Trends and predictions for the gambling industry in 2024

In the fast-paced world of iGaming, if you don’t embrace the trends, you’ll be left behind. As we prepare for 2024, let’s take a look at some of the new tech that will define the future of the industry.

Few industries are as quick to jump on new tech as iGaming.

The very inception of the industry was based on a cutting-edge idea, moving entirely online long before every business under the sun started doing so. And online casinos and sportsbooks were quick to realize the potential for mobile devices.

Here’s a rundown of the new technologies you can expect to shape the near future of iGaming.

Blockchain and Cryptocurrency

While the price of Bitcoin may boom and bust, overall, cryptocurrencies and other applications of blockchain tech are here to stay.

Blockchain technology has long been a guarantor of security in online casinos, often being used in game development to ensure RNG integrity. Blockchain technology can offer transparency, reducing the potential for fraud, while cryptocurrencies can provide privacy and convenience to the players.

Crypto allows fast transactions across borders, avoiding obstacles and bypassing banks. Smart contracts enable automatic and accurate payouts, giving players a greater sense of security. Players can also use blockchain to protect their gaming accounts.

In addition to this, cryptocurrencies have other positive qualities.

While blockchain technology does not guarantee complete anonymity, compared to bank transfers or online payments, it does not reveal the names of the parties involved in the transaction to the government or other regulatory agencies, and therefore guarantees security.

In most cases, cryptocurrency withdrawals are much faster than bank transfers. Also, the commission for deposit is often lower than through other payment methods. Some casinos even offer bonuses for using cryptocurrencies while depositing.

In 2024, blockchain will revolutionize the gaming industry. By giving players ownership of in-game assets, it allows them to sell those assets on blockchain markets. Statistics indicate that every week, nearly 30,000 players engage in cryptocurrency-based gameplay at blockchain casinos, and that number continues to rise. The time is not far off when the majority will use blockchain technology exclusively.

Mobile Gaming

Mobile technology has revolutionized every aspect of our lives, and the online gambling industry is no exception. In the future, as smartphones become more powerful and mobile internet speed gets faster, mobile gaming will become even more popular.

As technologies like 5G emerge, mobile gaming will likely become indistinguishable from desktop gaming. 5G technology is another driving force behind the development of mobile gaming. This high-speed internet connection provides ultra-fast data upload and download, reduces delay, and provides a speedy connection.

Now that players can easily access online casinos via their smartphones, betting on the go has become the norm. This has pushed online casinos to make significant investments in the development of mobile platforms and user-friendly applications.

The spread of smartphones has made social media integral to daily life. Most people’s mornings start with browsing through their newsfeed or checking messaging apps. Social networks and other messaging applications strive to maintain user habits and add more and more new features.

That’s where the idea of Telegram Casino, a true breakthrough in mobile gambling, was born. Telegram Casino, by Slotegrator, offers an alternative to traditional casino sites using a chatbot seamlessly integrated into the messenger platform.

The main difference from interacting with a bot is the ease of use. Serving as an alternative frontend to the casino site, the bot simplifies registration, game selection, and depositing. The Telegram bot offers a range of activities beyond gaming, including chatting and accessing various services, all within a single chat room in the messenger app. Telegram Casino guarantees that gameplay will be fun, easy, and secure for both parties.

A significant plus in this story is the popularity of Telegram all over the world, which means that the user base will constantly grow, attracting more and more new players to your casino. As the mobile gaming trend continues to grow and expand to different markets around the world, Telegram Casino offers more and more promising opportunities for further growth.

Personalized gaming experience

Personalization has become essential for online casinos’ marketing and retention strategies.

This includes everything from suggestions for games the user might enjoy to offering motivations based on gameplay patterns and customizing settings to suit the gamer's desires.

Personalization can also be used for responsible gambling. It’s increasingly common (and, in some markets, required) for players to be able to set their own playing limits, both in terms of time and financial costs. This will help gamers to be safe and fully aware of their gaming habits. Lots of people stop playing after getting a pop-up message that they have reached their limit.

Artificial Intelligence (AI)

The global AI market is booming. Today, almost 77% of internet users use AI technologies to some extent. Global companies are already investing in artificial intelligence tools; IDC Worldwide predicts that by 2026, company spending on AI-centric systems will exceed $300 billion. By 2030, artificial intelligence will add $15.7 trillion to global GDP, a 14% increase.

Where does AI come into online casino operations?

Online casinos and sportsbooks are made up of many parts, all of which have to work in tandem in order for the project to be successful. This usually means collecting and analyzing tremendous amounts of data and acting on that analysis. Artificial intelligence is used to automate routine tasks that usually require a lot of time and an entire team.

AI can help operators establish criteria for determining fraudulent activities, segment players according to these parameters, and take action if necessary. For example, Slotegrator’s turnkey solution allows operators to set a duplication limit of players’ information and notify them when a fraudster creates several accounts. Such players can be automatically banned from playing in the casino.

AI also allows operators to scan and analyze target markets and audiences with extraordinary speed, promote new products with marketing tools and advertising campaigns, monitor players’ actions, detect possible risks and protect online casinos from attacks.

Furthermore, AI-based tools can significantly improve search engine optimization (SEO) by generating keywords, automating backlink analysis, and improving meta-fields. With its infinite range of applications, it’s no wonder that so many people are looking forward to the dawn of the AI era.

Virtual and augmented reality (VR & AR)

With these innovations, online casinos are revolutionizing the way they offer new and exciting gambling experiences. Virtual Reality (VR) technology has developed rapidly over the past few years, and the iGaming industry is always quick to embrace innovation. And some casinos are already using augmented reality (AR) technology to create 3D versions of popular games.

Virtual Reality (VR) technology is steadily making its way into the gaming industry and is expected to transform the way casino gaming is presented. VR offers players a deeply immersive gaming experience, and the technology allows developers to create personalized avatars based on the age, gender, height, weight and other factors of each user. By creating a personalized avatar for each player, the developers can ensure that all users have a truly unique gaming experience from the beginning to the end.

Imagine being instantly transported from your living room to a casino floor, simply by slipping on a VR helmet. In 2024, VR could make that a reality. Due to advances in technology and fast internet speeds, VR will bring a unique casino gaming experience to real life right from your living room.

Metaverse casino

The development of a wide array of technologies, including blockchain, artificial intelligence, VR and AR, and cutting-edge Web3 technologies have enabled developers to create metaverses. The metaverse is a 3D digital space that exists in parallel with the realm of the physical world, allowing users to interact closely with digital objects.

Over the next few years, the gambling industry is gearing up for the seamless integration of metaverse technology in an effort to improve customer experience and engagement. In 2024, metaverse casinos will become an increasingly common format of online casinos.

How can Slotegrator help?

To sum up, technological progress brings huge potential for the future of online casino operation. To learn more about their future use for the iGaming industry and how to start your iGaming business, contact us today for a free consultation. During free consultation, we will be happy to answer any questions you may have about how our solutions can increase your business value.