Speaky Magazine
  • Home
  • About
  • Celebrity Gossip
    • Scandal
  • Lifestyle
    • Shopping
    • Fashion
    • Wedding
  • Tourism
    • Places
  • Trends
    • Opportunities
  • Renovation
    • Exterior Design
    • Interior Design
    • Garage
    • Gardening
  • High Tech
    • Devices
    • Digital Marketing 
    • Internet
  • Games/Sports
  • Vehicle
  • Well-being
    • Diet
    • Exercise
    • Fitness
    • Healthy Food
    • Natural Remedies
    • Spa
    • Yoga
  • Write for us
  • Privacy
  • Contact US
Home  /  Trends  /  What Factors Drive the Growth Of Online Gambling?

What Factors Drive the Growth Of Online Gambling?

Alonzo Walker October 23, 2020 Trends Leave a Comment

The online casino industry has grown exponentially since the first online casino games were launched in the mid-90s. What started as a few poker rooms on the internet has grown into an $80 billion dollar industry, with no signs of slowing down. In fact, all signs point to the online casino industry growing ever bigger.

However, to determine the exact factors that drive the growth of online gambling, we have to consider numerous factors, which may be wholly unrelated to each other in some cases.

Because we’re examining the global casino industry, we need to examine player gambling trends across regions, shifting government policies regarding casino industries that can help or hinder casino operators, and internet technologies that online casino operators have adopted.

apps

Table of Contents

Toggle
  • Preferred casino games across hemispheres
  • Rise Of Mobile Casinos
  • BlockChain And Cryptocurrencies
  • Virtual Reality Slots
  • The future

Preferred casino games across hemispheres

Western casinos are typically associated with card games like poker and blackjack, roulette wheels, craps tables, and to a degree, slot machines. While slot machine games generated $10,876.7m in 2019 in the United States, Americans actually spend almost 7x more on other types of casino games.

The stats for casino floor action in-game popularity are:

  • Blackjack 31%
  • Roulette 24%
  • Casino table games 21%
  • Baccarat 9%
  • Craps 6%

However, we are speaking specifically about physical land casinos, and so the stats vary for online casino games, which are of more variety due to technology.

For example, in the state of Pennsylvania, revenues from six online casino slots outpaced physical table games in the state’s twelve casinos.

Purely speculative theory, but land casino visitors may enjoy the social excitement that occurs at table games but prefer the solo-player slots online. Online casino operators like Casumo casino offer 3D slot games with progressive gameplay highly similar to video games, which may resonate with young adults globally more than traditional table games.

In Asian countries, the legality of casinos, and gambling in any form, can vary widely. Thailand only allows horse racing and government-sponsored lottery, for example, and online casinos are outlawed in South Korea, and while tourists are allowed to visit land casinos, South Korean citizens are prohibited.

The Philippines, on the other hand, has the highest number of online casino operators in all of Asia, and Macau has the most land-based casinos.

Japan has only recently relaxed their strict laws on casino operations, but the country spends over $200 billion per year on Pachinko machines, which are similar to western slots. Japanese law did not consider Pachinko machines as gambling, even though they may include cash prizes, and often do.

A joint report led by AlphaBeta Australia and Australia Pty Ltd., an Australian credit agency, has uncovered a 67% expansion in online gambling in April 2020. As physical casinos were shut down due to the global pandemic, it increased more demand for online casinos.

Rise Of Mobile Casinos

Increasing internet users on smartphones is changing the online gambling market. These clients use cell phones to play gambling games and bring in genuine cash. Online gambling providers in the market are focusing on attracting web-based media stages, for example, Instagram, YouTube, and Facebook, to pull in new clients.

The development of portable gaming can be connected to the increased hype of social gaming. Gamblers have discovered online gambling to be more interactive and dynamic, which has resulted in many to build up an affection for it. Why not simply gamble on the go?

BlockChain And Cryptocurrencies

All throughout the history of online casinos, one of the primary concerns among players was identified with the security of their own online transactions.

Digital forms of money have become the standard today instead of an exception. With blockchain and cryptocurrency, installments have gotten more secure and quicker.

Although conventional types of payments will stay a centerpiece of online gambling, it is normal that cryptocurrencies will gradually take over these old frameworks of transactions with time.

