4 trends to expect to happen in 2021 for the online casino industry

There is no doubt that the online casino industry will continue to boom in 2021, as many gamblers have already turned to the options that they continue to provide them with.

Naturally, with something as accessible as online casinos, it is only all too easy to make a prediction that the industry will continue to grow, however there is also hard, solid evidence that helps to show just why the online casino sector is only just getting started.

With various factors such as the increasing market growth, the emergence of eSport betting, even more live casino games and the emergence of better promotions for new players, it is a really exciting time for the industry.

Here is why some of the aforementioned trends will happen in the online casino industry in 2021:

Market growth

Anyone in business or with business acumen will know that market growth is an indicator that things are going in the right way. There are many businesses and industries that have seen huge amounts of growth over the years, however it would be a struggle to find any industry that can compete with the online casino sector in regards to the growth achieved.

From 2019 to 2020, there has been a 13.2% increase in market share between online casinos, which is thought to have been worth around $67.5 billion. However, that is only expected to increase to $92.9 billion in 2023, thus showing that 2021 will be another year of exponential market growth.

There are a few reasons as to why the market will grow and continue to do so at the rate it has been going, with mobile gambling and legalization in countries being two of the main factors.

When looking at the mobile gambling scene, it should not come as a surprise that it is taking over, as bettors will now have levels of accessibility that they never had before as technology continues to improve. Smartphones have better internet connectivity, higher speeds than ever before, can perform to a higher standard and even offer things such as bigger screens. Online casinos have taken advantage of this by continuing to offer more and more mobile-friendly games to their members.

As mentioned, legalization within certain countries is certainly another factor as to why the online casino industry will continue to increase in 2021. Countries such as the United States of America and New Zealand have all started to allow for mobile betting to take place, thus meaning a greater portion of the world’s population is now available to try and convert into players that previously were untouchable.

Promotions for new players

One of the trends that can be expected to be seen growing throughout 2021 by online casinos is via the promotions that they use to try and capture new customers. One of the only ways that an online casino can continue to grow is by continuing to attract new clients and by offering various promotions can ultimately help them to achieve that.

However, this is certainly a lot easier said than done, as the competition between operators is now at an all-time high, with everyone competing for the same potential new members. Nonetheless, competition means bigger rewards, especially for punters, as they will be able to take advantage of some great Live Casino sign up offers and bonuses that were once unimaginable.

eSports betting

One of the newest innovations to have hit the online casino industry recently is the eSports betting markets. They may not be part of the mainstream betting options at the moment, however 2020 was a big year for them and it would be a surprise if it did not continue to grow in stature throughout 2021.

The eSport industry provides bettors with something a little different, as they are able to place wagers on their favorite games, rather than their favorite sports teams or players. This can make it more fun, as a game-like environment can be felt when placing bets.

New live casino games

There is no doubt that online casinos will need to work harder than ever in 2021 to attract new punters and keep current members as happy as possible. One way that they may achieve this, though, is by offering new live dealer casino games.

There are a number of players who are looking for better ways to enjoy games being provided, and many have decided to turn to live casino games as they will be able to receive an experience that is realistic and akin to one that can be achieved in a physical casino, therefore making things feel as real as possible.