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Forecasts for the Online Casino Industry in the Near Future

Forecasts for the Online Casino Industry in the Near Future

The evolution of the casino industry over the last few decades has been incredible. We have made a shift from gambling with cards and plastic chips to gambling on our smartphones. In recent years, it has become quite clear that online gambling is the future of the casino industry.

Perhaps, the biggest of this was how gambling changed during the 2020 pandemic. Since people were unable to visit land-based casinos, they gradually had to shift their attention to the top casino online Canada. Both casino operators and gamblers were able to see the potential of online gambling during this period.

In this article, we will be looking at the trends that you should expect to see in the industry soon.

Complete takeover of the casino industry

Judging by the amount of revenue accrued by online casinos over the last two years, the industry has been growing exponentially. Millions of players have signed up on gambling websites recently and you can expect even more players to join in the near future. Hence, online casinos will eventually replace brick-and-mortar casinos as the main gambling platform.

Legalization and taxation

Online gambling is frowned upon in several countries around the world. While some countries like Russia have banned it outrightly, other countries like New Zealand regulate it in a very strict manner. As a result, online punters only get to play the best casino games by signing up on offshore gambling websites.

However, several experts expect more countries to legalize online gambling in the coming years. This is because the online gambling industry is worth billions of dollars and is projected to become even more lucrative in the coming years. The legalization of gambling will help countries earn more money through taxation.

No deposit bonus casinos

Gambling websites have always rewarded their new customers with mouth-watering bonuses. However, these bonuses were only awarded after the new players made their first deposits. Online casinos have recently introduced a new welcome bonus called the no deposit bonus. You are not required to make your first deposit to claim this bonus.

All you have to do is sign up. You will then be rewarded with a sum for gambling. Once the wagering requirements are met, you will be able to withdraw your bonus. We expect more gambling websites to start offering no deposit bonuses soon.

Inclusivity

People around the world have become more aware of the things happening around them. So, they now want more than the same homogenous games. Players want online casinos to diversify their portfolio with games that anybody can play. For example, there should be casino games for gamblers that are blind or visually impaired.

Additionally, an increasing number of female players are getting interested in casino games. Up to 40% of online punters today are women according to recent reports. As a result, the developers of casino games are looking to enhance inclusivity by introducing more female-oriented slot games and keno.

Advanced live dealer games

Live dealer games have become the most popular choice for online gamblers in the last couple of years. This hasn’t been a surprise because they offer gamblers an experience like no other. Instead of playing against computers, players get to participate in live gambling events that are streamed from studios in real casinos or studios. The dealers are real people and top professionals. The players interact with one another and the dealer.

We expect live dealer games to become more advanced in the coming years. More advanced equipment will be used in streaming the events and the developers will look for ways to make the games more interactive and enjoyable. Additionally, the number of possible participants can be increased, and the types of live games that are available should be more diverse.

Broader in-play betting

Sports betting is one of the most popular forms of online gambling in the world. One of the best things about online sports betting is that it allows you to bet on live events. For example, you can place a bet on who will win a football match 60 minutes into the match. We expect live betting or in-play betting to be introduced to more events such as dog shows and car races.

Read more: Open Banking for Gambling

Crypto gambling

Crypto gambling is a new form of gambling but it has great potential due to the value it offers. More and more countries are starting to recognize cryptocurrencies such as Bitcoin, Ethereum, Dogecoin, and Litecoin as a means of payment. Online casinos and betting websites have quickly added cryptocurrencies to their payment methods. There are even gambling platforms that were developed for crypto users alone.

VR and AR gambling platforms

What if we told you that you can get a complete casino experience without stepping out of your home? We know it seems too good to be true. However, it will be possible soon thanks to technologies known as virtual reality and augmented reality. VR and AR will make online casinos more interactive and engaging than ever. When you gamble on these platforms, you will see a proper gambling environment that includes tables, dealers, gamblers, and staff around you.

I-slots

I-slots are the newest additions to slot technology. They are multi-reel and multi payline titles that are quite different from the classic slots. A major feature of i-slot games is that they allow gamers to create unique storylines by choosing adventures or spinning particular combinations of reels. The games are super fun and rewarding, so we do not doubt that you will enjoy them when you finally check them out.

Wearables

The first thing that probably comes to your mind when you are asked about mobile gambling is your smartphone. However, things may be changing soon as smart matches become more advanced. We believe that more gamblers will be gambling on their wearables in the near future.

Final thoughts

The future of the online gambling industry is nothing short of exciting. In the coming years, online gambling platforms should have much more to offer than land-based casinos.

Read more: Best Canadian Online Casinos

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