How Mobile Technology Has and Will Change the Gambling Industry
The iGaming industry closely work with technology to be able to keep up with the demands of the gambling market. Since online gambling started in the 90s, it has surely come a long way and today, it’s no longer only about being able to play online casino games on a desktop at home.
Today, technology has made it possible for people to gamble anywhere they are and anytime they want. Of course, this is as long as they have a capable mobile device like tablets and smartphones and are connected to the internet. Distance barriers are now the thing of the past because anyone can now access online casinos in the UK even if they are from elsewhere in the world.
Mobile technology has been revolutionary for the iGaming sector and more and more online gamblers are starting to prefer gaming with their tablets or smartphones. This is so that many are predicting that mobile is the future of the overall gambling industry.
Mobile Gambling in Numbers
Last year was great for the online gambling market despite the pandemic. As people stayed at home to follow lockdowns and health protocols implemented by their local governments, they all tried to find new indoor activities to deal with the health crisis and its effects. Many seem to have resorted to online gaming and gambling activities.
With this, the global mobile gambling market was able to reach a value of over 79.5 billion US dollars last year. This made the mobile sector account for more than half of the overall gambling industry value which is at 165 billion USD. The industry is expected to reach a size of around 250 billion USD by 2027 with a CAGR of 17.8 percent.
Statistica was also able to poll mobile users on how they would utilize their smartphones and tablets in 2017. What they found is that around 5 percent of mobile users would actually use their tablets for online gambling and betting. This equates to over 2.3 million mobile gamblers out there.
Why People are Now Gambling with Their Mobile Devices
It’s easy to understand why more and more people are starting to prefer gambling online, particularly with their tablets or smartphones. Here are some of the common reasons why.
Being able to gamble on the go is simply great for people who are really into playing casino games or betting on sports. They don’t even have to go anywhere to be able to place their bets. Many would also access their casino gaming accounts while traveling to or from work. It doesn’t matter If you’re in a taxi or bus. As long as you can connect to the internet you can have a quick play of slots or any games you’d want to play.
There are plenty of gamblers who prefer keeping their gambling activities private. Instead of going to a casino establishment, they would rather go online and use their phones. Gambling with a mobile device could give them the privacy they are looking for because no one would quickly suspect that they are gambling if they are on their phone.
Free Play is an Option
Social casino gaming is also becoming quite a trend. There are casino apps that people can download for free. These are casino games that won’t require you to gamble and are free to play. This is a great way to enjoy casino games without having to spend real money. However, social casino games could also allow you to spend money to buy credits. It’s still not real money gambling because spending is an option.
Safe Mobile Payment Solutions
Transacting online is generally safe nowadays. People are now more concerned about what’s convenient instead of their safety because online payment options nowadays are tough in terms of security. Now, many prefer transacting with mobile payment solutions because it’s fast and easy.
Mobile banking is becoming huge and if people can pay for anything online with their mobile apps that are quick and easy to access, they would go for it. Digital wallets like PayPal also have a native app that users can download. If someone’s all about cryptocurrencies like Bitcoin, Cardano, DogeCoin, and many more, crypto wallets also come in apps like Binance.
Overall, mobile tech has just really made gambling more convenient. The mobile gambling sector is poised to get bigger in the next few years. With that, we can expect more trends to arise and online casino games getting better by the day.