What is 2020 bringing to the online casino industry
For the past 20 years, online gambling has continued to grow into one of the biggest industries in the world. And, this is thanks to the ever-advancing internet and technology. Currently, there are thousands of online casinos with millions of users worldwide. Thus, it is expected to be worth as much as $60 BILLION in 2020.
Each year guarantees new technological innovations as well as fresh ideas. With this said, there will certainly be a lot to look out for in the next year. And, if you are interested to know which they are and how they can change the online casino industry, we have listed some of the most exciting trends you can expect as we slowly approach 2020.
More Blockchain Casinos
If you are new to the term, blockchain is run by a network of computers unowned by a single organization. It is a record of non-editable data, time-stamped, secured, and are bound to the other with the use of cryptography. Blockchain allows you to make safer and faster transactions without the need of providing sensitive information. Thus, there have been a number of casinos that utilize such technology. And, they are called Blockchain casinos.
Blockchain casinos have a decentralized system that prevents them from accessing and manipulating data. So, each game they offer is fair and transparent. They can keep records of all the bets you made and the games you played. These records can be used to keep track of all winnings and to see if they are paid out accordingly. There are only a handful of blockchain casinos at the moment. However, this number is expected to grow next year. Just remember, not all sites can be trusted. So, to guide you, check out an online casino comparison website Casino Lista and learn how to determine reliable and trustworthy casino sites.
Virtual Reality (VR) and Augmented Reality (AR) Casinos
VR allows you to be in a completely new space and environment, and it is expected to change your usual online casino experience. There are some casinos that have been using VR already. With their sites, you can use VR to explore a virtual casino and play the latest VR-adapted casino games like slots and VR poker. But soon, more online casinos are expected to see the potential of VR and hopefully apply it t their websites. Who knows maybe next year we can play face-to-face with other players, throw virtual dices, and interact with people just through a simple VR headset.
Then, there’s AR which uses an existing environment and places new images on top of it. This technology is popularly used in the game Pokemon Go, and it is set to make its way to online casinos as well. AR can allow you to enjoy your games in a different way and meet other users in a 360-degree virtual experience, which is the closest you can get to a real casino. You will be able to see tables, staff, dealers, other players, and what an actual casino looks like.
More Payment Options
New payment methods are introduced to the market every year. And 2020 is no different. Soon, you can expect to deposit and withdraw your money through payment solutions like Google Pay or Apple Pay. Furthermore, cryptocurrencies are getting more popular as well. Many online casinos already allow you to use crypto-deposits. And, surely, more casinos will follow.
In 2020, it is expected that more states will allow online gambling within their territories. And, there will be more laws and regulations as well. To give you an idea, the Dutch gambling market will soon be available as the Netherlands has opened its doors to foreign operators. Also, since the European Organization for Gaming Law aims to bring changes to its anti-laundering laws, online casinos will be under stricter control. And, casinos may be even required to obtain additional licenses.
To conclude, you can expect to see tremendous growth for the online casino industry in 2020. While most of the listed trends have been present for some time now, they are set to start gathering more attention in 2020. So, you can guarantee a more exciting and fun casino experience next year!
Article by Maurielle Rivera
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