What’s Going On in the Online Casino Industry?

Since online casinos have been introduced, there has been a steady growth within the industry. Over the years, hundreds of online casinos have been launched, attracting millions of loyal customers. In light of the recent COVID-19 outbreak, these sites have experienced even more growth, with some sites reporting an increase in revenue of up to 20%.

Online casino industry - 994949
Image created by Market Business News.

The online casino industry is always evolving and with new technology, more players are drawn to the sites and engage in real money play. This industry is in a great growth spurt in the current time of 2020 and it is expected to continue for the remainder of the year. This may be largely due to the fact that land casinos have shuttered due to the pandemic. However, casinos are confident that many new members will remain loyal to online sites even when land venues re-open.

Future Growth Ahead

To ensure steady growth, online casinos are always looking for ways to enhance the gaming experience. Many things are taken into consideration, from offering new games from the best software providers to enhancing mobile platforms. The global market is expected to continue with steady growth over the next few years. There has already been a growth rate of 13.2% from 2019 to 2020. The market is expected to grow an additional 11.64% by 2023.

The online gambling market includes all revenue generated by any form of remote gambling. This includes sports betting, casino gaming, bingo play, online lotteries, poker games, and mobile gaming. As new sites emerge in 2020, many are incorporating multiple ways to gamble in a single platform. This not only provides users with more options, but also increases overall revenue, leading to more growth in the industry.

New Sites and New Games

As the gaming industry continues to enjoy growth and success, you can expect new sites to enter the market. There are always new online casinos that are emerging and these can provide some great opportunities to play and win. With new casinos, will also come new games. The leading software developers in the industry are working to create new titles all the time. You will find that leading casino sites will offer new game releases monthly, always offering you something new and exciting to enjoy.

New casino sites can be expected all over the world, with many new sites already opening in 2020. In Canada and other countries, there are hundreds of options when it comes to playing online. The best new sites will be fully licensed and regulated and will also present you with a huge portfolio of games. Watch for the newest releases from your favorite providers and be sure to take advantage of any special bonuses that new casino sites may be offering.

The online gaming industry has grown drastically over the past few years and this growth is not expected to cease. Later in 2020 and well into 2021, you will continue to see the launch of new sites, all offering great games, rewarding player perks, and a safe way to enjoy your favorite games from the comforts of home. We want to keep you informed of the latest casino news, so be sure to check in to learn of the newest site launches and the newest game releases.

Enhanced Technology for iGaming

Technology is always changing and online casinos incorporate this into their site design and the services that are offered. As the industry continues to enjoy tremendous growth, you can expect some innovative technology to be used by the best sites operating online. Below, we take a look at a few of these that you will see starting to become major components of online gambling sites.

Virtual Reality

Virtual reality technology can completely change how games are played online. It offers an interactive experience that is just as realistic as visiting a land venue. With the use of headsets and other equipment, you are immersed in a casino environment where you can see and hear the realism and interact with others. VR is a game-changer and is already being introduced to many online casinos to present the most realistic experience possible.

Cryptocurrencies

As the online gambling sector continues to grow and expand, you can expect more sites to support the use of cryptocurrency payment methods. This allows players to play at any site online using popular currencies like Bitcoin and Ethereum. Using these payment options ensures player privacy and allows them to remain completely anonymous as they engage in real money play. Using blockchain technology, cryptocurrencies offer the use of digital money and is completely decentralized.

Live Dealer Gaming

Live dealer games are already popular with players who like card and table games. You can expect more games to be developed by leading providers like Evolution Gaming and NetEnt. You will also find new providers entering the industry, expanding the portfolio of live gaming options and offering you the chance to engage with live dealers on PCs and mobile devices


Interesting related article: “What are Games of Chance?