According to a recent report by Statista, the global online gambling market is expected to grow to $92.9 billion by 2023. Online gambling is growing bigger year after year and it shows no signs of slowing down. It’s an industry that has evolved dramatically over the years and will continue to evolve in the future.
In the next few years, we will see many changes in the industry, some of which will be more noticeable than others. Here are five trends that are changing the face of gambling in Canada from 2022 onwards.
The Rise Of Online Casinos
Online casinos have changed the way people gamble on games like poker, craps, roulette, and blackjack. The ability to play these games at home or on a mobile device has made gambling accessible to many who were previously intimidated by it.
Online casinos also offer a wider variety of options than traditional brick-and-mortar casinos do, you can play against people from around the world while you are sitting in your pajamas eating cold pizza, or you can find a live game with real dealers and other players who you can see through a video feed.
Online gaming and casino sites have been around for a couple of decades now, but it is only recently that they have truly taken off and started to compete with brick-and-mortar casinos. Thanks to the rise of smartphones and other mobile devices, Canadians can play their favorite games from anywhere: on a break at work, while commuting home, or even while traveling abroad.
For some people, using a laptop or desktop computer for gambling is inconvenient, while others simply don’t have access to them. Moreover, people use their mobile devices much more often than computers these days. As a result, they are even more likely to start playing casino games on their smartphones or tablets while they are on the go or just want to kill some time.
Virtual Reality (VR) Gambling
According to 99Firms, virtual reality headsets will be used by over 171 million people worldwide by 2022. VR technology will allow players to enjoy a realistic VR casino games experience. For example, they can take part in VR slot games with other players via video conferencing software such as Zoom. Players can also enjoy virtual poker games that are hosted by real dealers who appear on the screen. This means that players will no longer have to visit crowded casinos and sports bars if they want to watch live matches with their pals.
Live Dealer Games Are Increasingly Popular
Live dealer games are not a new concept, but they are certainly gaining popularity in Canada. Their appeal is due to the fact that players get to interact with actual human dealers and other players. This makes the online gambling experience more social and more realistic. Live dealer games also offer players a chance to see that the game is fair. As a result, they can have some peace of mind while enjoying their favorite games.
Casino tech expert Daniel Bennet predicts that live dealer games will become even more popular in 2022, with many new innovations appearing on the market. New technologies will allow online casinos to offer even better quality video streams and new ways to interact with other players at the table. This technology is still very young and has plenty of room for improvement.
Many industry insiders predict that blockchain which is regarded as a new technology in casinos will fundamentally change the way games operate, creating more transparency and fairness for everyone involved. Players are excited about this trend because it means they will be able to look at a game’s history and see it was not tampered with by anyone. It will also help ensure players get paid promptly when they win big.
In addition, cryptocurrencies can be used as payment methods at some online casino real money games because they are faster than traditional banking options like wire transfers or credit cards. Withdrawal times are also reduced considerably when using crypto wallets rather than fiat money (cash).
While predicting future trends is always a risky business, we think it’s safe to predict that video and online gambling will continue to grow in popularity. Time will tell if our prediction will prove true, but it’s impossible to deny that betting on sports has become increasingly popular over the past decade, and it shows no signs of slowing down at present. That trend could very well continue into 2022 and beyond.