Online Casino Industry Game Changers!

Online casino

The online gambling industry is moving at an incredibly fast pace, and many people wonder what the future of gambling will look like. If we go back only five years, we can see some huge advancements that re-shaped the online casino gambling industry forever, such as the introduction of new slots that are more focused on the user experience, broader accessibility, higher security, and much more.

It seems like the online gambling industry is strapped to a rocketship with the thrusters turned on to the max, especially after the pandemic where people changed their gambling habits.

This led us to wonder, what are the revolutionary changes that will re-shape the online casino industry this year. 

Let’s find out more about what are the biggest online casino trends that are likely going to happen.

New Regulations for Online Gambling

With the rise in popularity of online gambling which opened up a whole new market sector, it allowed new money to flow into this industry. And where there is money involved, bad things like terrorist financing, money laundering, and financial crimes are bound to happen.

This is why for many countries re-shaping the regulations for online gambling is their first priority. 

Most people would argue that the online gambling sector, including, is already regulated, but the truth is, it still does not incorporate enough measures to prevent many crimes like money laundering. 

Not too long ago, in 2021, we’ve seen reports where more than $1 billion has been laundered through Australia’s online casinos.

So, this year we expect countries to put tighten the leash of online casino companies, such as 1Good.Bet, by forcing new laws and regulations that might have a huge effect on how casinos operate.

Involving Cryptocurrencies as a Payment Method

Cryptocurrencies are not something new, and they have already been introduced to the online casino space. However, this year, we expect more casinos to jump on this fast-moving crypto train and allow such transactions on their platforms.

Cryptocurrencies help casinos bypass a couple of financial problems, and the first and most important one is the inaccessibility of payment gateways in certain countries. 

All the digital currencies are universal, and by allowing crypto gambling, casinos will be able to open an entirely new market possibility.

But this trend goes far beyond using cryptocurrencies for gambling. Along with cryptocurrencies, we’ve seen a huge rise in the popularity of other blockchain technologies like NFTs and Tokens. If casinos find a way to utilize digital collectibles or create their own tokens, it will be a huge game-changer for the entire industry.

Mobile Gambling Continues to Rise

Even though there is already a huge rise in mobile gambling, it seems like we still haven’t reached its full potential. There is no denying that one of the major contributors to the success of the online gambling industry has been social media and mobile gambling, but there are still many different ways that can be explored.

This year, we expect game developing companies to focus more on the mobile-friendliness of the casino games and provide a better user experience.

Additionally, there is a new trend on the horizon, and that is smartwatch-based apps for gambling. This game-changing trend will allow people to play different slots and casino games all through their smartwatch.

Virtual Reality in Online Gambling

We’ve been hearing a lot about the Metaverse technology that will allow us to build a digital persona, and possibly enter Web 3.0. But what does this mean for the gambling industry?

Well, in order to get to the Metaverse the online casino space first needs to fully embrace the Virtual Reality technology. There are already some casinos that provide players with a lifelike digital experience, but this year we expect things to go to the next level.

There is a huge uncovered potential hiding behind the VR technology in gambling that can open up new opportunities for both the players and online gambling companies.

Online casino article and permission to publish here provided by Gabriele Meliunaite. Originally published on Supply Chain Game Changer on May 22, 2022.