Trends in online casino industry: NEW
The online casino industry has witnessed many transformations due to technological advancements and most recently the 2020 pandemic that shifted more people online for entertainment than ever before.
Cryptocurrencies are not new, but more online casinos are expected to embrace the currency since it offers anonymity as well as security around personal and financial information. Nevertheless, traditional payments will remain an option for those who are a little hesitant about cryptocurrencies.
Depositing and withdrawing through cryptocurrency is at present the safest way of payments. Players don’t have to be afraid of the safety of their banking information or debit/credit card details when they pay through blockchain.
Thanks to the anonymity offered by cryptocurrencies, since no personal information is linked to it, players from across the world can play online casino games where gambling is restricted and outlawed because their cryptocurrency account cannot be traced to them. There will be a growing demand for online casino sites that accept Bitcoin and other digital currencies, with online casinos actively offering promotions in these regions where the markets are ripe for expansion.
Mobile devices are increasingly being used for gaming and online casinos have been quick to offer free-to-play games to new customers. Customers can upgrade a favourite game to access particular features or other products that can improve their gaming experience. Online casino operators are focused on leveraging free to play players to potential customers to boost revenue.
Online casinos that offer live dealers are winning many new customers. With customers able to enjoy gaming from the comfort of their own home, engaging with a live dealer with whom they can communicate has attracted people who may not have visited a casino before. In the same way that brick-and-mortar casinos use dynamic and engaging dealers to tempt players to play for longer, the same charm and quick wit of a dealer have engaged players online.
Mobile gambling has brought casino games closer to consumers than ever. In developed countries, practically everybody owns a smartphone and it is usually just an arm’s reach away. Fast wifi speeds and 4G (and soon 5G) unlimited data packages are the norms in most households and online casinos offer their free apps or mobile optimized websites.
The main advantage of playing on mobile devices is that playing can be done anytime anywhere. Gamblers don’t need to buy expensive computer equipment anymore or spend time starting up the computer. Quick games, like video slots, can be played while sitting on the bus or even while watching TV.
The recent years have seen a lot of changes in gambling legislation. Many countries have become less strict and allowed gambling operations in their countries. Gambling revenue can bring significant tax income to countries and legalization of gambling can make it safer and more regulated.
Gambling is becoming more and more popular every year. In 2020, the biggest influencer was the coronavirus pandemic’s lockdown measures but technological improvements and changing legislations are also helping the growth of gambling online.
Responsible Gambling
Educate yourself about problem gambling!
The aim is to enable people to make informed decisions about their participation in gambling and, if harm has occurred, to provide access to gambling help services.
Gambling should be a part of your social life without dominating it. Responsible gambling is about making it a positive and enjoyable experience.
Gambling is not the answer to any problem