by Contributing Author
The online casino and gambling industries have seen their fair share of growth and revenue grossing in the past few years. Given that the Covid-19 world pandemic brought almost all, if not all entertainment ventures to a standstill, many casino fanatics took to internet-driven gaming platforms to still be able to get their action without having to put their health at risk. But now that the pandemic has been in many ways managed by health authorities around the world, the ever-growing online casino industry has shown no signs of stopping in its tracks of becoming the premier option for gambling fans around the world.
With 2021 being a massive year for online casinos, especially when it comes to revenue and fan reach, what will 2022 hold for this side of the entertainment industry? Let’s take a look.
Even More Exponential Economic Growth Will Spur in 2022
The online casino and gambling industry is looking to close 2021 yet again on a high note when it comes to economic growth and that trend will most likely continue into 2022 with initial expectations of revenue growth of almost $60 billion come next year. This means that the industry will be seeing a steady increase in money growth of about 8.50% on average per year, of course with those numbers looking more likely to continue growing rather than decreasing. But why is this? Simple, it’s an answer with a couple of very important ramifications that put together make up for the positive results being received by the industry right now and expected come 2022.
On the one hand, the proliferation of different countries, including the US as the main example, legalizing all online betting and gambling ventures has opened up the market even more, with more and more customers leaping into the world of online casino action. This has come in handy in great ways for both the customers and gambling companies, especially since the idea of being caught in the middle of any illegal fiddling is either already out of the question or on its way.
Secondly, online casinos have taken over physical gaming establishments and do not look in any way, shape, or form willing to give up their spot at the top of the hill. While before, wanting to play slots, blackjack, roulette, or any other favorite casino game was restricted to going to a brick and mortar establishment, the tides have turned drastically. With the Covid-19 pandemic making the world come up with a new form of living and understanding what could be done to find outlets of entertainment, online casino gaming options, that are just a click away on your favorite mobile or technological device have taken over in great forms, allowing customers to play whenever and wherever they feel most comfortable. All this has helped the online casino industry soar and thrive with 2022 expected to be their best year yet economically speaking.
Expect Cryptocurrencies To Be The New “It” Thing In Payments
While this isn’t a trend that’s about to take off as soon as 2022 arrives, the use of cryptocurrencies as Bitcoin, Ethereum, Dogecoin and other options as a form of payment for your online casino dealings will surely establish itself as a dominant currency option in the industry come next year. As of right now, many of the world’s leading online casino and gambling entities are already accepting cryptos as a form of payment, especially given the facilities and commodities that using cryptos offer both the customers and the casinos.
It would be almost impossible to deny or shun the mass popularity that cryptocurrencies have in the world right now. Be it for positive or negative purposes, cryptos are the talk of the town with more and more companies adapting to them daily. Online casinos will most likely continue to incentivize the utilization of cryptos as a form of payment by offering top-notch bonuses and benefit packages for casino fans who are also dabbling in the world of e-money. Added to this is the fact that when using cryptos as a form of payment, client data management, and security measures are some of the premier reasons to use cryptos. With cryptos, the customers can be sure that their identities, personal and economic information, and any other data that needs to be handled in the most private of ways will be dealt with in such a manner by their preferred online casino company, making it even more attractive.
Yes, their regular payment options are still holding their status as priority options strongly, but more and more it’s starting to feel like 2022 will most likely be a year for cryptocurrencies to take a gigantic and positive plunge into the economic dealings of the booming online casino industry.