The casino industry has remained fluid over the decades, changing all the time as technology, player expectations, and competition change. Over the last decade, we have seen rapid changes in the industry as more players enter the market and technology advances. Here are some of the top trends we can expect to change this industry in the coming year.
Crypto is Set To Dominate
Cryptocurrencies are already dominating many industries and they are likely to impact the casino industry too, especially as more casinos start accepting digital currencies. Many people prefer depositing, withdrawing, and using cryptocurrencies because they are secure and offer unparalleled anonymity.
While traditional payment options will still remain an option in many casinos, we can expect to see more casinos accept cryptocurrencies, especially as more people demand this option. The anonymity provided by crypto and the feelings surrounding tying a casino’s account to one’s personal life have made crypto a viable option. Also, because there is no personal information given to the casino, the chances of identity theft and hacking are limited, which is another reason why people are so safe using this payment option.
Access In More Areas Around The World
There are still a lot of areas around the world where online casinos are banned or limited in some way. People could not risk playing at these casinos because their personal identities could be tied to their casino accounts through the payment options they used. Crypto is changing this as it is no longer possible to do this.
Because of this, there are now more people accessing casinos from areas where it was not possible to do so a few years ago. For example, Taiwan has very strict gambling regulations, but the industry is seeing a lot of players from the country playing online, something made possible by cryptocurrencies.
The result of this trend is casinos seeing increased player numbers and revenue. Also, online casinos will get comfortable advertising and we could, therefore, see a surge in advertisements targeting players from these areas.
With a vast majority of people owning a smartphone, social and mobile gaming have become very popular, and this trend has started impacting the casino industry. There has been a huge increase in the number of people gaming on their phones in the past few years. This surge in players had led to the introduction of free-to-play games. Although players can play these games for free, they are expected to pay a small fee to get additional features, and this is how casinos make money from them.
We can expect to see more casinos doing this because it is a great way to get people into the casinos without charging anything upfront and then making money afterward.
With so many casinos vying for player attention, many players now expect something for signing up on an online casino’s website. Every casino now offers some kind of bonus or reward for players signing up, and this can be thought to be the reason for this expectation.
There are lots of bonuses offered by online casinos, but a 200% deposit bonus has become a popular way for casinos to stand out. Because it is not feasible to check all casinos websites to see if they offer this bonus, you can use review websites like OnlineCasinos to see which casinos offer the 200% deposit bonus. On OnlineCasinos, you can also read detailed reviews of these websites, and also see the other bonuses they have to offer.
Casinos will try to offer better bonuses and incentives for their players, especially when more casinos enter the industry as more countries legalize them.
Virtual Reality Gaming
Virtual reality has for a long time been seen as a gimmick that would not take off. However, people are starting to realise its potential as the technology matures. The casino industry is also taking note and many now offer immersive VR experiences to their players. There is a huge push for VR experiences, which will see the casinos that do not yet offer the experience offer it soon.
Some game developers and distributors like NetEnt have already demonstrated new VR games and they are ready to get them into their biggest casino partners when VR becomes widely available. Once this happens, players will be able to enjoy immersive VR casino experiences from the comfort of their homes.
Live Dealer Games Are in Demand
Humans are social creatures, which is why many players show a preference towards casinos that have live dealer games. People enjoy dealing with, talking to, and interacting with a human dealer as well as other players instead of a computer algorithm. Live dealer games have become so good that there are now many players who would rather play them from the comfort of their homes.
Land-based Casinos are On The Decline
As online casinos have become popular, land-based casinos have seen a rapid decline. Online casinos have exposed players to the fact that they can enjoy immersive gaming from the comfort of their homes, which negates the need to visit a land-based casino.
Another reason why land-based are shrinking in popularity is that many people do not want to deal with the logistics of playing at a land-based casino. Many people are located far from casinos, so they have to make travel and accommodation arrangements just to play there. Most people cannot afford to take this time away or the money it would take to get there.
Players can turn on their computers or smartphones and play wherever they are. They opt to use the money they would have used on transportation and other expenses playing at online casinos instead.
Some land-based casinos have not upgraded their games in years or decades. Players do not want to take a trip to a land-based casino to play a 10-year-old game when they can lay the latest games on their computer or smartphone.
There is no doubt that the casino industry is changing. Fortunately, many players in the industry are keeping an eye on the trends and adapting accordingly. Casinos that do not see these trends and make the necessary adjustments are likely to go out of business.