Whether or not you play casinos, it is crucial that you know the latest insights about this activity. Who knows, these might even inspire you to get started and join the many people who are drawn to casino gaming. The way people play casinos is gradually changing today, especially with the emergence of the online casino market. Gone are the days when casino players needed to travel from their residences to establishments that host these casino games, such as luxury hotels, because, with online casinos, they can play anytime and anywhere they want to be provided they are connected to the Internet. No matter whether they are waiting in line at the coffee shop or waiting for the next train to arrive, they can be able to jump right in and play the casino.
According to recent online casino gaming and online gambling statistics, the online gambling market value is predicted to grow to $100 billion in 2026. In 2020, the revenue from online gambling reached $66.67 billion. Moreover, 96 percent of online gamblers prefer to play at home. Plus, 85 percent of Americans admit to having gambled at least once in their lifetime.
It is bound to be a great New Year as the world welcomes the year 2022, even in the online casino industry. This is why it is incredibly important that you get to know what trends are coming forward in 2022 when it comes to online casinos. Which trends are going to rise to popularity?
Without further ado, here are the trends in online casinos in 2022.
2022 Trends In Online Casino
The online casino industry has demonstrated significant development in recent years, with game developers utilizing technological advancements to grab the players’ attention. The lockdowns due to COVID-19 have largely contributed to its rise. The market has continued to boom ever since.
With gaming operators striving to enhance online casino games with the use of technology, experts are projecting that online gambling will be worth more in 2022.
1. Updated Regulations
The growing popularity of casinos online does not come without regulatory boards and authorities. This is because financial crimes such as terrorist financing, fraud, and money laundering happen whenever cash is involved.
Even when authorities such as financial institutions and banks regulate casinos and gamblers, the gambling industry still lacks sufficient measures to avoid money laundering altogether. It has been said that this became evident in 2021 when several money laundering cases made casinos lose large sums of cash.
In light of these current situations, financial crimes in the casino industry, 2022 is predicted to bring in stricter measures to help avoid these activities. These stringent regulations will make sure online gambling operators will implement necessary measures to restrict these illegal activities by verifying the players’ identities.
2. Rise Of Mobile Betting
Actually, mobile betting has been one of the manifestations of online casino gaming, and they are expected to get even more popular in 2022. Here is why.
While the online gambling market has gained significant popularity today, there is still more to uncover. Social and mobile gambling has been among the most important contributors to this success, thanks to the increased usage of mobile phones.
This increased usage of mobile phones has helped online casino operators penetrate new markets and garner more revenue through paid advertisements put in various social games.
Moreover, mobile gambling app developers are intensifying their efforts to improve the players’ experience to beat their competitors. 2021 has already seen better visuals perform perfectly with stunning screen resolutions crafted by smartphone companies, and experts say more is coming.
This 2022, these visual quality enhancements are expected to improve further, as game developers make it their goal to offer the best gambling experience while catering to the growing demands from players.
3. Hybrid Casino Experiences Through Artificial Intelligence And Virtual Reality
If this is the first time you have heard about these innovations, you are lucky because you are on the right page. What do they mean?
Although virtual reality is not a new concept, it is proving to be a game-changer in the casino industry. This enhanced technology incorporated in virtual reality gambling applications provides a more interactive gambling experience for online players. This increasing number of virtual reality devices readily available in the market is likewise inspiring operators to capitalize on the technology since this is appealing to many players.
Virtual reality offers a realistic gambling environment to help players feel like playing in a real casino, despite betting from home. Many gambling application providers have also started offering virtual reality-based casino games to keep up with trends.
Aside from using virtual reality technology, artificial intelligence will improve the online casino industry further. This innovation gives online gambling operators trend-based customer service and improved data analytics. It also takes the security of online platforms to the next level by detecting fraudulent activities.
4. Smartwatch-Based Gambling Apps
This 2022, it has been said that gambling can happen via your smartwatch. You heard that right, smartwatches, and not just in smartphones. Interesting, right? It is a big innovation. Read on to find out more about this trend.
While laptops and smartphones seem like the online options to play your favorite casino games, gambling services are now available through smartwatches. The statistics that go with this trend even prove this more. In 2022, it has been said that the smartwatch market will hit $140 million from $71 million in 2021. Online casino game developers are also expected to take advantage of this growth. This wearable gadget will change the way online casino gaming works.
More and more gaming providers are offering casino applications playable via smartwatches. Furthermore, the market is set to witness massive growth. More developers are projected to create more smartwatch-compatible games in 2022, as casino operators work toward offering fast, efficient, and more convenient gambling activities.
5. Blockchain Technology
You may have heard about this one way or another. Recently, several blockchain-based projects have shown a high level of capitalization across various markets. Applied in the gambling industry, this technology offers users and online casino operators a way to shape the future of the betting market.
Among the benefits of blockchain technology include gamblers getting able to play casino games anonymously using digital money as they wager in online casinos. Some casinos even let players wager without giving their personal details when creating their gambling accounts.
Plus, these transactions are promptly handled, letting players replenish their wagering accounts within seconds using digital funds.
Moreover, blockchain technology also enhances the security and transparency of online casinos as all the transactions are encrypted from one end to the other, and they cannot be changed, manipulated, or edited.
In Conclusion
With many online casino operators making it their goal to draw more players to their games, you can expect to see these trends and technologies dominating the market in 2022. They will be there with issues like fraud and money laundering, but regulatory authorities will strive to impose stricter rules to protect every stakeholder. The online casino industry will keep growing.
