In recent years, the world of online casinos has grown significantly, primarily due to the epidemic, which caused many gamblers to look for new ways to play their favourite games. Technology has also had a significant impact on the proliferation of online gambling trends.
Further advancements and developments are expected as we approach 2022 in the industry, which does not look to be slowing down either. Now that they can play every game you can think of from the convenience of their own home, people have high expectations.
As the industry continues to grow and evolve, we've compiled this handy cheat sheet of what to expect from the online gambling trends in 2022.
In recent years the Metaverse has become more than just a phrase or an abstract concept, but rather a concrete platform that game creators are slowly embracing. We are increasingly relying on cryptocurrencies and NFTs in our day-to-day lives.
Cryptocurrencies are becoming increasingly popular in the online casino industry trends. The gaming industry's most lucrative segment is now online crypto casinos. Crypto casinos appear to represent the future of gaming based on current casino and gaming industry trends.
There was an increase in the previous year's value of the global casino and online gambling sector to $231 billion in 2021.
In addition to the spread of bitcoin use across businesses, the internet industry is seeing significant growth of bitcoin gambling due to the following factors:
There is no single point of control in a decentralised system because of blockchain technology. Additionally, this eliminates the need for third parties, which is crucial for online gambling, where trust in third parties is essential, and transparency is critical.
Crypto casinos offer lower fees than their fiat-based competitors. As with credit cards, most cryptocurrencies don't charge transaction fees, so gamers don't have to pay a lot to play.
Crypto also enables (and ensures!) anonymity, which is a massive bonus in online gambling, where many things might jeopardise privacy. You can easily create additional accounts under different identities when using cryptography to avoid legal entanglements.
Are we still surprised that crypto casinos and bitcoin gambling are getting more and more popular by the day?
Mobile Betting & Social Gaming
It's no longer uncommon for us to play at our favourite online casinos from the comfort of our own homes using our mobile devices. Online casino industry trends and business growth are expected to continue to be fueled by mobile betting into the year 2022.
Today, mobile betting accounts for a sizable share of all internet wagering. Additionally, social gambling is projected to rise in popularity because people may play their favourite games online with friends and family.
Smartphones for mobile betting have given online casinos access to new markets and audiences who would never have visited a brick-and-mortar casino before. In 2022, smartphone platforms are also projected to improve their visual quality to attract a younger and more varied audience.
VR-based Casino Games
Virtual Reality (VR) is another nifty invention that flags the way for a more riveting casino experience.
In just a short time, Virtual Reality has become a big trend in the gaming industry. While it isn't a new concept, it hasn't been used as much in the online casino market until recently. However, as virtual reality (VR) technology advances, more online casino providers are exploring for methods to bring their games to life and deliver a more immersive experience.
A growing variety of virtual reality devices are now available on the market, and you can even watch your favourite Netflix show in VR.
As a result, it's no wonder that gaming behemoths like Microgaming and NetEnt, to name a few, are now offering VR-based casino games. These plans also appear to include the use of artificial intelligence to improve customer experience, as well as improved online platform security to assist detect fraudulent behaviour sooner.
Many VR accessories are now widely available for the general public, which bodes well for the eventual growth of VR casinos. A few years from now (or maybe sooner), we can expect virtual reality casinos to be accessible to everyone from the comfort of their own homes.
Using a smartwatch to place bets is already a reality. In recent years, people have been utilising their smartphones and tablets to access online casinos. Smartwatches are now poised to take over as a handier and more accessible alternative to smartphones.
Gambling is expected to be a significant portion of the $33 billion worldwide wristwatch market estimated by others by 2022.
The popularity of wearable technology has always been high. This trend will only grow in the following years as more gaming software developers create new games that can be played on various devices.
Advantages of gambling for real on a smartwatch:
- It's simple to multi-task. You can't lose your smartwatch because it's attached to your wrist. The same cannot be said for people who use smartphones, as they are prone to dropping them while juggling multiple tasks such as cooking supper and playing roulette.
- It isn't obtrusive. A small screen on your smartwatch may make it difficult for you to play games with your pals, but they won't be offended. You'd have to sit down, find a spot to prop it up, and stare at the screen if you were using a smartphone, tablet, or Macintosh laptop to place your bets. Running around or hanging out with pals, you can place your bets only when a chime or other form of indication on your watch tells you to do so.
- You can play on the move. With a smartwatch, you can do just about everything and still wager simultaneously because it is so portable (as long as your watch is connected to the internet, that is).
- Features an easy-to-use user interface. The smartwatch screen is so tiny that only the most critical information is displayed, and the rest is omitted. This has the benefit of removing advertisements and distracting banners.
As complicated as they may appear, smartwatch casinos and smartwatch gambling don't take up much of your time and require a few simple steps to get started.
'Safer gambling' is the industry's strategy to reducing the risk of problem gambling and gaming-related harm. The term is sometimes interchanged with 'responsible gambling,' and it is also known as the industry's social responsibility.
- Safe gambling is the result of a gambling industry that:
- Cares about its players
- Equips its customers with the knowledge they need to regulate their gaming habits
- Ensures that the young and vulnerable are protected from the negative effects of gambling
Consumers can get valuable information on this topic from the Gambling Commission. Some of the words and definitions used in safer gambling are explained here.
What does it mean to gamble in a safer manner?
A gambling organization creates particular rules or logic to identify a customer who is at danger of developing a gambling problem; the organization offers the help of trained staff to deal with their problem effectively.
- A gaming facility gives its customers the ability to set time or money limitations on their gambling.
- A gambling business sets up mechanisms to identify underage gamblers.
- The casino sets up a safe gambling FAQ, tutorials, contact numbers and agent support.
As part of their licencing requirements, gambling enterprises must contact consumers who are in danger of or experiencing harm as a result of gambling. Customers can communicate with you in a proactive or reactive manner:
- A proactive customer engagement is one in which a company contacts a consumer because it is concerned about the customer's level of play.
- A reactive interaction occurs when a company responds to a customer's inquiry.
Unsafe Gambling Consequences
Problem gambling can have a wide range of consequences in a person's life. Issue gamblers are more prone than others to have low self-esteem, acquire stress-related diseases, become worried, have poor sleep and appetite, develop a substance abuse problem, and suffer from depression, according to the Royal College of Psychiatrists.
According to research, there is a substantial correlation between gambling problems and thoughts of suicide: more than twice as many persons with gambling problems report they have pondered suicide as those who are not affected by gambling.
Fully aware of the importance of safer gambling and gambling responsibility overall, AskGamblers has introduced a Responsible Gambling Tab to its online casino reviews to help players get an even better perspective on the casinos they aim to try. Check out the feature!
There has been a steady rise in both virtual reality and mobile gaming. For online casinos, cryptocurrency is the currency of the future. There are no geographical restrictions as everyone can play from wherever they want. Aside from providing a high level of customer service, rewards programs, and incentives, the primary motivation of the online casino industry is to give players the best gaming entertainment.
The trend is to mix the best of interactive online gaming systems and technologies with the traditional charm of the older live-based casino.
Continuing these casino and gaming industry trends in 2022 will make internet gaming even more automated, safe, digital and virtual, and a whole lot more enjoyable. If you want to know everything there is to know about online casino entertainment, stay with us to experience online gambling perfectly!