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Cryptogambling / 6 Online Gambling Trends That Didn’t Last

6 Online Gambling Trends That Didn’t Last

Publish Date: 25/09/2023

In the fast-paced world of online gambling, trends come and go with lightning speed. What may have been the hottest thing yesterday can quickly become old news today. As an avid gambler or someone interested in the industry, it’s important to stay up to date with the latest trends, but also to recognize the trends that failed to make a lasting impact.

In this article, we’ll explore six online gambling trends that initially created a buzz but ultimately fizzled out. Let’s dive in and discover what these trends were and why they didn’t stand the test of time.

1. Virtual Reality (VR) Gambling

Virtual Reality (VR) technology has been making significant strides in various sectors, aiming to provide users with immersive experiences. Naturally, the gambling industry jumped on the VR bandwagon, promising a thrilling and realistic gambling experience like never before. However, despite the initial hype, VR gambling failed to gain mass adoption for several reasons:

  • High Barrier to Entry: VR headsets can be expensive, making it difficult for casual gamblers to access this technology.
  • Limited Game Selection: The number of VR gambling games available was quite limited, limiting the overall appeal for players.
  • Technological Limitations: The technology itself was still in its early stages and faced challenges in achieving smooth gameplay and resolving motion sickness issues.

While VR gambling may not have taken off as predicted, the industry continues to explore ways to integrate virtual reality to enhance the gambling experience.

2. Cryptocurrency Exclusive Casinos

With the rise of cryptocurrencies like Bitcoin, many online casinos began accepting digital currencies as a form of payment. Some casinos even went a step further, offering exclusive cryptocurrency gambling platforms. However, these cryptocurrency-exclusive casinos failed to attract a substantial user base due to the following factors:

  • Lack of Familiarity: The majority of gamblers were unfamiliar with cryptocurrencies and hesitant to use them for gambling purposes.
  • Volatility Concerns: Cryptocurrencies are notorious for their price volatility, causing uncertainty among players who wanted to preserve their winnings.
  • Limited Game Selection and Bonuses: Since cryptocurrency-exclusive casinos were still relatively niche, they often had a limited game portfolio and fewer promotional offers compared to traditional online casinos.

While cryptocurrencies continue to be utilized in online gambling, it has become more common for online casinos to accept both traditional and digital currencies, providing players with more options.

Check out our list of crypto gambling casinos and their payment methods.

3. Skill-Based Gambling

Traditionally, gambling has relied on luck rather than skill. However, in recent years, there was a push towards skill-based gambling, where players could influence the outcome of a game through their abilities. While this concept seemed exciting, it didn’t resonate with the wider gambling community due to:

  • Complexity: Skill-based gambling games were often too complex for casual gamblers, who preferred simpler and more straightforward games.
  • Lack of Trust: Many players were skeptical about the fairness of skill-based games, doubting whether their skills truly influenced the outcome.
  • Social Aspect: Gambling, for many, is a social activity. Skill-based gambling, on the other hand, often involved individual gameplay and lacked the social element that attracts many gamblers.

While skill-based gambling has not entirely vanished, it hasn’t become as prominent as initially anticipated.

4. Daily Fantasy Sports (DFS)

Daily Fantasy Sports (DFS) gained immense popularity, especially in the United States, promising sports enthusiasts the chance to draft their own virtual teams and compete in daily or weekly contests for cash prizes. However, despite the initial boom, the DFS trend has slowed down due to various factors, including:

  • Legal Challenges: The legality of DFS has been a topic of debate in several jurisdictions, casting doubt on the long-term viability of this trend.
  • Saturation: The DFS industry quickly became oversaturated, with numerous platforms competing for the same pool of players, leading to diminishing returns for operators and fewer incentives for players.
  • Professionalization: As DFS evolved, it became evident that a small group of professional players consistently outperformed casual players, making it difficult for newcomers to compete and win.

Although DFS is still enjoyed by many avid sports fans, its growth has slowed significantly, and the industry has faced regulatory challenges in different jurisdictions.

5. Live Dealer Games

The introduction of live dealer games was seen as a game-changer in the online gambling industry, as it aimed to bridge the gap between land-based and online casinos. These games allowed players to interact with real-life dealers through a live video stream, providing a more immersive experience. However, live dealer games didn’t reach the level of success many anticipated due to the following reasons:

  • Technical Issues: Live dealer games heavily relied on stable internet connections and high-quality video streaming. Technical issues, such as lagging or loss of connection, often disrupted the gaming experience.
  • Higher Betting Minimums: Live dealer games typically had higher betting minimums compared to their virtual counterparts, limiting accessibility for players with smaller bankrolls.
  • Game Variety: Initially, the selection of live dealer games was limited, offering only popular table games like blackjack, roulette, and baccarat. This lack of variety caused some players to lose interest over time.

Although live dealer games have experienced some growth, they continue to face challenges in delivering a seamless and comprehensive live gaming experience.

6. Social Gambling Apps

Social gambling apps aimed to capitalize on the growing popularity of social media and mobile devices. These apps allowed users to play casino games, compete with friends, and share their achievements on social platforms. While the concept seemed promising, social gambling apps faced several obstacles that hindered their long-term success:

  • Competition with Established Casinos: Social gambling apps often struggled to compete with well-established online casinos that offered a wider range of games and more lucrative bonuses.
  • Legal Restrictions: Social gambling apps faced legal restrictions and regulations in certain jurisdictions, limiting their reach and potential user base.
  • Monetization Challenges: Some social gambling apps struggled to generate revenue, as players were often reluctant to spend real money on virtual assets or additional features within the app.

While social gambling apps continue to exist, the initial hype around them has waned, and they have failed to gain the same level of traction as initially predicted.

Verdict

In conclusion, the online gambling industry is dynamic and ever-evolving, constantly introducing new trends and technologies. While some trends experience great success, others fall short and disappear into obscurity. By understanding the trends that didn’t last, we can gain valuable insights into the changing landscape of online gambling and the preferences of players. Stay tuned for the latest trends that will shape the future of online gambling!

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Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.

Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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