2020 is a year that will still be remembered in the history books because of the way normal life was disrupted. The whole world was held to a standstill. A global lockdown that forced borders to be closed, no travels, no movements and everyone remained indoors. This affected lots of investments, business and the government as a whole.
While some were complaining about the negativities brought about as a result of the pandemic. The online world told a different story, there was an increase and sudden rise in online activities with online gambling not left out. Alexandra Nereng, our lead expert states how online gambling would benefit from the pandemic. You can view her profile here
Most land based casino games were forced to make use of online casinos during this period. Norwegian oddsbonus was not left out as they were amongst the most common and recommended online casino sites in Norway. The online gambling industry was among the biggest winners during this period. Things are gradually getting back to normal with the discovery of various vaccines to curb the spread of the virus. The economic effects will fade away very soon.
The big question everyone is asking is what will happen to the online gambling industry? Will the online gambling industry remain the same or there will be many drastic changes? 2020 has almost passed and we are looking forward to 2021 and what it will hold for the future of gambling industry. Let us look at the top gaming industry trends that will dominate the industry in 2021.
Online casinos will focus on responsible gambling: There has been a recent avocation for responsible gambling by online casinos. It is one of the top global gambling trends to watch out for in 2021. Online casino sites usually allow only people who are 18years and above to play. Generally the number of gamblers has increased in recent years and gambling is seen as one of the reasons why there is an increase in the rate of depression and substance above many people.
Growth of low betting casinos: The competition among online casinos is a huge one with a wide market. This has led online casinos to introduce low betting requirements for customers. If you are looking to explore a new online casino in 2021, be sure to check the casinos’ welcome bonus and wagering requirements before signing up.
Mobile gambling is top of the industry: More than 32% of the world population makes use of smartphones and there is availability of internet connection in many countries. In Norway the number of active smartphone users was over 6 million in 2019. This has led to the rapid growth of mobile gambling. Mobile gambling is responsible for generating more than half of the revenue earned from online betting. Now the 5G network has been introduced and its incorporation into mobile gaming, it will play a lead role in the online gambling industry.
Augmented reality and Virtual reality will be embraced: The adoption of AR and VR will generally increase come 2021. More XR (extended reality) devices will be available at affordable prices. Also, they will provide more gaming opportunities as well as improving gaming experience. So watch out because many sports books will adopt and incorporate the usage of this technology into their system.
Esports will keep becoming more popular: Competition among gamers is what has brought about a major popularity in Esports. The tournaments and competitions among gamers in different games with huge real money rewards is one of the major excitements about Esports. Players have won millions of dollars from the prize pool of competitions. Then we can only imagine that in the years to come, Esports will continue to thrive and gain more popularity among gamers.
Cryptocurrency will become part of our daily lives: Since the advent of cryptocurrency based casinos which is becoming very popular in Norway and their general acceptance by gamers and gamblers. Blockchain technology has come to stay. Faster transactions with a certain level of transparency. The use of cryptocurrency would become the new normal in 2021 and its slowly replacing the traditional payment options.
Augmented reality, virtual reality, Esports, mobile gaming are trends to watch out for in 2021. They are gaining popularity and are being incorporated into online gambling. More revenue is expected to be generated and an increased market size in 2021. Let’s keep our feet crossed and watch as the year 2021 unfolds.