Global economy, inflation, monetary policies, geopolitics, and Bitcoin’s inflation-hedging potential may influence its July 2023 price. This blog explores these topics in depth.
The Growth Of Mobile Online Casinos
Mobile online casinos have seen a massive popularity boom in the last few years. With the surge of players accessing their favorite casino games through their mobile devices, there has been an understandable impact on the gambling sector overall, particularly land-based casinos.
Land-based casinos, in particular, have felt the direct impact of the convenience, anonymity, and tailored bonuses that mobile casinos afford. COVID cannot be discounted as an important factor that has contributed significantly to the growth in mobile casinos, either. Read here to find out why players prefer online casinos.
With this rise in mobile gaming, many, if not all online casinos, have adopted a mobile-first approach, ensuring that their casino games are mobile-responsive and that their sites provide an intuitive and seamless experience on mobile devices.
So, what does this mean for the gambling industry overall, and what can we expect to see in the future of mobile casino growth? Punt investigates.
A Brief Look At The History Of Mobile Online Casino Growth
Mobile casino downloads have surged in recent years, reaching 1,155.9m downloads in 2022. This is remarkable, and is a clear indication of the trajectory of the future of mobile online casino growth. But before we can understand the significance of such numbers, it’s important to understand the origin of the rise of mobile gaming – and why it’s taken off so successfully.
Historical Development And Growth Of Online Casinos
Gambling in the United States has a relatively complex history. Having been completely banned in the 1890’s, it was only permitted nearly half a century later, having been formally legalized in Nevada in 1931.
Decades later, the evolution of technology saw the gambling industry explore avenues for online casinos. Online casinos started to pop up sometime around the mid 1990s, presenting gamblers with a new and convenient way of accessing casino games. However, the battle to legalize online gambling presented a long and arduous road ahead, with online casinos only becoming legalized in the district of Columbia in 2011. Nevada and New Jersey followed soon after, with both states legalizing online gambling in 2013.
COVID: A Direct Contributor To The Rise Of Online Gaming
One cannot discount the role that COVID played in paving the way to a rising popularity of playing online on mobile.
COVID was a major factor that directly contributed to the rise of mobile gaming. Strict lockdown regulations affected not just the gambling sector, but all forms of entertainment, pushing people to opt for online gambling to pass the time.
Adoption Of Mobile Technology And Its Impact On The Industry
The rise in mobile gaming has seen a surge of technological advances. Smartphones and tablets have evolved to cater to the demand of on the go gaming, and the wide adoption of these devices has directly impacted the demand for mobile casinos that offer mobile responsive gaming.
Additionally, technologies such as HTML5 have enabled mobile casinos to flourish, as it is now easier than ever before for mobile casino game developers to create premium games for mobile devices.
Apple, for example, is a hugely popular device for players to access casinos on, with the brand’s ever-evolving technological improvements providing a seamless and enjoyable mobile experience for gamblers overall. For example, the Apple 14 has been a massive success since its 2022 launch. The phone’s long-lasting battery life means that gamblers can play casino games for longer, at home or while commuting. Studies indicate that as much as 96% of online casino players prefer to play from home.
? Pssst! Don’t have an Apple iPhone? We’re giving one away! ?
Gamblers are also able to get more out of their gaming with high resolution and color accuracy, allowing for sharp and crisp game graphics, and providing a more immersive and graphically intense gaming experience overall.
Mobile Apps – A Total Game Changer
In the early days of online casinos, most gambling sites offered a ‘mobile-friendly’ browser version of their casino. Smartphones changed the game, particularly iOS and Android. These devices allowed for the fine-tuning of a mobile product offering, with many casinos offering a downloadable app for gamblers.
The last few years have seen a steady increase in the number of gamblers preferring this route to playing online, primarily because of the ease of accessibility. It didn’t hurt that these apps provided the same experience as could be enjoyed in browser, either.
With 4 billion smartphone users globally (a number that continues to grow), and with over 90% of the mobile population using the internet, casinos are having to adapt to the increased demand of the online gambling market. Players want to access games from their mobile device – preferably through an app – accessing games in just a few taps. As technology advances, so does the consumer’s need for utmost convenience, and an improved consumer journey.
