As the surge in mobile use continues to peak, so does the interest for mobile casinos globally. So, what are the dynamics shaping the mobile gambling industry?
Statista shows that there are over six billion smartphone users, and the number is closing in on the seven billion dollar mark in the next few years.
Other statistics show that global smartphone usage increased by 49.89% between 2017 and 2022, and by 2026 there will be over 7.5 billion mobile users.
From the above, it's clear that the world is going mobile. This is the most significant factor that is spurring mobile casino gambling.
Today, it's common to find gamblers enjoying mobile slots or poker on a mobile device instead of desktops. Considering everyone is on mobile, it's evident that gamblers will be playing on their portable devices now that they do almost all other things on mobile, from social media to reading work emails.
To confirm that mobile gambling has taken over, a report by The European Business Review says that 70% of the betting revenue comes from mobile gambling.
Besides the fact that mobile is taking over, several other aspects are spurring the growth of the mobile gambling industry. These are major technological innovations that are taking the mobile casino experience a notch higher.
One of the roles technology has played in the success of mobile gambling is the high-quality mobile casino games. The success of HTML5 in the casino industry is proof.
Casino software vendors create fantastic games while live dealer operators bring the land-based casino experience to players' smartphones. Furthermore, these games have been optimized for a smooth mobile gaming experience even while on the go.
One of the hassles of getting into the game in the last decade was the lack of reliable payment methods. Players were limited when it came to the deposit and withdrawal methods. Moreover, the transactions took too long.
But thanks to the advancements in the fintech industry, particularly mobile money transfer, banking at mobile casinos is easy. Players enjoy fast, secure, and affordable transactions right from their mobile phones.
When discussing how technology is shaping iGaming, it's hard to overlook cryptocurrency. Cryptos, for example, Bitcoin, Ethereum, Litecoin, and Dogecoin, are being accepted at many mobile casinos.
As a matter of fact, many players are opting to deposit and withdraw using crypto because of the affordability, swiftness, and notably, anonymity. As much as crypto is still not anywhere near fiat currency in terms of adoption, it's interesting that it dominates 4% of all online gambling.
The future of mobile gambling is bright; there's no doubt about that. While the adoption of mobile is naturally favoring mobile gambling, technology is also playing a crucial role. It offers players a better gambling experience, from the games and usability to banking options.