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Gambling in Norway is mostly illegal. Norsk Tipping and Norsk Rikstoto are state-owned companies that allow Norwegian citizens to gamble. These companies make sure that foreign businesses can’t operate gambling businesses in Norway.
The state has monopolized gambling, allowing Norway to protect its citizens. Norwegians must report any gambling winnings made in another country. Also, Playtech has partnered with Norsk Tipping through online casinos and video lottery terminal (VLT) games.
We’ve spoken to our expert, Chris Haagensen, about what the future holds for the casino industry. You can
view his profile here.
Legislation and Income
There has been a trend for legislation for gambling. More countries are saying that gambling should be regulated, and there are benefits to such regulation.
•Another source of income for the country
•Players will have a much safer gambling environment
The online gambling industry in 2021 will continue to see an increase in profits, according to H2 Gambling Capital.
On the Rise
The online gambling market in 2021 is anticipated to be on the rise. Part of this is due to improvements made in mobile gaming. One such modification is to the payment systems.
•Planned upgrades
•Security upgrades
•Voice control for payments
•More mobile wallet options
•Switch from cards to digital cards
All of this ties in with the legislation and safety for players.
Also on the rise is gambling on
esports. Laws are being changed in the countries that once banned this kind of betting. Those who enjoy betting on sports can choose their favourite sport(s). They will be able to use their mobile phones for convenience. Mobile phones also offer safe online payment methods.
Growth
The gambling industry growth seems to be exploding due to the emergence of the following:
•Hybrid games
•Virtual Reality (VR)
•Augmented Reality (AR)
•Better Graphics
These additions give current players more options and will likely draw new ones to the gambling industry.
Online gambling gives players the convenience and comfort of their homes. This gives the gambling industry room to grow because players won’t have to spend money on travel and hotel accommodations. All this means players will be willing to bet more as they engage in exciting games without the need to travel.
Trends
Many providers are adapting to the latest trends in gambling. These include:
•Mobile compatibility and playability
•A new design of products to include an increase in live dealer games and innovative slot machines
•Blockchain and cryptocurrency technology -- an added payment method, gives protection of player identity and is harder to hack
Also, interactive gaming systems can become powerful. It combines the popularity of online and social gaming to a live casino floor. Current players will remember playing games on Atari, Sega, or Nintendo.
Using smartwatches for betting is real. It seems they are set to be more convenient and more accessible than cell phones or tablets.
Currently, Norsk Tipping and Norsk Rikstoto don’t use blockchain technology, and it’s not regulated by law.
Conclusion
Improvements like legislation and security upgrades will make gambling safer for players. Also, gambling on esports is becoming much more popular. Hybrid games, VR, AR, and better graphics will give players more options.
This and adding more wallet choices give players a chance to play safely and comfortably at home. In conclusion, casinos will potentially return to normal in 2021.
