A New Year Begins: Slotegrator Presents Industry Trends for 2023Published December 7, 2022 by Brett C
A detailed study by Slotegrator indicates that the global gambling industry is expected to continue its uninterrupted growth in 2023. The ranking European associations anticipate a 7% average increase in market growth. Furthermore, these associations expect the worldwide gambling industry to boost revenues by 34%.
Slotegrator has its finger on the pulse of global gambling activity. Innovative ideas, dynamic technologies, and enthusiasm characterize the online gaming industry. 2023 promises to deliver plenty of upward momentum. Several eye-popping trends are anticipated in 2023. Some of them will continue well beyond the upcoming year. Longer-term trends expected to gain momentum in 2023 and beyond include the metaverse and virtual reality (VR) products. For 2023, Slotegrator identified several critical areas of growth potential:
- Mobile Gaming Growth
Mobile casino games continue to lure tech-savvy players to the casino realm. Mobile is a terrific way to attract digital natives. According to Slotegrator analytics, 30% of new customer queries come via the mobile platform. So naturally, Slotegrator's Telegram Casino is front and center as its top pick for mobile gaming.
- Payment Systems
Many experts worry that crypto payments will lose their popularity after the collapse of the FTX international currency exchange in November 2022. But, their concerns may be misplaced. Many players still use e-wallets and crypto globally. People who prefer cryptocurrency are unlikely to return to cash payments. Moreover, cryptocurrency is highly prized for its anonymity. Slotegrator regularly monitors the cryptocurrency situation and updates accordingly.
- Exciting New Casino Games
Operators providing slot machine games alone will struggle in 2023. Software providers will likely continue developing and designing new types of casino games. Competition for players is fierce. New games will include NFT integration, and immersive opportunities for player creativity are in the pipeline. Aviatrix, for instance, introduced its crash game with a custom NFT token to the market in October 2022.
- Live Casino Games
Live dealer games survived the pandemic, but their popularity was rising. It's an absolute necessity that online casinos provide as many high-quality live casino games as possible. Players are far more comfortable with live dealers than random number generators (RNG). This is a fabulous opportunity for land-based casinos to target a worldwide audience of casino players. Branding of games and game elements with chips, table tops, dress codes, casino lighting, and so forth is now a reality for operators everywhere.
Live dealer games are rapidly gaining popularity worldwide, particularly in emerging markets. Countries across Asia, Africa, and India are showing strong player support for these games. Eastern European operators are equally successful in their marketing strategies. Things like cashback, welcome bonus offers, tournaments, and the like are reeling in players. Currently, the UK dominates the live casino games market, and Sweden is considered home to the live dealer casino concept.
- Stream Betting Set for Tremendous Growth
Stream betting is wildly popular and likely to continue growing. Experts anticipate that this trend will continue. As operators invest in Stream Betting, it will likely become even more popular among punters.
- Land-Based Casinos Wane
According to Slotegrator, there was a 15% increase in interest in online casinos that use a digital platform in 2022. Slotegrator's online platform will be enhanced to meet the needs of both clients and providers. That means more land-based casinos are turning their attention to iGaming operators. Online casinos can target any audience anywhere in the world. Player anonymity is assured, and the most requested features appear first in digital format.
Ayvar Gabriel, the Business Development Manager at Slotegrator, says,
How things are evolving dynamically indicates that the future gambling industry will be high-tech and impressive.