The global online gambling market has been in a state of transformation ever since it started gaining popularity in the early 1990s.
Statista predicts that the global online gambling industry will be worth USD 66.7 billion (€59.3 billion) in 2020. By 2023, it is expected to reach USD 92.9 billion (€82.6 billion). The iGaming sector is a money-making machine, and its popularity is fueled by remaining on top of the latest technological advances.
Several trends have been projected for 2023. If online casinos in the Americas, Asia, and Europe are to remain competitive, they must improve the quality of their online casino.
Five ways to boost your online casino quality
While there are so many competitors, it may seem complicated to get advantageous and perform better in the market. That’s why we’ve gathered some fundamental tips to make your gambling business improve.
Here are a few methods to do it:
1.Safer Gambling Practices and Improved Security
It’s no secret that gamblers prefer to play their favorite slots, table games, and live dealer games at the most reputable casinos. However, no organization can be too cautious when it comes to cybersecurity or providing players with a safe, trustworthy, and responsible gambling environment in this day and age.
Maintaining legal compliance will become increasingly important during the following year. Robust KYC protocols are in place to prevent fraud and other illegal activities and protect minors. Responsible gambling activities (self-exclusion, setting limits, and so on) will also be crucial. Two-factor authentication, enhanced login (e.g., facial recognition), and speedier withdrawal times are significant security developments for 2022.
Many online sites accept cryptocurrencies as part of their payment services, indicating that decentralized gaming is becoming more popular. Even the most well-known iGaming software systems give their online casino business partners the option to use Bitcoin and other cryptocurrencies.
Though traditional FIAT payments will continue to be the primary payment method at most of the UK’s and Europe’s largest gambling sites in 2022, cryptocurrencies such as Bitcoin, Ethereum, and many others will begin to dominate the industry. This is due to the security, anonymity, and speed they allow players to deposit and withdraw funds. Also, as NFTs and the Metaverse become more popular, people will want blockchain casinos even more.
3.Virtual Reality and Augmented Reality
While there are already some VR casinos, as the Metaverse develops and immersive experiences become more popular, there will be a more significant push for VR (virtual reality), AR (augmented reality), and MR (mixed reality). Virtual reality experiences are currently available at online casinos, and they include games and more advanced technology such as 3D avatars, gesture imitations, and live interactions. As you might expect, virtual reality could change everything about online poker by making it more real.
Even though these technologies are increasingly gaining traction, a few years before VR and AR technology in online casinos completely takes off. This is partly due to the headsets’ high cost and other equipment needed for the experience.
4.Improved Gaming Environment
Traditional slots and casino games do not appeal to younger generations. So, software developers will have to step up to the challenge of making more interactive entertainment in the style of video games that includes gambling, social interaction, and skill. This can be done by using professional sportsbook software, which will help build your gaming platform more efficiently.
To keep players interested in the experience, more online casinos need to incorporate incentivized gamification features. This could include things like challenges, tournaments, earning points or the casino’s own money, etc.
As time goes on, players will seek a fast, smooth, and flawless iGaming experience in addition to entertainment. This means more straightforward navigation, speedier registration, no registration, instant, and/or same-day withdrawals, and a responsive UI that works on any device.
5.Wearable and mobile technology
The most recent mobile gambling trends will see online casinos go above and beyond the bare minimum of having an app. Operators should make registering new users as simple as possible and supply a modular tech stack with their app to enable or disable functionality. It will also be critical to improve discoverability to give users quick access to relevant games.
Besides smartphones, betting on wearables such as smartwatches will become more popular. However, due to the small and irregularly shaped screen sizes and the several proprietary operating systems, creating an optimum experience for this device poses numerous obstacles. But game makers like Playtech have already seen the potential of the wearable gambling market and have started to make slot apps for Apple Watches.
In the end, despite all of the aforementioned developing tendencies, one thing is certain: in 2022, more online casinos will prosper than their land-based counterparts. Gambling’s future is unquestionably online.