TikTok for Casinos, It's About TIme!
In today’s digital age, the landscape of advertising is constantly evolving, and social media platforms have become a pivotal arena for businesses to engage with their target audiences. While platforms like Facebook and Instagram have long been the go-to for casino advertising, TikTok has been avoided as it tended to draw a much younger audience.
Recent research conducted by Catalyst in four key markets in the United States has revealed a growing adoption of TikTok among casino goers. The research, which encompassed a total of 1,200 gamers in Wisconsin, California, Texas, and Oklahoma, shed light on the fact that TikTok is not just a platform for dance challenges and lip-syncing, but a space where potential casino customers are spending their time.
One of the key findings of the research was the shift in demographics of TikTok users. Initially popular among a younger audience, similar to how Instagram started, TikTok is now trending towards a broader age range, including the demographic of casino goers. This shift indicates that TikTok is no longer just a platform for Gen Z but has expanded its reach to older age groups, making it a viable space for casinos to target a diverse audience.
However, despite the promising potential of TikTok as an advertising platform, there is one significant drawback that casinos should consider. The minimum spend for advertising on TikTok is notably higher, standing at $50 a day, compared to the more modest $5 a day on Meta (Facebook and Instagram). This higher entry barrier may pose a challenge for smaller casinos or those with limited advertising budgets.
Despite this drawback, the growing adoption of TikTok among casino goers suggests that the platform holds valuable opportunities for casinos to reach and engage with their target audience. The ability to create engaging, short-form video content that showcases the excitement and entertainment of a casino experience could be a game-changer for the industry.
As TikTok continues to gain momentum and expand its user base, casinos should not overlook the platform’s potential as a powerful advertising tool. By leveraging TikTok’s reach and engagement, casinos can connect with a wider audience and create brand awareness in a space that is rapidly evolving.
As casinos navigate the continually evolving landscape of marketing, Catalyst can help your marketing department stay up to speed with marketing trends as they evolve. For more information on how to build your brand and drive revenue through TikTok, Catalyst is here to help. Contact us at info@teamcatalyst.com.