Four Trends in Online Gambling
Online gambling is on the rise. In 2015 there were 2.8 million adults who gambled online. In 2017, that number was over 4 million. Online casinos are looking for ways to keep player interest increasing and the number of players climbing. There are a number of interesting trends in online gambling, most of which, not surprisingly, have to do with the advances in technology. Here are four online gambling trends worth noting.
The Rise of Mobile
Recent studies have shown that almost half of all smartphone users spend more than five hours a day on their device – one in four spend more than seven hours a day! More than 62% of users surveyed used mobile devices for gaming.
In 2016, the revenues earned from mobile gaming surpassed those from consoles and desktop computers. Improvements in speed, connectivity, and graphics for smartphones means that this trend in increased mobile gaming is going to continue for the foreseeable future. Mobile compatible online gambling casinos will definitely be a part of that rise.
Virtual Reality Online Casinos
Virtual reality gaming has become popular in the last few years, though the best is yet to come in this field. Online gambling began in the mid-1990s, and while it has grown tremendously since then, the major traditional casinos haven’t really considered it a serious competitor. There are still technical difficulties, not the least of which is lower quality graphics compared to those typically found in online casinos, but it is getting better and better.
Online casinos already offer convenience and cost-saving over traditional casinos. Throw in being able to “walk” all around a virtual casino and interact with other players and the dealers from the comfort of your living room and virtual reality casinos will be poised to offer serious competition to brick-and-mortar casinos.
Cryptocurrencies Take Center Stage
Cryptocurrencies have taken the world of online gambling by storm. While Bitcoin is the most popular and well-known, other cryptocurrencies have appeared on the scene, including Ethereum, Ripple, Litecoin, Dash, and others. Being especially created for the Internet, Bitcoins and the others offer the advantages of cost-effective, swift, secure, and private transactions. Increasingly, online casinos are accepting Bitcoins in addition to regular currency.
New Rules and Regulations
While not technology based, this is an important trend, nevertheless. With the advent of GDPR, European online casino operators have had to keep in mind the stricter regulations concerning player data privacy and self-exclusion laws. Online casinos are already closely audited and monitored, but these additional requirements will further strengthen the confidence players can feel about the protection of their funds and their data.
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