The iGaming industry has been growing rapidly for a long time but there has never been such a global rise as in 2020. Massive prohibition on visiting land-based casinos forced gamblers to move to the online space.
In March 2020 alone, the volume of the digital market increased by 3%. According to Gambling Craft forecasts, the industry will continue growing, and in 2021, the revenues of the online sector will increase by another 7%.
The 2WinPower team has prepared a list of major market changes and the most promising trends.
Operators of virtual platforms should pay attention to the following tendencies:
In 2020-2021, many countries revised the regulation of the gambling market and made several amendments to the existing legislation.
Despite the tightening of international control standards, entrepreneurs have more opportunities to distribute mobile products. Since March 2021, casino software can be downloaded in Google Play in 19 countries all over the world.
Legislative innovations in foreign gambling markets
In Spain, operators cannot use media networks during the daytime. To promote casino games, a “break” is allocated from 1 am to 5 am
Blocking of traffic
Since the summer of 2021, the Curacao regulator will automatically block users from those countries where gambling is strictly prohibited
Finland and Belgium have introduced daily and monthly limits on user deposits. They can place bets of no more than 500 euros per day.
In the UK, the daily betting limit is 50 euros
New tax rate
From July 2021, online casino operators in Germany will pay the following additional commissions:
Games without credits
The UK Commission does not allow casino operators to accept bets that were placed via credit cards
Specialists of the 2WinPower studio have made a list of countries with the most convenient and favourable conditions for running a casino business:
More than 450 international gambling projects are registered in this offshore zone. The local regulator makes every effort to attract new foreign investors and offers the following benefits:
The jurisdiction controls about 25% of all gambling projects. The local regulator offers licensees the following benefits:
This jurisdiction has an impeccable reputation in the field of casino licensing and control over gambling projects and is included in the white list of the Organisation for Economic Co-operation and Development.
Advantages of obtaining a licence on the Isle of Man:
In 2017, just 10% of the industry's total income was accounted for by mobile games. According to the forecasts of H2 Gambling Capital, in 2021, mobile gambling will bring 50.8%.
The growth trend will be still relevant in the next 3–5 years. By 2025, the volume of the mobile gambling sector will exceed 58.2%.
The large-scale popularisation of mobile gambling has led to the appearance of the Mobile First trend: first, developers create content for smartphones and tablets, and then they adapt it to desktop versions.
Another trend that is gaining popularity in 2021 is the combination of mobile solutions with AR and VR technologies. Pilot projects in the VR format have already been released by the flagships of the IT industry: Google, Microsoft, and Oculus.
After recent events, when the cost for a closed block fell from 12.50 to 6.25 bitcoins, this digital currency broke another growth record. At the start of this year, the cost of the BTC increased by 61% and reached 55 thousand dollars.
Several large industrial and IT corporations paid attention to cryptocurrency. In early 2021, Tesla invested 1.5 billion dollars in bitcoins. So far, this is the largest one-time purchase.
Payments in digital money are already available in the PayPal system. The CEO of Visa also announced the possibility of supporting cryptocurrency transactions. The pilot project will be launched by the end of 2021.
According to the forecasts of H2 Gambling Capital, by 2025, every second gambling platform in the world will accept bitcoin payments.
The decision to enter foreign markets is an important stage of the development of the gambling project, which offers operators new prospects and opportunities.
To work with minimal risks and guarantee a quick payback of your startup, it is necessary to pay attention to the following trends:
To learn more about the latest gambling market trends, please turn to the managers of 2WinPower.
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