Development of the Gambling Industry in Portugal 2021
The gaming industry has continued to experience a massive evolution process over the years. The greatest development has been the introduction of online gaming. This innovation has greatly influenced how gaming is viewed in Portugal and many countries as most players now prefer playing in online casinos to their land-based counterparts. The greatest advantage of online gaming is convenience which has made it penetrate almost all corners of the world which tons of online games to play.
2020 was a bad year for the majority of businesses all over the world due to the coronavirus pandemic. However, it was the best for online gaming as more and more people now embraced this activity following a ban on physical gatherings. It meant that all physical casinos in Portugal and the world, had to cease operations in a bid to avoid the spreading of the coronavirus from one person to the other.
According to our expert Martim Nabeiro, coming into 2021 and beyond, the online gambling industry is expected to experience massive development thanks to numerous technological advancements discussed below.
Live Dealers
One of the most significant advantages that land-based casinos have over online casinos is the socializing factor. Since online casinos are operated over remote devices such as personal mobile devices and personal computers, it is very hard to socialize as you will mostly enjoy your online game alone. Humans are social beings hence the need to be around others.
The introduction of live dealers is set to eradicate the lack of socialization in the online gaming industry. Live dealers act as the casino staff in the land-based casino that allows for coordination of games making it a social environment like the physical casino.
Live dealers allow players to go head-to-head against each other, unlike previously where you had to play against a machine. Live dealers have gone a step further to allow players to interact via text messages and facetime as they play the game. Portuguese players can determine if a certain casino supports live dealer games by checking reviews at melhor casino online portugal.
Development of Esports Betting
Esports are among the biggest tech trends that took shape in late 2020 and early 2021. The main reason for its development is the emergence of coronavirus. The pandemic saw a close to all physical sports for a long time, leaving people with a competitive hunger that only Esports alone could satisfy. In 2020, Esports saw a rise of 69%, with the figure expected to grow significantly this year. The development led to the engineering of numerous Esport compatible games and extra features like Esports apps.
Competitive gaming is not a new thing in gambling history. What is new, however, is the simple fact that you can now bet on competitive games. Current statistics estimate that the Esports industry may have revenues of up to 1.3 billion USD by 2025 which is a massive improvement since the first Esports event in the 1970s.
There has been a significant rise in Esports bettors, and consequently, growth in online gambling market size thanks to the numerous Esports betting apps that continue to emerge as time goes by. Esports betting is set to experience massive development in terms of players and funding from numerous companies.
Improvement in Cloud Gaming
Numerous challenges may come with the downloading of a new game. The first issue you may have to deal with is that of long download hours. Games are normally big files, and as such, you may require a good internet connection in order to avoid waiting a long time for it to download. You may also experience storage problems. Due to the large nature of games, your PC or mobile phone may not have sufficient storage to hold the game.
Cloud gaming is one of the solutions to the challenge that faces online gambling in Portugal. It is an essential tool that helps you play games in real-time without downloading or storing the game on your PC. The beauty of cloud gaming is that it benefits all casino users.
Players benefit by playing games in real-time, while online game developers benefit from direct revenue from cloud-based games. Cloud gaming is set to improve this year as more and more companies continue to engineer cloud-based games.
These are the trends that are expected to shape the gambling industry in 2021.