The Malaysian gambling industry is on the rise. Online gaming, or iGaming, is a big part of this growth. In 2018, the Malaysian iGaming market was worth an estimated $ 260 million. This is expected to grow to $ 400 million by 2022. With this growth come opportunities and challenges. Here’s a look at the future of iGaming in Malaysia.
Growth of iGaming in Malaysia
The following are some factors that have contributed to the growth of iGaming in Malaysia.
1. Proliferation of mobile devices and high-speed internet access
The iGaming industry in Malaysia has seen tremendous growth in recent years thanks to the proliferation of mobile devices and high-speed internet access. These have made it easier than ever for people to gamble online.
You no longer need to trek out to a brick-and-mortar casino or place a bet at the local sports bookie; you can now do it all from the comfort of your home.
This convenience has helped to fuel the growth of online casinos in Malaysia, with more and more people signing up to play each year. It’s not just casino games that are popular; many Malaysians also enjoy sports betting, poker, and other forms of gambling.
With this growing demand, more and more companies are targeting the Malaysian market with their iGaming products and services.
2. Rise of social media and online streaming services
The iGaming industry in Malaysia has seen a lot of growth in recent years. A big part of this is due to the rise of social media and online streaming services.
Having gambling more accessible than ever enables watching live poker tournaments or horse races from the entire world with just a few clicks. Many online casinos offer bonuses and promotions that can be claimed through social media.
This has made gambling more attractive to a wider audience, including younger people who may not have considered it before. In addition, iGaming websites and apps have become more user-friendly and offer a more comprehensive range of games than ever before. As a result, the iGaming industry is set to continue growing in Malaysia in the years to come.
3. Economic climate in Malaysia has played a role in the growth of iGaming
Inflation rates have been on the rise in Malaysia, and the cost of living has been increasing. This caused many people to look for alternative ways to make money. Others use gambling as a method to escape the daily grind and find excitement and amusement. While for some, it offers the chance to make some quick money.
Whatever the reason, there’s no doubt that more and more Malaysians are finding themselves drawn to online gambling. Thanks to the availability of high-speed Internet and mobile technology, it’s now easier than ever to gamble online.
All you need is a computer or smartphone and an Internet connection, and you’re good to go. There are dozens of online casinos catering to Malaysian players, offering a wide range of games such as slots, poker, blackjack, and roulette.
Numerous factors, like the prevalence of mobile devices, the rise of social media, and the current state of the economy, are fueling the expansion of iGaming in Malaysia. This growth is likely to continue in the years ahead as more people discover the convenience and excitement of gambling online.
A Look at the Future of iGaming in Malaysia
The world of online gambling is constantly evolving. Our favorite casino games could change as a result of the continually developing new technologies. Let’s look at how Malaysia’s iGaming industry is predicted to change in the coming years.
1. Virtual Reality
Virtual reality (VR) is already making waves in the world of online gaming. And, as VR technology becomes more sophisticated and less expensive, we think it’s only going to become more popular with casino players in Malaysia. After all, what could be more immersive than being transported to a virtual casino where you can play your favorite games?
2. Augmented Reality
Augmented reality (AR) is another cutting-edge technology that’s starting to make its way into the world of iGaming. AR allows players to superimpose digital images onto their real-world surroundings.
For example, you could use AR to see what a new slot machine game looks like before you start playing it. Or, you could use AR to get an overview of a poker table before you sit down and start betting.
3. Live Dealer Games
Live dealer games are another trend that’s been gaining traction in recent years. Live dealer games are casino games that are streamed live from a studio or land-based casino. Due to this, players can have a genuine casino experience without ever leaving their homes. Live dealer games are only going to become more popular as time goes on.
The world of iGaming is always changing and evolving. Our favorite casino games could change as a result of the continually developing new technologies. These changes will create an even more exciting and immersive iGaming experience for everyone involved!
Rise of Esports Gambling
Esports is a competitive video gaming event that is watched by millions of people around the world. And they’re only getting more popular. In fact, according to Newzoo, the global esports audience is expected to grow to nearly 600 million people by 2023.
With its growing popularity, it is expected to start making an impact on the world of online gambling as well. For example, we could see casinos start offering betting opportunities on esports matches or even holding their own esports tournaments.
There is already esports gambling. Eilers & Krejcik Gaming estimates that $8 billion was gambled on esports in 2020, and they predict that this amount will continue to rise over the following years. So, it’s no surprise that more and more casinos are starting to offer esports betting options.
In fact, some casinos have even started holding their own esports tournaments. For example, last year the Hard Rock Hotel & Casino Atlantic City held an esports tournament with a $50,000 prize pool.
Juta88 Casino, Epicwin Casino, and Jadiking88 Casino are all reputable iGame casinos that offer esports gambling. These platforms allow you to place bets on different esports games, including League of Legends, Dota 2, and Counter-Strike: Global Offensive.
5 Reasons Why You Should Try iGaming in Malaysia
iGaming in Malaysia is unquestionably something you should try if you’re seeking for a novel and engaging form of gambling. Online gaming, or iGaming, is one of the world’s fastest-growing industries. Here are five reasons why you should give it a try:
1. Ability to play from anywhere.
Anyone who has ever been to a brick-and-mortar casino knows that it can be quite a hassle to get to. You need to figure out some concerns, such as how to get there, where to park, and how to deal with the people and noise. However, if you have an internet connection, you may gamble from anywhere in the world using iGaming.
That means you can play from the comfort of your own home or from wherever you are. And you don’t have to worry about dress codes or other casino rules. You can play any game you want, anytime you want. So if you’re looking for a convenient and easy way to gamble, iGaming is the way to go.
2. Huge variety of games to choose from.
If you’re unfamiliar with iGaming, it’s essentially any form of gambling that takes place online. This includes everything from slots and poker to sports betting and blackjack. One of the great things about iGaming is that there’s a wide variety of games to choose from. Whether you’re into slots, poker, blackjack, or sports betting, there’s an iGaming site out there for you.
3. Get started with a small budget.
iGaming is a terrific choice if you’re seeking for an enjoyable and inexpensive form of gambling. You may start gambling at the majority of iGaming sites for as little as RM10 (about US$2.50), and it’s also a convenient way to gamble because you can play from the comfort of your home.
You may choose from a huge selection of games at iGaming, so you’re sure to discover one you like. So iGaming is unquestionably worthwhile to try if you’re seeking for a fresh way to wager.
4. You could win big!
It’s understandable why iGaming has grown in popularity in Malaysia over the past few years. You have the possibility to win significant prizes aside from having a lot of fun. There are many different iGames to choose from, so you’re sure to find one that suits your interests. Plus, with so many people playing iGames, the jackpots can reach impressive levels.
5. Safe and secure.
When done at a reputable iGaming site, online gambling is just as safe as any other type of online transaction like shopping or banking. Most sites use state-of-the-art security measures to protect your personal and financial information.
1. What is iGaming?
iGaming refers to online casino games, sports betting, and other forms of gambling that can be accessed through internet-connected devices.
2. What is the future of iGaming in Malaysia?
The future of iGaming in Malaysia is uncertain at the moment, as the government has not made any clear decisions on potentially legalizing and regulating the industry. However, there is potential for growth and development in the industry if it is legalized and properly regulated.
3. How can I stay safe while playing iGaming?
When playing iGaming, it is important always to make sure that you are using a reputable and licensed gaming platform. It is also essential to set limits for yourself and not gamble beyond your means.