How the Online Casino Market Is Growing in 2021
In 2020 the global online gambling market was estimated to be a colossal $67+ billion USD. The demand to play has increased, and the growth has been incredible.
The internet and the ease of online payments have opened up the online casino world to millions of eager players. You can play your favorite games like bingo, slots, poker, blackjack, and roulette in a matter of minutes. With such a rapid spike in 2019 and 2020, the predicted growth for 2021 and beyond is over 11%.
Factors That Make Online Casinos So Popular
Technology is responsible for the growth of the medical industry, digital market, finance, and the casino market too. More people have access to the internet using their mobile phones, and that ease of use travels with them. The casino industry has adapted and utilized every technological advancement possible. Creating some of the most innovative games using new graphics technology.
Developing mobile phone applications that are dedicated to playing at their favorite casino. The shift towards online platforms has been fast. Players have adopted playing online as the norm. Even the audio has benefitted from the new tech and allows for a more immersive gaming experience. Two technologies, in particular, that are currently being tested, and we are likely to see used more heavily, are AR and VR casino games. With a VR headset, players can feel like they are at the table, but from the comfort of their own homes.
The increased safety of online casino platforms has given players confidence in their game time. The rules and regulations that online casinos need to adhere to protect the patrons. Over 60 countries have all agreed that it is essential to have online gambling activities regulated. This prevents shark casino websites or fraudulent websites from being able to function. Some of the regulations cover things like tax revenue generation and consumer protection.
Being required to provide ID or have an entry question for the websites ensures that minors cannot enter the website. Players can set their limits to help protect themselves from overspending or spending too much time on their favourite games. Some casino platforms will have automated rules that allow people to play by imposing a cooldown period. Regulating bodies keep the providers legal and protect the players at the same time. Encryption and secure payment portals also keep the player’s details safe. They are allowing gamers to add money to their account and not worry about fraud or theft.
Online casinos are able to offer unbeatable deals to new sign-ups and regular customers alike. Here are some of the biggest deals you are likely to find offered on some of the best online casinos.
The casino deposit can be one of the biggest ones. Companies are offering as much as 200% of a deposit match to new sign-ups. Of course, you will need to read the requirements and deposit the amount required to meet the qualifications. Each online casino will have its own list of rules, so be sure to read them all.
No Deposit Bonus
No deposit bonuses are great; the wagering can be quite high, though, so it’s always worth reading the terms and conditions. In the end, this can be viewed as free cash. Make the most of this type of reward by coupling it up with free spins when you can.
Online slots are one of the most popular online casino games. They are fuss-free and easy and take no time at all to learn. Free spins are always good fun, they might only be worth a low payout, but a win is a win.
Those players who remain loyal to the same platform or at least deposit regularly can grab many loyalty bonuses.Access to bigger and better prizes and exclusive play rooms are just some of the things players can enjoy.All of these bonuses have enticed new players to sign up and encourage loyalty from those who do. One of the critical factors of growth is that online casinos can give back to their players in a way that land-based casinos can’t.
Predictions for the Online Casino Market 2021
Mobile casino playing is currently a staggering 57% of the market, which is likely to increase. More casinos are investing time and money in creating the most advanced and player-friendly mobile applications. Mobile phones have better screens, sound, connectivity, and speed, which is aiding in the speed of mobile player adoption. More countries are allowing online gambling is happening, like the United States or New Zealand.
When it’s legal, more players will start playing. However, the United States and some other countries have complicated the rules from state to state. With all the buzz about blockchain, we should expect to see a rise in online casinos accepting cryptocurrency as a payment. Combining the usage of crypto payment acceptance and bonuses for those who do use crypto could be an interesting trend in 2021.
A combination of live dealers and online play could be the next big trend. This could allow players to communicate with the dealers and experience playing in the comfort of their own home – but feel like they’re in a casino. These features could make online casino games feel even more real. Traditional games might get an upgrade in line with some of the technology that game developers now have access to. And, we may also see a rise in the usage of AI within the gambling environment.