Experts forecast the online casino industry to grow around 12 percent each year for the next six years. Companies continue adopting new technologies, including Virtual Reality and Augmented Reality. They also embrace cryptocurrencies for their security, anonymity, and operational support. This approach helps people living in regions with gambling restrictions. The online casino industry will also expand through several other innovations.

eSports betting

There is expected to be significant growth in the integration of eSports betting at online casinos. There has been a crossover between sports and casinos for some time, with bwin, the premier sports betting platform, launching its online bwin casino in 2001 which has a strong presence in central Europe and a licence in the US state of New Jersey and more recently Russia. eSports betting will not be just for traditional sports but include professional gaming tournaments like the League of Legends.

Wider acceptance of cryptocurrencies

Cryptocurrencies are convenient and secure and have been working well for many online casinos. The industry predicts that more online casinos will embrace cryptocurrencies which over time are likely to replace old methods of payment. The benefits of increased safety from identity theft or hacking plus anonymity will drive the change, with some online casinos offering generous bonuses to those playing with crypto funds.

Mobile gambling

Online casinos are accessed by smartphones by the majority of players, and the online casino industry growth is driving this trend to increase even more in 2021 and beyond. Software developers focus on creating HD games for gaming apps that match the quality of casino games. To encourage new players to online casino sites, online casinos will continue to add free-to-play (F2P) games for entertainment, with some players expected to become paying clients in the future.

Virtual Reality (VR) and Augmented Reality (AR)

Virtual reality software has shaped the gaming industry for over a decade. VR will offer a more immersive casino experience at home. VR and AR are expected to grow further in the industry. AR will provide players with a 3D, 360-degree gaming experience. Players can join online tables with live dealers and real-time chat.

Slot Machines with skill

In another attempt to encourage younger players to sign up, the casino business has started to include a skill requirement in slot machines that will attract those who have been used to Xbox and Playstation gaming.

Smartwatches offer iGaming Experience

The smartwatch industry is worth around USD33 billion worldwide. Casinos are eager to connect with this market. Betting is already possible on smartwatches. Wearable technology will remain popular as developers create new games for these devices.