How online gambling will evolve in 2020

Online gambling has come a long way since the early 90s when the first gambling licenses were issued. Now, these changes include technological advancements like cryptocurrency, blockchain, and increase digitalisation and 2020 is set to be an exciting year as we see continued integration of emerging technologies into online casino platforms.

Here are some of the key trends you can expect to see more of over the next 12 months.

Crypto

There is no doubt that cryptocurrency is set to continue its domination of the gambling industry with more and more online platforms set to accept it as a payment method in the coming months. Deposits, withdrawals, in-game purchases and more, Bitcoin and other digital currencies are attracting more and more users because they offer better security, as well as more anonymity. Of course, traditional payments will still be used on many of the larger sites, but we can expect to see crypto use becoming more and more popular.

More live dealers

It has long been known that players prefer to have live dealers when they use an online casino so the whole experience feels more realistic. As a result, more and more online casinos are using this information to gain more leverage and visitors to their sites. 

VR based gaming

Virtual reality is one of those inventions that has transcended from the realms of science fiction into reality with very effective real-world uses. In terms of online casinos, it can be used to enhance the online experience making it a lot more immersive for users. With more and more VR accessories being readily available to the public, VR casinos are expected to be in demand and it is only a matter of time before users can access VR casinos from the comfort of their own homes. Net Entertainment, one of the world’s leading iGaming software providers has already released a demo of their VR Jack and the Beanstalk slot machine game. Now it is only a matter of time before other providers start to launch their own.

The decline of land-based casinos

Traditional brick and mortar casinos are really feeling the pinch from the rise in popularity of online gaming. Footfall rates have dropped significantly over the last few years as more and more clients opt to log in on their mobile phones or computers. The ease, convenience and anonymity that online gaming can offer is a huge draw for existing and previously untapped clients, and they tend to offer a more dynamic and vibrant gaming experience. 

Better slot games

As users of online casinos get younger and younger, the industry will adapt by creating new and improved slot games that offer a skill element. Younger users tend to be more adept at these types of games and demand more engagement and stimulation than older users. Casino operators need to consider this new generation of users and adapt, else face losing valuable clients to competitors.

Fast Offshore has been working with clients in the iGaming sector for over two decades and have a wealth of experience spanning five continents. If 2020 is the year you will launch your online casino or online gambling business, contact us to benefit from our years of experience helping our clients succeed.