In 2020, the worldwide online gaming market was estimated to be worth $66.7 billion. We expect the value to reach $92.9 billion by 2023. If gaming enterprises want to take advantage of this expansion and expand their market share, they must ensure that their products address developing online gambling trends. For instance, if you read maple casino reviews you will find out the most trending casino sites. If you’re playing online and find yourself at a table where nothing seems to be going right, you may quickly leave and try a different table or game. This is unlike in land-based casinos. Let’s delve into other trends that you should look out for:
Cryptocurrencies
Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin can supplement and even replace traditional currencies in some cases. However, before accepting bitcoin payments from clients, online merchants should keep a few things in mind.
Anonymity is a crucial feature of cryptocurrencies: transactions are untraceable, making them perfect for users who want to remain anonymous online. While this is an excellent move for data privacy, it is a step backward for online gaming. Online casinos and sportsbooks are required to collect specific information on their customers as part of their know your customer (KYC) duties to protect them and prevent corruption. This criterion is incompatible with the anonymity that cryptocurrencies give.
Furthermore, despite their growing popularity, cryptocurrencies are still far from becoming entirely mainstream.
Virtual and Augmented Reality
Most users were ecstatic that mobile gambling existed even ten years ago. However, digital experience expectations have risen substantially since then, as has the quality of casino and sportsbook apps available.
The unveiling of Metaverse by Facebook/Meta pushed VR/AR even farther into the forefront, and it continues to promote greater immersion in gaming. Virtual reality items are already available at several casinos, such as PokerStars Sport. Because of the many capabilities afforded by VR, such as gesture mimicry, 3D avatars, and live interactions, the digital poker experience now matches the actual thing much more precisely.
Despite this, the barrier to entry for VR/AR is considerable, as users must have access to pricey headsets to enjoy these capabilities. The result is that (VR/AR) continues to be slow-burning online gambling fads.
Betting on esports
Esports betting is a game-changer for bookmakers since it allows for new data-driven consumer experiences, more accurate betting, and more in-game betting chances.
Despite the fact that esports betting was a huge online gambling trend last year, The trend will continue in 2022. While betting on online games like FIFA was popular during the pandemic, programs like DOTA 2 did not fare. This suggests that esports betting was only used as a stand-in for real sports betting during the lockdown.
Wearables
Smartwatches are becoming increasingly popular, whether for fitness tracking, chatting, or gaming. They’re also gaining more and more clout. As a result, it’s no surprise that this new device class is gaining traction in the gaming sector, with companies like Playtech already selling Apple Watch slot machine apps.
The benefits to operators are self-evident. A smartwatch is more present in the user’s awareness than a smartphone, making it more probable to play games on the spur of the moment. The design of today’s wearables also makes gaming more appealing than on mobile, as players see the information essential for a game and are not distracted by too many buttons.
On the other hand, gambling apps for wearables are a niche product, with customers preferring to access online casinos and betting sites via desktop or mobile. Furthermore, because there are so many proprietary operating systems other than watchOS and WearOS, it is difficult for casino operators to build for all of them. Individual models vary significantly within the same manufacturer: some feature round screens, while others have angular screens or a hybrid of mechanical and digital display parts.
Social Betting
Bettors enjoy discussing their wagers with their pals and swapping anecdotes. This has resulted in several community betting features to bring these discussions online.
Social betting has had relative success in other markets as an online gambling trend but has been notably reluctant to take off in some countries like the United Kingdom.
Micro wagering
It used to be that vast outcomes were the only thing that mattered in sports betting. Which team will emerge on top in the tournament? What are the chances that the favorite will win? Throughout a game, how many goals will be scored? Micro bets, which are concerned with minor in-play occurrences such as the player to achieve the next goal, take the next corner, or receive the subsequent red card, are rapidly replacing this form of betting.
It’s difficult to manually report on all results due to many micro bets in any given game. As a result, many online betting organizations utilize artificial intelligence (AI) to determine outcomes and disseminate results, making micro bets prohibitively expensive.
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