The online casino industry is rapidly growing. What we are witnessing now is how its dynamic evolution is changing the entire gambling market offline and online, offering games with better graphics, better visual and audio effects, faster and richer playing environments, and more conveniences for players. 

What the future holds for the market is still, let’s say, unknown to us. But leaning on the current market state, the latest tech trends, and using a bit of logic and ‘fortune telling’ we can predict that its future is dazzling and that a huge emphasis is and will be put on its digital part. Let’s dive in.

Current State of the Online Gambling Industry

Let’s first discuss the numbers. According to recent studies, in 2021 the online gambling market was valued at $57 billion, with no intention to just stop there. The latest estimates are the market will reach $153 billion by 2030, with CAGR being as high as 11.7%. 

There are two main factors that are highly contributing to the popularity of online casinos – growing mobile penetration together with the greater availability of online casino apps for mobile, and greater internet coverage. These factors partake in people opting more for online casino solutions than strolling down the traditional venues. 

Leading Markets

For a long time already, the leading area in this domain has been Europe, while the fastest-growing market for the last year was Asia-Pacific, with India leading the way. In 2019, this market reached a revenue of $15 billion, with names like 888casino, one of the world’s largest casino brands, prominently showing up. All this is not surprising knowing the development rate of many countries in the region.  

Other markets that have been gaining ground in the last few years have been African countries with South Africa being ahead of the crowd. Due to the steep popularization and greater accessibility of the internet and mobile phones for the African people, the continent has been a fertile ground for many good providers on the market. For example, Springbok mobile casino is one of the main players in the South African online casino industry. Providing safety for the players, and offering ZAR/Rand currency and games from Real Time Gaming, one of the biggest names in the business, confirms its importance in the market. No wonder why it has been able to attract large audiences. 

Other markets like the US, Scandinavian countries, the UK, and Ireland are also standing strong on the global scale with great contributions to the global online gambling market revenues and growth. 

Future of the Online Casino Industry 

What started as plastic chips and standard card games, or hand-written betting tickets, expanded to be a plethora of games on offer online, available on almost any spot on Earth as long as you have your mobile device or laptop with you. 

And that ball of development is still rolling at incredible speed. What was only a few years ago considered Sci-Fi is now gaining momentum to become fully available in high-tech mode. Crypto payments in online casinos, VR/AR real-like games like Poker, Blackjack, or Roullet are already in place, together with 3D online slot games, and smart device access, including smartwatches. 

Not to mention that holograms are already in use in brick-and-mortar casinos. It’s just a matter of time before they transition to the online format as well. 

Also, the smart contact lenses we used to see only in movies are now ready for real-world testing. Mojo Vision took care of that. They created contact lenses that could eventually replace smartphones, smartwatches, VR, and AR headsets. This means that soon you will even not need a device to play casino games, your eye will be enough. 

Currently, the gambling world is vibing in the ‘future is now’ mode, and all of us can feel it. What we thought is a distant future it’s now just around the corner, and we are impatient to see it. 

Finishing Lines

Huge growth predictions, futuristic tech taken from Sci-Fi movies, 3D slots, AR and VR headsets, crypto values, and smart contact lenses – this is what will adorn the online gambling future. Enjoy!