As we end the final quarter of 2023, we can look back at the growth and decline of online casino industry favourites. What will 2024 hold for us, and will we embrace the industry newcomers and their unique way of gaming?
As we reach the end of 2023's final quarter and predict trends for the year, we can see the iGaming industry moving in an exciting direction. We can now see a pattern across the year, analysing the new games, providers, and market growth - or decline.
2023 Unique Trends
Weird and wonderful has been the theme for this year, and it is also evident in the rise of unique games in the market. Game developers have gone with the trends and ensured that players have a range of unique games available.
Further to this, we can see the break away from traditional and classic styles as developers are adding their own twist on classics and, in some situations, reinventing some games entirely.
Here are some stats of unique game launches this year:
Over the last year, the rise of unique online casino games has increased by a whopping 11%.
More Developers, More Games
Over the last 3 quarters of 2023, several new game providers joined the industry. Due to the increase of game providers, existing companies cranked up the load, which has led to a huge development of new games.
Here are some quick stats to show just how exponential the growth has been:
With over 20 new gaming studios, we will surely see a consistent rise of new games launching next year, too. This will provide those platforms with fresh games.
Studio Launches
If we look at some of the biggest providers in the industry, like Pragmatic Play, Evolution Gaming, and Playtech, we can see just how busy they have been this year.
Pragmatic Play has launched 95 games in just three quarters, Evolution Gaming has launched 81 titles, and Playtech has launched 56 games.
Looking at each provider's game forte, we can better understand how games in each category increased and others decreased. Evolution Gaming, known for its Live Dealer games, is climbing rapidly, making up 6.1% of the market share.
Pragmatic Play, known for its slots and casino software, has added significantly to the industry's thriving slot category, currently holding 85.5% of the market share.
Out With The Old, In With The New
Each platform wants the latest games, and competition only grew with the rise in new studios. When adding new games to a platform, these sites need to look at which games are no longer popular and, sadly, shelf them to make room for new releases.
Some games like Megaways have decreased in popularity over the last three quarters with a heavy 4.2% compared to previous years. Other slot themes that took a dunk for the worst are Egyption-themed slots that have been around since the first online casinos launched in the ’90s. Action, Money, and Adventure are different slot themes that have now replaced its spot.
As unique games continue to increase and players begin to enjoy the change, we will see more and more classics being shelved, although we will always have a class of players who still enjoy them tremendously, as we all have over the years.
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