The online gambling industry is experiencing significant growth, projected to reach a revenue of $153 billion by 2028. This is particularly impressive considering that it has only been a decade since the industry first emerged. Online gambling is a rapidly changing field, making it challenging to stay informed of the latest trends. In this guide, we have compiled all the information you need to understand the industry as a whole and the 5 trends set to shape the industry in 2023.
1. Cryptocurrency
Cryptocurrency casinos are growing in popularity as players search for new forms of online gambling. These casinos allow players to use virtual currencies such as bitcoin and Ethereum to place bets. The appeal of cryptocurrency casinos is likely attributed to two factors: first, they offer a distinct experience compared to traditional online casinos, and second, they tend to be more secure as all transactions are done through blockchain technology.
2. Smartwatch-based Gambling Apps
Smartwatches are becoming increasingly popular as users desire to stay connected at all times. These devices provide an innovative opportunity for online casinos to tap into. Smartwatches are widely used today, leading to more people being aware of their benefits. The growing number of users creates an ideal environment for casinos to capitalize on this trend. Some pioneering online gaming platforms have developed smartwatch applications to leverage the increasing prevalence of technologically advanced wrist-wear.
3. VR / AR Casino Experiences
Virtual reality (VR) and augmented reality (AR) have become popular ways for casino players to experience their favorite games. Both technologies offer an immersive gaming experience that is unrivaled by traditional casino games. VR and AR can transport players into the game, immersing them in the action and increasing their enjoyment.
There are many advantages to using VR or AR in casinos. Firstly, they can create unique and immersive casino experiences that are not possible with traditional casino games. Secondly, they can be used as marketing tools to attract new players and encourage them to try out the casino. Lastly, VR and AR can help casinos better understand player behavior by tracking player movements and interactions in real-time.
4. ESports Betting
As the popularity of eSports continues to rise, so does the opportunity for betting on matches. There are now a variety of online portals that offer betting options for eSports matches, each with their own unique offerings that make them worth considering for those interested in getting involved in this rapidly expanding market.
Match outcomes are currently the most popular form of eSports betting, with a wide range of markets available, including predicting the winner of a game or the total points scored by each team.
The e-sports market is expected to continue growing and is already a captivating and significant market. Esports betting allows players to place bets on a variety of games such as League of Legends.
5. Improved Visual Experience
Online casinos are continually improving their user experience year after year. Leading developers and providers are pushing the boundaries to make them as modern and cutting-edge as possible. Online users are looking for new and exciting experiences in the virtual world, and modern online casinos aim to provide them with a realistic and immersive experience. This can be achieved by introducing virtual tables and live dealers that are seamlessly integrated into the virtual environment.
The online casino industry is undergoing changes in 2023, bringing about positive developments. If you’re interested to step into iGaming industry, you may wish to consult a reputable and large-scale industry player like GamingSoft, which leads the Asian gaming industry. Our huge professional team can tailor your betting platform according to your needs.
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