Virtual Reality Slots

Virtual reality slots are changing the game. Software developers have perceived the potential that virtual reality has, and there have been several notable experiments at constructing virtual casinos. It’s a niche market for now, but may become more popular as virtual reality technology advances and becomes popular in the mainstream.

The future

In 2020, facial and gesture recognition is foreseen to develop, which will additionally drive the development of online gambling. This will be tied into the augmented reality sector, which may become mainstream in the next 5 to 10 years, according to some predictions.

Imagine yourself turning the roulette wheel, physically pulling switches of gambling machines, or signaling whether you might want to fold or bet at a virtual poker table. These are only a portion of the ways that facial, motion, and voice acknowledgment is being utilized for online gambling.

With such innovation, players can even create custom avatars that include the gambler’s facial features. As innovation keeps on advancing, it is normal that this advancement will keep on affecting the gambling business to offer clients a more dynamic and exciting gambling experience.

Previous Article
Next Article

About Author

Alonzo Walker

Meet Alonzo, a talented writer with a passion for storytelling. With 7 years of experience, he brings a unique perspective to every piece.

Related Posts

  • What is the disposal method for batteries?

    Eco-Friendly Disposal Methods for Old Power Tool Batteries and Components

    January 22, 2025
  • How to reduce territorial aggression in cats?

    7 Proven Ways to Reduce Inter-Cat Aggression With Environmental Changes

    January 2, 2025
  • Why choose engineered wood flooring?

    Why choose engineered wood flooring?

    December 20, 2024

Leave a Reply

Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Search

About Speaky Magazine

Speaky Magazine was founded in January 13, 2018; more than 1 and half yeas ago. The context has changed, although the basic concern remains: to guide the reader through a trends perspective of reality (local and global), helping him to form an informed, well-founded and mature judgment on the issues discussed in society. In other words, contribute to the formation of a conscience capable of discerning.

Read more…..

Write for Speaky Magazine

We are looking for writers, bloggers and journalists to write unique and useful articles about lifestyle and daily trends. Topics include: Decor, small business ideas, sports, lifestyle, fashion, relationship, wedding ideas, photography tips, travel tips and many more.

Read more….

Popular post

  • UK Catering Industry Still Struggling with Post-Brexit Red Tape
  • Four of the Best Medium-Sized Vans
  • disaster-proof file storage methodsDisaster-Proof File Storage: Safeguard Your Data Forever
  • The Fire Safety Tips that Every Homeowner Must Know
  • AI apps helping refugees learn languagesHow AI Apps Are Helping Refugees Learn Languages: A Journey of Connection

Random Posts

  • Ray Dalio’s Political Affiliation: A Deep Dive into the Billionaire’s Beliefs April 10, 2025
  • Top 10 WordPress plugins to get rid of 404 errors August 2, 2019
  • Characteristics of a toxic man
    Boosting Your Sexual Health With Male Sex Supplements March 27, 2023
  • correct face mask
    How to choose the correct face mask September 18, 2021

Category Posts

  • What is the disposal method for batteries?
    Eco-Friendly Disposal Methods for Old Power Tool Batteries and Components January 22, 2025
  • How to reduce territorial aggression in cats?
    7 Proven Ways to Reduce Inter-Cat Aggression With Environmental Changes January 2, 2025
  • Why choose engineered wood flooring? December 20, 2024
  • Can wax be washed out of clothes?
    How to Rescue Your Wool Clothes from Candle Wax Mishaps June 7, 2024

Categories

  • Business
  • Celebrity Gossip
  • Devices
  • Diet
  • Digital Marketing 
  • Education
  • Entertainment
  • Exercise
  • Exterior Design
  • Fashion
  • Fitness
  • Food and Drink
  • Furniture
  • Games/Sports
  • Garage
  • Gardening
  • Gift Ideas
  • Healthy Food
  • High Tech
  • Interior Design
  • Internet
  • Lifestyle
  • Mountain
  • Natural Remedies
  • Opportunities
  • Pet Care
  • Places
  • Plumbing
  • Renovation
  • Reviews
  • Sea
  • Shopping
  • Social Media
  • Spa
  • Tourism
  • Trends
  • Vehicle
  • Wedding
  • Well-being
  • Yoga

Archives

  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • August 2012
Theme by ThemesPie | Proudly Powered by WordPress