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Reports & Data

The new iGaming Trend: Wide-Area Progressives, by CT Interactive

Thursday 27 de July 2023 / 12:00

2 minutos de lectura

(Sofia).- The iGaming industry is alive with innovation and new trends. Among these, Wide-Area Progressive (WAP) slots are emerging as a game-changer, offering life-altering jackpots by pooling bets from a vast network of casinos. The excitement scales to new heights as the jackpot prize grows with each bet. In this post, we delve into the intricacies of Wide-Area Progressive slots, how they function, and why they are captivating the hearts of slot enthusiasts worldwide.

The new iGaming Trend: Wide-Area Progressives, by CT Interactive

Wide-Area Progressive slots are progressive games where the jackpot increases with each bet made on the network, regardless of the casino or location. In contrast to standalone or local progressive games, WAP slots are designed to pool bets from numerous casinos, sometimes across different regions, leading to jackpots that can grow into the millions. The chance of winning life-changing amounts with a small wager has a magnetic pull that never fails to draw a crowd. The odds of hitting the jackpot might be slimmer compared to local progressives, but the sheer scale of the potential payout is an irresistible attraction.

We see the rise of WAP slots being aided by advancements in technology and growing collaboration among casinos and gaming providers. High-speed internet and secure networks enable the seamless pooling of bets across vast distances, and this level of integration was unthinkable a couple of decades ago. However, today it’s a reality reshaping the iGaming industry. The future of WAP slots will likely be influenced by technology and regulatory evolution. Blockchain technology, for example, could enhance the security and transparency of WAP networks, and as regulations evolve, we may witness the emergence of global WAP networks.

 Still, challenges are ahead, and regulatory hurdles are among the most significant faced by Wide-Area Progressive networks. Gambling regulations vary widely between regions and countries, and ensuring compliance across jurisdictions is often complex. Moreover, taxation of WAP jackpots can also be a complicated matter due to the involvement of multiple jurisdictions. Additionally, the logistics of managing and maintaining a network of slot machines across different locations is a daunting task. Therefore, ensuring the integrity and security of the network, particularly when it involves financial transactions, is of utmost importance. Plus, given the size of the jackpots in Wide-Area Progressive slots, casino operators and developers have a responsibility to ensure these games don’t promote problematic online gambling behavior. We hope to see multiple features in place, such as safeguards, player education, and the promotion of responsible gaming practices.

 As technology evolves and the iGaming industry grows, Wide-Area Progressive slots will likely continue to soar in popularity. The potential for international networks could further elevate jackpots to global proportions, and with the integration of augmented and virtual reality, the WAP slot experience could become even more immersive. For players seeking the ultimate thrill and the dream of colossal jackpots, Wide-Area Progressive slots represent the epitome of high-stakes, high-reward gaming in the modern age.

Categoría:Reports & Data

Tags: online gaming, Casino Online, CT Interactive,

País: Bulgaria

Región: EMEA

Event

GAT EXPO CARTAGENA 2025

28 de April 2025

Colombian Olympic Committee, GAT Expo, and Colombian Official Esports Announce Historic Partnership to Promote Esports as an Olympic Discipline in Colombia

(Cartagena) - The Colombian Olympic Committee (COC) and GAT Esports have sealed a strategic partnership to promote esports as part of the country's professional sports ecosystem. The announcement was made at a formal ceremony held at the gaming industry products and services exhibition hall, attended by Marco Emilio Hincapié, President of Coljuegos, COC executives, José Aníbal Aguirre, CEO of GAT Esports, media, and special guests.

Wednesday 30 Apr 2025 / 12:00

GAT Expo 2025: Novelties, technology, innovation, and high-level networking in the magical city of Cartagena

(Cartagena, SoloAzar Exclusive).- Today concludes GAT Expo Cartagena 2025, which has taken place this week with the presence of 23 countries and more than 70 international brands in the historic city of Cartagena de Indias, with its cobblestone streets, flower-filled balconies, and centuries-old walls.

Wednesday 30 Apr 2025 / 12:00

Successful Start to GAT Expo Cartagena 2025, Which Continues with Two Days of Gaming Sector Exhibitions

(Cartagena, SoloAzar Exclusive).- Perfect attendance and strong performance were the highlights yesterday at the GAT Academy conference series at the start of GAT EXPO Cartagena, which continues today and tomorrow with the exhibition of products and services from important companies in the gaming sector, both traditional and online.

Tuesday 29 Apr 2025 / 12:00

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