As far as the entertainment industry is concerned, the iGaming sector is currently hitting it off big time! While traditional media like film and television forms are still reeling from the events that happened last year– like strikes and labor disputes, online casinos have started to pick up momentum. One of the reasons iGaming is thriving is because the industry has always embraced the latest innovations that ultimately help the people taking part in it.
In this article, we’re going to take a look at the top trends of iGaming for this year, covering market size, industry leaders, and their share.
Why is iGaming growing in 2024?
Growth of Internet usage: According to Statista, as of January 2024, 66.2% of the global population, which is roughly 5.35 billion, uses the Internet. With such a rapid rise in internet usage, people are also showing more interest in online games, even in developing countries around the world.
Regulatory freedom: Countries that didn’t allow iGaming before, like the Netherlands, Canada, India, etc., have now legalized it, creating a more friendly and safe environment for the user base.
eSports and iGaming: Over the last decade, eSports (both competitive and non-competitive) has increasingly converged with iGaming to bring the best of both worlds to the players. This led to exciting developments and mutually beneficial relationships.
Secure payment: Payment methods have gotten increasingly safer and more convenient on iGaming platforms, boosting user confidence. They can also now make easy deposits and withdrawals, which was previously not possible. Speaking of secure payments and all other advantages, you can try out gclub casino for all your iGaming wants!
Top iGaming trends to watch out for in 2024
AR/VR: Augmented Reality (AR) and Virtual Reality (VR) technology have been progressing for quite some time now and are becoming more accessible. AR is already at play in some online casino games, in which players get the feel of being in a physical space and interacting with a live dealer.
Live streaming and In-play tech: iGaming has gotten a significant boost in popularity with live-streaming and in-play gaming methods. Today, anyone can get into the hobby thanks to popular smartphone apps built by big names like Caesars, MGM, DraftKings, and Barstool Sports. By creating simple user interfaces, they’ve achieved a great degree of customer satisfaction.
Blockchain gaming: We can’t talk about emerging trends without talking about Blockchain Gaming. With the massive explosion in the popularity of crypto, paying for iGames through Blockchain methods is definitely the best alternative. The most significant benefit is that there’s no need to involve a third party for consent. Everything is under your control.
Fitness gaming: Active Video Games or AVG has been around the block for a while now. Using AR to its advantage, the sector is now providing unparalleled experiences to gamers. Online sports gaming generated a revenue of over $43.5 billion in 2023, and it’s only expected to increase in 2024.
So, there you have it, the top iGaming trends of 2024! If you’re new to this industry, we highly recommend that you do your due diligence before hopping onto trends.