The gambling industry has changed almost beyond recognition in recent decades, transitioning from brick-and-mortar bookmakers to online betting and virtual events. Thanks to technological advancements, bettors no longer have to place their bets in person at a bookmaker’s office. Instead they can place bets anywhere, anytime, with online betting companies covering a variety of different sports and events.
Following the adoption of cryptocurrency by several casinos in 2020, experts predict even greater changes to come. Although the biggest gambling sites continue to accept debit and credit card payments, cryptocurrencies are rapidly becoming the norm, with numerous online platforms accepting cryptocurrencies today.
Many bettors favour Bitcoin and similar digital currencies over traditional payment methods due to their enhanced security, with the added layer of protection provided by digital encryption shielding customers from hacking and identity theft.
Another consideration is the anonymity provided to clients by Bitcoin and other cryptocurrencies. Digital currencies do not tie in with personal information, making them virtually untraceable and enabling players from around the world to play games safely and securely.
Cryptocurrency is the preferred choice for many gamers and gamblers today, with experts predicting that adoption of Bitcoin and other digital currencies will only grow in years to come.
Today, most people use a smartphone or other mobile device, with many gamers choosing to play via their phones. Digitisation has had a massive impact on the gaming industry, with free-to-play (F2P) games becoming extremely popular with people all around the world. Although they are touted as ‘free’, many F2P developers generate revenue by coaxing players to pay a small fee to access special features. When F2P gamers turn into paying clients, this demonstrates that they are willing to spend on entertainment.
Since the outbreak of the global Covid-19 pandemic, the gambling industry has seen an unprecedented increase in new online users, triggering growth in a variety of different niches including virtual sports, poker, online slots, and casino gaming. Software developers continue to develop more sophisticated offerings, attracting increasing numbers of players.
Virtual Reality Gaming
Virtual reality (VR) gaming has changed the face of the gambling industry. Market analysts suggest that online casinos will increasingly adopt VR gaming, providing consumers with an experience that looks, and feels, like visiting a real-world casino.
Founded in 2007, 1xBet has grown to become one of the world’s leading betting companies, claiming a succession of prestigious awards. 1xBet covers 1,000+ events every day in more than 90 different sports, as well as enabling users to bet on other events in politics, showbusiness, economics, TV and cinema.
1xBet operates across 20 different markets and abides by all relevant regulations in every jurisdiction in which it offers its products and services.
1xBet is committed to supporting responsible gambling and its policy sets out its commitment to minimise the adverse effects of problem gambling and to promote a positive, responsible experience for its customers.
1xBet does not offer its products and services to customers in the UK.