Some of these new opportunities for revenue include: Enhanced Chat Rooms These social gaming features such as enhanced chat rooms, live leaderboards, and new multiplayer options have not only enhanced user engagement but also opened up new revenue streams for online casinos. This trend will absolutely continue to gain traction in the industry as it has already shown to be a game-changer, transforming the traditionally solitary activity of iGaming into a more communal experience, similar to what we see on PlayStations. We have already seen an increasing number of online casinos begin to integrate social elements onto their platforms in order to encourage users to remain on the site longer, while also providing a more enjoyable experience. Let's dive in below: TREND #1: Social Gaming According to a report by Grand View Research, the global online gambling market size was valued at USD 63.53 billion in 2022, which is nothing compared to the likely market size over the next 5 years.Ī study by Mordor Intelligence states that the Online Gambling market size is expected to grow to $103.74 billion by 2028 at a compound annual growth rate of 11.34% over the next five years.īut what will be the main factors behind this growth?
