Over the past few years, New Zealanders have been putting in a lot of money to expand online gambling. Online casino platforms that are internationally operating have been growing rapidly and the domestic sites of New Zealand are also becoming more and more popular.
The rate at which online gambling is growing in the country can bring about two types of outcomes where one being irresponsible gambling and harm to the people and the other being controlled gambling with revenue generation.
Major Upcoming Changes
It has been decades since the first land-based casino was established. The industry has undergone tremendous growth over the years due to technological advancements and developments like internet connectivity, newer payment methods, gambling tools and so on. Some major changes that the industry is likely to experience at a greater rate would include:
Popularisation of Online Casinos
Land-based casinos have always remained the core of the gambling industry. It attracts a lot of gamblers from all over the world to play at new NZ sites at CasinoDeps. However, with development and globalization, online casinos have also taken their facilities up the ladder.
People like spending hours in front of devices and gamble in a relaxed manner than going to a casino and experiencing the same. Smartphones and computers have made it even easier and there are massive amounts of gaming options that are provided to keep the punters entertained.
Upgrading To Digital Currency
Nowadays, people prefer using cryptocurrency payment methods such as Litexoin, Ripple, Ethereum, Bitcoin etc. as they are perfect for people gambling from countries where gambling is not legalized. This is a safe and secure method and is anonymous, untraceable. In the future, there are high chances of crypto payments taking over the traditional payment methods like Credit cards, debit cards. e-wallets.
Changes In Game Development
Creating a perfect game is never easy. With the increased amount of competition, gaming developers are spending massive amounts of time to improve the slots themes, gameplay, bonus features and mobile-friendly. Software producers have improved a great deal over the years and are finding ways to make gambling even more exciting in the future.
Upgradation Of Gaming Machines
All casinos have to constantly upgrade their gaming machines in order to attract more customers and maintain the existing ones. Obsolete machines have to be replaced at regular intervals and involve huge costs too, but are important due to constant advancements in technology and player demands. In future, the casinos are aiming at maintaining one master machine where the software would be replaced from time to time in order for cost-cutting.
Rewarding System
Offering newer forms of membership cards, bonuses, features are important to maintain the player base. Every casino comes up with lucrative offers and is in competition with each other. This would even grow further in the future resulting in even better offers to pop up every now and then.
Upcoming Expectations From New Zealand Casinos
New Zealand has a population of 49.2 lacs (2019) and wagers around $17 billion New Zealand Dollars per year is a pretty huge amount per player. Gambling turnover will tend to rise in the future and might even reach up to $19 billion by 2024. The rise is reflected in all forms of gambling like slots, sports betting, live dealer games etc. Lottery gambling has a major player base and constitutes the most revenue. The kiwis also love betting horse racing like the UK punters.
The major distribution channels in New Zealand focus around:
- Online Interaction
- Phone Betting
- Brick and mortar casinos
- Agencies
Agencies and Phone betting are commonly used for horse betting whereas interactions are common for sports betting. Brick and mortar casinos capture the other forms of distribution and also include hotels, clubs and pubs.
Conclusion
Thus, we can proudly say that the gambling industry will stay with us for a long time and will bring in improvements in the near future. All forms of casinos, land-based or online will develop newer technologies and advancements in order to expand their reach. We can also hope for a VR experience while gambling in the future to make the experience even more realistic.
With the number of efforts and planning put into it, the industry can only be expected to shine even more in the future promoting healthy gambling in all forms.
