2020 definitely was a year that changed the normal rhythms of lives for billions. The COVID-19 pandemic led to a new global crisis and pushed hundreds of thousands of businesses to close. While some of them were and still are experiencing a recession, others go through a real boom. One of the few industries, which took advantage of the unstable global situation was online gambling. Staying at home and not being able to go gamble at traditional land-based casinos, people might as well do that via their PCs or smartphones. Along with the increasing number of newcomers, online casinos such as CasinoChan Casino are expected to have unprecedented growth.
Increasing growth of the market
The statistics indicate growth of online casinos of approximately 13% from 2019 to 2020 (it would be 65 billion dollars in numbers). And as expected, the pandemic will most likely be around for at least two or three more years, it will take some time to go back to “normal” casinos. In this regard, the more rapid growth is expected for the upcoming years. And there are few reasons for that. First of all, mobile gaming is getting popular and many people prefer gambling via their phones nowadays. Modern technologies allow us to have all the necessary tools for comfortable gambling with a fast Internet connection, more features, a bigger screen, and better visuals. Online casinos do not miss out on that and use all of it to their advantage. Second of all, the laws regarding online casinos are starting to change. Recently, countries like the United States and Australia would completely ban online gambling for operators from within. Now the situation has changed and the future for online casinos seems even brighter.
The usage of Blockchain
A significant number of online casinos use cryptocurrencies as the allowed payment method. Moreover, some of them are expected to have only this type of payment as the only way possible. No surprise considering how popular cryptos have become. Some casinos even offer bonuses for those who use cryptocurrencies, which is undoubtedly a great way to promote them. Also, cryptos are a possible way of resolving trust issues between gamblers and casinos as they are based on the blockchain system. Now, people can easily get access to all of their transaction history and make sure that a casino paid out everything, and see if anything odd happened.
Promotion of Responsible Gambling
Many casinos try to focus on responsible gambling more. The reason for that is the rise in mental health issues among websites visitors. Though, this trend is more suitable for highly developed countries like Sweden or the United Kingdom, where all the standards for online gambling have to be met. These measures include an age restriction, different banners to limit the unhealthy desire to play and lose everything, as well as lowering bonuses for new players. The majority of online casinos, on the other hand, would not raise awareness of the potential harm of gambling addiction, which remains a big problem.