When it comes to the online gambling market, its size is expected to reach over 127 billion US dollars by 2027 with a CAGR of 11.5 percent starting last year.
This shows how big the industry is and how it is set to continue to grow in the next few years.
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| The Trends in the Online Casino Scene that Gamblers Will See More of This 2024: eAskme |
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Last year was quite a year for many industries, including the gambling industry.
Many land casinos and bookies were forced to halt their services to ensure everyone’s safety temporarily. With this, more people sought online gambling services.
True enough, since March of last year, many casino site operators report a spike in their traffic.
As the world continues to deal with a pandemic, 2024 still seems like a year of plentiful indoor activities.
There still are countries that have implemented travel bans and lockdowns.
With this, more people will be staying at home and looking for indoor activities that they can have fun with, like online gaming and gambling.
The Growth of Online Casinos:
Even before the pandemic, the online gambling sector has been steadily growing.
Thanks to technology, it’s now easy for people all over the world to gain access to casinos in India and anywhere else in the world with just a few clicks or taps.
Since these websites are so easy to access, it’s easy to understand why the online gambling sector is getting bigger each year.
Online casinos have been around for quite a while now. It was in the mid-90s when the very first online casino was made available to the public.
Since then, gambling on the internet has come a very long way.
Mobile technology has also given the online gambling sector more edge compared to land casinos.
Smartphones, laptops, and tablets have allowed gamblers to play their favorite games anywhere they are as long as they are connected to the internet.
Many gambling operators are also now shifting their focus towards the mobile market.
This makes a lot of sense because it is now estimated that around 4 billion people own a mobile or smartphone device.
This means that having products available mobile can be offered to that many people.
It also helps that gambling sites are now becoming mobile-friendly.
Many games also don’t require Flash anymore, which makes more casino games available to mobile users.
Aside from that, gambling companies are now releasing their native apps that Android and Apple users can download.
Gambling Trends This Year:
We already know that the online gambling sector will continue to grow this year, but there are trends that gamblers may see more of this year. Here are some of them:Mobile Apps:
It’s already established that mobile gambling is now more preferred by many and gambling companies know that.
This is why there are now plenty of gambling apps that you can download on your mobile device.
Many would instead download gambling apps on their phones because it’s easier to use a mobile browser to log in to a casino or betting site.
This year, gambling companies will remain in competition with each other when it comes to app features.
This year, more apps will be released, and gamblers will enjoy more features.
Cryptocurrency Betting:
2022 has been a great year for cryptocurrency users.
Once again, the value of Bitcoin has peaked, and it is now valued at over 35,000 US dollars.
Bitcoin is making a lot of noise that more people and businesses are now interested in it.
As more people invest in Bitcoin and other cryptos, the more possible customers there are for online gambling sites that accept cryptocurrency transactions.
There are now numerous casinos that accept Bitcoin, and some even only cater to crypto users.
Many predict that the use of cryptos is the future of online transactions, including online gambling.
Virtual Reality:
VR tech has always been closely linked to gaming, and the gambling industry has always been keen to adopt this technology.
VR for gaming became mainly popular in 2016 when VR devices were released by companies like Oculus, HTC, and Lenovo.
Currently, there are already casino games that you can play with VR devices. However, more VR games will be released this year.
Now that many land casinos are still closed, it is also likely that virtual casinos will gain more popularity this year.
Conclusion:
These are just a few trends that we might be seeing more this year.
There could still be more trends that would arise this year, but the bottom line is that 2024 is set to be a good year for the gambling industry despite a pandemic.
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