How Much Did The Online Slots Industry Grow in 2020?
Maksym YushytsynIn recent years we have seen online casinos grow gradually. We have also witnessed several new online casinos open which means the demand for online gambling is high. The best online casino sites demand is also expected to continue growing which is so apparent with what we see happening globally. However, for these new casinos to grow and become a brand name they have to be reputable by avoiding any form of fraud.
There have been a lot of transition since the introduction of internet in gambling. In a traditional setting, a player used to visit a local casino for a chance to play games like Roulette or Blackjack. This was a bit tricky as there wasn’t much convenience. Since casinos embraced internet, things have changed as such games can now be accessed anywhere and at any time. We appreciate very much what the technology has brought forth in gambling. It has made the gambling industry to grow rapidly. Nowadays with your mobile device you can access a wide selection of favorite games from several online casino providers. You can access some of the awesome slot sites at Zamsino.
These sites have been seen to provide much more to their clients on their platforms. With new online casinos on a fast rise, players expect a great gaming experience that is accompanied with attractive prizes. Most of the slot games provided by most of the casino sites are designed with progressive jackpots to be won which can change the life of players. In 2020 we have also seen live casinos on all new casino which has made the online slots industry grow. With live casinos, players experience the atmosphere of real casino with real live dealers to interact with.
As a casino owner, it would be best if you included digital marketing to your plan. It helps you connect with different gamblers and players. If you are not yet sure about it, you can check out a few digital marketing trends in 2019.
2020 and beyond Forecast
Between 2019 and 2024, the online gambling industry is expected to grow at CAGR of 8.1%. The biggest growth being the online casino sector. During this duration, it has been forecasted that there will be a total of $525 billion global revenue that will be generated from the casino industry. Much of this growth is because of the online gambling on slots, increased internet breakthrough, the rise of VR, as well as improved infrastructure in different places of the world.
This has already been experienced in 2020 online slots. Besides, we have seen increased number of female gamblers and there has been several countries that have legalized online gambling. All this developments in infrastructure in technology equally give gamers a chance to turn eGaming into a profession.
There are huge companies that have dominated the online gambling industry in 2020 and the same is expected in the coming years too. The Kindred Group is one of the largest online casino companies that dominates the industry with more than 11 brands in the market. Some of them include 32Red which has been in the industry for some time and is well-known all over the world. Others which have made contributed to the growth of online casino slots in 202 include Bingo.com, Casinohuone, MariaCasino, Kolikkopellit, iGame, Vlad Cazino, RoxyPalace, Strorepiller Storepelare and not forgetting Unibet.
Bonuses and Promotions
Online casinos have increased which means that this is a market that is highly competitive. In 2020, most of the new online casinos came up with wide selection of games accompanied with lucrative bonuses. This has attracted several players on their platforms to stake on online slots making the industry to grow. There have also been additional a steady stream of attractive promotions including loyalty programs that have enticed players to join. With a variety of online casinos to choose from with a wide selection of games accompanied with bonuses and promotions, finding the right one in 2020 has been a hard task to new players. There are a lot of things players have to consider when selecting the best online casino in 2020. These might include legality, reputation, the game selection and many more.
Introduction of Hybrid Games, Augmented Reality and Virtual Reality
The introduction of hybrid table games has attracted a number of online casino players which has made them remain engaged on online casino platforms. This is basically the land-based and online casino games combined as well as the live dealer on board. There is also a possibility of adopting the skill-based casino games. This is the latest online casino technique which features games have the player’s skill as a dominant factor as opposed to chance. This might be introduced in the near future for gamers who prefer engaging as well as immersive gaming content.
Using AR as well as VR modern technologies have also seen the growth of online slots in 2020. The Augmented Reality (AR) is a method that features the use of transparent display or the projection technology so that the digital content or virtual images can be overlaid. Virtual Reality (VR) on the other hand is basically a technology that features multi-projected environments so that there are realistic images, sounds and some other sensations.
Online casino in the UK
Gambling industry in the UK is so far one of the most advanced as well as well-regulated compared to top most gambling countries. With advancement in technology as well as much ease in accessing the gaming content, the online gambling in the UK has grown at a rapid state and is poised to continue growing.
Online casino was legalized in 2005 in the UK and since then, the UK gambling scene has experienced a steady increase from 9.7% in 2008 to a greater 17% in 2018. The figures which are released by the Gambling Commission is expected to be higher in 2020 and in the coming future.
Online casino in Southeast Asia
In recent days, we have seen Macau overthrew Las Vegas to become the city that has the most revenue generation obtained from casino games. Even though the land-based casinos in Macau and some other regions in Southeast Asia have spearheaded to the illegality of online gambling, most online casinos have been adopted by new players. With improved internet connection in most of the regions, content that is mobile-friendly and the availability of amazing bonuses, free spins and no deposits, 2020 has seen the growth of online slots in Southeast Asia. The trend is also expected to grow in the near future.