Gaming and gambling have been around for a long time, but it’s only been in recent years that there has been massive global growth. The big question is, why? What has changed? Why are more people gaming than ever before, even though the games themselves haven’t changed much since poker was invented? Let’s take a look at some of the trends and kinds that are driving the worldwide popularity of gambling in 2024 and beyond.
Mobile Play
iGambling is a multi-billion dollar industry, but it’s not just about casinos. More and more people are playing online casino games on their mobile phones. According to Statista, there were 5.2 billion mobile app downloads in 2018 alone, with a total spend of $49 billion. However, mobile-optimized platforms are gaining even more popularity. For instance, you can play Pokie Mate pokies instantly, right through the browser.
New Technologies & New Kinds of Players
The gambling industry is adapting to new technologies and new kinds of gamblers. What once was considered a somewhat shady business has become an accepted part of modern life. While there are still many moral arguments against gambling, it’s hard to argue that society doesn’t benefit from the influx of tax revenue that casinos bring in. This means that people who would have been ostracized for their love of games like blackjack or craps are now free to play them in public places without fear of judgment — or legal punishment.
VR (Virtual Reality Casino Gaming)
Virtual reality technology is the next big thing in iGambling. VR allows players to create a real-life casino experience, with all of its sights and sounds! In addition to being more immersive than current games, it also offers haptic feedback: you can feel things like dice or cards when playing virtual versions of these games.
Blockchain
A blockchain is a list of records that are linked using cryptography. The data in the blockchain can be anything, such as financial transactions or game results. It is distributed across multiple sites or even countries. This makes it decentralized and open for anyone to verify and audit the records or your bets (or blocks).
Gambling in Social Networks
Social media gambling is a new trend that many people are becoming aware of. It is a great way of meeting people, because you can play social media entertainments using your Facebook account, and then invite all of your friends to join in the fun.
Fantasy Sports
Fantasy sports betting, sometimes called daily fantasy sports, is a form of online gaming in which participants compete against one another by creating and managing their own teams within a league. Participants can create their leagues and invite friends to play or they can enter open ones where anyone can join. Fantasy sports betting has gained popularity in recent years due to the increasing availability of resources that make it easier for players to participate, as well as greater media coverage.
According to Yahoo Finance statistics , the fantasy sports betting market has grown by 200 percent since 2013. According to Statista, this growth is partly attributed to an increase of people who play fantasy sports (from 33% in 2013 up from 45% today), but also due to new players joining the industry every year: over 8 million Americans had participated in some form of paid fantasy sport by 2017! The most popular platform for playing these games is FanDuel with around 4 million users logging on each month; second place goes too DraftKings with about 3 million users per month; third place goes too Yahoo Sports Fantasy Football which sees about 1 million logins per month.
eSports Betting
Very few people would have paid attention to professional video gaming in the past. Now, however, the gamers who compete in these tournaments are household names, and their fans are legion. The industry has grown exponentially since its humble beginnings. With more money at stake and more people watching than ever before, it’s no wonder that gambling on eSports has become such a popular activity.
To many people’s surprise, betting on eSports is legal—at least until it becomes regulated like sports betting or online poker were in the United States. This means that you can go ahead and place bets on your favorite teams from any number of sites or apps without fear of breaking the law. You may find yourself playing against other players from around the world as well as watching their matches through streaming services like Twitch or YouTube Gaming!
In-game Skins Betting
Skin betting is a type of gambling that has recently become popular on the internet. Skin betting is the betting of virtual items in video games, including weapon skins, character cosmetics and other items. These items can be earned or bought from the game developer or third-party sites. Skins are digital items that can be used to customize your character for multiplayer or single-player games such as Counter Strike: Global Offensive (CSGO), Team Fortress 2 (TF2), H1Z1, Dota 2, PUBG and Fortnite Battle Royale (FBR). They also have value outside playing games because they are traded on marketplaces like OPSkins Marketplace or CSGODouble where players use them to bet against each other on esports matches and tournaments like League of Legends Worlds Championship Series.
Summary
The data we looked at paints a clear picture of the state of gambling today. As we saw, it’s a hugely popular activity with many different kinds of consumers, which means that there are plenty of opportunities for entrepreneurs to step in and offer new products or services. However, it also seems like the industry is largely saturated with land-based casinos; so if you’re thinking about starting your own gambling business, chances are that you would be better off doing something online instead. We hope this article has given you some ideas about how you could approach that idea — and made it clear how valuable these kinds of insights can be for your future success!