Rapid developments in technology have led the online gambling industry to continue offering improved experiences for online gamblers. Experts in the industry have shared their views about what trends we can expect in the online casino market in 2021, from the use of virtual reality and blockchain technology to improve every stage of interaction between the iGaming producers and the end-user. All this is expected to lead revenue from the global online gambling industry in 2021 to reach an estimated USD1 trillion.
Increase in mobile gaming
The ease of accessibility and convenience to play at any time, where you are, will see the number of players on mobile devices rise to an estimated 59 per cent in 2021, up from 50 per cent in 2019. Safety of personal information and security of finances will be a high priority for new accounts, with review sites providing detailed information such as can be found at this slotocash review. In this way, punters can find sites that are safe and easy to use, as well as which companies offer the best bonuses.
As smartphones have substituted personal computers for entertainment almost completely, the increase in the number of people accessing online casinos from smartphones and tablets is expected to continue in 2021. Game studios will continue to focus on products perfectly optimised for smartphones and operators are expected to launch more free-to-play mobile gaming apps to attract players to real-money gaming and boost mobile gaming revenue significantly.
Virtual Reality (VR) online casinos
Virtual reality (VR) is already making some aspects of an online casino feel as if the player is at a brick-and-mortar casino. VR gaming developers will add a growing number of VR elements to gaming products so they become even more immersive, convenient, and atmospheric. The forecast is that online casino players will invest in VR devices instead of travelling to brick-and-mortar casinos. Some in the industry predict that VR gaming could generate revenues of USD250 billion in 2021 with the number growing up to 2025.
In the shorter term, online live dealer games have become a substitute for gambling in land-based casinos since 2020 and are set to evolve and gain popularity in 2021. Also, the implementation of artificial intelligence (AI) will improve the gaming experience by analysing player behaviour and adapting the product to suit the user.
Cryptocurrency based casinos
Launched in 2009, Bitcoin is now an established cryptocurrency and has led to the development of several other currencies like Ethereum, Litecoin, Dogecoin and others. The number of people who understand the benefits of cryptocurrencies, particularly anonymity and increased security of payment with no charges by financial institutions, is on the rise and whilst cryptocurrency casinos exist, many more online casinos will introduce cryptocurrencies as payment options in the future and over time, the use of cryptocurrency exchanges may soon become as common as banks.
Whilst cryptocurrencies are becoming more popular, online casinos are adapting other payment methods by adding security features like voice control, digital codes and smart payments. An increased level of security and improved speed of transactions will also make online gambling more attractive to potential users in 2021.
Access in restricted regions
The implementation of cryptocurrencies and blockchain technology more broadly in 2021 will allow players from areas where land-based gambling is banned to access to online casinos on their devices.
eSports betting industry
The 2020 pandemic disrupted the global sports industry, leaving millions of sports fans looking for alternative forms of entertainment. Most turned to eSports, which had been showing steady growth prior to lockdown orders, which gave the industry a huge boost and current market research suggests these fans will continue to follow eSports teams and watch eSports into 2021 and beyond.
Sports betting has slowly been integrated on online casino sites, and this is expected to pick up pace in 2021. It is not just traditional sports that will be open for betting. Whilst horse racing and soccer are likely to remain the most popular sports bets, professional tournaments for titles like League of Legends, CS:GO, Dota 2 and Rocket League are gradually becoming major events. The efficient online payment methods offered by online casinos are expected to encourage punters to place their sports bets online rather than physical outlets.
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