CASINO TRENDS OF THIS YEAR SO
|The popularity of the online
casino industry grows with each passing day. The rapid development and
advancement in science and technology have paved the way for the success and
fame of the industry. There is now an ever-growing trend for players to move
from playing at landbased casinos to online casino games and live dealer games.
Online casinos offer players with wide choice range and better accessibility.
This was made more evident with the outbreak of the coronavirus pandemic which
stopped many players from going to landbased casinos. Landbased casino players
had to learn the importance of online casino games during this pandemic period.
Due to the sit at home order by the government, there was an exponential
increase in the number of logins and subscription to online gaming platforms.
Even the land-based casinos opted for approval from the casino regulatory
bodies in their states to launch their own version of online casino. If you
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Trends on the Online Casino Gaming Market
According to reports,
the online casino gaming market is projected to have an annual development rate
of +12% before the end of 2025. According to the statistics released by Globe
Newswire, the online casino industry is expected to grow at a rate of 13.2
percent. This means that there will be an exponential rise from $58.9 billion
in 2019 to over $66.7 billion before the end of 2020. The expected increase is
attributed to the COVID 19 pandemic and the several measures rolled out by
different state government to curb the pandemic. There have been several
lockdown orders, people have been placed on quarantine to restrict movements
and the spread of the virus.
Over 8 million persons in different
countries have been infected with this deadly virus. There have also been over
700,000 deaths. With these huge numbers and the sit at home orders, many
players have been prohibited from attending the casino and rather than stay
bored at home, the players have utilized the online platforms efficiently.
Thus, it is projected that the growth of online casinos will reach $92.9
billion before 2023, with an annual growth of 11.64%.
for the exponential growth in the online casino industry can be closely linked
to the advancement in technology and internet networks including mobile
devices, tablets and laptops. There have also been several improvements in
emerging technologies like the virtual reality (VR), augmented reality (AR),
artificial intelligence (AI), blockchains, bitcoins and many other inventions.
These emerging technology trends are paving ways for a more improved gaming
But, one major challenge being faced by the online casino
world is the fraudulent activities going on, on the net. The industry needs to
find a way around the problems of fraud particularly with the new trend of
digital payments. However, regulators of the industry are working round the
clock to protect players from the menace of illegal transactions.
Trending 2020 Online Casino
There are so many online casino games. Although land-based
casinos offer some similar games with the online casinos, the games are still
different in terms of variation. So many online casino players are slot
players. They play slots majorly for its high return to player percent (RTP)
and for some other minor reasons like awesome graphics, cool soundtracks and
Other casino games fast catching up in popularity
with slots are the varieties of table games such as the online poker and