The Future of iGaming Sector in Australia 2020

Technological changes are being made every second and the iGaming sector has not been spared. The iGaming sector is just a little above 25 years old, with the first online casino, which was launched in mid of the 1990s.

Since then the sector has grown beyond imagination. The iGaming industry is estimated to be worth around $50 billion and predicted to reach around $80-90 billion by 2024. One can argue that the future of iGaming seems bright and looks strong.

Where will the growth come from for the iGaming sector?

Taking Clues from The Past

In order to have a clear of what iGaming will achieve in the future, it is important to look back and understand how they have done it in the past.

Back then Aussie punters would visit another town, state or country to access land-based casinos. However, times evolved and land-based casinos became popular across the world. Then came the computers and internet dawn, which saw new laws being put in place to allow for the birth of online casinos.

IGaming sector made history again when smartphones became popular with everyone. It made it easier for punters to play games whenever and wherever they are.

In these scenarios, iGaming services were made easily accessible due to technological advancement. While on the other hand legislations changes also contributed significantly to this growth. Hence the assumption that the future of iGaming will revolve around technology and legislation changes.

New Territories

As much as the iGaming sector is popular among different countries, some are yet to embrace it. A good example is that of Japan which recently granted approval for its first two land-based casinos.

New Technologies the Future For iGaming

What better technology that can beat smartphones and computers? Well with virtual reality and augmented reality coming in, the future looks promising and virtual.