It is our pleasure to bring to you the latest from the gaming and betting industry each month. This months’ newsletter talks about how blockchain provides security and stability to gamers by improving their gaming experiences with NFTS (non-fungible tokens). As more and more game developers start using blockchain and NFTS, players are set to gain the most value.
The newsletter also has news on Newyork’s plan to legalize sports betting and the latest news from the industry. Hope you find the news interesting.
Blockchain Game Development
The recent boom of NFTs has led many to think of blockchain, the underlying technology that supports them, as a solution seeking a problem — sometimes rightfully so. Yet, blockchain’s potential to decentralize virtually any organization and establish uniqueness and ownership of digital content makes it possible for individuals to interact in a trusted manner without the involvement of third parties.
If there’s one thing we can say about the online gambling scene, it’s that it can keep up with the times! While some parts of it remain virtually untouched, it’s incredibly open to change in other aspects, which leads it down some interesting avenues.
The gaming industry is becoming hugely decentralized. Today, play-to-earn (P2E) games are spearheading new developments. They have introduced digital identities, in-game assets and are giving players ownership. These games show the connection between the physical and digital worlds.
Online Casino and Sports Betting
It was a November to remember for the gambling sector, with confirmation that New York had awarded its first online sports betting licenses. While wagering has been legal in the state at designated sportsbook properties, until now, placing bets online has been prohibited.
The American Gaming Association (AGA) revealed today that commercial casinos have generated record gaming revenue in 2021. January through October, gross gaming revenue (GGR) from traditional casino gaming, sports betting, and iGaming totals approximately $43.43 billion. That’s just shy of the all-time record of $43.65 billion set in 2019.
A New Jersey gambler hit a seven-figure jackpot on one of the state’s several online casinos. The $3.5 million payout was the largest in the history of U.S. online gambling. The jackpot was hit by a gambler identified as “Dori B” on BetMGM’s platform. It just barely edges out the previous online jackpot record set by the same online casino in 2020 when it paid one for $3.2 million.
Twitter is experiencing growth in sports, and it’s sparked considerations on the sports betting front as well. According to Front Office Sports, tweets sent on the social media platform during NFL games are up 11% this year and unique college football tweeters are up 35%.
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About Slavna Game Studio
For more than 13 years, Slavna has been providing professional and technical services for Online gaming, sports betting, and gambling companies. Our hassle-free, end-to-end game development services include 2D & 3D art design, game development, deployment, back-office customization, detailed financial and gaming statistics integration, and other related services. With our expertise and experience, we help our clients and partners gain a competitive edge and grow their businesses.