The Global Gambling Market Report 2021 shows that the recovery is well underway. The highlights of the report tell the story of the changing casino industry around the world, as follows:
By the end of the year, the global gambling market will reach $516 billion, despite covid restrictions.
The gambling industry has grown worldwide as online casinos accept various forms of currency, especially cryptocurrency.
The Asia-Pacific region is currently experiencing the biggest growth in online gambling, accounting for 38% of the 2020 market. Next comes North America, which accounts for 29%.
Online casinos and gaming
In fact, covid restrictions and social distancing, as well as remote working and restraint, have led to the growth of the online casino industry, especially in Sweden Bästa Casinobonusar. To this end, new casinos are thriving with new games and new gaming technology.
For example: one of the most popular new games in the online casino world is branded slot machines. Unlike traditional slot machines, which may include fun fruits and outdated numbers, branded slot machines are built around globally popular characters from TV shows, movies, music or books. Branded slots are statistically better at attracting casual players and players with little online gaming experience. Branded slot machines create a connection with casual players because of their familiarity with the theme, such as fans of Jurassic Park, Game of Thrones, Batman or World of the Wild West. They like to play slot machines that use these shows and films as well as the characters and storylines within them.
Gambling habits have also changed over time. The demand for gambling has increased as players have started using mobile devices as their primary device for online gambling, especially during times of covid isolation. Thus, gaming technology for new online casinos has advanced so that it provides enhanced features and a similar experience, whether players use mobile devices, laptops or desktops. Consequently, more and more players are moving to social casinos, where they share their activities and their achievements on social media pages. To this end, new gaming technologies have led to additional gamified social structures that offer better rewards and achievements that are easy to share via social media.
Casino markets around the world
Recent reports indicate that the global casino industry is expected to reach $159.3 billion in revenue by 2027. Asia Pacific is projected to grow at 4.5% over the next six years, with the United States projected to reach $68.9 billion in revenue. Canada and Europe are projected to grow by 3% and 3.3% respectively over the same period.
What are the most notable new trends in global casino markets?
Firstly, female participation in gambling is on the rise. More women than ever before are participating in online gambling, especially those related to the themes of popular TV shows, movies or music.
The online casino market is predicted to grow significantly because of the various payment methods and the large number of welcome bonuses they offer. This is especially true for online casinos compared to traditional casinos, as they must offer more attractive bonus structures and rewards to increase customer loyalty in a more highly competitive environment.
Slot machines and video game themes embedded in online slots encourage consumer gambling, especially among demographic groups of people who might previously have been considered casual players with very little familiarity with casinos.
In conclusion, the future of the casino and gaming industry seems bright and getting brighter. Trends still favour online casinos, but that could change as the world begins to recover from the effects of the pandemic. One thing is certain: casinos aren't going anywhere anytime soon.
