The global online gambling market is now valued at over $50 billion USD. It is expected to grow bigger in the next seven years with a CAGR of 11.5 percent. The rise of this industry is also thanks to the internet. Because of the internet, more people are choosing to gamble online as it is convenient and online casino games are just really easier to access.
Even people who are used to going to casino establishments are now turning to the online industry. There are many benefits that they enjoy. It doesn’t matter if they want to play Poker, Blackjack, or even the government lottery in India or any parts of the world. The online gambling industry just really has a lot to offer.
Now, even if the online casino industry is already doing great with where it is, it never rests. Online casino operators and software providers are in a constant state of trying to improve and develop their services and the games that they offer to their players.
With that, we can surely say that the future is looking bright for the online casino industry. If you’re wondering what that future will be like, here’s what we are seeing based on the current trends in the industry.
Online gambling has boomed in the past few years because of mobile technology. Mobile devices like smartphones and tablets are now so powerful that you can do almost anything with them. They basically function as a mini-sized computer and with that, you can already access online casino sites wherever you are.
There is an estimate of over 4 billion people who are now using mobile devices and as the future comes, more people will be keen on using mobile devices. The generation that grew up with these mobile devices will be the one who’d replace the old generation and the new generation will simply grow up to be the same.
This is why the online gambling industry is leaning towards mobile gaming. Many online casinos now have their own apps that you can download. Online casino websites are also made mobile-friendly. In the United State, particularly in New Jersey, 80 to 90 percent of its gambling revenues each month are from the mobile sector. This shows how much potential mobile gambling has.
Sports Betting and Casino Gaming in One Place
Back in the day, you have to go to a sportsbook to place your wagers on sports events like the NBA, the English Premier League, the NFL, and many other major sports events. This means that if you happen to be in a casino during that time, you still have to take a walk to be able to place that bet.
Right now, however, online casino operators are now offering both casino games and sports betting odds to their customers. This happens vice-versa too. William Hill, one of the biggest names in the sports betting industry, is now also offering online casino games to its customers.
Virtual and Augmented Reality
And so, technology plays an important role when it comes to where the online casino industry is heading. Do you still remember the old solitaire game that you play with your very first computer? That’s basically the look of old online casino games and surely, we’ve come a long way from that.
Online casino games nowadays are simply visually appealing. The animations are great and sometimes even realistic. However, times are changing and the demands of players are becoming intense.
VR and AR technologies are both in demand when it comes to gaming and the casino sector is no different. Currently, you can already play on online casinos with VR-enabled games. AR can be used in live casino games too.
The use of both technologies are still in the early stage when it comes to casino gaming, but as VR devices are becoming more available to the public, the future will likely be full of casino games that will make you feel like you’re part of the game or you’re in an actual casino establishment.
Digital Wallets and Cryptocurrencies
Going cashless is what many prefer when it comes to transacting online. There still are people who are hesitant about sharing their banking information online to multiple sites, but there are already a few remedies for this.
You can always use digital wallets like Neteller, PayPal, and Skrill when it comes to transacting online. You only need to give them your banking information and moving forward, you can use your account on these platforms to pay for online goods. This avoids the sharing of your banking information to multiple sites.
The same goes for cryptocurrencies like Bitcoin, Litecoin, Ethereum, and many other more. You will only need a wallet address to be able to place a deposit to your gambling account with any of those. This is so convenient that there are even online casinos that only cater to crypto-users.