Online Casino Trends in 2021
All industries experience change from year to year and adopt new ways to do business as well as follow trends in their area of business that help them to remain competitive and relevant. Offering consumers new and improved goods and services not only appeals to their existing loyal customer base but also attracts new customers.
Of course, this is also very true of the online gambling industry. Just comparing where the industry was five years ago with where it is today will show how much it has grown, changed and improved. With industry revenues expected to reach or exceed $1 trillion in 2021, we look at what is trending now and will be indicators of future growth.
Increase in mobile gaming
More and more players are choosing to gamble using mobile phones. The obvious reasons for this include convenience and flexibility in terms of mobility – you can play anywhere, anytime, at home or on the go. Games for mobile platforms have improved greatly over the years and compare favorably with playing from a desktop pc or laptop. Mobile gaming allows players to be more discreet (for example, during a work lunch break) or even while commuting.
Uptake of cryptocurrency transactions
Many online casinos (including DuckyLuck) are encouraging players to deposit and withdraw using cryptocurrencies - at this stage mostly Bitcoin, which is the oldest and most popular. Launched in 2009, Bitcoin is now well-integrated into the economy and growing fast. The advantages of gambling using Bitcoin are many, including speed of transactions, privacy and security. This trend is set to grow in leaps and bounds over the next few years.
Virtual reality (VR) set to change the face of gaming
Presently, few online casinos have integrated VR technology into the mix, but it’s definitely on the cards for the near future. VR will allow players to step into a fully immersive 3-D environment as if you were in a brick-and-mortar casino, walking up to a slot machine or blackjack table to play. Users of VR gaming will have to own VR headsets or helmets and developing VR gaming will require a substantial financial budget; however, as uptake of VR increases, so will costs decrease, putting this amazing technology into most people’s reach.
Rise of popularity in E-sports betting
Another trend expected to see growing in popularity in 2021 is E-sports betting. Betting on sports has been a popular pastime for about 2000 years, starting in Ancient Greece! Generally people are passionate about sport, allowing them to gamble on an outcome of a sport that they have extensive knowledge about. But E-sports betting also allows them to bet on a wider range of sports, practically anywhere in the world. Such diversity attracts a wide range of gamblers, whether they love football, soccer, tennis, golf or athletics – and more.
Legalization and opening up of new markets
Gambling has lost much of its questionable reputation in many parts of the world. More and more countries, including some states in the US, have opened up to allow online gambling with regulation by local authorities. With more players with increased spending capability, it’s likely the online gambling industry will continue to grow and thrive.