Over the past two decades, online gambling has been ideally snowballing, mainly owing to the steady rise of both the internet as well as multiple technological advancements. Essentially, the internet is home to innumerable casinos boasting millions of players across the globe.
In 2020, the online gambling industry is expected to hit a massive $60 Billion in worth. And with the internet growing even more impactful, the competition among various casinos is set to grow fiercer with softwares also expected to more innovative than ever before.
Every year is rocked by various monumental technological innovations that inspire new projects and fresh ideas to the market, something expected to continue this year. So, what precisely is to be expected this year when it comes to online gambling, and how is technological progress set to impact the world of gambling this year?
Below is a list of some of the most exciting trends you can expect in 2020
1. Mobile and Social Gambling set to get even better.
Owing to the popularity of the distinct games now available on various social media websites, online casinos ideally went on to quickly include various social features within their games.
In consequence, players can now enjoy interactions with other players through participating in social slots, leader boards, challenges, among much more. Ideally, with new technology being adopted, social features will grow better, and many more casinos are set to use this concept.
Coupled with the significant social media surge, we witnessed the rise of mobile gadgets, and while mobile phones have been around for some time, mobile gambling has only gained popularity in the last few years.
Now, gamblers can effectively play on the go, and go on from where they left off while on their computers, as well as gain access to various casino games previously only accessible on their desktops.
Mobile gadgets are set to be a massive game-changer within the realms of gambling, attracting massive investments going forward. In 2020, over half of the globe’s population will own a smartphone!
Subsequently, numerous online casinos are already developing mobile apps, and we, therefore, should expect to see all other casinos going the mobile-friendly way. Moreover, game developers seem also to be aligning their productions with the same, with many of the new slots being produced being mobile-friendly.
2. More Payment Options
Currently, most of the significant online casinos allow a wide array of payment technologies and methods, and this number is continually growing every day. This is primarily because new techniques come up every year.
This year will not be any different, and we, therefore, expect to witness new payment solutions like Google Pay and Apple Pay also join the available payment options in most casinos.
Nowadays, the number of players opting for cash transactions when depositing grows lesser and lesser. Various methods like cryptocurrencies and e-wallets are increasing in popularity, and numerous online casinos are now accepting crypto-deposits. Multiple casinos are working distinctly with typical blockchain payments and don’t take any other methods.
This year, we expect to witness the growth in the number of typical crypto casinos.
3. New Gambling Rules and Regulations
Online Gambling is quite a profitable and significant industry as the $6 Billion projected figure outlines. However, as ComeOn and other major affiliate marketing brands-who promote various casino websites and brands across the world-outline, it can get even with better laws and regulations in place.
In 2020, we are set to the adoption of several new gambling regulations.
Problem gaming has in recent times, become an emerging concern, particularly in the European Space. Consequently, several countries have introduced various new regulations concerning online gambling, with more nations expected to do the same.
The Netherlands, for instance, is set to open its market to foreign operators after the adoption of new gambling laws at the start of 2020. Ideally, this means that the Netherland gambling market will effectively open in 2021.
Also, the distinct European Organization for Gaming Regulation is also set to adopt changes to its specific money-laundering laws. In essence, this will place online casinos under stringent control and may mandate casinos to get additional licenses.
With respect to players, it may lead to fewer welcome bonuses and promotions, not to mention more explicit conditions and terms that most of the players will gladly welcome.
In the USA, there are changes expected, especially with e-Sports betting and online gambling. In 2020, we should expect to see many more nations that permit online gambling within their borders.
Conclusion
Essentially, in 2020, the online gambling industry is expected to continue its remarkable growth, a year that is turning out to be quite an exciting one for the industry.
While you may notice that several of these trends, as mentioned above, have been around for a while now, they are, however, beginning to garner more attention and popularity within the industry.
Also, they are slowly evolving into entirely different concepts. With technology fast and continually changing, the online gambling industry is sure to have a thrilling year 2020!
Related