A new year is upon us, and many of us in the iGaming sector are gearing up for a busier, more lucrative year than ever. But what lies ahead and what to expect in the world of iGaming in 2023? In his latest column for Yogonet, iGaming industry consultant Ron Mendelson discusses some of the trends piquing our interest right now.
Metaverse casinos
The metaverse is widely tipped as the next iteration of the internet- a central, single, immersive, and shared 3D virtual space where users experience the online world as avatars, navigating a digital environment rather than simply websites and apps. For example, if you visit an online clothes shop, instead of merely picking the clothes you like and buying them, your avatar could browse an actual shop, try them on, and then buy. Metaverse casinos are online gambling platforms that exist in the metaverse, allowing virtual gambling that players can take part in from their mobile, tablet, or computer.
It will enable them to enter a virtual casino as an avatar and participate in games using VR and AR while also interacting with the environment and other avatars around them. The concept of AR casinos has evolved over the last three years, and more gambling operators are looking at it as a valid avenue for expansion. Users typically only use cryptocurrency tokens in metaverse casinos, but these can be exchanged for fiat currency if they wish once the withdrawal has occurred.
Novel presenter games
Live dealer games and online casinos have been around for many years, but in 2023, they will really come into their own. This is due to a combination of factors, including increased digital capabilities such as fast internet, streaming technology, high-quality cameras, and efficient mobile devices. This, combined with consumers growing penchant for immersive digital experiences and on-demand entertainment, has meant the live dealer sector is set for great things.
Also known as novel presenter games, the number of offerings and variations available is set to increase, and new verticals will emerge, offering more diversity and innovation for players. VR and AR will also play a big part in the sector as both become more accessible to regular players without the need for expensive accessories.
Complex loyalty schemes
VIP and loyalty schemes have long been an integral part of the online gambling sector. They help operators build their client base, retain players, and grow revenue, and they are a big selling point amid a sea of competitors. These schemes previously included benefits like deposit matches, loot boxes, leverage, points, prizes, and discounts.
But in 2023, other kinds of ideas are emerging, such as staking, which provides for players to lock in a percentage of their assets in the operators’ vault in return for a share in profits paid out. This is just one example of how VIP and loyalty schemes could evolve, not forgetting the use of NFTs, cryptocurrencies, and other innovative technologies.
Skill-based gambling
Skill-based gambling, as opposed to luck based, is also experiencing a moment. For example, blackjack, poker, craps, and backgammon are just some of the games surging in demand. In the online gambling world, in terms of chance games, the house always has the edge, but with skills-based gambling, the balance can be different. A number of operators have chosen to invest more in skills-based gambling to compete with brick-and-mortar casinos. The shift from players from the offline world to the online world is continuing, and operators need to be poised to take advantage of it. Combined with AR, VR, the metaverse, and live dealers, skills-based gambling is vertical to watch this year.
Fast Offshore has been working in the online casino sector for over 25 years. Our team is ideally placed to assist you with every step of the process and manage your corporate needs going forward. To speak to a member of our team today, contact us here.
Original article: https://www.yogonet.com/international/news/2023/01/11/65669-what-to-expect-in-igaming-in-2023
