Online Gambling Market Trends

Posted on  by admin
Online Gambling Market Trends

The global online gambling market size was valued at USD 53.7 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 11.5% from 2020 to 2027. The high internet penetration and increasing use of mobile phones among individuals for playing online games from their homes and public places are driving the market. Oct 23, 2020 (The Expresswire) - The latest report Online Gambling Market acknowledges Size, Application Segment, Type, Regional Outlook, Market Demand.

Trends

2020 was an important one for thedevelopment of the online gambling industry. COVID-19 contributed to online casinos revolutionizing the user experience due to the lockdown, which caused almost the entire gambling population to have to play on the internet.

Market

As people become more comfortable with this new format, we can expect to see a tremendous amount of emphasis on mobile gaming going into next year. Read on to find out more about the upcoming trends in 2021!

News Highlights

  • Expect mobile gaming to dominate the industry next year
  • Watch out for new live casino games coming soon in 2021
  • The U.S. gambling industry comes online

Top 5 Online Gambling Trends in 2021

Here are the top gambling trends players should expect to see in 2021.

Experts project that the online gambling industry will reach a value of $127.3 billion by 2027, making it one of the fastest-growing today. COVID-19 played a massive role in speeding the transition from physical offline casinos to digital ones.
It should come as no surprise that mobile casinos are expected to rise, as gamblers take most of their gaming on-the-go.

In this digital age, online security is paramount when dealing with digital money. Ensuring safety is why many casinos are now encouraging players to deposit and withdraw via cryptocurrencies such as Bitcoin and Ethereum.
When using cryptocurrencies, your information is secured behind encrypted keys, making it impossible for third parties to steal your personal data. Find the best cryptocurrency casinos here.

Live casinos have become a popular choice, as they provide a brick and mortar experience at the comfort of the player’s home. You can find your favorite table games such as blackjack, roulette, baccarat, and more, with this gaming format.
In 2021, you will find a more extensive array of live dealer options at casino sites.
The inclusion of craps, Monopoly, and Crazy Time proved to be a huge success, and many software developers are plotting to release similar titles in 2021. Players will see variations of traditional table games in the future as well.

MarketMarket

Online casinos have not fulfilled their potential when it comes to providing players with unique and immersive gameplay experiences. Real money slots, for the most part, have not changed for many years.
The inclusion of Megaways slots provided a breath of fresh air, but the scene has primarily stayed stale.
In more recent years, and looking forward to 2021, many software developers are looking to change online casino games. Betsoft’s Max Quest series is an example of innovation within the industry, and 2021 will see many more titles such as Max Quest be released.

The U.S. is coming online! After many years of strict laws forbade online gambling participation, the Supreme Court labeled the federal blanket ban as unconstitutional. This meant that individual US states could now draft bills on their terms.
In 2020, we saw many states completely legalizing online gambling. More states are expected to draft bills to legalize it in 2021, which means that citizens could freely sign up for their favorite casinos.
Seeing an influx of American players is huge for the industry, as real money casinos will have access to a demographic that is ready to spend, which will skyrocket revenues.

Final Thoughts

It’s an excellent time for the online gambling industry, seeing revenues swell more and more as players take their spending to casino websites.

With this increased attention, we can anticipate more innovation and creativity in the industry’s future development. Stay tuned with us at OUSC for more news about all things related to online casinos!