Recent Developments in iGaming

The iGaming industry is constantly evolving to fulfil people's desires and to follow the never-ending trends that new technologies are creating. These new technology trends are popping up at an unprecedented rate, with the intention to improve players' gaming experience.

Because of that, all companies that feature in the iGaming industry are doing everything that they can to keep up with the technological race. Each of these companies has a goal to provide the players with the best gaming experience, but at the same time to differentiate from their competitors.

In this article, we will put our focus on the recent developments in the iGaming industry and reveal what we can expect to see in this field in the near future.

Sports Betting

Sports betting has become a massive trend in recent years and today it is responsible for 49% of the total iGaming revenues. The global sports betting market is expected to grow up to $144 billion by 2025, which is why many online gambling sites have included a sportsbook in their offer.

So far this year sports betting has been on the rise and it will continue to grow more than the other fields in iGaming. The growth has little to do with the World Cup that will take in autumn, as the main reason is the U.S. sports betting market, which doubled in shares in 2021 and it continues to grow rapidly.

Online sports betting sites give the players a chance to wager on any sport that they like, with countless bet options to choose from. They have an option to place bets on pre-matches or even on live matches, which can be done through any device, including mobile.

The sports betting companies know how much popular their field is, which is why many of them have been involved in sponsorship deals in some of the leagues. With these sponsorship deals, they are reaching out to many potential players, inviting them onto their online gambling platform.

Mobile Gaming

Mobile gaming is a big part of the iGaming industry and it is an evolution in recent years. Experts in the field are convinced that mobile gaming is the future of the iGaming industry and that every online gambling site has to optimise its platform for mobile use.

Even the game providers have been developing their casino games with the latest HTML5 technology, which allows the players to access the games on any mobile or desktop device. Almost every newly released casino game has been developed with this technology, and it is very hard to find a game that isn't.

Furthermore, since 5G will be spread all around Europe, as well as in the more developed parts of the world, online gaming on a mobile device will be much easier and more seamless. To boost mobile gaming even further, many online casinos are offering exclusive welcome packages for mobile users.

The number of smartphone users in the world has reached around 7.2 billion this year, which is another reason why mobile gaming is and will be even more popular in the years to come.

Virtual Gaming

For many years, Virtual Reality gaming was mainly just a dream. But that all changed when a few online casinos introduced VR gaming, which allowed the players to follow every minute of the casino game as if they were at a land-based casino.

Up until now, VR gaming hasn't been a massive trend, but it is expected that in 2022 this trend will blow up. Today we have live casinos that allow the players to enjoy the live dealer games, where they can interact with the other players, as well as with their dealer or croupier.

In the eSports sector, the aspect of Virtual Reality makes the games more exciting for the players, as the gameplay is even livelier. It creates a mighty illusion of a real game, which makes the betting even more attractive. And as we get closer to the metaverse, we can be certain that VR gaming will be very much present in the future.

Crypto Payments

At the moment, cryptocurrencies are a massive hit in the online gambling industry. Bitcoin, Ethereum, Tether, and many other popular cryptocurrencies have been included as payment methods in many online casinos. Almost every new online gambling site is rushing to include crypto transactions.

As the cryptocurrency market is getting more and more popular, the number of players that are wagering at the online casinos with cryptocurrencies is rising. Thanks to the safety that blockchain technology provides and the instant transactions, cryptocurrencies are much desired to wager with.

Currently, there is no e-wallet that can match the speed of the deposits and withdrawals made with cryptocurrencies. It is also becoming much simpler to connect your crypto wallet in order to make a deposit, rather than using your real money from the bank account to start playing a casino game.

All of these great features that the cryptocurrencies have been used by the online casinos to attract new players onto their platforms. The anonymity that the players get from the blockchain technology, whilst wagering online, is one of the most important things for them.

eSports Betting

Betting on eSports has also been a big trend in recent years, but nowadays there are more betting options available and many new games are included, which makes the gambling experience even more exciting and the eSports trend even bigger.

The popularity of eSports has risen to the point where several TV sports channels have started streaming eSport tournaments and matches. Many experts believe that the eSports market shares will grow up to $2.89 billion by 2025, which is a serious sum for a betting field this young.

Another factor that adds to the rising trend of eSports is the increased sophistication of the traditional video games, which are many players' favourite games. With better graphics, deeper gameplay loops, and slightly more complex mechanics, the updated traditional games will make the whole game action more competitive and exciting.

Some of the most popular games that the players from all around the world are wagering on are League of Legends, Dota 2, FIFA, Fortnite, Valorant, Overwatch, PUBG: Battlegrounds, and some more.

Payment Methods

The payment methods that are available at an online casino are one of the key factors for the potential players to sign-up at the online gambling site. In fact, online casinos that are offering multiple payment options are more likely to attract new players than the online casinos with just a few.

Nowadays, every reputable online casino makes sure to include a large list of payment methods in their offer. The payment methods at a trusted online casino are usually e-wallets, credit and debit cards, mobile pay, bank transfers, as well as cryptocurrency, which we elaborated above.

Mobile payments are one of the best and most straightforward payment options that are available for online gambling. It is considered to be one of the safest options as no personal information is needed in order to deposit money into your online casino account.

However, this payment method comes with a certain deposit limitation, as your gambling bill will be added to your monthly phone bill.