Various research companies publish their findings on the global gambling market progress and predict trends for the future. Blockchain and mobile gaming technology remain at the top when it comes to the driving forces behind the gambling industry. Each period has different driving engines that keep the revenue wheels turning, although mobile technology and digital coins are a major part of our era.
Fiat Currencies Will Lose the Battle Against Cryptocurrencies
One of the most important chances to back the finding or predictions that cryptocurrencies will continue to increase in popularity happened in March. The crucial move and announcement by Visa, that the company is opening its door to cryptocurrency payments was huge. It is of huge importance to the Canadian gambling sector where credit and debit cards are still amongst the most accessible and popular payment methods.
Biggest Competitor to Mobile Could Be Smartwatch Casinos
It’s not new, the first smartwatch casino was introduced in 2014 by Microgaming. The number of smartwatch friendly online casinos is relatively small right now, although research indicates that the smartwatch market globally will reach a worth of $88 billion by the year 2027. This is based on an annual increase of 20% and iGaming operators are paying attention and will step up to the challenge.
Online Skill-Based Gambling
Gamification or online slots offering more involvement from the player is nothing new, although it is back at the front and one of the leading factors in the next decade. GameCo, which is one of the largest in video game gambling announced in July 2020 that it was approved to partner with the online casino in New Jersey.
Driving Forces in Online Betting During the Past Decade in Canada
During the past decade, gambling came a long way, it is an industry growing at a rapid rate and one of the most competitive. As a result, it is also one of the industries that want things quicker, safer, easier, and better. The three biggest moves during the past decade in Canada that massively contributed to the gambling industry include convenience, live betting, and betting tools.
Convenience: Modern Times Means Everything is More Convenient
In the past decade, Canadian sports bettors have had access to a much larger variety of betting apps and most moved from betting shops and computers to mobile betting. One of the biggest benefits is that there is no rush to place your bets, and most sports devotees hardly ever miss a bet due to notifications.
Live Betting: Biggest Best Change to Online Betting
If you do miss out on placing your bet before the match starts, you can place your bets during the game via your mobile. The addition of live betting is the biggest benefit of all according to research and findings.
Canadian Punters Love Betting Tools
Not created by the bookmakers, yet one of the biggest driving forces in the industry is the tools such as comparisons, calculators, and betting guides. Many sports enthusiasts list sure bets or guarantee profits as the best advances.