iGB Intelligence reports Jumio-IGB Abandonment in Gaming White Paper | Page 4

1 The persistence of the leaky bucket… However, as impressive as overall industry and mobile platform growth is, many customers and millions of pounds of revenue are being lost, as operators acquisition programs have come to resemble leaky buckets. Research conducted earlier this year by Jumio shows that a quarter of visitors to online gaming sites are giving up before they even finish registration. Jumio’s survey with Harris Research polling over two thousand consumers in the US and the UK showed that 24% of consumers attempting to open an account with an online gaming firm had abandoned the transaction. And it’s not just at the registration stage that operators lose customers — many also turn away while attempting to make their first deposit, and valuable customers are also lost to churn due to slow and complicated pay-out processes. With this in mind, the purpose of this white paper is to research the problem of abandonment in online gaming, how it affects operators and find out what can be done to tackle the issue. 24% LOST Working in cooperation with iGaming Business, we’ve conducted confidential qualitative interviews with 17 operators across Europe and the US to get an inside view on the abandonment issue, with the results largely concurring with the numbers given by consumers themselves. Understandably, operators were at times reluctant to divulge abandonment rates within their companies, while others were actually unaware of how much business they lost because of it. The insights and comments quoted in this report have been anonymised to enable respondents to speak freely about what remain sensitive topics for every gaming operator. Mobile gaming registration and deposit abandonment benchmarking study 4