Forecasting New Developments and the Latest Trends in Online Gambling

Written by:
Payton
Published on:
Feb/21/2023

The online casino industry is only set to grow in size as people all around the globe are starting to become interested in earning large payouts for small wagers.

The rise of the popularity of cryptocurrency, eSports, and other tech advancements are all positively impacting the growth of this still pretty young market. Here are some trends we expect to see develop this year in the online gambling sector and how you can use them to your advantage. 

Online casinos are just getting popular 

Internet gambling has the potential to develop at a rapid rate. Unfortunately, certain online casinos sometimes teeter on the edge of the law, and their rapid expansion draws the scrutiny of unfavorable authorities and unsatisfied customers.

As online casinos rise in popularity, there’s a certain need to regulate them to both satisfy the governing bodies hungry for taxes and also to increase the safety of the customers.

Certain forms of cheating and advantage play are more difficult to pull off in online gambling than in its land-based counterpart. While playing online, card shuffling and even slot spins rely on the random number generator technology which is more or less flawless. Therefore, the customers can’t count cards or jam the slot machine in the hopes of a big payout.

As a result of having lower operating costs, internet casinos are able to provide more generous payouts and welcome incentives to new customers. Great online casino review sites are also very quick to review them, as you can see at https://www.casinotrollet.com/nye-casino/ . 

There’s an endless list of new online casinos which all offer seemingly unreal bonuses. We’d be quick to bet that no brick-and-mortar casino has offers like these.

Furthermore, the relatively inexpensive price of software allows for quick expansion of gaming to other types of bets. Bettors using gambling websites may not only wager on the traditional casino and sporting events, but also on the outcomes of reality TV programs, and even award shows like the Oscars or the Grammies. Online casinos that are able to adapt to the ever-changing entertainment landscape have the edge over their competitors. 

eSports Betting is an industry of its own 

Betting opportunities on eSports contests are expanding in tandem with the industry's overall growth. Several websites now provide opportunities to wager on eSports events, each with its own set of advantages.

Betting on the results of individual games dominates the eSports betting market. There are now hundreds of betting options, from picking the winner to wagering on the combined score of both teams.

The e-sports industry is poised for rapid expansion, as its rapidly expanding audience shows no signs of slowing down. Bettors participating in esports may choose from a wide variety of games, including popular titles like War of Warcraft and even Fortnite.

Several major online casinos include eSports betting in their offer, right next to their more traditional sportsbook. Who knows, maybe esports betting may be your next favorite hobby! 

Crypto as the new and advanced payment solution 

Bitcoin, Ethereum, and Litecoin are all examples of cryptocurrencies with the potential to work alongside or perhaps even replace traditional fiat currencies such as the Euro or Dollar. 

Cryptocurrencies were created with the promise of providing users with a means of remaining anonymous online by making it impossible, or at least extremely difficult, to track their transactions. 

Although this is a positive move for privacy, can have a negative impact on the online gambling industry. Online casinos and sportsbooks have "know your customer" (KYC) duties, which compel companies to gather certain consumer information for the sake of customer safety and the prevention of illegal activity. This mandate conflicts with the anonymity that digital currencies provide.

However, while cryptocurrency use is on the rise, it has yet to enter the mainstream. The current market conditions make it unfeasible for gambling applications to accept Bitcoin deposits and withdrawals. As a result, the anonymity problem inherent to cryptocurrency is something that casino operators can handle.

Having said that, there are many online gambling platforms that accept crypto, as well as fiat payments, and some which only operate with crypto. Crypto-only online casinos are rarely regulated by outside parties like the Malta Gaming Authority or the Government of Curacao, but you can certainly find some with their stamp of approval. Moreover, some online casino licenses such as the UK Gambling Commission straight up forbid cryptocurrency use.  

VR and AR Casino Experience 

Playing casino games in VR is a growing trend. The use of augmented reality (AR) to place in-game props in the player's actual environment is also gaining traction.

Both virtual reality and augmented reality have the potential to provide a really unique gaming experience. Technological advancements may put the player in the middle of the action, increasing the likelihood that they will have a positive gaming experience.

Using virtual or augmented reality in gambling establishments has several advantages. One advantage is that they may be utilized to make casinos more exciting and interesting than ever before.

Second, they're a great promotional tool for getting people interested in trying out your casino for the first time. Lastly, virtual and augmented reality may help casinos learn more about player behavior by monitoring their behaviors in real-time.

The most successful online casino software studios are exploring the introduction of such games. Industry giants like Microgaming and NetEnt are beginning to take precautions to safeguard their clients by enhancing the security of their online platforms and using artificial intelligence (AI) enhancements. 

Highlighting Responsible Gambling 

In order to make gaming more secure, new laws are constantly being passed and implemented. The gambling industry is becoming more proactive in incorporating safer gaming into all phases of product creation, rather than waiting for new legislation to be revealed and retrofitting items appropriately.

Safety in gaming in this day and age requires more than just checking all the boxes and stating you agree with the terms and conditions. Operators who care about their customers should always provide a full list of responsible gambling tools.

Pop-up windows that alert users when they've been playing for too long are already available at many online casinos, and some casinos even urge players to restrict their losses. Self-exclusion and programs such as GAMSTOP are also great ways to handle problem gambling if all else fails.

- Payton O'Brien, Gambling911.com

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