How the Gambling Industry Has Evolved in the Last 10 Years
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The first officially documented casino to have ever been established in the history of civilization was the Casino Di Venezia found in Venice, Italy. This was way back in 1638 and this marked the birth of what would become one of the most lucrative and influential recreational markets in the history of the world. The casino industry is very interesting in the sense that it maintains a lot of the traditional allure that it had back when it was first born. There’s still the same kind of appeal, excitement, and hype surrounding the activity. A lot of the games that were being played back then are still even popular today.
However, there’s no denying that the industry has undergone some massive changes and developments since then as well. This is only a natural occurrence in the life cycle of any global market. The world is continuously evolving and it’s the job of industry to try to keep up with the changing times. That’s the reason that the gambling market has managed to thrive even in the midst of a rapidly changing world. For this article, we will go over some of the most prominent
evolutions and innovations that have taken place in the gambling industry over the past 10 years.
Game Evolutions
In the earliest days of casino gambling, there were only a handful of games to choose from. Naturally, many casino operators understood that they would need to find a way to evolve their collection of games over time in order to sustain their clientele. Of course, there are a bunch of classic games like poker, blackjack, and roulette that are considered as mainstays in the gambling industry. However, a lot of operators and game developers are coming out with newer games that appeal to newer audiences as well. In particular, so many slot games have been coming out in recent years. And it’s the reason why slot games continue to be the most popular casino game in the world, whether offline or online.
Online Gambling
Over the past year, the world has taken a rather aggressive shift towards becoming more digital. As such, the casino industry has been making gigantic pivots towards online platforms in order to cater to these shifting trends. There are now a bunch of reliable online casino platforms that players can find on sites like Casinofy. One of the main reasons why online gambling has really taken off is because of the convenience and accessibility it provides to gamblers who may not necessarily be in close proximity with land-based brick-and-mortar gambling establishments.
Mobile Gambling
Mobile gambling is considered as the natural evolutionary shift of the online gambling industry as a whole. In the past, gambling online was purely relegated to merely accessing websites via web browsers like Internet Explorer or Google Chrome. Nowadays, more casino websites are developing dedicated mobile versions of their platforms that players can access via their mobile devices like smartphones and tablets. This will allow gamblers to place their bets on their
favorite games even when they’re on the go.
Crypto-Adoption
This is one of the newer developments in the world of online gambling and that’s the adoption of the blockchain-powered technology cryptocurrency. Essentially, for those who are still unaware, cryptocurrency is considered by many experts in the field of tech and finance to be the future of the global financial system. It’s money that only purely exists in virtual form and can be used as a viable payment across various digital platforms. Many online casinos have seen the vast adoption of cryptocurrency across various markets and have decided to adopt this trend for themselves as well. That’s why many casinos now accept cryptocurrency as a viable form of payment for betting and withdrawals.
Legal Leniency
Lastly, more and more governments are now legalizing gambling within their specific jurisdictions. At the end of the day, gambling is an incredibly popular recreational activity. There are so many people all over the world who engage in gambling despite living in places where the act is prohibited. Rather than fighting it, many states have embraced gambling and are looking to capitalize on the tax revenues and benefits that come from such a lucrative market.
