The latest developments in the online casino industry
The online gambling industry is on a constant rise ever since its earliest days. In fact, experts agree that in a few years, online gambling will turn out to be an over $90 billion industry. It’s insane to consider just how much online gambling has evolved since it first came out. That being said, in these exciting times, it’s interesting to take a look at some of the latest developments and trends in the online casino industry. So, below you will find all the information you need on the subject at hand.
Make no mistake about it – cryptocurrencies are here to stay. Although they can be extremely volatile and highly controversial, at that, there’s no denying that more and more people begin to use them all around the world. And there are several benefits of using cryptocurrencies as payment options – namely, the increased anonymity and security, the lack of significant transaction fees, etc.
Well, as it turns out, cryptocurrencies have taken a hold in the iGaming market, as well. They have experienced a significant increase in usage and more and more online casinos begin to feature them as payment options. For the sake of reference, some of the most widely used cryptocurrencies are:
and several others. In time, we expect that availability and usage of cryptocurrencies in iGaming circles will expand even further.
2. Smartwatch gambling
There used to be a time when, if you were wearing a watch, then you could see the exact time and, if you were lucky, the current date. Well, as it turns out, modern watches offer so much more than that. One of the premier models of the smartwatch, the Apple Watch, offers a lot in terms of functionality. You can track distance, measure your pulse, and even take calls on your smartwatch.
And also – as one of the latest trends in iGaming would suggest – you could gamble online over your smartwatch. The biggest advantage of using your smartwatch to gamble is its immediate availability. As long as you have internet access, you can always log into your casino account and start playing your favorite gambling games. Of course, controlling your gambling habit becomes all the more important as gambling becomes more and more available by virtue of one of the biggest trends in iGaming as of late – smartwatch gambling.
3. Virtual reality gambling
Up until recently, virtual reality was considered somewhat of a sci-fi invention. Well, as you may be aware, technology gets developed at ever-increasing speed. So, nowadays, virtual reality is… well, reality. And the same can be said about the advent of virtual reality in the world of online gambling.
If there’s one major disadvantage of online gambling as opposed to land-based casino gambling – it’s that it’s just not quite the same experience like the one that you’ll have if you visit a real casino. Well, virtual reality gambling seeks to remedy this problem. You will now be able to play at the comfort of your own home, but you’ll also feel like you’re in a real casino. As such, virtual reality gambling is one of the latest trends and developments in the online casino industry.
4. Social Gambling
Another major advantage of land-based casino gambling (or it could be a disadvantage, depending on how you look at it), is the fact that you can easily socialize with other gamblers. Of course, this too is possible when it comes to online gambling, albeit in a more toned-down way.
Well, as it turns out, people love being social when they are up and about enjoying their hobbies (who would have thought). So, online gambling platforms and casinos have made social gambling an important part of their mission to improve the overall online gambling experience. There are now numerous new ways in which players can interact with one another. And interacting is not just about talking, either. Players can influence each other’s bets and back each other up, making the gambling experience that much more fun and exciting.
5. Online Gambling in the USA
As you may have been aware, online gambling in the United States of America was somewhat of a tabu subject until recently. With the events of the notorious Black Friday, online gambling in the US has been made into all but completely forbidden.
Well, one of the latest trends in the United States of America is that more and more of the constituent states have turned towards making online gambling and sports betting completely legal. This has opened up the way for online casinos to offer their services to US-based customers, something that, at one point, was considered unimaginable. Of course, there is still a long way to go, but we’re confident that online gambling as well as online sports betting have a bright future in the United States of America.
6. Safe Gambling
When we say “safe gambling”, we not focused only on the structural security of online casinos. Of course, it goes without saying that casinos should make it impossible for there to be any security breaches in their platforms. But what we have in mind when it comes to “safe gambling” is the notion that the players should also be safe from their own selves, among other things.
We’ve already mentioned that online gambling has become much more convenient than ever before. So, online casino operators do need to be careful not to make it too easy for players to gamble all the time. After all, gambling addiction is a real problem for many people. So, safer gambling practices and increased regulation in the field is one of the latest developments and trends in the online casino industry.
Enjoying Online Gambling
With all of these trends and developments, it makes it even simpler and easier for players to start gambling. The number of online casinos is growing at an ever-faster rate and new trends and developments are not slowing down, by any means. We hope that you’ll enjoy experiencing the latest developments and trends in the iGaming industry yourself. Have fun!