The time has come for the gambling domain to flourish. Over the past dozen of years the industry of betting and online casinos has undergone numerous technological advancements to remain one of the prosperous markets in world business. And following the inception of cryptocurrency later, there are hopes next years will be exciting and eventful.
As of today, Internet gambling platforms have grown into sophisticated and fully-fledged ventures. This has served to be an incentive for more gamblers to turn down playing at brick-and-mortar venues and commence spinning online casino reels. Recent data researches report the ultimate worth of the whole gambling industry is going to pile up to astronomical $1 trillion.
Throughout the current time, our world is going to embrace the emergence of particular trends. The kernel of this article revolves around certain popular tendencies concerning the gambling market. Once you make up your mind whether playing at an online casino is a splendid match, one could see several aspects you should apprehend.
Evolving Online Casino Trends
Here are common gambling trends that will certainly take over in the online casino market in the near future. Let’s shortly enumerate those central aspects:
- Online casino market value amplifies
- Mainstream online casinos with blockchain technologies
- Being strongly committed to the basis of responsible gambling
- Transformation of customer experience thanks to AR and VR innovations
- Major boost in live dealer games appeal
- Punter preferences are going to change
As of now, it is high time we clarify each trend in greater detail.
Gambling Market is Escalating
The gambling domain saw an escalation of market shares with 2020 figures close to no less than $67 billion. This is more than a 13% increase from 2019 figures. Nearly all casino pundits acknowledge it will take several more years until nations and their business spheres of life return to normality. From then on, the online gambling industry will carry on thriving. By multiple evaluations, experts expect the market value to pile up to match the $92 billion mark.
Furthermore, one could unveil 2 more arguments for the casino market to expand:
- The scale of legalisation. Some time ago there happened to occur more restrictions in regards to online casino functioning. The most remarkable instance is the prohibition of Internet gambling in such territories as the United Stats and New Zealand. Recently, these countries have allowed playing at casino venues online. Also, bear in mind the growth of people’s capabilities of spending. This is a clear indication the online casino future is prosperous
- Gambling and gaming on mobile devices takes over the industry. There is already more than a 55% escalation of the mobile casino popularity among punters from across the world. Having stronger Internet bandwidth, swift connections and enough memory, there is no hardship in downloading a dedicated mobile casino app and relishing playing astonishing slots and other marvelous products while on the go. Smartphone screens get wider, portable devices encapsulate a sheer range of extraordinary features older versions aren’t able to run – modern casino developers have taken virtually every technological advancement to their benefit by setting up gambling solutions compatible with multiple mobile operational systems.
Blockchain set to Overshadow Traditional Banking
Cryptocurrency innovations in recent years aren’t going to disrupt digital money transfers at online casinos. On the contrary, the role of crypto in the gambling industry will escalate in the years to come. As of today, loads of Internet casinos already accept multiple cryptocurrency values ranging from the widely recognised Bitcoin to present-day Dogecoin and Litecoin kinds of digital money. It goes without saying that, due to cryptocurrency anonymity and data security, punters are willing to opt for Bitcoin and other values rather than conventional credit card and e-wallet payment methods.
Although traditional banking options are going to remain at some renowned online casinos, the scales have tipped towards cryptocurrency. Now you can observe the ongoing replacement of credit cards, vouchers and e-wallets. Being unable to trace is imperative for current punters prior to selecting a gambling platform to register on. More than just that, with cryptocurrency, it has become extremely challenging for hackers and third-parties to take fraudulent actions. Therefore, cryptocurrency is here to stay for perpetuity. Until another more sophisticated and attractive banking option appears on the horizon.
There are already lots of stellar online casinos that are operating on the right track by being greatly committed to the principles of responsible gambling. And following the spike of issues concerning punters’ mental health and drug abuse, it is becoming progressively significant for Internet casinos to devote a formidable amount of time tackling these disruptive life problems. As a clear example of following responsible gambling principles, the countries of Sweden and the UK regulate the gambling market pretty keenly. Online casinos based outside the aforementioned territories are obliged to restrict underaged players from registering at casino venues and promote advertisements that help smooth upsetting casino playing ramifications.
AR and VR Modernization
Virtual and augmented realities represent other impeccable creations that force the gambling industry to strive. VR and AR propose an absorbing playing experience. Whilst the increase of VR and AR playing opportunities are evolving, there will pop up more Internet gambling platforms providing immersive game products to thousands of avid players across various territories. This is just a matter of several years when players could enjoy fascinating game solutions sipping their favourite beverages and having tasty snacks from the comforts of their homes. For instance, this is the case for the NetEnt software provider. This prominent player on the gambling scene has come up with technological upgrades when it demonstrated a virtual reality demo variation of the Jack and Beanstalk slot game. It makes sense that punters are crying for more now. One could discover a genuine outcry for more fully-fledged augmented and virtual reality projects.
Demand for Live Dealer Games
It is no amusement both newbie players and online casino aficionados are eagerly searching for more ways to have a good time spinning slots or shuffling cards. Luckily for them, modern Internet casino platforms contain something gamblers would find alluring and authentic. We are talking about immersive live dealer games, of course.
As augmented and virtual reality advancements take hold, online casinos offer having an empowering real-life experience playing against real-life opponents through a live stream. A common example of this revolves around gamers that could communicate with other players and the dealer himself while playing baccarat, blackjack or roulette products. That is why we can for sure announce that online gambling is actually real.
For as long as each punter possesses a contemporary portable device (smartphones or tablets), the interconnection of mobile and social gaming is going to affect the gambling domain unquestionably. The market has already seen playing online casino games on mobile phones being amplified. Henceforth, there has been a tremendous spike in free-to-play games. In other words, such products don’t require real money to be deposited. Online casinos are able to make money out of other sources of income. Another feature of online casino games consists in billing money to upgrade games and access particular features. Nowadays a large chunk of punters are ready to spend their money on virtual offerings. It is understandable as these tools bring an exquisite casino experience.
By and large, the online casino domain will definitely prosper in the near future. All arguments outlined in this article speak for themselves. Imagine one day having a great time spinning casino reels in a virtual reality headset. And with multiple cryptocurrency options for you to smoothly deposit and withdraw funds, of course. But what are we saying –it is a common trend already!