Based on research, it has been found that the online gaming industry’s average revenue for 2020 is $66 billion. Additionally, it has also been predicted that the industry’s valuation will reach nearly $90 billion by the end of 2024. However, the gambling industry will have to step up its game and cater to the latest trends if it wants to reach this valuation.
In this article, we will talk about some of the newest trends that we can currently see in the online gambling industry.
What Are Some Latest Trends In The Online Gambling Industry?
Some of the latest trends you can expect from the online gambling industry include:
1. Using Cryptocurrency
As the world of cryptocurrency grows popular, this type of new currency is finding its way into the online gambling industry as well. Today, these casinos understand and recognize the anonymity that is associated with cryptocurrency.
There are many advantages of using cryptocurrency as a form of payment in online casinos. They are more affordable and convenient. Additionally, the transaction is also faster. Thanks to the volatility of the currency, customers have more chances of getting more profit, which is why crypto is slowly becoming a more appealing option.
2. Infusion Of Artificial Intelligence
There is no doubt that artificial intelligence is being used across various types of industries and sectors. In fact, it has been claimed that AI will soon become a driving force behind all technologies in the future. While this feature is still not widely used in online casinos, the industry is still looking for ways to incorporate this technology in their casinos. Only a handful of casinos make use of AI, like Zodiac Casino.
Based on research, it has been found that artificial intelligence can smartly collect data. As a result, the casinos will be able to provide exactly what the customers are looking for. AI is always better than the human brain because it can predict trends and patterns more accurately. This way, the casino will be able to offer a better and more personalized gambling experience to its customers.
3. More Live Dealer Games
Since its inception, online casinos have always been about providing a better gaming experience. At first, it was the comfort of playing casino games from your own home. Today, however, people are looking for something more – the chance to play live dealer games from their homes.
Live dealer games are amazing; they provide a gripping gaming experience where live dealers will deal the cards via live HD video streaming and you play against other gamblers. Today, these live dealer games have extended to many types of casino games like roulette, baccarat, etc. For example, Zodiac Casino is known to offer a wide range of live dealer games.
4. Integration Of Virtual Reality
Similar to artificial intelligence, virtual reality is on the rise. As various markets have started implementing virtual reality in their products, online casinos are not too far behind. With the help of VR headsets, you can now feel like you are sitting in a real-life casino.
Additionally, the pandemic has only helped accelerate the development of this technology. With so many people sitting at home, even land-based casino enthusiasts have started using VR to feel as close as a real-life casino.
5. The Culture of Promotions And Bonuses
As we already know, online casinos are primarily known for offering incentives to their customers like bonuses and promotions. They are provided to attract new customers and retain the old ones.
Most casinos today offer a wide range of bonuses to their customers. Among these, the welcome bonus and the no-deposit bonus are considered the most popular. Casinos have started offering these promotions and bonuses because people will never visit an online casino that does not offer any type of incentive.
In the past many years, online casinos have been through some major transformations. While the business and the gambling operations of online casinos remain the same, the inclusion of the latest technology will only ensure that online gambling platforms will remain relevant for a long time.