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iGaming in 2024: What to expect?

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As the year 2024 unfolds, significant expansion and growth are expected to take place in the online gambling industry.

The iGaming sector is set to be influenced by evolving regulations, technology innovations, and fresh market opportunities. Analysts are anticipating global revenues from internet gambling will reach $127 billion in 2024, representing impressive compound annual growth of 8% from 2022 revenue totals.

Are you looking forward to exploring more of what iGaming has to offer this 2024? Delve deeper into the details as we gather some of the key trends and developments to expect in the online gambling industry this year.

Mobile Gaming Expansion

As mobile devices secure more than 50% of the global iGaming industry, the online gaming sector continues to experience substantial growth. With smartphones establishing supremacy in online gambling this dominance is expected to carry on this 2024.

Operators are now working on a better adaptation by optimizing apps and sites designed for smaller screens with the following features:

  • Responsive Design
  • Scaled-Down Graphics
  • User-Friendly Navigation
  • Smooth Thumb Interactions

Users can also anticipate convenience in payment methods as sites integrate seamless one-touch payments and exclusive free bet promotions targeting mobile users. Not to mention the ongoing shift of iGaming towards mobile as the preferred gaming device to provide improved gameplay and graphics through the deployment of high-speed 5G networks.

Online Gambling on Virtual Reality

Virtual reality is poised to be a game-changer for online gambling in 2024 and beyond. Top casino site operators are already developing VR casino environments that immerse players in hyper-realistic digital worlds using next-generation graphics, 3D spatial audio, and haptic feedback for touch sensations.

As VR hardware improves and becomes mainstream on more platforms from mobile to consoles, these virtual experiences will enable multiplayer interactive gameplay at new levels. Players seated around a virtual poker table will see each other’s avatars and gestures as they banter and bet. Gamblers can reach out to pull 3D slot machine handles that vibrate on a winning spin. The technology promises to blur the lines between physical and online casinos.

Gambling with Cryptocurrency

The significant growth of cryptocurrency usage for deposits and withdrawals on gambling sites in 2022 is expected to experience further acceleration in 2024. This momentum will be fueled by increased integration of crypto payments by operators, featuring simplified wallet connections to streamline the process. The appeal lies in fast, secure transactions and circumventing credit card bans on gambling deposits, addressing challenges for both operators and players.

Increased Personalization

In 2024, operators are expected to leverage player data and AI to deliver exceptionally personalized experiences. Through analyzing individual preferences and behaviors, iGaming sites can offer relevant game suggestions, craft customized promotions and bonuses, and strategically target specific players with tailored offers at the most opportune moments.Top of Form

Loyalty programs will also become more personalized through tiered rewards, personalized communications, and VIP treatment. These personalized experiences enabled by player analytics and AI improve engagement, satisfaction, and brand loyalty.

In 2024, look for personalization to drive the next stage of innovation by giving each player a uniquely tailored journey optimized to their needs.

Expanded Use of Streaming

Live streaming will become integral to the iGaming experience in 2024. Operators will enable interactive live casino streams where players can chat in real time and celebrate wins together. Streaming slots sessions will also showcase gameplay and bonus features while building engagement.

With integrated streaming capabilities added to casino platforms, players can easily go live to share big wins, host tournaments, or interact with audiences. As streaming becomes a seamless part of the experience, it will facilitate community, transparency, and entertainment around games.

The expanded use of streaming aligns with mobile users’ interactive, connected ethos and will help drive the next evolution of iGaming.

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SIS and Premier Greyhound Racing reveal improved greyhound race time schedule

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Sports Information Services (SIS), the leading multi-content supplier of 24/7 live betting services, and Premier Greyhound Racing (PGR), the media rights company supplier of greyhound racing to the betting industry and direct to viewers, have collaborated to offer a revised race time schedule starting from 20 May.

Designed to protect the long-term future of UK greyhound racing, the new schedule will see morning fixtures start slightly later – moving from 10.47 to 11.01 and 10.54 to 11.09. Additionally, there will also be a slightly later start time for some evening fixtures aimed at a retail audience, with the first evening fixture now starting at 18.08.

