As you all know, the online gambling industry is a behemoth that swallows billions of dollars each year. It’s an industry unlike any other, stretching far and wide, following the newest tech trends and sports numerous smaller niches that live off its ever-expanding presence.
And that’s exactly what we’re going to talk about today – the most prominent supporting niches that are growing alongside the behemoth that is online gambling! More precisely, we settled on three relatively fresh industries that are showing off rapid growth and healthy ecosystems.
Three Supporting Industries Pushing Online Gambling Forward
First off, you need to understand what supporting industries represent. Typically, they are defined as industries that supply intermediate goods or industries which share one or several systems/processes with larger industries, with mutual benefits. When it comes to online gambling, supporting niches are divided into two segments, unconventional betting methods and unconventional betting subjects.
Today, we opted to take a look at the following:
- Virtual Reality
- Online Gambling Apps
- Esports Betting
All three are experiencing rapid growth and bringing forth different betting experiences for end-users. Let’s take a closer look and see how they’re affecting the online gambling industry!
Virtual Reality
This might sound crazy at first, but did you guys know virtual reality casinos are an actual thing? Yep, you read that right – you can go to the casino without actually going to a casino. We’re living in 2020 alright…
However, virtual reality casinos have been around for a few years already, ever since the VR tech became readily available. We’re talking about cutting edge technology here, featuring head-mounted tracking devices that allow for complete immersion. You can move your head around with the virtual reality headset on, and you’ll feel like you’re in a casino.
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But, why on earth would you want to experience virtual reality casinos? Well, perhaps the nearest casino is too far away. Perhaps you don’t feel like driving there, or you don’t want people to see you gamble your life away. Whatever the reason my be, you can rest assured virtual reality has you covered. Best of all, VR tech is still in development, meaning much greater things to come in the foreseeable future.
Online Gambling Apps
Whether we’re talking about fun mode or real money, online gambling apps are all the craze these days. The scene kickstarted a long time ago, back in the 2000s, and is still going strong and doesn’t show any signs of stopping. Heck, even Facebook ventured into gambling apps at one point!
Online gambling apps are characterized by fast loading times, good graphics, reliable, provably fair games, and convenience factors. The latter checks out because online gambling apps allow users to bet on the go, without having to sit behind a computer screen at home or going to a brick and mortar casino.
Gambling apps are definitely here to stay! In a recent poll by Statista, roughly 10% of users said they use their smartphones for online gambling. Needless to say, as time goes on, that percentage is only going to keep rising.
Esports Betting
Esports betting is a brand-new form of online gambling entertainment. Well, it’s not exactly brand-new as it’s been around for almost a decade already. Still, a lot of people don’t know about it or have just found out, meaning it is brand-new… in their eyes, at least.
For those of you not in the know, esports is a relatively new term that represents a professionally organized ecosystem of competitions in various video games. There’s a whole bunch of esports matches happening almost every day, and the demand is bigger and bigger with each passing year. As the esports industry itself grows in popularity, so does esports betting.Even though the numbers still don’t mean much in the grand scheme of online gambling, if esports betting keeps on flourishing for a few more years, we could see it gaining even more importance. At the moment, all the biggest names in online gambling have dedicated esports categories, which just goes to show you how important esports betting already is. In the foreseeable future, though, we can expect even greater things to come!
