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With digitalization now being the norm, it comes as no surprise that businesses and industries migrate to or have a large presence online. Online casinos like Nextspin Slot are no exception as they are now enjoying the large scale rise in their popularity. Technology combined with people’s love for games and winning, we can be sure to expect more developments and upgrades from the industry starting this year.
Here are just some of the online casino industry trends that we can look out for starting this 2022:
Crypto, blockchain, and more
A lot more online casinos will start to accept cryptocurrencies like Ethereum, Bitcoin, and the like as payment methods. With the continuous evolution of blockchain technology, it will also come as no surprise if NFTs (non-fungible tokens) find their way into this industry.
Blockchain technology will continue to be adopted by online casinos for the number of advantages it brings such as enhanced security (thanks to encryption) and transparency. Likewise, gamblers can enjoy the anonymity the technology brings as players can securely put down their bets without even providing their personal details when creating their gambling accounts. Using digital currencies also allows players to replenish their accounts within a matter of seconds.
Better visuals
“Love at first sight” plays a huge factor when it comes to attracting players to play their games (honestly, we are attracted to all things bright and shiny) prompting game developers to constantly improve their games in order to beat the competition. Last year, we’ve seen them churn out upgrades such as enhanced visual quality that matches modern screen resolutions in our current devices. We expect this trend to continue as more and more companies aim to give players a delightful gaming experience that matches or even bests traditional gambling.
Legalization and updated regulations
While there are a good number of nations that still consider online gambling (and even any other form of gambling) to be illegal, this will most likely change as more countries have recognized that there are profits to be made once they have been legalized.
Legalizing what is essentially a shadow market can help governments earn from them thru taxes and licensing and permit fees while also protecting players as more comprehensive regulations protect both the online and players from fraudulent activities such as money laundering, identity theft, and so on.
The rise of mobile betting
Thanks to the increased usage of mobile phones and the proliferation of smartphones (there’s a new model or two coming out every year!), we can expect a rise in mobile betting. Smartphones have helped online casinos reach more people and even tap into new markets. Combine this market reach with improved gaming graphics and visuals - you have a trend that is sure to keep on growing.
More bonuses
The competition among online casinos is no joke, so casinos have to come up with many ways to keep old players and entice new ones. More bonuses or an increase in bonuses is one of their many strategies as it is believed that the higher or the more the bonuses, the more players will be willing to play in the hopes of winning. These bonuses can come in the form of new sign-ups, reaching certain player tiers, spending a certain amount, clicking an ad, maintaining an account, holiday bonuses (which can be very generous as best), and so much more.
Live games and dealers
Casinos of old have stood the test time for a reason - and the socialization factor is what seasoned gamblers miss. Having live games and dealers streamed on the devices now brings back the life and the interaction that makes going to an actual casino an experience. A future with a hybrid setup is also a big possibility where online players can compete with players live on the scene. This would bring the best of both worlds to both players and viewers alike.
Connectivity
Aside from being prevalent online through computers, laptops, and mobile phones, online casinos are now using other wearable devices such as smartwatches as an extension to their games being played on smartphones. In fact, gaming providers Microgaming and Playtech have already started offering casino applications for smartwatches - a good move as this market is expected to grow in value to as much as $140 million this year.
Shinier and newer games
With all sorts of technology, what was once called science fiction is now a big reality - and this applies to games. Our classic favorites get refreshing updates to make them appealing to younger players while still keeping the entertainment and nostalgia factor for the older ones. New games will be churned out every fortnight too in order to keep up with the competition and would even include more gameplay options and would even make more use of VR and AR technologies for a more immersive gaming experience.
With all these trends happening for online casinos, it’s going to be an exciting time for players and game developers alike.
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