Top 5 Trends for 2020 in the Betting Industry

SportsComments23 Mar, 2020
Top 5 Trends for 2020 in the Betting Industry

The gambling industry has evolved over the past decades. Technological advancements have brought most of these changes. For example, in-casinos were first established in 2019. The industry is expected to witness tremendous growth this year. Popular bookies like Betway might adopt new technologies to improve their customer experience. In this post, we highlight 5 trends you need to look out for in gambling this year.


1. Slot Machines Upgrade

Millennials are the target audience of many casinos. Some bookies have installed slot machines with a skill element to attract young gamers. Most of them played gaming consoles and video games as they grew up. The youth lose interest in games that have simple and monotonous graphics. Casino operators need to be innovative to attract and keep new clients. So, it is important to upgrade your slot machines frequently.


2. A Decrease in the Number of Land-Based Casinos

Land-based casinos have faced stiff competition from online casinos in the past decade. They are rapidly losing popularity in many nations. Statistics show that there was a sharp decline in the number of pundits who wagered at land-based casinos in 2019. Now, the casinos are only found in high concentrations in certain areas such as Jersey Shore or Las Vegas. It is tricky for many people to access them. Thus, many gamblers opt to engage in Betway live betting on PCs and mobile phones.


3. Live Betting

Live betting will gain more popularity in 2020. Mobile live gambling attracts more clients than PC gaming. Thus, sportsbooks will need to offer a great user experience on their mobile versions. Besides, many gamers like instant betting as it allows them to make deposits and withdrawals immediately.


4. Augmented Reality and Virtual Reality Casinos

Virtual Reality (VR) simulated the real environment. You can wear a VR headset with sensor gloves and a screen to enter the virtual space. VR has transformed the online casino experience of many people. Some casino operators provide VR-adapted slot games such as Virtual Reality Poker. Augmented Reality (AR) combines the virtual space and the real world to give you a virtual view of the globe. The technology uses the real environment to overlay new images. Pokémon Go uses augmented reality to provide a thrilling casino experience.


5. Artificial Intelligence and Machine Learning

Make people confuse Artificial Intelligence (AI) with Machine Learning (ML). AI entails using computer systems to simulate human intelligence and perform specific tasks. Machine Learning involves creating statistical models and algorithms for computer systems to execute special tasks. Bookmakers are using artificial intelligence and machine learning to automate their websites and offer improved customer experience. For example, AI can analyze the favorite games of most punters.

Technology and improved internet connection have caused online gambling to snowball in the recent past. Millions of punters wager at thousands of online casinos. Estimates state that the gambling industry will be worth $60 billion by December 2020. The number of people who gamble at Betway has steadily increased since 2006. Artificial intelligence, machine learning, Augmented and virtual reality casinos, live betting, a decrease in land-based casinos and slot machines upgrade are the top trends that will emerge in the betting industry in 2020.



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