The year 2022 will introduce a new era for online gambling and betting. Several emerging trends will become apparent and established segments will receive a visual overhaul, for the most part. There is much to look forward to in this industry, and the role of cryptocurrencies cannot be underestimated.
Online Gambling Continues To Evolve
There is constant ongoing growth and development in the world of online gambling. New technological trends will emerge and provide opportunities to enhance existing offerings or come up with entirely new experiences. Providing the ultimate gambling experience remains the top priority for all entities in this space, yet cracking the code will take a bit of time. The recent COVID-19 pandemic has been both a blessing and a curse for certain service providers, emphasizing the need to push the boundaries.
Brick-and-mortar casinos and gambling locations have seemingly lost a fair bit of traction due to the pandemic. Instead, overall interest in online gambling has spiked and may continue to note tremendous growth throughout 2022. If the current growth projections hold, the online gambling industry will reach a valuation of over $550 billion next year. So now is an excellent time to figure out the trends to look forward to in 2022 and beyond.
A Better Visual Experience
The first trend to look forward to in 2022 and beyond is rather straightforward. Casino games will undergo a visual overhaul courtesy of developers and providers. As a result, players demand more life-like experiences and more modern graphics.
As the quality of monitors and other screens improves, the visual overhaul will continue. A higher quality standard will benefit all parties involved and help blur the lines between the real and virtual worlds.
On the topic of visual experiences, there is a good chance VR and AR will continue to make their mark on the industry. Online casino companies and gambling providers acknowledge the potential of these technologies and how they can impact the overall experience. Sitting at virtual tables with real people and live dealers is an appealing opportunity.
The Role of Cryptocurrency Increases
One apparent trend in the online gambling world over the past few years is the incorporation of cryptocurrencies. Assets like Bitcoin provide a slightly more private appeal to gambling as no personal financial information is exposed during the transaction. Moreover, they enable peer-to-peer transactions, beneficial to all gambling types, including Bitcoin slots, sports betting, Bitcoin poker, Bitcoin dice games, etc.
That trend may not apply to just Bitcoin, either. Various casinos and gambling providers explore alternative cryptocurrency support, focusing on Ethereum and Litecoin. Faster transactions, lower fees, and popular networks will always prove beneficial. Bitcoin is neither fast nor cheap to use at times, paving the way for alternative crypto assets to make their mark on online gambling.
One intriguing development in the gambling sector is more opportunities to bet on eSports than ever before. While initially considered a niche market, the eSports industry captivates a growing audience. Some TV providers even provide direct access to eSports-oriented channels as part of their packages, creating a broader appeal to these competitive gaming environments.
Gamblers worldwide can now place bets on games including CS:GO, Dota 2, League of Legends, overwatch, Valorant, Fortnite, and many more. Using gaming knowledge to one’s advantage for monetary purposes can prove worthwhile for many gamblers, particularly younger generations.
There are many potential changes to look forward to for online gambling. Although significant progress has been made over the past decade, there is still much room for progress. Players’ interests continue to shift, and service providers have to catch up. Many improvements are coming next year and the role of cryptocurrencies will only become more outspoken.
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