Online Gambling Industry to Hit $565 Billion in 2022

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The online gambling industry is constantly evolving and catching up with technological trends, aiming to ensure the ultimate gambling experience for all players. Ever since the global pandemic began, the majority of the players were forced to switch from traditional brick-and-mortar casinos to their online counterparts. Even today when many casinos are re-opened, countless players have chosen to remain to play online, and this is one of the main reasons why it’s estimated that by the year 2022, the whole industry of online gambling is going to reach an astonishing $565 billion according to a recent article by Auralcrave.

The article said: “Casino game developers are continuously improving their games to contend with huge competition. One of the most consequential trends of 2021 was enhanced visual quality that matches modern screen resolutions implemented by the current devices. This trend will resume in 2022, in which the visual quality of games will keep improving even further, aiming to present the players with a genuine online gambling experience that nearly resembles traditional gambling.  Ever since VR devices became broadly available to consumers, online casino companies have recognized the potential of VR and started implementing it in casino games.

Similarly, augmented reality became more widespread in the last couple of years as well. These two technologies allow the players to fully immerse themselves in casino games and experience almost real-life gambling. For instance, players can play at the virtual tables with real people and dealers, using the VR devices while AR allows players to “create” a roulette table on any surface. The sky is a limit when it comes to VR and AR technology, and fortunately, compatible devices are becoming less expensive.”  Active companies in the markets today include:  Esports Technologies, SharpLink Gaming Ltd., Activision Blizzard, Inc., Las Vegas Sands Corp., Zynga Inc.

Auralcrave concluded: “Although online casinos have been accepting cryptocurrencies as a payment method for some time and it’s not a new thing, it is expected that more and more casinos will adapt to the current trend of cryptocurrencies and begin accepting Bitcoin, Ethereum, and such, as the payment methods. Making transactions using cryptocurrencies makes it so much more straightforward and faster for both players and casinos while maintaining a high level of security and anonymity, so it’s a win-win situation that works for everyone.

The online gambling industry has significantly progressed and transformed in the last two decades, and it’s never going to stop evolving and adjusting to players’ interests. 2022 will certainly be the year of many improvements in the online gambling industry, as online casino competition is bigger than ever in history, so many online casinos will do their best to get noticed.”

Author: Sean Rogers