2020 was a challenging year that produced many innovations and creative solutions in the gambling industry. Looking to the year ahead, what big changes, if any can be expected to emerge?
2020 saw a massive upturn in online gambling revenue due to the global pandemic which caused mass closures of land-based casinos and betting offices. Naturally, gamblers flocked to online alternatives creating an industry boom that will have far-reaching effects into 2021 and beyond
Mobile gambling’s accelerated evolution
Mobile gambling has been popular with punters ever since the first generation of smartphones and portable smart devices emerged. In present times, the practice is very common and the technology has grown and improved by leaps and bounds.
The latest data indicates that over 50% of gamblers have used their mobile phones to visit gambling sites or use gambling apps. The impacts of the pandemic aside, gamblers have been drawn to the technology because it is more accessible, simpler, and faster than other methods.
E-sports will upgrade its offering
While e-sports has always held a large fan base, it gained exceptional ground in 2020 thanks to the relative rarity of traditional sporting competitions over the year. Many sports betting enthusiasts found themselves drawn to Bet365 where e-sports wagering was in full swing. The result was that the e-sports industry gained a much wider audience and increased interest. Looking to the future, developers are likely to adjust their offerings to cater to a diversified audience and competition organisers will likely make sure that events are more spectacular and appealing.
Crypto’s rise will continue in 2021
Bitcoin and other cryptocurrencies emerged as notable gambling trends in 2019. Today, every tenth online casino accepts crypto as a transaction option. 100% of crypto-run online gambling sites in Australia were launched in 2020, so the rise of Bitcoin gambling in 2021 is assured.
Among the reasons to switch to crypto, gambling is the relative fortitude of Bitcoin which is stronger than any major global currency. Other vital benefits include the use of e-wallets to make crypto transactions, guaranteeing secure, and mostly instant transactions. The added layer of security that comes with e-wallets also further guarantees your anonymity online.