The Benefits Of Mobile Online Casinos
There are myriad benefits to playing at a mobile casino, including:
- Convenience and accessibility
- Improved player experience
- Increased game variety
Let’s take a look at how these advantages have shaped the way that gamblers play.
This is a huge pull, and it’s one of the main drivers around why so many people have opted to gamble online. It’s quicker in that you can access your games on mobile instantly, and it’s more convenient because you can access the games from wherever you are. You don’t have to drive to a brick and mortar establishment in order to enjoy games. You don’t have to leave your house at all! Smartphones and the internet have made it possible to access casino games from anywhere, at any time.
Improved player experience
Powerful graphics, intuitive navigation, lightning-fast loading speed, and simplicity of access are just some of the benefits that come with mobile play. Casinos have finessed their mobile gaming platforms to provide a pleasurable gaming experience, with undeniably improved graphics and overall quality. Plus, the introduction of live casino games has provided a portal to a ‘life-like’ casino experience, without players having to leave the comfort of their homes.
Increased game variety
Most online casinos offer thousands of games. Additionally, their providers work around the clock to develop new games regularly, meaning that there is always something new for players to enjoy. Unlike traditional land-based casinos, which very seldomly add new game offerings, online casinos are constantly reinventing the reel. They add new games often, with innovative bonus features, imaginative storylines, and improved graphics to boot.
Mobile Casinos: What Are The Risks?
The challenges and risks of mobile online casinos include:
- Dependence on technology
- Regulation and compliance
- Security and privacy concerns
Dependence on technology
With increased accessibility, there is a risk of dependence, and an increased risk of developing a gambling addiction. This is not confined to the gambling realm, either – with data pointing to people spending as much as one third of their waking hours glued to their smartphones. App monitoring devices have concluded that people spend as much as 4.8 hours a day on their mobile device – a significant chunk of time that may take away from work productivity and time spent with loved ones.
Regulation and compliance
Regulation of gambling exists to ensure that players are gambling at safe online casinos, and that the risk for developing a gambling addiction is lessened. Regulatory measures include the types of language casinos use to sell their product, the types of offers they extend to players, and the territories in which they can operate. It also exists to ensure that casinos are responsible in who they market to – including not being allowed to offer casino games to anyone below the age of 18.
Since governments and regulatory bodies cannot necessarily monitor who downloads mobile casino apps, the onus falls on the casino itself to ensure that they are engaging in safe and fair gambling practices.
Potential privacy and security problems
Connecting to the internet always provides a risk. However, players accessing casino games through a public wifi network may be more at risk. This puts gamblers at risk of potentially sharing sensitive private personal and financial information.
The Future Of Mobile Online Casinos
So, how is the wide adoption of mobile, and the prevalence of mobile casino apps, changing the way that people gamble? Well, it’s certainly revolutionized the way that people play. Smartphones have made it easier to access casino games, ticking that alluring convenience check box.
Plus, it’s hassle-free in that mobile apps can be accessed within a few clicks. Additionally, the rise of bitcoin casinos means that players are no longer confined to traditional modes of payments, and can now access their winnings even faster. Crypto casinos also make it easier to gamble anonymously (and safely) – a massive appeal to many gamblers online.
Mobile Online Casino Market Expected to reach $154.81 Billion By 2030
Industry statistics have shown that of those who play online in the United States, 55% are gambling using their mobile phone. The portability, and the ability to gamble while commuting, makes gambling on the go the preferred method of accessing their online casino entertainment.
Additionally, the ability to gamble using cryptocurrencies is another huge pull – an advantage that many online casinos offer, and which is made even more accessible through the development of mobile crypto apps that make transactions at mobile casinos that much easier.
The Mobile Gambling Market is expected to reach USD 154.81 Billion by the end of 2030, registering a CAGR (compound annual growth rate) of 12.10% during the forecast period.
Final Thoughts: Is The Future Of Gambling Here?
The world is rapidly changing. Technology has evolved to accommodate our fast-paced lifestyles. Our traditional modes of connection have been disrupted, and every industry has had to adapt to a new way of doing things. With the astonishing rate at which mobile casinos have grown over the last few years alone, it’s plain to see that the future of casino gambling is already here.
We’re likely to see a surge in crypto casinos, with wider adoption globally as countries move towards regulation and legalizing of more territories. We’re excited to see where this takes us – and what this means for the possibility of online casino gaming overall.