2016 has been a great year for the multi-billion dollar casino online industry. Enormous growth has been observed and it is projected that the growth will continue in 2017. This will be facilitated by the surging number of new players, improved online gaming platforms and the increasing number of casinos. The year 2016 has seen new gambling regulations put in place, a factor that has facilitated good business for casino owners and security for gamblers. With the gambling revenue expected to rise to a whopping $533 billion in 2017, there is a lot for the casino online industry to gain. According to GBGC, online gambling will contribute about 10 percent of the revenue – about $50 billion.
Below are among the trends expected for the casino online industry in 2017
Further Rise in Mobile Gaming
More than 95 percent of online casinos are mobile compatible. This has made the mobile casino industry very popular. Today, not only is it easy to play on your smartphone or tablet but most casinos have developed mobile apps for the variety of games they offer. The demand for mobile casinos has gone up in 2016 and it is expected that most casinos will concentrate more on mobile gaming in 2017.
Virtual Reality Casinos
Though online casinos cannot replace social casinos entirely, the year 2016 has seen an improvement on how virtual reality casinos are offered. Just like players rushed to play live casinos, thousands of players online have gravitated to play virtual reality games making them ridiculously popular. Here, a player is able to interact fully with fellow players and with the casino staff. The games give players a sense of a social casino. In 2017, this technology is projected to be improved to offer a better and more personal experience.
Bitcoin Casinos on the Rise
The number of Bitcoin casinos had been predicted to go up in 2016. However, there are still millions of people who are yet to understand how crypto currency works. Bitcoins are becoming the modern form of online banking; a fact that online gamers should warm up to. Crypto currency is a better option compared to conventional forms of currency. Granted, casino online sites are incorporating Bitcoin depositing options on their system. As at December 2016, the number of Bitcoin-only online casinos has increased and this is only expected to go high to match industry trends.
New Gaming Technologies
Each year, new games are released and with them come new technologies. In 2015, virtual reality casinos were invented. In 2016, Augmented casinos came to play. Players can only expect for some better gaming technologies next year. User convenience is at the forefront in inspiring new technologies and in future, online gambling will be more automated.
Worldwide Gambling Legislation
With the rise in casino online gaming, most states are coming together to legalize gambling online. Though there are still prohibitions in most states in the US due to federal laws, most states are considering pooling their efforts to regulate gambling. Most European countries are legalizing gambling while Africa is opening up to online gambling.
So, What is the Future of Casino Online?
Even as all the above trends are expected, there are those aspects of the industry that will obviously be conspicuous; new variants of existing games will be released in different formats, new games will crop up, number of women playing online games will increase and the online gambling revenue will go up. The future of online casinos lie in new technologies.