Gambling in 2023: What's New

Innovation has always driven the community of gambling. With time and technology, innovation enabled gamers to play from the traditional land casino setup to online. But, according to Dmytro Kryvorchuk, Sales Team Lead at Slotegrator, there is more to come this 2023 and in the next five years.

What else will be coming in the next years for the gambling industry? Some include a changing payment ecosystem, the continued popularity of live dealer games, and more.

Are you enjoying your baccarat online? Eventually, you may need to pay for that. With the future of gambling into consideration, though, plenty still needs to be discussed.

Last November 2022, the collapse of the FTX international exchange in November 2022 led many experts in cryptocurrency to believe and predict that crypto payments would decrease shortly. Fortunately, it will not be a thing, as players are already used to using e-wallets, and cryptocurrencies are still spreading worldwide. Those who’ve adopted cryptocurrency are unlikely to return to cash payments, and the anonymity provided by crypto is widely prized.

With the pandemic, many businesses shifted their marketing and operations digitally. Thanks to online casinos, the casino industry still somehow managed to thrive. Comfort and convenience allowed digital gaming to bloom, even if most traditional businesses remained closed. With live dealer games, online players still had a semblance of the human touch, thanks to the dealers.

Thirdly, VR is another trend that will continue to become popular in gambling. VR stands for Virtual Reality. Most digital casinos have already given gamers opportunities to join a virtual environment, although most are still young and are less feasible for real-money games.

In addition, 32% of American gamers and 24% of British gamers still need to find applications for VR due to their costs and need for compatible content. In addition, the third-quarter results from Meta for 2022 indicate a drop in share prices by 25%. This meant that this might be something more feasible to explore in 2023.

Furthermore, another trend that will become more feasible to explore in 2023 is stream betting. Stream betting takes place, as derived from its name, through a live video stream. Sadly, though, Twitch banned stream betting, so stream betters have had to make adjustments where their platforms would be more welcome.

Fortunately, though, there have been more new avenues where these platforms could have new homes, including DLive, Trovo, and Mixer, all of which have tried to fill the hole Twitch used to fill.

The last trend of 2023 would be the importance of AI. AI is short for Artificial Intelligence. From communication to gambling, AI will not easily go away. Integrating AI and Machine Learning (ML) in digital gambling platforms promises a better user experience.

In the gaming industry, AI has changed it for the better. AI has and continues to do some of the best things for gaming, and gambling is flagging suspicious activities, protecting firms from fraudulent activities, and hefty non-compliance penalties.

This 2023, several trends will boom in the field of gambling. But, in the next five years, they also might remain.