Advancements in technology have had a major impact on the online gambling industry over the past few years, helping it become one of the most lucrative sectors around.
The global market size was valued at more than $53.5 billion in 2019 and has been tipped to get close to the $60bn barrier by the end of 2020.
Increasing smartphone usage has also played its part, with research showing that mobile devices accounted for around one third of the gambling activity in Europe alone last year.
Many reputable gambling operators have now fully optimised their websites for mobile, with some of them also developing standalone apps that players can download.
These factors will undoubtedly help to power further growth in the online gambling industry, with experts saying that revenues could rise by around 12 percent per annum over the next eight years.
Read on as we take a closer look at mobile gambling and assess how things may continue to develop further in the future.
Slots Sites Set Mobile Example
While many operators have ploughed plenty of resources into establishing a strong presence on mobile, others have been slow to react to shifting consumer habits.
That is certainly not the case where winkslots is concerned, with their hugely popular mobile app featuring hundreds of excellent slot games.
The company says it offers more mobile slots available than players would find on a land-based casino floor, highlighting why it has proved to be so popular.
Wink have clearly worked hard to offer a slick gameplay experience on mobile and their efforts certainly showcase how far the tech has progressed in recent years.
Apps Making Their Mark in Sports Betting
Casino games are not the only sector of the online gambling industry that have benefited massively from the developments in mobile tech.
The sports betting landscape has changed dramatically as a result of mobiles, with people able to place bets at a time and place that suits their personal circumstances.
As with the casino sector, leading bookmakers have worked hard to ramp up their mobile offering, with many developing apps for their sportsbooks.
In addition to being able to place bets, many of the apps also allow punters to live stream events 24/7 so they can follow the progress of their wagers in real time.
Live Betting & Games Are All the Rage
In an age where instant gratification is the name of the game across many forms of entertainment, it comes as no surprise to find that this ethos fits neatly into online gambling.
Many casino operators now offer a wide range of live dealer games on mobile, allowing players to enjoy the same thrills they would enjoy in a land-based venue.
It is a similar story in sport, with bookies providing players with a plethora of live betting opportunities from around the world on a daily basis.
The introduction of 5G technology should improve these services even further, helping the industry leverage even more revenue growth on mobile over the next few years.
Future Trends in Mobile Gambling
It is highly likely that 5G will be just one of numerous tech developments that impacts mobile gambling in the future.
Payment processes are expected to be high on the list, with some operators currently offering a limited range of deposit and withdrawal methods on mobile.
As mobile tech keeps powering forward it is fully anticipated that this will be addressed, with options such as cryptocurrency expected to become much more widespread.
Standalone apps by casino game or sports category may also become more prevalent, as operators seek to offer a more comprehensive service to their customers