With everything that’s happened around the world in 2020, certain trends will likely shape our lives as we know it. From industries adapting to telecommuting and social distancing being the new norm, a lot has changed since COVID-19 struck.
As far as online casinos are concerned, certain trends will impact the industry in 2021 more than they did previously. Here are the five most notable trends that will likely alter the course of the iGaming industry in the near future.
Mobile Gambling
Even though online gambling isn’t new, a larger portion of the population will likely experiment with iGaming following the pandemic. An estimated 50% of gamblers switched to online gaming at the onset of the pandemic in 2019. Those figures have likely increased significantly over the past twelve months. And with lockdowns forcing people to stay indoors, a significant portion of casino regulars have realized that online gaming is a lot safer and convenient.
Competition
The online gambling industry is booming right now and it’s fairly easy to set up a gambling platform with white label solutions. With new online casinos cropping up almost daily, competition is brewing in the global iGaming market. Existing platforms will likely witness a strong influx of new contenders in 2021, but with so many new websites to choose from, losing your way and falling prey to a less-than-reputable platform becomes easy. Taking time out to compare online casinos was never more important.
VR Gambling
Virtual Reality has shaped the iGaming industry tremendously over the past few years. What was once a thing of sci-fi movies is now accessible to the masses. Naturally, online casinos look to utilize the technology to entice clientele. With COVID-19 forcing people to practice social distancing, gambling at physical casinos has taken a hit. VR has stepped in to fill the void to a certain extent. However, adaptation is still in its nascent stages and we’ll likely see a greater push in the coming months.
eSports Betting
While sports betting has traditionally been popular with the masses, an increasing number of online casinos are slowly integrating it into their ecosystem. This is due to the numerous laws barring traditional casinos from accepting sports wagers. However, with major sports league games cancelled during the pandemic, the iGaming market is quickly expanding as more people are invested in professional tournaments. And since online casinos are about making money, it makes sense for them to diversify their portfolio.
Cryptocurrency
While cryptocurrencies aren’t new to online casinos, 2021 has witnessed renewed vigor. While it has taken a few entities a fair amount of time to adapt to change, crypto transactions are generally seen as convenient and secure. Since blockchain payments have stuck around for a while now, there are fewer reasons to avoid them. Certain casinos even offer additional bonuses to players opting for crypto transactions.
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