According to several gambling analysts, the Online Gambling Industry is Evolving at a Rapid Pace. Furthermore, it is probably one of the few markets that will survive the COVID-19 pandemic with the least damage. This is because according to the latest gambling reports, they are currently seeing a massive growth around the world.
In addition, the online casino industry is currently outperforming the physical casino industry. Part of the reasons for this phenomenon is because of the increase in online banking methods available. Furthermore, thanks to Bookie Pay Per Head technological advancements, operators are now able to easily open an online casino website.
Since the inception of online gambling a few decades ago, the gambling industry has undergone many changes. Gambling operators who have gone to gambling conventions know that this year will bring many new changes to the industry. In fact, the online gambling market will be growing at a CAGR of 11.5% from 2020 to 2027!
Online Gambling Industry is Evolving because of these Changes
Cryptocurrency – Without internet banking methods there is not internet gambling which is why the rise in Cryptocurrencies is a huge factor. In fact, most online sportsbooks and casinos accept Bitcoin and other cryptocurrencies as one of their main banking methods.
This is because of the many advantages of using such online currency which include complete anonymity and safety. Using cryptocurrencies makes players feel safe as they do not need to add any personal or banking information. Furthermore, transaction fees are small or non-existent in comparison to other banking methods.
The New Generation of Gamblers – Today’s generation is all about being on the internet and using various mobile tools. Thus, mobile technology is a way of life with younger gamblers and are leaving physical gambling for old folks.
The Evolution of Live Casinos – Today, no online casino is complete unless they have some a Live Casino available on their gambling software and platform. Thanks to faster internet and more powerful computers, a Live Dealer Casino has made online gambling even more popular.
Virtual and Augmented Reality Casinos – This is a technology that the Gambling industry has been working on for a long time. A few of the bigger casino providers have been offering virtual gambling words that please the new generation. As VR and AR become more mainstream, so will their gambling counterpart increase in popularity.