The Global Gambling Report shows a significant increase in the popularity of virtual casinos and online betting. Analysts surveyed respondents from 13 countries and the majority of them favoured ungrounded gambling establishments.
Key points of the global report
The Global Gambling Report is based on a survey of more than 3,000 respondents. Around 1,000 of them are from France, Italy, Poland, Mexico, India, Singapore, Sweden, Denmark and Spain. And more than 2,000 players from the US, UK, Australia and Germany. According to the survey, 63% of respondents preferred playing on virtual platforms rather than visiting land-based facilities.
Moreover, the majority of gamblers are as follows:
India (76%);
UK (70%).
Italy (69%).
Only 58% of respondents from the US, Germany and Sweden also chose virtual gambling and the ability to bet online. Interestingly, 56% of Singaporeans also favour online gambling, although the gambling industry is officially banned in that country.
Experts attribute the growth in popularity of online gambling to the pandemic as well as new technologies that are increasingly being used by operators in gambling and betting markets. These include the development of mobile applications, various bonuses as well as advanced technologies that have made the online gambling market grow and develop at a rapid pace. As for the most popular gambling products,
42% of respondents prefer to buy lottery tickets online;
36% of people prefer to bet on various sports events online;
23% of respondents prefer to play at online casinos;
Only 13% of players said that they come to online casinos to play slot machines.
In addition, gambling analysts were also interested in respondents' attitudes towards gambling in general. And only 16% of people believe that operators are interested in responsible gaming principles and fight against addiction. Almost 25% of respondents are in favour of a total ban of the gaming industry worldwide.
Key segments of online gambling
According to H2 Gambling Capital experts, the structure of the market differed between 2018 and 2019. The largest share of the online gambling industry came from sports betting. At the time, betting accounted for 48.7% of the market, which translated into more than $19.5 billion in revenue.
In second place was the online casino industry with a 26.8% share and revenues of $10.7 billion, followed by lotteries (8.9%), poker (6.2%), and quests and loot boxes (5.1%). To date, the percentage of presence in the industry has remained virtually unchanged and is broadly reflective of the overall picture. Sports betting and online casinos are among the leaders.
Gambling trends in 2021
As the latest figures show, the gambling market is growing fast, and there are many factors driving the growth of the industry. The number of online casinos is growing, so you may have trouble finding decent online gambling establishments. If this is a problem you're facing, check the lists of the best casinos at CasinoLuck.ca .
#1 - Regulation as a means to combat the illegal segment
Gambling markets have to work by the rules. Otherwise, there are no guarantees to protect the rights of either gambling establishments or players. In the new environment, regulators in a number of countries have revised their legislation on the gambling industry. Some have introduced new licensing measures; others have set daily deposit limits, etc.
As a result, some states have become more promising for the gambling industry. For example, the UK, Sweden and Belgium have introduced restrictive measures, while German regulators have become stringent in regulating the industry. The main goal of improvement in all jurisdictions is to counter the shadow market segment, direct taxes to public coffers and protect users' rights.
#2 - Mobile gambling
The world of mobile devices is constantly improving. Today, it is hard to find a person who does not own a smartphone, tablet or smartwatch. It is no wonder that such a large market is key for online casino app developers. Some gambling establishments even offer their own apps so that their players can use mobile gambling solutions anytime, anywhere there is internet.
The number of remote players increases every year. The determining factor is the quality of Internet coverage. Experts believe that the number of people using mobile gambling solutions will increase in the coming years. Some predict that it will be possible to bet with a smart watch as early as 2022-2023. According to the EGBA, in 2021, half of the players logged into online casinos from mobile gadgets. After all, it is very convenient to go to a convenient place and play, in Germany still have such a plushie as for example Casino bonus ohne Einzahlung 2022
#3 - Use of cryptocurrencies
Players actively use cryptocurrencies in online casinos because it provides anonymity and security. And the legalisation of cryptocurrency assets coupled with blockchain technology makes this a very promising trend. Old payment tools are expected to be replaced by new ones.
#4 - New user interaction tools
The emergence of social gambling and the use of VR/AR technologies are opening up new possibilities for gamers, whether it's getting a new user experience or changing familiar interaction patterns. VR/AR solutions offer fantastic user interaction opportunities, but the hardware required remains expensive for many. Applications and software using VR/AR are currently in the development and testing stages, so a rapid surge in these products in 2022 is not expected. However, some applications already allow players to move around virtual casino halls and freely interact with other users, just like in real life.
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