Top 5 Gambling Industry Trends in 2023

Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately. Online casinos have been increasingly using artificial intelligence (AI) to improve players’ gaming experience. Artificial intelligence stores a user’s habits and preferences to enhance and personalize their experience to the greatest extent feasible. The AI at a casino will only spy on players if they provide specific permission to do so. Still, it will monitor metrics that enable the business to better predict and adapt to player demands.
These are not horoscopes and predictions, but data from experts and market analysts. They can help to navigate the gambling market in time, catch trends, current GEOs and promote online casinos and bookmakers in the most effective way. The global online gambling market was valued at $90 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of over 10% between 2023 and 2032 to reach $370 billion [14]. The gambling industry in 2023 will be shaped by the impact of emerging technologies and regulatory trends.
Partial or full use of materials (images, texts and other content of the website) is allowed only if you provide an active link to the page of the material on the Site. Artyom is Head of White Label & Turnkey Solutions and has been working in complex B2B/B2C sales, as well as business development and management consulting in iGaming for more than 10 years. Unfortunately a small percentage of gamblers develop problematic gambling tendencies which can lead to addiction. In Michigan, PrizePicks’ $8.5 million in daily fantasy sports adjusted revenue through July well surpassed both Draftings’ $3.1 million and FanDuel’s $1.3 million. David Jacquet, SVP of analytics at gambling-tech provider Kambi, likened the AI in their trading platform to an “orchestra.” This year’s event drew thousands of attendees who braved the traffic caused by preparation for next month’s Formula One Grand Prix.
The Office of Liquor, Gaming and Racing is a division within VIC’s Department of community safety and Justice, adhering to legislation, and major licensing. Machine Learning (ML) is a branch of Artificial Intelligence that includes algorithms and statistical models which computer systems use to perform special tasks. It allows the computer systems the ability to automatically learn and improve from the data without the need for additional learning.
It has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services, and technology. Wind back the clock even just a decade, and online gambling was a relatively fledgling industry. Now, the space is booming, with the industry projected to grow to over $150bn by 2030. Bonus offers to attract new customers and retain the existing ones have existed in gambling for over ten years. Bonuses, such as free spins or free bets, doubling the deposit amount, and other promotions, are one of the oldest trends in gaming.
And with slot88 focusing on improving the user experience and maintaining the users’ original expectations, it is sure that the industry is yet to see its peak. It will also help them connect with each user on a one-to-one level which makes the gambler feel valued and establishes an understanding of the gambler. Because of scams, most people are scared to put their banking card details in an online casino. But with the new cryptocurrency development that most gaming sites are adopting, these fears are eliminated. These pros are important to the successful operation of an online casino and are why cryptocurrency has become a huge part of the gaming industry today. Currently, most major gambling sites now accept deposits and withdrawals in cryptocurrencies.