How is Poker unprofitable or less profitable when their rake is 5%? They take 5% from each hand, which gives them a huge guaranteed Profit.
It seems to me that you are unclear about the difference between revenue and net profit.
It's 5% depending on the site, on the hands where you see the flop; if there's no flop, there's no rake. Plus, with bonus and rakeback options, it'll be less. Also, that 5% has to cover a lot of expenses.
But the main difference between poker and casino games like slots, which is more profitable, is that in poker there are net winners who deposit once and then only make withdrawals. In casino games, people occasionally cash out when they have a big win, but all customers are net losers. In poker, no, the net winners take money out of what is deposited.
In live poker, it's not profitable because of the structure, because you need to pay dealers, change decks, and each hand is very slow compared to someone who sits down to play slots and doesn't stop clicking. In online poker, you don't need that physical structure, but there's a greater risk of collusion, for example.
Am I wrong in my thoughts? I agree with you that slots generate more money than Poker because Poker hands are very slow and slot spins are done in seconds and sometimes automated spins speed up the process, also, lots of people play slots and less play Poker because slots is very easy while poker requires some skills. Btw I belive that Poker has a very good profit margins and casino's profit is guaranteed in this game, so, I can't see any reason why it's a bad idea to implement and maintain Poker game.
Again, good gross margins only in hands that see the flop, but net margins are low or negative.
This is very interesting. Why is this happening? Here, locally, it doesn't shrink but slots are very popular.
Basically because poker expanded when it was very easy to win, so even people who didn't know how to play won more often or their money lasted longer. Today, if you go to the major sites around the world, everyone plays with statistics programs, selects their starting hands, plays aggressively, and even uses AI. The game has gone from being eminently fun for net losers to something robotic that is no fun.
I don't know if you understand me correctly, but the rest of gambling, such as slots, continues to expand; it is the poker market that has been declining for years.