2020 is a year that will surely make it to history books. The Coronavirus disease (COVID-19) pandemic pushed the world into a recession. It took a blow on many industries, forcing even some of the biggest and oldest establishments to close.
Except for online casinos.
With more people resorting to their devices for entertainment, online betting gets more hardcore. Along with hefty upgrades on technology and user experience, online casinos such as this site are expected to thrive over the next few years.
Here are 10 trends we should expect in 2021 in the world of online casinos:
1. Escalating market growth
We’ve seen a 13.2% increase in market share of online casinos from 2019 to 2020, closing the year at $67.5 billion.
As pandemic experts warn that it will take a few more years for all nations to go back to the “old normal”, online gaming will grow even further. By 2023, the industry is expected to reach $92.9 billion.
There are other reasons the escalating market growth:
● Mobile gambling
Mobile gaming is taking over the market with a 58% potential increase. Today’s mobile phones have better internet connectivity, higher speed and memory capabilities, wider screens, and more features. Online casinos took all these to their advantage by launching mobile-friendly betting games.
Countries like the United States and New Zealand which previously didn’t allow online gambling have recently opened their doors. With citizens having more spending capabilities, the future is even brighter for the online casino industry.
2. Blockchain-based games becoming mainstream
More and more online-based casinos are accepting crypto payments. Some will not even accept other forms of payment in 2021.
Blockchain users will also be delighted because many gambling sites are now offering welcome bonuses to those who use crypto payments.
Additionally, Bitcoin gurus suggest that the blockchain system will resolve trust issues between players and online casinos. Since blockchain will restore all records, players can access their transaction history to confirm that the system paid out all that was due and see if there’s anything unusual.
3. Online casinos to promote responsible gambling
With the rising rates of mental health issues and drug abuse among gamblers, most online casinos will focus on responsible gambling.
In the highly regulated market like the UK and Sweden, online casino operators are required to meet responsible gambling standards. These include setting an age restriction, advertising tools that help users limit their gambling activities or self-exclude themselves from playing altogether, and lowering “welcome” bonuses.
4. AR & VR to change the user experience
Augmented reality and virtual reality made so much impact on the gaming industry.
Casinos utilizing these technologies promise players “complete immersion” in the gameplay, which will take their experience to a whole new level.
Through AR and VR, players can visit a casino, play a slot machine and other traditional games, and even interact with other users real-time.
5. Esport niche on a rapid rise
Before the legalization of sports betting, only 17 states in the US allowed it. Today, Esports will become a huge part of online gambling. In 2020, Esports boomed tremendously. The trend will not wane anytime soon, as sportsbooks luring gamblers with bigger bonuses.
6. Bigger, better deals from operators
As online casinos take the world by storm, the competition between operators has also become sky-high.
These forced many casinos to offer bigger incentives to attract new players.
Many operators are now offering “no deposit” casino bonuses, which means players can start betting even without depositing money to their accounts.
7. Spike in live dealer games
Players are looking for more, better ways to enjoy the game. Live casinos made it possible for players to experience what gambling in most luxurious casinos look like… at the comfort of their homes.
Gamers can interact with live dealers in online blackjack and roulette, and participate in the game through a video.
All these new features make online gambling so “real”.
8. New games and upgrades
Games like blackjack and poker are staples in any casino. But it takes special skills to ace them. Good news for new players – online casinos are offering challenging games that are easier to learn.
Additionally, traditional games like the slot machine will go through upgrades. With more operators targeting younger, more techie users, more and more casinos are releasing games with features similar to those in mobile games and gaming consoles.
The year 2021 may still be a struggling year for many industries. But not for online casinos. This (and the next few years) is so far the golden age for the online gambling world.