Inspired by the latest technological advancements, the online gambling landscape in Australia continues to evolve at a galloping rate.
Whether you are an enthusiast or an industry stakeholder, if you’re interested in getting valuable insights into the newest trends on the Australian gaming scene, stick with us.
The global pandemic put a squeeze on the world economy and virtually every type of business except for gambling in 2020.
The industry initially took a hit, but it bounced back in no time and now looks destined to reach new unimaginable heights. The online gaming sector generated an eye-watering $61.5 billion in 2021, with the figure constantly growing ever since.
Australia can earn significant tax revenue from its robust and growing iGaming sector, expected to reach a landmark $100bn in 2024 based on forecasts, considering the country’s position as one of the world’s largest regulated online gaming markets.
With the increased accessibility of all forms of online gambling, the sector will pour substantial funds into the country’s coffers. The online casino market has become the cornerstone of the gambling industry’s resurgence in the post-pandemic world.
The sector much of its exponential growth in popularity to technological innovations. Its ability to adjust and use the latest tech advancements to gain a foothold in new marketplaces and expand is unrivalled.
Without further ado, let’s delve into the most influential technology trends that will influence the Australian gaming environment.
Blockchain & Cryptocurrencies
You don’t need rocket science to understand how the adoption of blockchain technology and cryptocurrencies is changing the world of finance.
No one is spared, including the gaming sector. Digital currencies such as Bitcoin and Ethereum have earned a special place in online trading, reshaping how financial transactions are conducted.
Cryptocurrencies enable players to conduct instant deposits and withdrawals, alleviating concerns about transaction safety. Furthermore, the absence of third-party payment processors adds an extra layer of privacy.
With no bank statement tracking financial activities, this revolutionary innovation guarantees the ultimate form of privacy, making it an appealing option for Australian customers.
Although there’s still scepticism over possible schemes surrounding the crypto market, numerous Australian betting apps have included cryptocurrencies as a new payment method.
And as Bitcoin’s value seems on the verge of returning to its all-time high, cryptocurrency adoption for betting transactions is gaining momentum within the Australian gambling landscape.
Virtual Reality
Virtual reality (VR) gaming stands out as one of the most revolutionary trends in the online gambling sphere, drawing players into brand-new interactive experiences.
With VR, online casino gaming transcends traditional boundaries, offering users realistic adventures accessible from the comfort of their own homes. VR technology has taken the gaming experience to an unprecedented level of engagement.
All it takes is a VR headset and you’re ready to go. Immersive 3D environments feature in-game chats and lifelike table games, allowing players to communicate with each other and feel the thrill of traditional land-based casinos.
But that’s not all. Players seeking the excitement of slot machines can step into meticulously detailed 3D game rooms, replicating the ambiance of a physical venue.
Mobile Gaming
Whether you prefer sports betting or playing slots, mobile gaming remains a dominant force in the gambling industry.
The convenience of playing on the go has notably elevated the appeal of mobile-friendly online casinos. Operators continue to enhance user experiences by optimising their websites and crafting eye-appealing smartphone apps.
These adaptations allow players to enjoy their favourite games seamlessly, regardless of their location.
Recognising the widespread enthusiasm for mobile gaming, major software developers are consistently improving their offerings by introducing new titles, innovative features and captivating effects.
eSports
A burgeoning trend within the Australian gambling sector involves the remarkable rise of eSports betting.
This enables individuals to place wagers on eSports events, a trend that has garnered considerable traction not only in Australia but all around the globe.
Numerous online platforms in Australia are incorporating diverse betting options for the most prominent eSports tournaments as part of an ambitious project to attract younger demographics fond of video games.
As one of eSports’ most highly anticipated tournaments, the upcoming DreamHack Australia event in Sydney in April will spark a flurry of activity on sportsbooks.
Australian eSports is an ever-growing landscape, attracting more and more interest from young people and senior gaming enthusiasts.
Die-hard Oceanic gaming fans remain loyal, consistently showing unwavering support for their favourite teams and players, turning up in large numbers across multiple time zones to showcase their enduring passion.
