The main trends of the iGaming Industry in 2022
The global igaming market will grow annually by an average of 11.5% and by 2027 its volume will reach $127 billion, according to the online publication CasinoBeats, citing the market research company Grandview Research.
According to the publication, such a growth forecast is due to the popularity of online bookmakers and the business model of online casinos freemium, attracting players with no deposit bonuses.
It has also been driven by the proliferation of smartphones and low-cost online data plans that are driving the market to even greater growth.
In the article, journalists compiled the most important trends that will help the gambling industry grow even faster in 2022 in order to better meet the needs of players.
Staking on legalization
Betting business legally remains a trend. This path of gambling actively began 20 years ago and remains relevant today. And in recent years, the fashion for legalized gambling has had its own renaissance.
In recent years, it’s been a trend to legalize gambling.
Today, fraud by players and operators can potentially lead to a permanent ban or even actual criminal liability. There are already dozens of agencies and bodies in charge of regulating gaming platforms and issuing licenses.
Many online gambling testing companies also check to see if the operator has interfered with the algorithm of the game. So, today and in the future, a license is a mandatory attribute of a casino or a betting shop.
The most respected regulators in this area are the Malta Gambling Authority, the Curacao Gambling Authority, the UK Gambling Commission, and the Kahnawake Gambling Commission, according to the publication.
But now the practice of local regulation is spreading more and more.
Therefore, in order to operate legally in a particular country, a local license must be obtained.
Crypto payments are overtaking traditional banking methods
Cryptocurrency payments have also begun to further the growth of the gaming industry. Ethereum, Bitcoin, and other digital coins are now becoming the main payment methods in both casinos and sports betting, as most players prefer to use digital money instead of e-wallets because of the benefits they offer.
Operators should turn their attention to digital assets in order to be on-trend and not lose a new generation of potential players.
Live dealer games will become more popular
All throughout the gambling industry, players are increasingly looking for new ways to get the most realistic gambling experience possible. Live dealer games offer just that.
Live Dealer Games give players the feeling of being in a luxury casino from the comfort of their own home. They can chat with the dealers online, and some games allow them to share their thoughts with their tablemates.
The organizers broadcast from different angles and guarantee high-quality audio to make the live dealer games realistic and provide an immersive experience. And this is very important for those who want to make up for the lost social aspect of leisure time at the casino due to the pandemic.
The organizers have a lot to do with the social aspect of the casino.