Future of iGaming: Online Gambling Trends to Watch in 2024

The online gambling landscape is continuously evolving. As we move into 2024, several key trends are expected to shape the future of the industry. From innovative technologies like virtual reality (VR) and cryptocurrencies to shifts in regulation and player preferences, operators and affiliates need to stay ahead of the latest developments.

In this article, we explore the top online gambling trends to watch at MrGreen ES in 2024. Understanding these shifts will be crucial for iGaming businesses looking to succeed in an increasingly competitive space.

The Rise of VR Casinos 

One of the most exciting tech trends in online gambling is virtual reality. VR creates immersive simulated environments that let players feel like they’re inside a real casino.

According to ResearchAndMarkets.com, the VR gambling market will grow at a CAGR of 21% from 2022 to 2027. By 2024, we expect to see leading operators launch dedicated VR casino sections.

Key stats:

  • At least 10 major online casinos will introduce VR games by 2024
  • VR poker tables and slots will be among the first games developed
  • Headset technology will improve to enhance realism and accessibility

VR provides an extra layer of escapism for players. The social atmosphere also replicates the energy of brick-and-mortar establishments. As the technology advances, VR casinos will become mainstream.

Cryptocurrency Gambling Goes Big 

Cryptocurrency has already made sizable inroads into gambling. However, we expect the use of digital coins and tokens in iGaming to explode in 2024.

In the past year, Bitcoin casinos and sportsbooks have thrived. Ethereum, Litecoin and Tether are also popular. Moving forward, operators will support an ever-wider array of altcoins. Crypto gambling brings faster deposits/withdrawals, privacy and reduced fees.

Predictions show:

  • Cryptocurrency gambling traffic will grow by over 155% by 2025
  • 73% of players are interested in using digital currency
  • Transaction volume will surpass $100 billion in 2024

Regulatory barriers remain in some jurisdictions. But as crypto becomes mainstream, most brands will integrate blockchain payments. This will make iGaming more convenient for the digital generation.

Rising Popularity of Skill-Based Games Slots have traditionally dominated online casinos. In 2024, we expect to see fresh growth in skill-based games like poker, blackjack and sports betting.

Research shows Gen Z players prefer games that challenge their ability over pure chance:

  • 63% of Gen Zers find skill-based games more appealing
  • 78% think their skills give them an edge against the house
  • 52% play skill games to make money from their expertise

Operators will cater to this with larger skill game libraries. Variants like Blackjack Switch and Texas Hold’em Bonus Poker give seasoned players an extra test. We’ll also see innovation in casual skill games like backgammon, gin rummy and mahjong.

Tournaments, leaderboards, and cash prizes will attract new skill game fans. With strategic decisions involved, it expands the betting possibilities beyond slots.

Shifting Attitudes Around Responsible Gambling 

Responsible gambling has been an afterthought for many operators to date. But with gambling disorders rising globally, trends are shifting.

A 2021 study revealed:

  • 2.6% of adults suffer from a gambling disorder
  • A further 13.8% are at risk
  • 70% of problem gamblers commit crimes to fund the addiction

Brands can no longer ignore this issue. Predictions for 2024 include:

  • 78% of brands will introduce responsible gambling messages and tools
  • 62% will set mandatory limits on deposits and play time
  • 54% will ban credit cards to prevent spiraling debt

Operators must balance profits with duty of care. Voluntary schemes like GamStop and Gamban allow players to self-exclude across multiple sites. These prevention measures will define the brands taking RG seriously.

The Verdict: An Exciting Future Lies Ahead 

While these certainly aren’t the only trends we’ll see in 2024, they represent seismic shifts in key areas.

VR and cryptocurrency will drive innovation in iGaming. Skill-based games and responsible gambling initiatives also tap into wider consumer behaviors. Agile operators who capitalize early will be industry trailblazers.

There are still challenges around regulation and responsible business practices. However, the potential for growth is astronomical. Statista predicts the online gambling yield will hit $127.3 billion by 2027.

One thing’s for certain – with players craving novelty, the future of online gambling looks bright. The time is now for brands to invest in customer-centric technology and experiences. By placing bets on the right trends today, iGaming firms can reap the rewards as these innovations move center stage.