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The Interactive Gaming (iGaming) industry is constantly evolving and offering something new to gamblers. Growing competition is the best stimulator of these changes, if we don't offer players something new, interest will decrease. The specialists analyzed the trends of online gambling and identified the most likely scenarios for this segment of the next year.
During the period from 2021 to 2022 online gambling grew at an incredible rate. The main reason for this skyrocketing popularity many experts cite the consequences of the coronavirus pandemic. Land-based casinos became inaccessible for many players, so online gaming platforms became the best solution. Many online casinos have seen an increase in player activity of more than 67%, which is a record figure.
The main thing is that these are not temporary figures, in 2023 many people will forget about the pandemic and the problems that are associated with it, but the popularity of online casinos will not decrease from this. The experts from the gambling industry agree that a part of gamblers will continue to use the services of online gambling platforms. They have already experienced all the advantages of such a method of betting and do not want to give them up. Because of its ever-growing popularity, it can be assumed that the iGaming industry will change.
What can we expect in 2023?
Based on the research and trends in the gambling industry as a whole, we can determine with high accuracy what gamblers can expect in the future. It can be noted right away that players have a lot of interesting and new things to look forward to.
“I've been watching online gambling change for several years now, and I'm doing it at an incredible pace. I love what we're going to see in the near future, a whole new level of gaming that the world hasn't seen before. — Rose Davis.”
The outlook for this field is very good indeed. Canadian gamblers are already starting to see changes in 2022, but what will happen next? Let's look at the possible changes in the online interactive games industry that our expert highlighted.
9. Virtual Reality (VR) gaming
One of the foundations of the development of any entertainment industry is technology. If 5 years ago we spoke about virtual reality technology as something distant, today it is a technology available to everyone. Given the increasing number of VR equipment manufacturers and the development of technology in general, many experts agree that online gambling of the future will be based on this direction.
Even today, there are some online casinos that offer gamers to run VR games. Call it a mass phenomenon, but the technology is gradually attracting the attention of more and more players. In 2023, virtual reality games in online casinos will be a real hit. Gamblers will specifically buy headsets to experience a whole new level of gambling entertainment.
The main reason for the popularity of such technology may be the same coronavirus pandemic that forced players to move to online casinos. Online gaming platforms offer many advantages to their gamblers, but it is still difficult to compare them to land-based gambling halls. Virtual reality allows gamblers to recreate, from the comfort of their own homes, the very atmosphere of a gambling hall that they lack.
8. Active implementation of artificial intelligence (IOB and IoT)
IOB is a type of AI, which allows you to determine the potential behaviour and interests of the user on the Internet. This technology is actively used today by large companies that sell advertising over the Internet. You've probably noticed that online advertising has become more targeted in recent years. The user gets what they are interested in, not random ads that only irritate. This is exactly the kind of technology that will be used in online gambling.
IoT—This technology is also known as the Internet of Things. This is another kind of artificial intelligence, which allows making the industry of interactive games better. The main task of IoT is to collect information about players on different platforms, then create more interesting entertainment for them.
IOB and IoT will allow gaming platforms to determine their customer's desires with incredible accuracy and offer them exactly the kind of gambling entertainment they came for. Importantly, for the gaming platform itself, this will completely eliminate the need for staff. All the work will be done by automatic programs based on artificial intelligence.
This will completely change the industry of interactive games, making it more fascinating for potential players. In turn, this fact will attract new gamblers to the industry, and thus provoke even more intense development.
7. Transitioning to responsible gaming at online casinos
In 2023, Canadian players have a lot to learn about how to gamble properly and not expose themselves to increased risks. Pressure from certain countries' legislation, responsibility to players, and an attempt to make the interactive gaming industry the backbone of gambling entertainment are all reasons why gaming platforms are so inclined. If players come, lose everything and leave, then no development is to be expected.
Over the past few years, gamblers may have noticed a lot of information on gaming platform websites about the importance of playing responsibly. In 2023, there will be much more of this information on online casinos in Canada.
6. Shaping new markets
Today, the iGaming industry is growing globally, rather than targeting only one particular region. However, there are countries where online casinos are less popular or non-existent. In 2023, we can expect a significant expansion of this market and its impact on the gambling industry as a whole. In particular, the regions of Latin America, Africa, and Asia are likely to actively join the iGaming industry.
For the gambler, this means that there will be more players and increase the capitalization of the gaming industry as a whole. This is sure to lead to another leap in the development of online gambling and the innovations that make it so interesting.
