The popularity of online gambling is continuously rising, especially this year due to the coronavirus pandemic. As it is to be expected, since people cannot visit traditional establishments and casinos, they have turned to the next best thing – online gambling.
Taking into consideration the current situation as well as the fact that the US market is the fastest growing one in the world, what can we expect in the future? In the following article, we will provide you with an answer to this question and also talk about some essential facts regarding this form of gambling.
How does it work?
The fact is that online gambling may appear to be a bit confusing simply because different states follow different rules. For example, some allow sports betting, while there are also those that enable online casinos.
Nevertheless, software developers also play a significant role nowadays. Naturally, gaming associations make the rules and adopt laws, but these companies have become every casinos’ best friend. Why? Well, they design platforms people use for gambling, and obviously, with the goal of ensuring customer satisfaction, this can be quite a tricky and complex task.
Growing competition
As we have already mentioned, the US has the most developed online gambling market in the world. It means that there are many people who want to entertain themselves during the lockdown this way, but at the same time, it means that there are more and more platforms they can use.
Currently, New Jersey, Pennsylvania, and Indiana have almost 40 online casinos combined, and you can learn more about these on www.casino.zone. Generally speaking, this appears to be a great thing for players since they will have more options, but simultaneously, these establishments will have to work extra hard to stand out of the crowd and attract clients.
Increased number of players
Online gambling has been appealing to people for quite some time, long before the pandemic began. So, okay, today, some people are locked in their homes, so they turn to the Internet to have fun. Still, what do you think is the biggest advantage of these platforms (we are removing Covid from the equation)? That’s right. It is convenient, and you can earn some money.
The thing people love the most is that they can engage in their favorite game from the comfort of their own home. They get to choose when they are going to play, and frankly, it enables them to save money they would otherwise spend on a trip to Las Vegas. At the same time, does this mean that traditional casinos will lose? Well, yes, most of these are currently closed, but you have to keep in mind that these are the same establishments. Plus, when it comes to brick-and-mortar casinos in Las Vegas and other cities, these have a long tradition, so as soon as they open, people will go back to their favorite ones.
More gambling apps
We have already mentioned that the most adored feature of these is the fact that they are convenient. Nevertheless, due to the fact that laptops and computers are no longer the most frequently used devices, we expect that more and more smartphone apps will be created. This is something that will take the whole convenience point to the next level. It will enable players to enjoy the game anytime they want, regardless of their location. They won’t be restricted to their homes and laptops, but instead, they will be able to play whenever they desire to.
This will only increase the number of players and also platforms available, so it will further develop the entire gaming market.
Integration of cryptocurrencies
Sure, there is still a long way for decentralized currencies, but the truth is that most online casinos have already included these into their payment options. Basically, these create a whole new world of opportunities for players. Some platforms only use these, which means that people must first learn about them to be able to play in one of these establishments.
On the other note, most casinos operate with traditional currencies, but they also offer this feature to their clients. This is one of the many methods they use to attract people to their platform. Naturally, it is expected that the role of cryptocurrencies is only going to grow in online gambling.
The US will dominate
Did you know that 1.8 million people are employed in the industry across 40 states? This fact is more than enough to prove the dominance of the US in the industry. However, due to cryptocurrencies and virtual reality, the industry is only going to move forward. Plus, the attitude of the government has also changed significantly in the last few years, which means that nothing can stop the expansion of online gambling.
States such as New Jersey, Delaware, Pennsylvania, and Nevada were the first ones to legalize online gambling, and the first two also made casinos and poker sites available. These have set an example for other states, which are expected to do the same in the future.
Further regulations
Surely, you have noticed that most of these websites are described as being unregulated, especially those that don’t originate in the US. This doesn’t mean that these aren’t regulated in the country they originate from, but instead, it means that they aren’t regulated in the USA.
In some countries around the world, people have found a way to play via these websites and receive money without having to pay taxes. This isn’t the case in the US, but still, the only way to prevent this from happening is to adopt new laws and rules. Obviously, the government can eliminate these platforms and make them unavailable to players, but this isn’t the best decision. Let’s face it, technology is continuously developing, so people will find a way to access the website if they really want to.
These regulations will become especially important as the popularity of Bitcoin and other cryptocurrencies grow since these transactions can be taken off the grid. Yes, it will take some time to design and pass these laws, but it is definitely something that should be done, and that probably will be done in the future.
