The online gambling industry has continued to grow exponentially over the past few years. Many countries have legalized partially or fully online gambling, whether it is online casino games or sports betting. But what can we expect to happen in iGaming world In the next decade?
This article discusses what market leaders expect iGaming and expected trends. We will also highlight some of the numbers in the market to show how healthy the growth that has occurred in recent years has been. If you want to know more about it and more, keep reading.
iGaming: How far have you come
Before the internet, gambling was rather boring, and many countries banned it. In countries where it is legal, players had to go to the gambling infrastructure before they could play their favorite games or bet on sporting events.
But now that the internet has arrived, it has changed a lot in the gambling world. Players can play different types of casino games at sites like Ultra Casino Experience the physical casino atmosphere. Besides, online sportsbooks are also becoming popular, accepting hundreds of thousands of bets every day.
However, the gaming industry The land was not immediately acquired. Many bettors did not accept the idea for fear of being cheated. But over time, the number of online gamblers has outnumbered the number of land bettors. In 2019, the market size of the online gambling industry was $58.9 billion. But this value increased to $66.7 billion in 2020 and is expected to reach 92.9% by 2023.
More countries to approve online gambling
According to many market leaders, we can expect more countries to agree gambling online. Many countries and regions still do not have any clear laws regarding online gambling. Some even consider it completely illegal, such as Cambodia, Brunei, United Arab Emirates and Cyprus.
With so many countries recording huge returns from online gambling, it wouldn’t be surprising to see countries that ban online gambling loosen their grip and allow residents to place legal bets.
Virtual casinos are constantly expanding
The Virtual Reality The concept has found its way into the iGaming world, and many experts believe it is here to stay. VR . casinos It offers a more interactive and immersive gaming experience where bettors can lose themselves in virtual worlds when playing with other opponents.
Currently, playing in VR . casinos Very expensive, with virtual reality headsets costing hundreds of dollars. But one thing seems for sure, and more applications of VR technology will see headphones become more affordable. By then, more bettors will be able to buy and play with the headset VR casinos.
This shouldn’t come as a surprise. Blockchain technology is making waves and carving out various sectors, including the online gambling industry. Players are no longer limited to stock-based payment methods. They can now fund their betting accounts at most online casinos and bookmakers using options such as Bitcoin, Ethereum, and Litecoin.
However, not all Online Casino Cryptocurrency is accepted. Experts believe that this will continue to change in the coming years, and more operators will join the bus of those who accept this payment model. In addition, the possibility of Web 3, which will be based on blockchain technology, will also lead to enhanced security in Online Casinos.
best gambling apps
If we are honest, gambling apps are more advanced than they were in the past. Players can now enjoy a more immersive betting experience with these apps, and play their favorites casino games And bet on their favorite sports teams. However, there are still aspects that need improvement. For example, not all games are available to play on casino appsAnd, signing up for some betting apps is tricky.
Market leaders think so betting apps It will improve in the future. Betting operators will implement a modular technology suite to give users complete control to enable and disable features according to their needs. This will result in a more comprehensive mobile gambling experience.
In recent years, smart watches are becoming more and more popular among people. They are used for fitness tracking, messaging, and even gaming. Casino game providers are looking for ways to implement gaming solutions for these wearable devices. For example, Playtech is already designing games to be compatible with Apple Watch.
In the coming years, we can expect developers to improve their games so that they can be played from these wearables. And with the high-resolution graphics of these wearables, it wouldn’t be surprising to see these games become popular among bettors.
We have discussed the possible future of iGaming Market In this comprehensive article. If we can agree on one thing, then gaming industry Keep moving forward with the latest technologies and solutions being introduced every day.
Based on what market leaders think, we can expect more countries to approve and increase acceptance of online gambling Virtual Casinos. Likewise, cryptocurrencies will likely continue to gain a foothold in the industry with more betting sites accepting options such as Bitcoin, Ethereum and Litecoin. And while the current gambling apps cater to the players to some extent, it is likely that we will see further developments in this area to ensure that bettors have the best mobile gambling experience. Overall, the online gambling market is likely to register an exponential growth in market size.