The casino industry has done a great job when it comes to switching to new technologies and experimenting with their options. They are one of the fastest-growing industries and there’s no doubt that they will jump on every new trend. The online casino business is very profitable especially nowadays when more people are spending their free time at home.
Some analytics value the online industry to reach $100 billion which is a new record compared to last year. In-person gambling is still much bigger because it has been here for hundreds of years, but that will change in the near future. It’s expected that online gambling in Singapore will reach over $400 billion by 2030 which is the value of grounded casinos.
Esports Gambling
Esports is about to change a lot of things in the gambling community because they are expanding rapidly. There are games like CS GO, Dota 2, and League of Legends on which you can bet on the most popular casinos and bookies. The whole gaming community is the new client for these websites which means that they will focus on them.
In a couple of years, there will be more gaming involved like you have many sports you can bet on. They are also working on making more bets available per match because it’s difficult to find a good solution for gaming.
But, sports like table tennis are very hard to manage for these platforms and they still have live betting on sports like table tennis. FIFA is another game on which you can bet and it doesn’t have as big of an audience as some other games like Fortnite.
Crypto Casinos
Cryptocurrencies are having their ups and downs this year but casinos are still working well. They were one of the fastest-growing industries as soon as people realized they could bet without providing personal information. The betting options were better because you can invest more in some games. The limits changed and the safety of the clients was their main point why you should switch to crypto.
One of the things that would help a lot is the regulation of these casinos. You will have to wait at least a few years for governments to regulate cryptocurrencies and how the bookies would use them. There is also a correlation between crypto and VR that will be used for gambling.
Augmented and Virtual Reality
Esports and crypto are here and you can use them for gambling but there’s a lot more work to be done that can’t be said for VR. Virtual reality gambling needs far more work because it’s a relatively new thing and there aren’t enough platforms supporting it.
Many people thought that the Metaverse is going to become successful and you will be able to buy virtual land where you can place a casino, but it turned out to be much more challenging than expected. Another problem is the user base which is way smaller than in crypto casinos.
A good VR headset is still expensive for many people and you need to get used to it. It may not be the perfect timing for this technology but it’s something that is inevitable. Once we have better resolution and cheaper headsets, you can expect more companies to jump on the opportunity.
Mini Gambling
Mini gambling exists in a few forms and it represents betting on things that are not as common as sports, slots, or table games. This may include gambling on who will win the elections or what will happen with crypto by the end of the year. This type of gambling exists but only for the things that the casino offers.
In the near future, you will be able to bet on many things in sports and outside of sports. For example, you will be able to bet that a certain player will tackle another or that an NBA player will get 5 technical fouls. This is very hard to optimize so it will be available when AI becomes more efficient which is expected to happen in 2023.