How eSports Affected the Online Casino Industry?
Bogdan LashchenkoMost digital industries are experiencing a lot of change due to technological developments and the effect of the pandemic. The esports and online casino sectors have particularly witnessed significant changes since 2020.
eSport titles are gaining more popularity among gamers, developers, sponsors, and organizers alike. As a result, esports tournaments are the new big thing in the sports arena. Online casinos like Nitro Casino and sportsbooks are beginning to offer esports betting services.
Between the two industries, esports seems to be receiving more changes, to the point that it is influencing the online casino market. From the age of PC and console gaming to the most recent cloud gaming, the esports market has seen revolutionary changes.
This article discusses how the esports industry has influenced the online casino market.
Contributed to the Development of Professional and Active Players
This is probably the biggest influence that the esports sector has had on the online casino gaming industry. Although casino gambling existed long before the advent of esports, it was more of a leisure activity.
Casino gaming was more of a routine sport borne of leisure with no real motivation. While players still earned good money from the online casino market, it was never a competitive space.
However, with the rapid growth of the global esports market, the entire online gaming perception has changed, including online casino gaming. As we all know, sports have the capability to bind people from all over the world in a moment of fun.
When esports betting became a real thing, gamers from across the world began coming together for organized gaming events that fans could wager on. This has the effect of encouraging competitive gaming, hence the rise of professional online gamers.
We are just beginning to witness the same happening in the online casino market. Organized professional competitive gaming is about to become the next big thing in the industry.
More Financial Opportunities
As esports and online betting expands, there is more money to be made. The esports market has already amassed well over $15 billion and counting. Most of this cash is coming from the online betting facet of the esports market.
As such, online casino operators with complementary sportsbooks stand to make real money from the thriving esports sector. The same applies to gamblers looking to grow their revenue by tapping into esports betting.
To benefit from the esports betting cash bonanza, all you need to do is sign up with an online casino sportsbook with lucrative odds and safe payout services. You want to be certain that you can withdraw your money with ease whenever your esports team or player wins.
It is also advisable that you choose a reputable online casino bookie for your esports betting journey. This way, you will be more comfortable knowing that you are well protected.
Attracting a Younger Audience
We can all agree that the conventional sports betting market was filled with an older audience, who often wagered for fun. While this is not a bad thing, an older audience does not have an active impact on the industry.
Fortunately, the introduction of esports and computer gaming has attracted a younger audience into the sector. As a result, young people are beginning to take an interest in online casino gambling.
This has the impact of pushing online casinos into the age of growth, which could have taken longer to achieve with an older audience.
It is worth mentioning that the young generation tends to have a short attention span, and without a wide variety of casino games, it would be hard to retain them. Therefore, online casino operators and developers are now diversifying their game collections to offer more thrilling and immersive titles.
Enhanced Security
Now that there are more people interested in esports wagering, it only makes sense that online casinos will have to improve their services, including security. Virtual casino bookies are set to witness an upsurge in their transactions as more people turn to esports betting.
The growing pressure on casino operators has necessitated the availability of multiple payment options to cater to different customer preferences. Today, you can use any valid online payment option, inclusive of cryptocurrencies to transact with online casinos.
One thing about modern payment options is that they come with next-level security protocols. Take crypto, for instance, which is powered by the novel blockchain technology.
In addition, online casinos are beginning to take player data protection more seriously by adopting advanced security measures such as 2-factor authentication, SSL encryption, and firewall security.
Fewer Limitations
eSports gamers are not faced with the limitations associated with traditional gaming where one had to travel long distances to play games or participate in tournaments. Today, it is possible to do that remotely from the comfort of your home, thanks to the internet and technological advancements.
Again, you do not need to have specialized hardware to participate in esports gaming due to the advent of cloud gaming. This way, anyone can access the online gaming space with much ease.
Who would have thought that it was possible to participate in a competitive tournament from miles away? In the same way, online casinos are accessible to gamers from around the world because their games are equally cloud-based.
By eradicating time and geographical barriers, more players have been drawn to the virtual gaming world. All you need to participate is a computer/smartphone, and a fast internet connection.
The Way Forward for eSports and the Online Casino Sectors
From the discussions above, it is clear that the two industries are connected. Each has a significant influence on the other, which means that changes in one will have an impact on the other.
The two entertainment markets are gaining traction among the younger generation, necessitating more innovative solutions. As such, the virtual gaming market is set to experience more innovative and revolutionary changes.
We can confidently say that developments in technology have had a great impact on the growth of both sectors. The key technologies that have facilitated virtual gaming and gambling include the internet, mobile technology, data protection, artificial intelligence, 5G network, blockchain technology, and crypto just to mention a few.
However, a collaboration between the two sectors will also attract more stringent regulations due to the gambling aspect. The laws in place to protect vulnerable players from the gambling menace will have a real impact on esports betting.
Bogdan Lashchenko – content manager at EgamersWorld.Bogdan has been working at EGamersWorld since 2023. Joining the company, he began fillin the site with information, news and events.