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4 Trends to Look Out For in the Casino Industry in 2024
Public Group active 1 year, 1 month ago12 months is an eternity in this industry, as casino brands often look to innovate and outdo each other, investing a lot of time and money to try to offer customers the fastest withdrawal and deposit times or the best choice of games.
What is the year 2024 likely to bring in online casinos, and will we see the continuation of some of the technological trends of this year, or will 2024 bring evolution to the industry?
More Crypto-Based Casinos and Cryptocurrency Use
Bitcoin and other cryptocurrencies have been embraced by the casino and online gaming industry, with a lot of high-profile celebrities even sharing their crypto gaming sessions online.
The trend seems to make a lot of sense for the industry, and crypto means quicker withdrawals, more security, and more convenience for a lot of casino gamblers. A good example is Ignition Online Casino which offers crypto gaming and a variety of different game choices, with some classic games like blackjack and baccarat available to play using crypto for deposits and withdrawals.
Players can also play slot games and live dealer games using crypto, and this trend is surely going to continue in the coming years with even more people embracing cryptocurrency, as around one in five Americans has already started using crypto and blockchain technology in their finances.
Anonymity and convenience are some of the main benefits of cryptocurrencies, but there is also the option for certain crypto games to be introduced which have new and interesting mechanics that aren’t easily done with traditional currencies. For example, a lot of games that have a stock market theme have been introduced in recent times, using cryptocurrency as the financial basis of the game, with the value increasing or crashing to zero, the player needs to try and cash out at the right time.
Along with its influence on the industry and the way the financial aspects of casinos work, crypto also has given developers the option to tweak some of the mechanics of casino games.
More Modernization of Land Casinos
Online casinos going through a boom doesn’t mean in-person casinos aren’t still popular, with many people still going to the casinos in Las Vegas and elsewhere to engage with real-life dealers and play against people around a poker or craps table.
Lots of these land casinos have been around for decades, some have even existed for centuries, and this means that there’s room for some modernization on the market, and embracing new technologies in the types of games offered. Lots of hand-crank slot machines and retro “one-armed bandits” have now been replaced by small monitors where players effectively use a computer interface for their gambling games.
Even More Games
Casino gamers already have the option to explore more games than ever before, with some casinos having thousands of different slots as well as table games and other unique offerings, along with online lotteries and free games people can play online.
There are hundreds of developers out there making games for casinos to use, and they’re not going to stop just because the market already has a lot of options. We’ll likely see hundreds of new slot games and different takes on some classic table games hitting the market in 2024, and new games will inevitably be produced with new and often unusual themes. Currently, slot game themes are as wide-reaching as fishing, pop music, and Aztec history, with casino games on offer in pretty much every niche imaginable to cater to peoples’ tastes.
Regulatory Changes
There’s always discussion regarding the laws of gambling, and there are lots of bills already in place to change the rules in the coming years, including a new set of rules in Rhode Island that will come into effect next year after an iGaming bill was passed.
Earlier in 2023 the state of Vermont was one of the areas to alter its rules to allow people to bet on sports events, causing speculation that this could be a sign that casino games will be allowed at some point, though no specific bill has been introduced. People understand the benefits that a regulated gambling market may bring, but the laws take a long time to change and bills may get voted down, so it isn’t a quick process to change gambling rules in each state.
Conclusion
We may see a new trend that nobody could’ve predicted in 2024, but in all likelihood, we’ll see some continuations of the industry growth we’ve seen in recent years in areas like crypto and blockchain technological advances.
Most studies predict that the casino industry will continue to grow, even though it is already worth more than $200 billion per year, and with more states considering regulating the casino industry, it makes sense that there could be more people playing casino games.