The 2020 Coronavirus pandemic had a great impact on every industry that you can think of. In the gambling industry, it forced the operators to quickly boost their virtual resources. This has led to the introduction of new trends that improve the experience of gamblers.
According to a report by ResearchAndMarkets.com, the online gambling market is expected to have a compound annual growth rate (CAGR) of 12.3%. The major reason for this growth has been extra work done by the operators to improve the online gambling platforms.
We will be taking a look at the top trends in casino apps for 2021.
The global acceptance of cryptocurrency has continued to rise in recent years. More and more governments have been accepting Bitcoin and other cryptocurrencies as a valid means of payment. So, it is only right that we are starting to see gambling platforms that support cryptocurrency transactions.
By taking advantage of blockchain technology, casino apps are creating an environment where gamblers can make faster and safer payments. Blockchain technology has made online casinos more immune to hacks and fraudulent activities than ever. The anonymity of crypto transactions is another great benefit. It allows players to gamble with utmost privacy and confidentiality.
Though not all gamblers have invested in the crypto market, the acceptance of cryptocurrency transactions has proven to be an effective means for casinos to get new customers. The use of crypto trading bots makes it more efficient for investors dealing with cryptocurrency. Quantum Marketer lists the best trading bots that can help investors. If players are to enjoy gambling online, they need to be able to perform transactions conveniently. Some of the cryptocurrencies accepted by crypto casinos include Bitcoin, Ethereum, Dogecoin, Monero, and Ripple. Here you can find the list of best Crypto Casinos.
As the number of online punters continues to increase so does the demand for improved services. As a result, the online gambling industry has now turned to AI technology in a bid to improve its service delivery. Now, you must be wondering how Artificial Intelligence can help an online casino.
Firstly, Artificial Intelligence enables gambling platforms to customize in-game experiences to suit the needs of each player. For instance, AI technology can study the games you enjoy playing the most and then fill your homepage with your favorite niche. AI is also used by the operators to detect gambling addictions and promote responsible gambling.
Another way by which AI has been very helpful to online casinos is that it makes their customer service much more responsive and efficient. What’s more, a no-wagering casino may use AI to provide its customers with personalized offers and bonuses. Finally, Artificial Intelligence helps gambling platforms to identify suspicious behaviors, and this results in the early detection of cheats.
Esports betting has been around for several years now. However, most gamblers didn’t fully get interested in it until the Covid-19 pandemic hit. The major sporting events were brought to an abrupt end after the outbreak and this allowed Esports to emerge as an alternative.
Since then, the market’s rise has been exponential and it is expected to make $3 billion in revenue by 2025. Though this may seem like a little fraction of the entire industry, you need to consider that the growth had stagnated for many years.
Another top trend in casino apps this year has been the possibilities of the 5G network. Once the 5G network becomes readily available, it is going to revolutionize the global gambling industry. This is because it will eliminate the present limitations that have resulted from weak network coverage.
With the 5G network, it will be much easier for online punters to place bets on live games. The improved network speed will also enable casinos to provide personalized content, products, and real-time data with more efficiency.
According to PaySafe, 48% of regular gamblers at live games would be more interested in betting on their mobile apps if they have access to a 5G network.
As we mentioned earlier, the outbreak of the Coronavirus pandemic brought the sporting world to a halt. This made gamblers around the world unable to place bets on their favorite sports. So, several sports bettors had to switch to casino games such as slots, blackjack, keno, etc.
Fortunately, sporting events are now returning thanks to the availability of vaccines and the freedom of travel. Sports bettors can now place bets on major events like the French Open, Euro 2020, Copa America, NBA Finals, ICC World Cup, etc. Exciting times are here again.
The trends in the online casino industry in 2021 have been driven by the effects of the pandemic and technological advancements. As things continue to return to normal, it is evident that the growth of the industry is only going to increase. You should find the coming years very interesting if you are an online punter as the need to walk into land-based casinos reduces by the day.