Gambling has been a great attraction since its inception and has been consolidated as one of the primary sources of entertainment throughout the years. With places dedicated exclusively to gambling-related activities, such as casinos, or even entire cities such as Las Vegas, it is clear that it has a much more significant impact on society.
With the emergence of online casinos with free slot spins no deposit, the popularity of gambling is at an all-time high as it reaches destinations where it was previously banned or prohibited. So, how are these technological advancements changing the gambling and slots industry? Let’s find out.
Gambling Industry in 2021
The gambling industry has seen significant growth beyond what people can imagine. Thanks to the Internet and its advances, online gambling has grown exponentially in many countries worldwide, such as the United Kingdom, Italy, Germany, Spain, and even India. If we look at the statistics, the market size of the global casino industry was standing at a whopping $465.76 Billion in 2020 and is expected to reach $516.03 Billion by the end of 2021.
Online Gambling Market
One of the many reasons the gambling industry is rapidly gaining popularity is because of the well-established, reputable, and licensed gambling websites. This can only make users more confident when placing bets on casino websites.
The development of websites for mobile use is another reason why the industry has seen such massive growth. Many people are making casino bets through mobile phones. It is proof that mobile devices bring significant revenue to the gaming industry in the EU.
Now, most online gaming players prefer to use their smartphones to place their bets instead of traveling to land-based casinos. Gaming websites aim to take mobile gaming to new levels: developing pixel-perfect and high-definition games for mobile devices has become more critical than ever. It is a trend that has expanded significantly in recent years. Consumers can access applications with the same quality of play as if they went to traditional casinos.
Introduction of Crypto
Crypto gambling is yet another reason why online gambling is constantly growing and making leaps and bounds within no time. Crypto casinos are providing a perfect opportunity for players to multiply and convert their cryptocurrencies into real money. Besides using cryptocurrencies, players are able to make anonymous transactions for deposits and withdrawals; therefore, there are no fees or taxes involved in the process. Besides, the added security of crypto casinos is also attracting bulks of players towards crypto gambling, and the trend is set to grow in recent years.
Slot Industry in 2021
The slot industry, on the other hand, is also witnessing a significant surge. Slots present a perfect opportunity for new players looking for an easy game to play that promises some hefty payouts. Technological advancements such as the introduction of HTML5 have allowed users to play their favorite games on their smartphones on the go.
New Markets & New Laws
The emergence of online casinos in massive markets like India and China has also brought in many players that have boosted the gambling market. In the UK, however, the slot industry is struggling to comply with the new laws introduced by the UKGC. These new laws have restricted slot creators from offering a few integral features such as Autoplay and Turbo Spins. Besides, according to the new provisions, a spin of a slot must take 2.5 seconds or more to complete. There are speculations among gambling circles that these laws might affect the current popularity of slot machines in the country.