Ever since the coronavirus pandemic caused casinos to close, the online gaming industry has been growing. In fact, statistics from Business Wire predict that the market will see a 7.13% increase between 2020 to 2025, becoming a $66.994 billion industry by the end of that forecast period. In addition to increasing interest in online gaming, better internet connectivity has made virtual casinos more popular and accessible to veterans and amateurs alike. However, there’s more to these online casinos than just convenience. Below are some of the key reasons:
Use of cryptocurrency
Among the typical payment methods are credit/debit cards and PayPal. However, it can sometimes take some time to deposit your funds and receive your winnings. When using credit or debit cards, for instance, it may take up to a full day before your payment is reflected in your account and it can take a maximum of a week to get your winnings. On the other hand, cryptocurrency can give you hassle- and wait-free transactions. Using cryptocurrencies allows for both instant account credit and the instant withdrawal of winnings. Among the different types of cryptocurrency, Bitcoin and Ethereum are the most popular as an investment, and are becoming increasingly used as forms of payment in casinos. Some casinos accept other cryptocurrencies like Binance Coin, EOS, and Cardano.
Wider selection of games
The main difference between brick-and-mortar casinos and online casinos is the number of games they offer. For example, while a physical casino can hold an average of 250 slot machines, they won’t be 250 different slot games. On the other hand, the selection of slots on Gala Casino offers more than 500 titles that cover many different themes and genres. These range from the traditional slots found in casinos to official movie tie-ins and titles based on figures from pop culture. With online casinos, you also don’t need to wait your turn to play, and new games are frequently added to give players even more choice.
Adoption of live casinos
Though online casino games have certainly evolved to be more immersive and visually appealing, they still can’t match the excitement that brick-and-mortar casinos offer. Fortunately, there are now live casinos where you can play roulette and card games like poker and blackjack in real-time with human dealers. Established online gaming company Evolution Gaming is one of the world’s leading software providers for live casinos. Aside from the classic games like baccarat, poker, and blackjack, they also host modern games like Deal or No Deal and even Monopoly Live. This allows players to play their favorite games at home, but still keep the social element of a casino.
Availability of smartphone gaming apps
While stay-at-home protocols have given people more time to try online casinos, it’s worth noting that there’s a preference for smartphones over laptops. There can be a few reasons behind this — for one, smartphones are easier to carry around compared to laptops, so you can play while going from one room to another at home. Some online casinos also have mobile-optimized apps, so they become easier to access once you’ve downloaded them. The games are coded specifically for mobile use, so you can expect stellar quality graphics, sound, and gameplay at your fingertips.
None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.