The recent global epidemic of coronavirus propelled the popularity of online entertainment, namely, gambling. The global market for virtual wagering has hit $57.11 billion in 2020 and is expected to approach $100 billion by 2025.
Technological advancements and achievements in software development are fueling the gambling industry and spoiling players with an insane variety of game options. As the industry is gaining more acceptance and appreciation, gambling liberalization seems to be inevitable. Let's see what the future has in store for virtual betting on Campobet.
Changes of Regulations
It is expected that the legalization of virtual casinos will only be expanding in the nearest future, and even notorious casino prohibitors will let the ice break, accepting new policies regarding online casinos. The gambling industry is a powerful economic locomotive and an excellent job creator – this is an irrefutable fact.
Only in the USA, the gambling industry brings over $250 billion to the national economy annually, generates over $40 billion in tax revenues to federal, state, and local budgets, and provides nearly 2 million jobs throughout the country. To effectively recover from the recent global crisis, all other planetary governments will have to invent something to lift their economies out of recession, and universal liberalization of online gambling is one of the ways to do so.
Crypto Casinos Will Surge in Popularity
There are still only a handful of virtual casinos that accept cryptocurrency or try to cater to a cryptocurrency niche, but the number of crypto-friendly gambling sites is bound to grow in the not-so-distant future.
Cryptocurrency and online wagering seem to fit each other very well. That can facilitate transactions and dramatically simplify the procedure of depositing and withdrawing funds. More importantly, the acceptance of crypto payments will allow e-casinos to attract players who would otherwise not be able to play. That is because many cryptocurrencies offer players complete privacy, enabling them to place bets wherever they are without facing the risk of sanctions.
It is also expected that many casino websites will employ blockchain technologies, which will drive more transparency to the casino activities and boost their security.
More Value for Players
An obvious distinction between web-based casinos and brick-and-mortar venues is that the former offer incredible bonuses for players of different levels. It is not uncommon for sportsbook websites like Campobet to offer a 100% match on the first deposit for casino games, along with throngs of other lucrative perks that will make your betting sessions ultimately worthwhile.
As the competition in the sphere will get even more aggressive in the observable future, virtual casinos will have to introduce a new stimulus to attract and retain clients, as well as to lure customers from physical casinos to digital space. This means that the bounties and perks of online casinos will only become better and better.
AR and VR
Live dealer games revolutionized the online gambling industry. As the technologies are ever-evolving, we can see in the future that AR and VR will become an integral part of Internet casinos. The cost of equipment is falling, which will ultimately increase the popularity of VR casino games.
Development studios like Nintendo are already producing virtual reality headsets for more exciting gambling times. More powerful smartphones also mean more users will be able to handle augmented reality applications. The integration of AR and VR technologies will help casinos provide a more immersive experience during live dealer rounds, which can appeal to a broader audience of gamblers.
The gambling industry is striving to offer more excitement and thrills to players. One of the ways to do so is by adding new features and elements to the games. Casino software developers will include more bonus levels in their products to let players polish their skills and get an extra dose of adrenaline.
Perhaps, casino games will be loaded with adventure/arcade features where a player has a mission to complete (such as beating a final boss) while playing casino games as a side quest. Making online casinos more interactive and action-packed will be one of the main priorities for providers because the popularity of virtual casinos is increasing at an astronomical pace exactly with the younger generation of players.
The online gambling industry is bound to many positive changes soon. This may even dethrone traditional gambling because, for a certain cohort of gamblers, online casinos have already become the № 1 option for entertainment.