The last 15 years have seen the emergence of Igaming as one of the fastest-growing industries on the planet. By 2016, the iGaming industry was worth US$41.78 billion, and that’s set to grow to about US$100 million by 2024. This made many people question whether an investment in iGaming is worth it?
It is believed that the iGaming industry will remain the most significant area of the gaming industry in the coming years. For online gaming operators, the goal has always been to replicate the environment of traditional casinos, while delivering even something inimitable with added value.
By the looks of it, the better the technology and innovation, the better the gaming experience. Also, studies have shown that gaming has a lot of benefits, such as:
- Improves multitasking skills
- Enhances memory and concentration
- Promotes teamwork and build confidence
From a business and investing point of view, iGaming looks promising. If you think about it, any industry growing at 8.1% annually is clearly worth investing in. There’s never been a better time to get exposure to this growing industry.
At last, as long as it fits with your investment goals and long-term strategies, iGaming is a sector well worth taking a closer look at.
iGaming Industry Doesn’t Show Signs of Slowing Down Soon
With online casino sites and slots continuing to grow in popularity each and every month, the industry most certainly appears to be one that could prove to be worth investing in. If interested in slots UK players usually play, make sure to check here for more information.
As the iGaming industry continues to blossom, it has become very important for iGaming businesses and game developers within the sector to remain as competitive as ever before.
If there’s one thing that can be said with certainty, it’s that the iGaming sector does not show any sign of slowing down any time soon.
There have been several recent changes to laws and legislation in the US that have allowed for the iGaming industry to enter a market that is going to be potentially one of the biggest to have ever been made available to exploit.
Finally, with betting being extremely popular at the moment all over the world, there is no reason as to why investing in the iGaming sector does not reap any rewards.
Advantages of Using Crypto in the iGaming
With so many benefits available for crypto users, it doesn’t come as a surprise that most established online casino sites have started to adopt these as one of their offered payment options.
In general, there are many ways the immutable, transparent, and decentralized qualities of blockchain tech can improve the state of the Igaming sector, so what are some of the most prominent ones?
Firstly, as you may already know, unlike trades involving FIAT, crypto transactions are, in fact, very cheap and are performed extremely fast. Also, it should be noted that failed transactions in a blockchain environment are basically unheard of.
Secondly, the number one challenge of every iGaming business is the question of trust. Well, with a blockchain network in place, the fairness of the games is guaranteed by smart contracts. Not to mention that many people believe that crypto will be the future of money.
Finally, blockchain-based iGaming applications will open up more opportunities for new affiliate platforms to emerge. Thanks to the fact that there’s no reason to distrust affiliate pairings, this could turn out as the most cost-effective method of gaining traction in the iGaming industry.
The Future of iGaming
Generally, If there’s one thing that all experts can agree to, it’s that the iGaming industry will continue to expand at an incredible rate for most of the next decade. Undoubtedly, this industry has come a long way, but a lot is set to change in the coming years.
For instance, Virtual Reality can be used to create highly immersive experiences. So, by combining a live casino game with a VR headset, players would reach new heights of immersion.
Additionally, AI is being developed, which can offer gamers a fun challenge. AR and IoT are also contributing to the further development of iGaming software and hardware.
In conclusion, iGaming will continue to grow, innovate and thrive. And as of now, the end result looks like it will be more customers and improved financial performance.