The online gambling world is expected to grow significantly as the years go by, with brand new casinos featuring fresh content, jumping on the bandwagon of the latest market trends, offering wonderful unique game mechanics/features, bonuses, and overall providing an improved gaming experience. Read More →
Throughout the years, the gaming and gambling industry has undergone several transformations. In this modern day and age, these various changes remained and even evolved to include cool technological advancements.
When the world's first Bitcoin casino Cloudbet launched back in 2013, it became extremely popular for customers who mainly want to use cryptocurrency for nice perks including anonymity and instant withdrawals, among others. With that said, more good things lie ahead for the future of cryptocurrency casinos.
Trends and Factors that Impact Growth of Online Casinos
Online gambling is a market that will regularly and rapidly grow, and this trend will continue to go on in 2022.
Insights on the global online gambling market worth is expected to grow from US$75 billion in 2021 to $127.3 billion by 2027, equivalent to a compound annual growth rate (CAGR) of 11.5% from 2020-2027, according to a report by US-based market research company Grand View Research. The increasing use of mobile devices to play at online casinos is also expected to grow due to the massive ownership of hand-held smartphones.
Factors that also contribute to the growth of the online gambling market include faster Internet speeds, more female gamblers, and more countries/territories finally allowing online gambling in their gambling laws. After the Netherlands passed a new gambling law that allows online gambling activities after years of restriction, hundreds of online casinos are applying for a license in the country to further expand their reach. It is also the same in the German gambling scene, as the country passed the new Gambling Act (German Interstate Treaty on Gambling) in July 2021 in favor of online gambling. It is predicted that in 2022, more than 60 countries will change their laws to allow online gambling activities.
Cryptocurrency will Dominate the Gambling World
Cryptocurrencies will continue to dominate the world of gambling, with several online casinos accepting crypto this year. These days, many people enjoy and prefer using Bitcoin and other crypto to transact their deposits, withdrawals, and fund online gameplay mainly because of anonymity and security. Of course, traditional payment methods would still remain as an option for the biggest gambling websites, but nowadays, cryptocurrencies are slowly replacing these old methods because many just prefer staying anonymous and untraceable, especially when it comes to gambling, an activity that may be a sensitive matter for most.
Moreover, the added security of using crypto makes customers feel more comfortable since hacking and identity theft are minimized. Thus, crypto has become the leading and preferred choice for many modern gamers, and its popularity and usage will only continue to be this way for the coming years.
In summary, these are the benefits players get when they use crypto at online casinos: not having to fill out and share any personal sensitive details and banking information thus avoiding identity theft, significantly lower fees than traditional payment methods like e-wallets or bank transfers, and instant processing of deposits and withdrawals.
Mobile Gaming is the Future of Online Casinos
Thanks to the quickly-evolving advancements in technology, hand-held devices have become an essential part of our lives these days as it enables us to communicate with others in real-time. The same goes for being able to do other activities with our smartphones, including being able to gamble anytime anywhere. Therefore, having the opportunity to gamble or play your favorite online casino games at your fingertips using your mobile phone is the future. Flash was officially shut down in 2021, and in response, online casinos are now developed with the newest and latest HTML5 technology to make them completely compatible with mobile and tablet devices as well as Android, iOS and Windows systems without sacrificing overall quality. In 2022 onwards, gamblers can enjoy playing their favorite online casino games using their mobile phones.
Visiting an online casino site with your phone's browser, such as Mozilla, Opera or Safari, is all that takes for you to start playing. Gone are the days you need to download additional software or applications that needlessly fill up space in your phone memory. Mobile-friendly online casinos in 2022 have easy-to-use and navigate platforms, immersive 3D animations and excellent HD quality graphics.
People actually spend many hours online playing mobile games. Which is why leading online gambling sites have joined the mobile bandwagon. Today, there are three options for online gambling: browser, download to desktop/laptop, and mobile gaming.
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Vavada Casino, launched in 2017 and licensed in Curacao, is a modern casino which has already made a significant impact in the iGaming space in a short time. Offering more than 5,000 slots from top software providers, it is a great playground for slot enthusiasts.
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Coins Game
Coins.Game casino is a new crypto casino that opened its doors in 2022, offering some unique features such as the coin drop in the chat and the Free JET Boxes. Players can mine their cryptocurrency, JET Coin, which can be earned by spinning the Wheel of Luck and it can also be swapped for other cryptocurrencies!
Coins.Game offers daily tournaments, free crypto wheel, free boxes, daily bonuses and rakeback, along with their VIP club which allows players to enjoy higher cashback, exclusive bonuses and more. More than 2,000 games await and players are sure to be entertained as Coins.Game is an all-in-one gambling site with casino, live casino and sportsbook areas.
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Booi Casino
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