The digital gambling game apps industry holds a positive outlook for the foreseeable future. With the rise of artificial intelligence (AI), chatbots, and robo tech, the entire gaming platform is witnessing major changes with a growing focus on gambling game apps such as; betting, poker, lotteries, and casinos. It is inspiring to see the many upcoming mobile games this year.
Although gambling had been avoided because of the high risk associated with it, especially in financial interests, it is being looked at from a far more lenient perspective nowadays. A basic search on the apps store would bring up several gambling apps which show off the increasing popularity of gambling games.
How are gambling game applications different from other gaming applications?
There are many varieties of gaming apps available, but what is a gambling game exactly? A gambling game is where several players interact with one another in the form of betting, and based on their actions, they can earn a reward or receive a penalty, both of which are monetary. In contrast to traditional gambling, most gambling gaming apps in the play store allow players to compete with virtual money in the form of coins or credits that help protect the players’ financial interests.
For those who love risk, gambling games require real money to be put down, and online technology has delivered rapid growth in this gamer fan base. These gamers can download and play gambling game apps in the peace and tranquility of their own homes, without the need to visit their local casino.
The variety of gambling game applications
The positive outlook is that the sizable market share of the global gambling game industry has been attracting many game development studios to develop these applications. Many of these companies, like Borgata, have been concentrating on this excellent opportunity to leverage their existing experience in creating high-quality, successful games.
The increase in demand for gambling game apps can be partially attributed to the variety of games currently on the market. Gambling games that are based on the principle of risk and probability are particularly interesting for players. Included is a list of some of the most popular gambling game apps.
Casino games are quite popular in the app store. Without the need to visit a local casino, all you have to do is download the app, play a casino game, and pretend that you are in Las Vegas.
Gone are those days when folks used to flock en masse along the race tracks, betting on their favorite winner. Hardly any people watch horse racing games on TV, which makes mobile phone-based horse racing apps the salvation of this dying market.
Online betting applications have become popular day by day. Several sports betting applications have been growing in popularity, with applications like Dream 11 becoming very popular, especially amongst younger cricket fans. These youngsters approach the game with much enthusiasm and interest, sporting their viewpoints and knowledge by actively betting on their favorite teams and players.
Poker has become known as an intellectual game and has a long history. This game is more time-consuming than others, but thanks to gaming applications, it has been made substantially more appealing with mobile technology, allowing users to play at their own virtual table.
What has caused the increase in online gambling game popularity?
According to a study conducted byGrand View Research, the global gambling gaming app industry is worth USD 54 billion, and is now on track to grow at a rate of 11% by 2027. Here are some of the factors contributing to the rise in popularity of gambling game apps.
Advanced technology, particularly Blockchain, augmented reality and virtual reality, have allowed applications to create a global fan base of dedicated players. The developing graphics capabilities and life-like environments have also attracted the attention of online gamers like never before.
Playing poker, betting, and other types of online gambling, have become more mainstream in society than at any time in recent history. Many countries where gambling was previously illegal, have already legalized specific gambling games, and this is certainly good news for those whose preferred pastime has always been gambling.
With an undeniably large number of gamblers playing from mobile devices, mobile technology has been crucial in fueling the demand for online gambling game applications. Being mobile, these also allow users to avoid public places like casinos.
One crucial reason for the growing popularity of online gambling games is the cash-free mode of payments, aided mainly by virtual money in coins or credits, or real money that can be transferred digitally.
Similar to the above, but somewhat distinguishable, is the advent of cryptocurrencies like bitcoins. This currency has fueled the increase of online gambling game applications. It is even considered by many to be a driving factor in reforming the prospects of the online gambling game industry.
Increased consumer spending
Consumerization has taken on an entirely new meaning in modern times. More customers have entered into higher income brackets, and their income is often spent on gaming and other forms of entertainment. This has also been critical in driving the increased popularity of different types of online games such as poker or rummy. Users are also playing games that require more risk-taking, where they can place bets using real money and not have to worry too much about losing their earnings in just one game.
Saeed Ashif Ahmed is a Blogger who has a keen interest in how emerging technology can help the world become a more just, equitable, and kind place. He enjoys interviewing CEOs of tech startups asking them what they are doing to bring greater opportunity and equity to our society.