Over the last few years, the popularity of iGaming has skyrocketed thanks to smartphones making online gaming available to many people all over the world. The internet has made it so that you never have to leave the comfort of your home to play casino games or place a bet.
The global iGaming market is now a multi billion dollar industry, and its value will only continue to grow in the coming years. In fact, the global iGaming market is anticipated to be worth approximately 565 billion by the year 2022.
It’s important to stay ahead of trends in the ever changing landscape of the tech world, so without further ado let’s take a look at some of the latest iGaming trends that are shaping the future of the digital gaming world.
For the longest time, the tech world has regarded Virtual Reality as the future of gaming, and it is no different for the iGaming industry. The implementation of VR technology into online casinos would deliver a much more immersive gaming experience and allow players to feel like they actually are in a casino from anywhere in the world.
There are already a number of online casinos that offer VR casino games. Some sites even have games that make it feel as though you are walking around inside a real casino, with full 360-degree views as you choose which games to play.
VR has the potential to change the way we play online games forever, and Online Casinos are taking full advantage of the technology and using it to focus on offering players a widely dynamic and interactive gaming experience.
Online Lotteries are exactly what they sound like; lotteries that can be played online in websites like LegalBetting.com. The main attraction of playing online lottery games over a traditional lottery ticket purchase is the convenience of playing anytime, anywhere via your smartphone.
It should come as no surprise that the Online Lottery Market has seen a meteoric rise in players amidst the Coronavirus pandemic. Now more than ever, people rely on their smartphones for all sorts of purchases because of restrictions brought about by the coronavirus.
The Global Online Lottery Market is expected to reach $11 billion by 2027. Online lottery ticket purchases will play a large role in the global lottery market in the future, so it only makes sense for iGaming companies to adapt quickly to these changes in order to reach their customers long term.
Retail lottery ticket purchases certainly aren't dead, but the industry has witnessed a dramatic shift in customer preference from retail to online. Lotteries will need to adjust their business models in order to give players access to their favourite games, lottery draws and scratch cards whenever and wherever they want.
Online Casinos have been accepting cryptocurrency as a payment method for a number of years now, most notably Bitcoin. More and more online casinos have been using blockchain technology to deliver a fun, fast and secure player experience. In addition to making online transactions quick and convenient, another advantage of crypto payments is that players are not required to disclose any personal information or banking details to a casino site when transacting with an e-wallet.
The Cryptocurrency market is set to see some radical changes as more and more people are moving towards using e-wallets. The main benefit of cryptocurrency payments is that it is a much more secure payment method for players to use with online casinos due to the fact that it is not linked to their personal bank account. Users need privacy when playing online and cryptocurrency payments offer this.
With the speed at which technology is advancing these days, we can only expect that more trends will arise in the iGaming industry. The gaming landscape is always changing, and with new innovations in technology, the industry is only expected to get better in the coming years.