The gambling industry has always been an incredibly lucrative and profitable field. However, since the advancements of technology in the 21st century, the industry has seen an even greater rise in demand and profits.
Most players in the gambling industry are always quick to adopt change. This is partially the reason as to why they have been much more successful in recent years. However, the thing that plays the biggest role here is the availability of new technology that can seamlessly incorporate with the gambling lifestyle.
The rise of the gambling industry has attracted billions of dollars worth of investments worldwide, and hundreds of casinos are being launched daily, always trying to outdo one another. This is mainly done through welcome bonuses, which can be seen in casinos such as these, as recommended by Casino Reviews. The current trends are heavily monitored and most successful players try to predict and beat the trends. In fact, following the trend is so important most investors argue that knowing is half the battle won.
So, in order to ensure that you make money, the most important part is to know the upcoming trends. This not only puts you ahead of the competition, it also helps you stay relevant. So, here are the current trends in the gambling industry.
Cryptocurrency and more access
One of the biggest byproducts of technology that has become a game changer that nobody could have predicted is cryptocurrency. Currencies such as Bitcoin, Dogecoin, Litecoin, Ethereal and so much more are essentially virtual currencies that can be mined and traded for real money.
In fact, it is so lucrative that the current rate for 1 bitcoin is $50,000. When it first came out, 1 bitcoin was less than a dollar. The demand for cryptocurrency, especially bitcoin has been skyrocketing for the past 10 years and it is predicted to grow even further.
The biggest selling point of cryptocurrency is the highly safe and encrypted payment method that allows users to pay not just safely, but with optional complete anonymity. It is as untraceable as a paper trail.
It comes as no surprise as this has also been a huge game changer for the casino industry, where payments can be made online, with the click of a button, and above all, at the discretion of the customers and clients.
Another huge and unexpected result of technological advancements in the 21st century is the amazing portability of many devices. With incredible ease of access, people can shop, rent and do almost anything online. This of course, also includes playing casino games and gambling.
Mobile devices have made going to casinos incredibly easy for everyone around the world, as they have access to any casino games readily available in their pocket 24/7. This means that users can play virtually anywhere, at home, in the office or during breaks in the bathroom. The ease of access to any online casino makes gambling more lucrative, as people have the choice to do it at any time.
More interactive games
The user base and the audience for the casino industry has changed drastically throughout the years. In fact recent studies show that most modern day gamblers and millennials are no longer interested in playing games that are no longer interactive. According to the study, they are uninterested and games with no interactive elements feel as if it is not worth their time.
The younger audience and new generation of gamblers are more interested in interactivity in the form of gamification, better visuals and audio, better themes and even storylines. Many casinos around the world have adapted to this demand and have put interactive twists on their casino games to entice the younger audience.
With more interactivity, traditional casino games such as slots and roulettes are also given a second wind through reinvigoration. The upgrade on visuals, audio and gameplay almost makes many traditional casino games feel fresh and brand new.
Many other countries aside from the US such as Macau, Italy and Venezuela have started recognizing the incredibly lucrative and profitable demand of the gambling industry. In fact, according to statistics, more than half of Macau’s GDP comes from their tourism and gambling industry.
Further studies have shown that the gambling industry is going to continuously grow and intertwine with the gaming industry. When more countries are starting to legalize gambling, that is when more online casinos will have more leeway to create an even further interactive and interesting online casino.