Global Online Gambling Market Trends

Over the past few years, there has been a rise in demand for online gambling. More people around the world are creating accounts with online casinos to participate in real money betting games and events. Recently, it was announced that “The Online Gambling Market- Growth, Trends, and Forecasts (2023-2028) was added to the list of offerings at ResearchAndMarket.com.

If you enjoy using online casino sites, you might be wondering what the trends are like and how this will affect your favourite sites. Our gambling experts will break down the online gambling market trends and what they mean for the future of the best online casino sites. Keep reading to find out more.

The Lowdown – Will Online Gambling Change?

Now that the market trends have been released, you might be wondering what this means for online gambling. It’s safe to say that the best online casinos aren’t going anywhere any time soon. Over the next 5 years, there should be an estimated growth of 11.49% with online casinos.

There are several different casino games that have led to the rise in popularity. More online casino sites are offering draw-based events, such as lotteries and tournaments. There is an increase in interest in these draws, and sites that offer them are attracting more users.

Convenience is another reason why casinos online are getting more attention. Going out to a casino isn’t an option for everyone. Yet, anyone of legal age who has an internet connection, mobile device, and deposit money can access online gambling sites. There are also more website options, allowing people to find the best online casino games for their interests.

Will Online Casino Games Be Affected?

The online casino industry is very competitive. If casinos want to stay ahead of their competition, they will need to keep up with industry trends. Some of those trends include adapting new technology and advancing innovative technology.

When it comes to games at real money online casinos, you may notice some changes in the upcoming years. Don’t worry, your favourite slots and table games will still be there. But, you may see virtual reality make its way onto the sites you use. This includes 3D slots and realistic virtual table games.

Online Gambling Industry Trends

The question is, what online gambling industry trends will casinos focus on from 2023 to 2028?

During the next few years, you can expect to see more mobile-compatible games. Your preferred casino may already have a mobile app. Fast-withdrawal casinos are also making a big impact worldwide. People don’t want to wait to receive their winnings.

Another trend you will notice at more online casino sites is the option to use cryptocurrency. More sites are adopting the technology to make these payments possible. Want to know more about these 3 online gambling trends? Let’s take a close look below.

Mobile-Friendly Online Casino Games

You can now play most real money casino games using a smartphone. The best online casinos are partnered with well-known and reputable software providers. These providers make sure their games feature HTML5 technology. This allows the games to be mobile-compatible and good-quality on any screen size.

Plenty of NZ online casino sites already have a mobile app. People can download the app on their iOS, Android, Windows phone, tablet, or other compatible mobile devices. The real money online casino app gives players instant access to all the games.

Fast Withdrawal Casinos

The best online casinos offer fast withdrawals. A fast withdrawal casino can process payments in 48 hours or less. Many of the top-rated online gambling sites process same-day payments. Always check the payment policy for the online casino site to know what to expect.

Fast withdrawal casinos are an excellent option because there is less temptation to cancel the withdrawal and gamble the money you’ve won.

Cryptocurrency

The best online casinos are adapting to blockchain technology. This opens up a new realm of payment options for gamblers. Many people prefer to use cryptocurrency for gambling because it’s safe, anonymous, and fast. It’s also common for casinos online to allow higher deposit and withdrawal limits for cryptocurrency payments.

Regulated Online Casino Sites

All gambling in New Zealand is legal as long as it’s regulated under the Gambling Act 2003. The only online casino sites that are regulated to operate from within NZ are Lotto NZ and TAB (Totalisator Agency Board).

Now, this doesn’t mean residents can’t gamble online. It’s completely legal for NZ residents to use offshore gambling sites. But, before you do, always confirm that the online casino site has been regulated by the government of Curacao, Malta Gaming Authority, or the UK Gambling Commission.