Commenting on the improved schedule, Terry Mahoney, Head of Business Development at ARC, said: ā€œThe new race times will help make it easier for customers to navigate busy racing schedules as well as improving operations trackside. We will continue to listen, monitor, and adapt schedules where and when needed as we move forward to deliver the best service possible for betting operators as well as punters.ā€

Paul Witten, Managing Director at SIS, added: ā€œWe are passionate about delivering a greyhound racing service that benefits all of the sportā€™s stakeholders. Together with Premier Greyhound Raxing, we have introduced a revised racing schedule that benefits operators and their customers.

ā€œOur approach to greyhound racing is grounded in sustainability and flexibility. This collaboration with fellow service providers allows everyone to enjoy all the high-quality action produced on a daily basis from tracks across the UK and Ireland.ā€

SIS has long-term agreements in place with bet365, William Hill, Paddy Power and Betfred to deliver its greyhound content across UK and Irish retail and digital channels. SIS also promotes this content across dozens of leading international operators, as well as through SISRacing.tv.

PGR offers greyhound action, cards, video replays, results, news and info on greyhounds.attheraces.com, and regular live broadcasts on Sky Sports Racing. Premier Greyhound Racing is a joint venture between Arena Racing (ARC) and Entain, the global sports betting, gaming and interactive entertainment group. Between them, the two companies own nine of the 20 licensed British greyhound tracks and ARC manage the media rights for five independent tracks.

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PRAGMATIC PLAY HITS THE SWEET SPOT WITH FRUITY TREATS

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Pragmatic Play, a leading content supplier to the iGaming industry, has added Fruity Treats to its collection of clusters pays Slots.Ā 

Five or more fruit symbols must connect horizontally or vertically to award a win in this vibrant 7×7 title, which features a variation of the popular multiplier spots mechanic.Ā 

At the start of each spin, four marked spots of different colours take up random positions on the grid. If a win forms over a marked spot, a starting multiplier of 5x, 10x, 15x or 20x (depending on the spot colour) will be activated. Each time a winning combination lands on a marked spot after a tumble, the multiplier is applied to the win and then increases by its starting value.Ā Ā 

Hitting at least three candy scatters on a spin awards entry to the bonus game with 10 free spins. During the feature, which can be retriggered with five additional free spins, activated multipliers from marked spots do not reset between free spins, potentially leading to massive wins.Ā 

Fruity Treats is the latest cluster pays Slot in Pragmatic Playā€™s multi-award-winning range, joining recent hit Sugar Rush 1000.Ā 

Irina Cornides, Chief Operating Officer at Pragmatic Play, said: ā€œThe roaming multiplier spots feature in Fruity Treats sets it apart from other successful cluster pays Slots in the Pragmatic Play portfolio, with marked spots staying sticky in the bonus game for even greater win potential.ā€Ā 

Pragmatic Play currently produces up to eight new Slot titles a month, while also delivering Live Casino and Bingo games as part of its multi-product portfolio, available through a single API.ā€Æā€Æā€Æā€Æā€Æā€Æā€Æā€Æā€Æ

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Kambiā€™s Festival of Sportsbook returns for fourth year

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Kambiā€™s Festival of Sportsbook returns in June with registrations now open for a two-day content series featuring speakers from across the Kambi Group and insights covering the full breadth of the industry.

Taking place between 4-5 June, the Festival will be comprised of online sessions taking in topics ranging from UX optimisation and harnessing AI to maximising a summer of soccer featuring both UEFA Euro 2024 and the Copa AmƩrica.

Erik Lƶgdberg, Managing Director of Kambi Sportsbook, will open the Festival with a session entitled ā€˜Exceptional, everywhere: meeting the increasingly high standards of an evolving marketā€™, discussing how operators can develop their sportsbook to navigate changing consumer habits and fragmenting markets.

Kambiā€™s Head of Legal and Regulatory Compliance, Victoria Fernandes, will also be joined by Partner Success Manager Sabrina Andrade for a Portuguese language session delving into Brazil and how local operators can compete in the soon-to-be-regulated market.

Gerard Starkey, Kambi Groupā€™s SVP of Marketing & Communications, said: ā€œWe are excited to once again be welcoming the industry to Kambiā€™s Festival of Sportsbook, and we look forward to sharing the sportsbook insights and knowledge the event has become known for. As ever, the agenda features a broad range of sessions hosted by experts from across the Kambi Group, providing plenty to interest those working in or with the sports betting industry today.ā€

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