5. Active use of blockchain technology in online gambling
Blockchain is a distributed ledger technology (DLT) that is being actively used in the currency market today. In 2023, there is a good chance that blockchain will start to take over the interactive gaming market, being actively used by gaming platforms. It is difficult for a beginner or even an experienced gambler to understand how this technology works and what it brings. We have created a comparison chart for you to see what benefits blockchain will bring compared to traditional gaming architecture.
Parameter for comparison |
The classic architecture of online gambling operation |
Online casino operation based on blockchain |
Security |
The gaming platform is hackable |
Hacking an online casino based on blockchain is much more difficult. With competent implementation of the technology, hacking is virtually impossible. |
Management |
Manual management, performed by one person or a group of administrators. |
The gaming platform is not centralized, the community manages it. |
Anonymity |
Information can be accessed by anyone. |
Third parties have no access to confidential information, anonymity in blockchain is guaranteed. |
Currency |
Classic fiat or paper money, such as the Canadian dollar, is accepted for payment. |
Cryptocurrency such as Bitcoin (BTC), Ethereum (ETH), Teder (USDT) and others are used. |
Transaction security. |
Fraudulent payments are present, transactions can be intercepted by third parties. |
Cryptocurrency transactions are secure, the user has more tools to create, track and control financial transactions. |
Commissions and payment time |
International payments are time-consuming and often come with large commissions. |
Blockchain technology reduces commissions to a minimum and makes all transactions instantaneous. |
4. More players will start using cryptocurrency in online casinos
There are already crypto casinos available to Canadian gamblers today. In 2023, there will be more such gaming platforms, as cryptocurrency has proven to be the best. The main advantages of cryptocurrency are complete anonymity of payments, the maximum level of security, instantaneous processing of transactions and minimal commissions.
It is also important that if previously cryptocurrency was inaccessible to most people, today you can buy it directly in your electronic wallet. Most often, gamblers from Canada use such cryptocurrency for betting on games:
3. Mobile games will become the basis of gambling entertainment
Even today, most of the gamblers from Canada prefer mobile casinos. Almost every gaming platform site has an elaborate mobile version, and gaming software can be run in the browser of a smartphone or tablet. Game developers have been actively using HTML5 technology for several years, which made it possible to play from the screens of mobile devices.
The popularity of such games says that providers in 2023 will focus on mobile devices. More variety in entertainment, higher quality graphics and improved stability of mobile games is what is in store for gamblers in the next year.
It's a real advance in technology, making life a lot easier. Just imagine how much easier and faster it has become to place a bet or play poker. You don't need to have a computer, let alone go to the Bellagio Casino. Your mini portable casino online is always with you, which means you can always play a couple or three times and provide yourself with good emotions.
"The main proof of a safe and reliable online casino is that it is licensed. The player should check the trustworthiness of the regulator, the validity of the licence, the supported gambling sites. The casino should provide a link to this licence on the website of the issuing organization", recommends one of the casino expert of such web portal, Robert Lewis.
With mobile casinos, entertainment is always at your fingertips. Games will be available absolutely anywhere—out of town, on the subway, at work, etc., you only need a gadget and access to the internet. We love it, don't you?
2. Tougher control of online gambling
For many years now, special regulators have been trying to outline some kind of framework within which online casinos operate. The online gambling industry is not only enjoyable and exists for entertainment, but it can also generate passive income. Not surprisingly, countries are trying to create certain rules for the game.
In Canadian law, online gambling is already regulated and only licensed gaming platforms are allowed to operate. Nevertheless, we can expect regulators to tighten their requirements in 2023. This is necessary to ensure that players and operators do not go beyond the established limits.
1. Improvement and updating of online casino games
Back in 2021-2022, there was a trend of changing online casino game content. Providers began to create more modern games, with new features and functions. We can expect even more innovative games to appear next year.
New games update their software structure, making them more stable, secure and reliable. There are new slot machines with unique bonus features and technology, as well as amazing live dealer games. In recent years there has been a clear breakthrough in graphics and games have become visually appealing.
We've hand-picked for you some of today's games that showcase the major changes in online gambling:
Conclusion
The online gambling industry is constantly evolving and offering players something new. Already today we can see cryptocurrency becoming the main payment method of some Canadian gaming platforms and artificial intelligence technologies taking part in the organization of the gaming process. There is no doubt that in 2023, the use of modern technology will continue and reach a whole new level. Online casinos will be able to offer more interesting games to their users, as well as new functionality.
The specialists note that the development of the industry of interactive games will increase in its pace. All these changes and innovations attract the attention of new players, which means there are resources and the need to develop more.
