Online Gambling Trends 2020
May 18, 2020 It’s been a transformative year for the US online gambling industry. The launch of legal online gambling in Pennsylvania meant more people enjoyed online casino gaming. Many other states are set to follow suit in the new year. LONDON- (BUSINESS WIRE)-Technavio has been monitoring the online gambling market and it is poised to grow by USD 114.21 bn during 2020-2024, decelerating at a CAGR of over 11% during the forecast. Fortunately, this review will assist you to get the latest online casino games of 2020 without going too far. Even though the year has been slow due to the COVID-19 pandemic, the online casino industry has not been affected much since it does not depend much on physical interaction. Hence, you will find a good collection of games to play in 2020. Players can accept challenges, play community slots, participate in discussion boards, chatting in VR. 2020 should also be the year of improvements in mobile gambling. Still, many online casinos offer only browser-based mobile games while more than 60% of traffic is usually mobile. Telegram app for online casino. Many online casinos are focusing on live dealer casino gaming, provided often through dedicated casino studios to provide a more interactive and human element to the online casino experience. This trend is likely to continue throughout 2020 and beyond, with VR and AR technology making live dealer gaming more attractive. Consumer Habit Shifts.
Online Gambling Trends 2020 Usa
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STICPAY as a payment system is widely used in the regulated gambling field. Being a technological company, we are curious about how technology changes the industry. Here are some findings on this topic.
Virtual Reality
On the market, some online casinos provide an authentic gaming experience where players can explore the virtual casino.
Advantages are:
- VR technology gives players the chance to enjoy all the experiences of their land-based casino without leaving the house, staying within the comfort of their own home. Online gamblers are able to play face-to-face with their opponents
- Players are also able to chat with other players - social gambling. A lot of positive users comments on forums showing that they enjoy playing and talking with people around the world.
- Expensive for some users: for VR online casino users need to buy the VR equipment (such as headsets, headphones, sensors, controllers etc). In average it costs $400+
- VR is very immersive
Nowadays, we know players who have VR technology such as Microgaming with a virtual reality roulette game based on Oculus technology, online casino software provider NetEnt with VR games Jack’s World VR and Gonzo’s Quest, SlotsMillion VR, others.
Artificial Intelligence and Machine Learning
Firstly, the development of AI influences the customization of games for users. AI analyses players’ preferences in terms of game selection and offers a personalised welcome page with suggestions according to their preferences. It can help users to save time searching for the right game.
AI can also be used in areas such as customer support. Some casinos already use chatbots to give the answers on queries.
Two of the most interesting ways AI can be applied in online gambling are:
- Protection against cheating users: AI software that can track cheating players and detect fraud by analysing patterns, which helps operators to prevent frauding.
- Detection of gambling addiction: the system can potentially detect players’ behaviour and stages of gambling addiction.
More Blockchain casinos
Blockchain technology is already being utilised in the casino industry, and there are some decentralized betting platforms on the market. Blockchain casinos and bitcoin casinos are different platforms. Bitcoin casinos could not be built on blockchain technology. It could be a standard technology casino which accepts cryptocurrencies as a payment method.
But blockchain casino is operating with a crypto platform, an open-ledger decentralised system which gives the industry such advantages as:
- actions proceed very fast and anonymous
- information of transactions is stored in a public smart contract and transparent, users or operators are not able to manipulate data
- independent auditing of game fairness as everyone can see that slots are randomly generated right in the code of smart contract of casino
- there are also miners, independent participants in the process who validate actions of users and operators what adds more transparency and decentralization to the process and results of games
However, cryptocurrency and blockchain as technology are a regulated industry and blockchain gambling platforms should be cryptocurrency licensed.
The issue why it doesn't grow so fast is that, at the moment, there are not so many blockchain developers in the gambling industry and still, in many countries, cryptocurrencies and blockchain status is not clear from the regulators’ perspective.
Social and Mobile Gambling
Players can accept challenges, play community slots, participate in discussion boards, chatting in VR. 2020 should also be the year of improvements in mobile gambling. Still, many online casinos offer only browser-based mobile games while more than 60% of traffic is usually mobile.
Telegram app for online casino
Online Gambling Trends 2020 2021
Developers can use Telegram API and source code to create Telegram-like messaging applications on Telegram platform free of charge. There are several casinos who made Telegram gambling bots for the Telegram audience community.
Telegram Messenger went further than all other messengers in protecting the user's data from giving it to 3rd party and made all actions end-to-end encrypted. The app became a platform of networking for many gamers, traders and blockchain experts.
Huge community, good usability for building an app and easy authentication processes are the main advantages for online casinos. For users are benefits that they can do slots, read the news or send messages at the same time.
It's still know-how within iGaming software companies but there are a few online casinos built on the Telegram app platform.
Here is the list of the main trends once more time:
- VR
- AI
- Blockchain
- Social and mobile games
- Telegram casino
Online Gambling Trends 2020 Uk
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