Online Gaming Market Forecasts

The online gambling industry is currently one of the most flexible parts of the world economy.
It has been developing rapidly, ​continually growing with a high rate of return on significant
investments and innovative trends. ​There are many factors that contribute to the continuous
increase in the popularity of all gaming activities around the world, among which are:

● active development of new and advanced IT technologies;

● income increase for the majority of the world’s population;
● legislation changes in some countries;
● formation of developing countries’ economies.

As for the current state of gaming activities, the most popular one is sports betting with
40.31% of all players participating and 32.14% taking part in casino games. Apart from that,
6.12% of players play poker, 13.27% fill out lottery tickets, 4.59% play bingo, and 3.57%
participate in other activities.

The chart shows the percentage of each gambling activity that people play.

On top of all that, new board games will also pull the favor from land-based gambling
establishments to the virtual casino industry. New board games will make sure the user
experience becomes more interactive and offer an innovative experience for players. Just
like PokiesLab, located on ​https://pokieslab.com/free-online-pokies/​, has been growing their
online pokie games, so will others - if they want to stay on the market.

Online gambling in North America still has some legal issues that are debated. The
authorities on betting law in the United States say that there are no federal statutes or
regulations that can explicitly restrict virtual gaming, but there are some things that are
considered to be illegal in the US government.

Across the ocean, online betting operators are not falling behind, despite not being able to
conduct their business and offer their services in Australia because of the ​Interactive
Gambling Act that the ​Australian Government ​passed in 2001. The law was passed not to
prohibit gambling on the Internet or forbid players to access to gaming sites, but to protect
Australian citizens from detrimental and harmful effects of the world of online betting.

Because of that, it’s estimated that the United States and Australia will remain the market
leaders. However, there are other countries that will compete with them, especially the ones
in Asia where the demand for betting has been growing steadily. Many countries have been
legalizing virtual gaming and betting, which means they will see an increase in networked
gambling.

Apart from that, some countries, specifically some European, will improve their performance
with the development of new technologies and products that will attract more people to the
world of betting on the Internet. Technologies such as video slots, cashless transactions,
VR-gambling, and artificial intelligence programs will provide an enjoyable experience. The
main trends that have been forecasted for 2025 are:

1. mobile gambling;
2. live casinos;
3. using blockchain technology;
4. wide usage of cryptocurrencies;
5. security;
6. gamification;
7. new board games;
8. simplify registration processes;
9. big data analytics.

The number of players who come to virtual betting establishments on their mobile devices
has been increasing each year, with them being the most popular platform for networked
gambling in 2020. This is because mobile devices have become more functional, affordable,
and widely used across the world population. More and more people have been accessing
online slot games through their phones, forcing many operators to invest in this.
 The number of people that access online gambling platforms through different devices.

Another part of the online gambling industry that has been increasingly growing along with
mobile gaming is live casinos. Players around the world have started preferring live casinos
due to their combination of accessibility and the atmosphere that comes with a traditional
betting establishment. And what has made them even more popular is the presence of a live
dealer, which will develop even further with the use of artificial intelligence.

The use of blockchain technology will revolutionize the online gaming industry by providing
transparency and trust. Blockchain-based platforms for betting on the Internet are
decentralized, with full transparency of what is going on and without any third-party
influence. The extensive usage of cryptocurrencies will also continue to spread the gaming
industry. The ability to withdraw and deposit money in cryptocurrencies provides users with
anonymity and security. Online gambling platforms will also invest in their security, to make
sure players and their money is protected.

With an increase in players, the number of resources, and the rate of community
collaboration, gaming platforms will bring value and relevancy by adopting gamification
components to reward and incentivize all of their membership.

On top of all that, new board games will also pull the favor from land-based gambling
establishments to the virtual casino industry. New board games will make sure the user
experience becomes more interactive and offer an innovative experience for players. Just
like PokiesLab, located on ​https://pokieslab.com/free-online-pokies/​, has been growing their
online pokie games, so will others - if they want to stay on the market.
Online betting platforms will need to have to provide better user experience is a simpler
registration process. Many platforms have driven off users because of their sign-up process
that has made it difficult for them to enjoy their gambling activities on the Internet.

Around 3 to 5 percent of gamblers develop an addiction to the activity and have problems
with their families and society. Because of that, gaming institutions are starting to explore
ways of identifying problem gamblers with return to player influence big data analysis and
innovative application of machine learning.

These trends will contribute to the development of the networked gaming market in the next
years. The future will see the rise of current leaders of the market, but it will also probably
see the emergence of many who have just started. The ones that keep up with the trends of
the online gaming industry will be able to consider themselves the potential leaders of the
future market.