While the North American casino market has lagged behind its European counterparts for a few years, the industry has recently gone through a tremendous period of growth. From land-based casinos licensed by local provinces to the emergence of online casinos, Canadians across the country are embracing the latest online casino technology.
2022 is no exception and the market is expected to continue growing. Last year’s statistics show a whopping 13% growth, in which online casinos fueled this. Below, we’ll take a look at some of the top casino trends driving this growth and look at what we can expect for 2022.
Growth of online VS physical casinos in 2022
2021 has been an anomaly for the casino world in which a large number of start-ups have emerged, especially in the esports industry. With a number of emerging online casino start-ups, the competition has increased significantly.
As such, providers like this online casino Canada have had to find new and innovative ways to continually attract and retain customers by offering a diverse range of games. However, many land-based casinos have been forced to shut down for most of 2021, not only helping to fuel the online casino industry, but forcing land-based casinos to move their services online or risk closing.
In 2022, the growth of online casinos does not seem to be slowing down and they are ready to continue innovating, adopting the latest online casino technologies that allow them to stay ahead of the competition.
A change in the position of online licensing
One thing that had a huge effect on online casinos around the world in 2021 was Malta’s gray listing of gambling licenses by the FATF. This decision meant that many online casino providers were asking to move jurisdictions to other licensing areas, and in particular Kahnawake.
Kahnawake Gaming License offers a flexible, cost-effective, and simple setup process, while being a respected jurisdiction, making it an attractive license for global start-ups.
There are currently around 250 licensed gaming sites under the jurisdiction and this is expected to increase in 2022 as new online gaming startups emerge.
Many casino providers have switched gaming licenses and in particular many have switched to Kahnawake’s license in Canada.
Emerging Online Casino Trends in 2022
Crypto casinos have recently become an increasingly popular option for online casino providers, with many casinos becoming single cryptocurrency casinos.
Crypto casinos not only provide a more efficient way to play, but also provide a safer way to pay and a more anonymous experience for players across Canada. As the cryptocurrency runs on blockchain technology, this means that transactions do not go through a central banking authority and therefore do not need to be approved.
Crypto payouts are also harder to track, which means players enjoy increased privacy and faster gameplay instead of having to wait for withdrawal requests and deposits to be approved.
While virtual reality technology is no longer a new trend in the gaming industry, it is starting to take the online casino industry by storm. As VR headsets have become more accessible in the market, more and more online casino games have started to incorporate such technologies.
One of the ways virtual reality is used is through live poker games. Traditionally, these games lacked experience in the virtual world, while the introduction of virtual reality has helped bridge the gap between physical and online casinos.
With the development of VR game, there is a chance that we may see VR be introduces more to the world of online casinos.
The rapid growth of esports betting
Esports is set to be a huge trend for 2022, in which we’ve already seen esports rapidly climb the ranks. According to statistics, esports is expected to become more popular than sports games themselves this year.
One of the reasons for this is the interactivity of online games, in which players can not only see what is happening in real time, but also get involved in the action by placing bets.
A change in the way games are promoted
Another trend that seems to be shaping up for 2022 is the responsible promotion of online gambling. As new laws are introduced, the focus has been on problem gambling.
Some of the measures introduced include age restrictions and game tools that help users have a more controlled experience and even self-exclude themselves from certain games and promotions if they wish.
An increase in live dealer games
As competition for online casino providers increases, sites are continually looking for ways to make the experience more enjoyable and interactive. Live dealer games have become a big part of this, in which virtual games now incorporate an actual dealer who can interact with players.
Overall, the Canadian online casino market looks incredibly promising for 2022. 2021 has brought many challenges for the casino industry, from physical site closures to licensing changes that have drawn the global casino industry to the new and emerging in Canada. license offers.
With so many new technological advancements in store right now, online casinos in Canada are poised to thrive, but they must stay ahead of the increasingly tough competition.