The year 2018 saw significant growth in the online gambling industry, with the global market estimated to be worth around $51 billion. The growth was because of various factors, including the rising popularity of mobile gaming and the increased adoption of online gambling in many countries worldwide.
One of the major trends in 2018 was the use of blockchain technology to offer a more secure and transparent gambling experience. This technology made it possible to create decentralized gambling platforms that were fairer and also more secure. It offered faster transaction processing. Several online casinos began to explore blockchain technology, and also it is now being viewed as a potential game-changer in the industry.
Another trend in 2018 was the increasing focus on social responsibility and player protection. Online casinos were under increasing pressure to ensure that they were providing a safe and fair gambling environment for their players. Many casinos introduced new measures to promote responsible gambling. These measures included setting deposit limits and also offering self-exclusion options. And providing access to support services for problem gamblers.
In terms of game design, 2018 saw the continued use of innovative and creative approaches. NetEnt, for example, released its Jumanji slot game. Which was based on the hit movie franchise and featured unique bonus features. And Microgaming’s Fortunium slot game featured an unusual 5×5 reel format and a range of bonus features.
In terms of regulation, 2018 saw several significant developments. In the United States, the Supreme Court struck down a federal ban on sports betting. Opening the door for individual states to legalize and regulate sports betting. In Europe, new rules were emerging to protect consumers. And ensure that online casinos were operating fairly and transparently.
Overall, 2018 was a year of continued growth and also innovation in the online gambling industry. With new technologies like blockchain and a focus on social responsibility and player protection. The industry also was well-positioned for continued success in the years to come. With a continued focus on creativity and also on innovation in game design and a commitment to providing a safe and fair gambling environment for players.
