The Latest Updates to the Casino Industry in 2021
The past year has been challenging due to the coronavirus pandemic, but the online gambling industry has found ways to develop the industry. Online casino activity has increased dramatically, and more and more players have joined this entertainment. It is worth noting that online casino Australia has seen a steady increase in activity in recent years and it will continue to grow.
Inhabitants of Australia are considered to be the most gamblers in casinos. Online gambling in Australia has developed quite suddenly since the interest of Australians in it has arisen relatively recently. The complete legalization of absolutely all casinos in Australia contributed to this. And this applies not only to online casinos but also to ordinary land-based gambling establishments.
Gradual changes in the casino world
Since the advent of online gambling, there have been many changes through the use of innovation and technological advances to improve the online casino experience. Live dealer games were introduced, new ways of rewarding players were invented, and many improvements were made to existing games. As a result, online casinos have become more attractive to players, with new features and capabilities. Thanks to mobile technology, players now have access to their online casinos wherever they are.
Every year, a new trend emerges that contributes to the beginning of a new era in online gambling. 2020 paved the way for such trends, and 2021 will be the year of key new transformations in the industry. Let’s find out what to expect from this sector of the economy in general and at online casinos Australia in 2021.
Dominance of mobile gambling
Sure, mobile gambling has been on the rise for several years now, but it looks like it will dominate in 2021. Due to the COVID-19 epidemic that has hit the world, many players have begun to play in online casinos on all devices that they have at home. And they are very attracted to the fact that they can enjoy their games on tablets and smartphones.
The popularity of mobile games is predicted to grow rapidly this year, as more than a third of the world’s population has a mobile device and an Internet connection. Operators need to improve their mobile applications, although most of the leading companies have already made their sites mobile. At the same time, the number of applications for mobile casinos will grow, especially given the popularity of application development in recent years. Online casino Australia software developers are making their games more mobile and in HTML5 format so that players can use the mobile resource at any time of the day.
At the moment, the mobile gambling industry owns about 50% of the online gambling market. The industry is expected to increase this share by almost 59% by 2021.
The dynamic growth in the use of cryptocurrency in casinos
At the moment, many leading online casinos accept bitcoins as a payment method and provide the ability to use digital currencies in games. Moreover, most of the existing casinos are also going to provide such an opportunity in the near future. Cryptocurrencies are especially popular these days, and it’s no surprise that the number of such casinos has skyrocketed. Whether they are all-crypto casinos or complement the digital currency gaming capability, casinos like these are undoubtedly secured in popularity growth in 2021.
One of the reasons players choose to play with digital currencies is their complete anonymity. Cryptocurrencies are among the fastest, safest and most convenient solutions for deposits and withdrawals. For this reason, an increase in the number of casinos using them is predicted. Another economic reason why these types of casinos are expected to grow is that many regulated markets in different countries have adopted the use of cryptocurrencies in their online casinos. When it comes to digital currencies, not all businesses and global markets welcome their use. Cryptocurrencies are much more difficult to track than regular financial flows. But in online gambling, they are accepted as a reliable means of payment.
Increased use of virtual reality
The online gambling industry has been experiencing problems with augmented and virtual reality for several years. But the truth is, players already want to test how online gambling will work with these technologies, especially after 2020. There is no doubt that 2020 and the pandemic have changed the way we view global security. The players’ priority is to stay at home and enjoy their favourite entertainment, rather than go out and risk their health.
As such, more VR casinos are expected to appear in 2021. These casinos will provide players with an experience that is as close as possible to their real experience in a land-based casino.
Thanks to VR devices, it is possible to immerse yourself in online casino games like never before. It is very likely that all casinos will implement augmented and virtual reality technologies to improve the interaction with players and give them a chance to dive deeper into the world of gambling.
It is estimated that virtual reality will generate about $250 billion from gambling in 2021.
Increase in the number of bets on esports
More online casinos are likely to introduce a new tab on their sites or improve their betting offerings. With the growing interest in esports betting, operators are likely to incorporate this type of gambling into their platforms to meet demand. The online gambling industry is currently worth over $250 billion, and esports betting is only a small percentage of that amount, roughly $1,80 billion. But given the changing interest of players this year, it looks like the situation is about to change.
While most esports proponents have been based in Asia so far, it looks like people from other continents have started to take an interest in it as well. American and European viewers have appeared, so esports will eventually conquer the global market. This will increase the possibilities for betting in esports. Once they see the potential for betting and the growing interest in them, more operators will start offering esports tournament bets.
Increased liability in relation to gambling
The online gambling industry faced many challenges in 2020, mainly due to massive player engagement and a sudden increase in new users. Operators are asking regulators for guidance on how best to apply responsible gambling practices and ensure that no player is disadvantaged.
Regulatory authorities are constantly reminding operators of their obligations to players, especially now that many new users have entered the world of online gambling. People who are new to the world of online gambling are at greater risk of developing addiction as they discover a new world of entertainment and fun that costs a lot of money.
Operators are required to monitor the activities of players on their sites and report any unusual expenses or habits that may lead to irreparable consequences in order to prevent addiction to online gambling. The upward trend in responsible gambling practices started in 2020 but is expected to continue in 2021.