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What We Can Expect From Online Gambling Going Into 2020

Online gambling continues to grow and the industry looks unstoppable. 2019 ended with record-setting numbers and experts now expect the online gambling market to surpass a value of $80 billion by 2025. According to the Mordor Intelligence consultancy firm, North America remains the fastest growing region in terms of growth. The emergence of legally operating sportsbooks in New Jersey and other American states looks certain to accelerate this growth even further.

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New Gambling Variants in 2020

A new year is always a good opportunity for the sportsbooks and online casinos to reevaluate their business. 2020 means new casino games and betting variants across the different operators.

That does not mean everything will be new and fresh. Casinos constantly find ways of renewing their traditional games. Online poker and table games such as Blackjack and Roulette are often wrapped into a new style and relaunched.

Sports betting is expected to continue searching for new markets. 2019 saw a dramatic growth in eSports and entertainment betting. Entertainment betting focuses on popular reality shows such as American Idol. Players are then allowed to bet on the outcome of the show, such as the next contestant to be eliminated. 

Peer-to-peer gambling could also grow in New Jersey and the United States. The concept of backing and laying odds is already known from Europe, where the Betfair Exchange is one of the most popular online betting exchanges. The May 2018 Supreme Court ruling that legalised online gambling in the United States has already paved the way for new operators, and even more will join the exciting American markets in 2020.

New Virtual Currency Payment Options

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In 2018 and 2019, some online casinos started accepting virtual currencies as payment option. Many people now own some kind of cryptocurrency with Bitcoin as the most popular one. Online casinos are now looking to expand this even further.

Alternative payment methods and cryptocurrency is popular among players, as it allows you to keep the gambling and household economy separated. Furthermore, it is a quick and effective way of moving funds around between different online casinos, while cryptocurrencies can also be used an increasing number of places in the general economy.

Cryptocurrencies have become popular as a funding option and casinos will surely continue to expand this in 2020.

Bonuses and Promotions in 2020

With the influx of new online casinos and sportsbooks in the United States, we can expect bigger and better promotions in 2020. Casinos are always looking to differentiate themselves from the competitors, and with the industry’s rapid growth in the US, bonuses and promotions are ways of doing this.

Online sportsbooks with big players like Betstars in New Jersey have already started offering free No Deposit Bonuses. Once operators enter a new market, No Deposit Bonuses are an effective way of attracting new customers. Matched Deposit Bonuses will likely grow as well, with many of the new casinos already offering 100% up to $100.

Technological Advances

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Nothing is more important in today’s gambling market than technological advances. Mobile betting revolutionised the betting industry in the early 2010s, while the advent of live streaming attracted a whole new branch of customers. Live casino has done the same for online casinos, allowing fans of land-based casinos to have a real casino experience while playing online.
Placing real-time bets during games, also known as live betting, will also continue to grow. Live betting has been popular for years now, but sportsbooks continue to add to the concept.

In the US, new types of real-time betting on NBA games is projected as one of the big future markets. Some of the NBA-teams, such as the Washington Wizards, are experimenting with their own real-money contests based on the team’s games. With the number of actions that happen during an NBA-game, and all the statistical metrics used to measure the games, this could be one of the most interesting developments in 2020.

Another expected trend in 2020 is virtual and augmented reality games. These games allow players to interact with each other and a potential dealer during the different casino games. Expensive VR-headsets are currently required, but markets projections assume these will become cheaper and more accessible in 2020 and the coming years. Pokerstars, who already operate to a limited extent in the US, are among the frontrunners on this market.

Overall, we can expect new and better things from online gambling in 2020. This is especially the case in in the United States and New Jersey, where the market is still new and developing. 


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