The growth of the online gambling and gaming industry is unsurprising, considering rapidly increasing levels of smartphone and tablet use. Mobile casinos have become ubiquitous with any operator worth their salt making sure they have one up and running to remain competitive. Leovegas is a prominent example of an online casino that has embraced the new tech and it is now known as the “King of Mobile Casinos.”
The rise of the popularity of mobile gaming has buoyed the iGaming industry’s fortunes and technological innovations like blockchain technology are also contributing to its continued success.
Operators like All Slots casino have ensured that their mobile offerings match the variety offered by the more traditional webpage based versions, with a full range of games on offer including slots, roulette, blackjack, and poker.
The numbers tell the story of a sector in bloom with the global iGaming industry projected to reach a value of $58.34 billion by 2022, with a compound annual growth rate of 8.52%.
Global pandemic restrictions also played into the hands of the online sports industry that has seen a flood of interest. People seek out alternative forms of entertainment as sports stadiums stand empty and the industry is projected to hit a global value of $90 billion by 2025 with mobile casinos that feature sportsbooks experiencing a significant jump in activity. Spin Casino has a dedicated “Spin Sports” mobile facility that allows punters to bet on a wide selection of sports including tennis, baseball, soccer, and esports.
Online casinos in general, are expected to grow by the same factor, and this includes online Poker and Bingo.
With international jurisdictions getting more familiar with the digitization of the gambling industry, regulations in most territories are being adjusted to account for the rising trends. New gambling licences are being granted across the globe to place economies and the iGaming industry in mutually beneficial positions, as taxation collected from legalised gambling can be funnelled into social projects.
The challenges many local economies have faced over the past year and a half have inspired growing awareness that many industries are moving towards increasingly digital ways of doing business. Before the global health crisis, digitisation was already in rapid development in many societies with technology like smartphones, smartwatches and online profiles rendering old innovations like landlines and physical documents largely obsolete. The fact that many people conduct a large part of their lives on smart devices means that mobile casinos are ideally suited to the modern age.
Casinos like Jackpot City are poised to meet the demands of an increasingly sophisticated market, with both online and app-based mobile casino options to suit players’ needs.
The iGaming industry appears to show no signs of slowing its exponential growth. Previous obstacles to its spread have begun to fall away as perceptions shift. For example, Apple is now receptive to allowing gambling apps in its app store, meaning developers and operators have a whole new market to cater to.
The ever-changing gambling industry is always full of surprises, so it’s impossible to say what the ‘next big thing’ will be, however, the accelerated digitization of the iGaming industry will certainly be central to it and the financial rewards will be profound.