Online casinos were introduced to the gambling community in the mid-90s. The high-speed Internet access resulted in the exponential growth of the remote gambling industry. Nowadays, almost every household has a computer connected to the Internet. This shows that the advent of technology propels the prosperity of the online gambling industry.
The adoption of modern touchscreen devices such as smartphones and tablets also plays an important role in the iGaming industry’s continuous growth. As for now, almost everyone uses a smartphone to keep in touch with friends. But modern portable gadgets have many different functions, and going online is one of them. Many people started to use their hand-held devices to visit online casinos and enjoy their favorite pastime anywhere and anytime. The demand for mobile casinos has increased due to their convenience. In addition to that, remote casinos are easy to access.
At the moment of writing this article, there are approximately 3,000 gambling sites, and more are springing up every day. Industry experts predict that the global gambling market’s size will reach over $127 billion by 2027. The stiff competition between remote gambling operators forces them to introduce lucrative bonuses in order to remain in the business.
Every year, new trends emerge on the surface to dictate the evolution of the online gambling industry. All readers who are interested in the leading trends on the UK gambling market should be informed that Casino Guardian offers an extensive report on the matter. In this article, we will discuss the online gambling trends we can expect in 2021 on a global scale.
Mobile Gaming Takes the Upper Hand
It seems that online gambling is gaining traction. Trends in the UK gambling industry show that a growing number of people place bets at online casinos. Mobile gambling is certainly not a new concept, but experts project that this type of entertainment will rise in popularity even more in 2021. Figures show that around half of the people who play at online casinos use their touchscreen devices. Analysts forecast a mobile gambling growth of 19% by the end of the year. Mobile gaming is expected to reach 55% of the total GGR in Europe.
This sounds quite plausible as mobile casinos are easy to access, and players can indulge themselves in a fruitful gambling experience wherever they go. On top of that, some web-based casinos offer exclusive promotions to their mobile users. To improve accessibility, a large number of gambling sites offer both in-browser and native apps. Mobile players can benefit from all services and promotions that are available to desktop users.
The Increased Popularity of eSports Betting
eSports is a relatively new term that refers to competitive video gaming. Professional teams are pitting their wits against each other in tournaments that take place in different parts of the world. Casino fans who enthuse over video games have the opportunity to place bets on the team they expect to win in a given tournament. Betting on eSports keeps on gaining traction, and experts believe that this tendency will continue in 2021. The main reason for its popularity is the wide assortment of fun-filled e-Sports. Many online casinos are adding eSports betting to their portfolios, but a lot more are expected to do so this year.
Virtual Reality is Looming
Virtual Reality (VR) gaming is no longer a fantasy. A large number of online casino fans prefer an authentic casino experience. To please their players’ preferences, many remote gambling operators are to embrace this technology in 2021. Even though it is a relatively new industry, the Virtual Reality market has captivated the hearts of many casino fans around the world.
Based on figures presented by statista.com, VR gaming is expected to generate a revenue of up to $1.4 billion by the end of 2021. The figures further reveal that this tendency is to dominate the market in the coming years, and the revenue from VR gaming is to grow up to $2.4 billion by the end of 2024.
New Crypto Casinos to Dominate the Market
In recent years, digital currencies are exploding in popularity. Many virtual casinos accept payments in digital currencies such as Bitcoin, Ethereum, Litecoin, and others. One of the most notable advantages of paying with a digital currency at an online casino is the enhanced anonymity.
Digital currencies eliminate the need for a third party to process the payment. Players do not need to use their credit/debit cards to deposit or withdraw funds. Since there is no bank mediating the payment, there is no fee for the transaction. What is more, payments in digital currencies are carried out instantly. Experts predict that a growing number of virtual casinos are to provide their players with the opportunity to execute payments in digital currencies.