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June 16, 2021

What is the future of the iGaming industry?

The iGaming sector is ever-changing as new legislations and jurisdictions appear, alongside the rapid technological advancements that are shaking up the way customers like to gamble online.

In the last five years alone, the iGaming industry has come a very long way. In 2012, the real-money betting and gaming sector was estimated to be worth $417bn (.pdf), with iGaming accounting for eight per cent ($33.8bn) of total net revenue. However, that figure is set to almost double by the turn of the next decade ($59.79bn).

So why is online gambling such big business and why is it increasingly taking trade away from bricks and mortar casinos?

The general consensus is that mobile gambling will remain the most significant growth area for iGaming in the coming years. This mobile-savvy generation of gamblers wants a user-friendly proposition that makes it easy for them to get their casino buzz wherever they are: on the way to work, on their lunch break, or at home in the living room.

For online casino operators, the biggest challenge of mobile iGaming is attempting to replicate the environment of a land-based casino, whilst delivering something unique with added value.

The added value comes with the plethora of attractive new customer bonuses and existing customer reloads that trump any loyalty package at a bricks and mortar casino. The guys at CBL make it easy for iGaming customers to find the very best bonuses, ranging from free bonus cash to free spins on exclusive jackpot games, giving players more opportunities than ever to win big online.

However, it’s also the way in which iGaming customers experience their favourite table games and slots that will keep them coming back for more in the years to come. Virtual and augmented reality is going to play an integral role in the evolution of the iGaming sector, bringing players closer to the action and driving more engagement than ever before.

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