2 Interesting Facts About iGaming

From the very beginning, the internet has been seen by users as both an escape and a form or entertainment. From movies to music and all the endless types of fun content, the internet connects people and often can seduce them to spend some money.

That’s what happens within the realm of one of the main types of online entertainment, iGaming. The iGaming industry is much more of a huge and vast world than many of us can imagine. Being so diversified, it easily attracts a wild number of gamers worldwide. It’s no surprise that iGaming platforms are growing exponentially.

Here are two interesting facts and figures behind the growth of the iGaming sector.

Huge Sales

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Online gaming sales are growing at an impressive rate, always accompanying the equally impressive proliferation of countless digital games. The industry is valued in billions, and by 2020 is set to reach $60 billion, an increase of $36 billion in eight years.

Free-play-games with in-game optional transactions is responsible for much of this growth in sales, since players feel more confident and secure but, at the end of the day, are still enticed to purchase.

Female Gamers

Although stereotyped as a male hobby, the number of female and male gamers is pretty balanced, with 50% pending to each side. Some studies even conclude that the percentage of female players reaches 52%.

The market is obviously aware of the opportunities to diversify and profit. The iGaming world is gradually becoming more inclusive and now has options that attract virtually every group of consumers.

The iGaming industry has fully milked the power of the digital world and continues to do so, perhaps more and more at each stage of the evolution. The success of online gaming rests on top of years of intelligent planning, designing and promoting of this industry.

3 Things You Need to Know About the iGaming Industry

To put it very simply, iGaming consists of all the forms of betting online. It includes sports and casino games and, more recently, cryptocurrencies.

The most popular hubs of iGaming development in the world are located in Malta, Gibraltar and the UK.

Trends and Future

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Some of the online games that include casino slot elements, as well as those that combine them with role-playing adventures, are among the virtual games that are leading the industry. In the near future, augmented reality is set to take over the iGaming world.

It is also the general consensus among experts that, from 2018 onwards, Blockchain technology will kick-off a new revolution in iGaming. These types of casino platforms will increase in popularity due to its problem-solving potential in speed, security, scalability and winnings.

Conventional Versus Modern iGaming Platforms

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In fact, most conventional platforms for online gambling are legitimate and have a wide range of strict regulations overseeing them to make sure they adhere to the terms and can continue to have a gaming license.

With modern cryptocurrency technology and the Blockchain systems, online betting will turn all the main processes automated but also more transparent. That transparency will prevent criminal exploiting and loopholes. Gamblers will likely become much more confident with the iGaming industry.

Conferences

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Nowadays, conferences on iGaming are being held worldwide, signalling a shift in the sector. Some of the main topics those conferences tackle include analysis on the crypto market, reviews of state-of-the-art technologies and their usability, and also law regulations on online gaming locally, regionally or internationally.

With the articles on our blog, you will be better equipped to understand more about the vast, popular and promising world of iGaming.

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