ways to reach users.
It’s also a measurement and attribution nightmare. Take an online sportsbook, for example. A consumer sees an ad for your brand on their connected TV. They pull up your website on their tablet. The next day, they install your app on their smartphone and create an account. Did your analytics platform stitch that all together?
Linking those interactions is challenging, but critical. Without a single source of truth, you face problems:
CX is critical for any industry. But it’s the lifeblood of traditional gaming. Casinos engineer the ideal environment to maximize engagement. Visitors have access to lodging, food, drink, and other amenities without leaving the facility. Loyalty programs tie gamers’ preferences to spending habits, facilitating targeted promotions and incentives. And by offering entertainment alongside gaming, they transform it from an activity to an experience.
Lying on your couch with a mobile device will never compare to sitting in a bustling casino. But online gaming can still deliver an engaging experience for users. Here are three key areas to address:
Personalization delivers tangible results for online gaming brands. As Future Anthem CEO Leigh Nissim noted, “We see improved retention rates from 29% from day one to day two, but there are other really great metrics out there such as spins per player, we see 4x more spins per player for those that receive personalized recommendations.”
For years, brands have used third-party cookies to track user behavior. Cookies were a window into online behaviors and an easy way to build a comprehensive profile.
In a post-cookie world, online gaming companies need a new approach. First-party data offers a clear answer, but it’s not without complications:
For marketers, growth is almost always good. But you also need to be able to measure and manage it. Otherwise, you’re unlikely to repeat and scale what’s working.
Profitability is the most important metric for growth, but it’s not the whole story. Statistics like reach and active users, and factors like advertising and content costs play a big role. And therein lie the challenges:
Getting a handle on KPIs and growth has a huge impact on marketing effectiveness. According to an executive at a major online gaming brand, “We've increased the conversion rate of free to paid users by 2X, month-over-month retention of paid users by 30%, and reduced the time it took to identify and fix issues from weeks to hours.”
Online gaming brands face a diverse set of challenges. But the common theme is—you need data to solve them. More importantly, you need fresh data and the tools to turn information into actionable insights. That’s where a customer intelligence platform comes in.
A customer intelligence platform helps you:
Find out how the right customer intelligence platform can help your online gaming brand connect with your audience.