As the igaming industry continues to grow, companies must evolve to meet the needs of the modern day player. The TVBet team explains why it is crucial to keep an eye on the latest trends sweeping the sector.
A report from Grandview Research has predicted that gambling market is expected to reach $127.3bn by 2027, with an average annual growth rate of 11.5 per cent.
This growth forecast has stemmed from the growing popularity of online bookmakers and the “freemium online casino business model” that attracts players with no deposit bonuses. This has been fuelled further by the large adoption of smartphones and low-cost internet data plans which are driving the market towards potential growth.
At the same time, nothing stands still; many areas are being transformed and modernised under the influence of time, the demands of society, fashion, etc. The igaming world must also evolve and meet the needs of the players.
So as we edge closer to the end of a year, we wanted to look at some of the trends across the igaming space – highlighting what we believe to be the biggest disruptors in 2022.
Legalisation becomes more crucial than ever
Scam casinos are now a thing of the past. 20 years ago, online gambling was in its early stages, and licensing and regulators weren’t as prominent as they are now. Therefore, the very first gambling operators could freely change the odds of games, lie about the offered bonuses, or even refuse to pay large amounts.
Today, gambler cheating can potentially lead to a permanent ban or even imprisonment. There are dozens of institutions and bodies that are responsible for regulating gambling platforms and issuing licenses.
Many online gambling testing companies also check if the operator has tampered with the game algorithm. So, today and in the future, the license is a must-have of the casino or bookmaker.
In our opinion, the most highly respected and respected regulators are Malta Gaming Authority, Curacao Gaming License, UK Gambling Commission, and the Kahnawake Gaming Commission. But while the practice of local regulation is spreading more and more, in order to operate legally in a certain country, it will be necessary to get a local license.
Crypto payments are overtaking traditional banking methods
The adoption of cryptocurrency payments has long been driving further growth across the igaming industry. Ethereum, Bitcoin and other coins are now becoming a mainstream payment method across both casino and sports betting as most players choose to use digital money instead of e-wallets due to the benefits they offer.
Live dealer games will continue to become more popular
It goes without saying that TVBet is firmly in favour of live dealer games becoming ever more popular. But from an igaming industry-wide perspective, players are searching new ways to get the most realistic gaming experience – something we believe can be offered through live dealer games.
These types of games enable players to feel like they are in one of the most luxurious casinos, all from the comfort of their own home. Punters can chat with live dealers in an online chat and in some games, chatting with table neighbours is possible as well.
The organisers provide broadcasting from different angles and ensure great sound quality. All these features make games with live dealers so “real” – and for those who have missed the social aspect of brick-and-mortar casinos over the last two years, this is key!
It is worth paying attention to betting on live games with TV presenters from TVBet. Although the players cannot communicate with the presenters, they are nevertheless attracted by the online streaming format, which guarantees randomness and fairness of the outcomes as well as an extensive betting line which is, of course, a strong interest for our players.