Emerging Tech in the Gambling Industry
Technology has shaped the way we live our lives, from household chores, shopping, and communication, to even the games we play. Since the inception of online casinos in the 1990s, brick-and-mortar establishments are no longer the only way to wager.
The global gambling market has exploded over the past few decades. Thanks to the internet, it’s projected to reach $565.4 billion by 2022.
They aren’t hitting those numbers by sleeping at the wheel. Casinos are paying attention and putting new advancements in technology at the forefront of the gambling experience. As a result of their calculated evolution, betting from home or on the go has never been easier.
Perhaps one of the most significant steps forward for the entire industry was the introduction of mobile gambling. With the use of HTML5, users can play their favorite casino games in their phone browser as seamlessly as they would on a desktop. The graphics and game formats are specially developed for small screens, making them easy to access anywhere at any time.
Users can play table games such as poker, blackjack, and roulette or spin the reels at one of many slot apps for example. Even live dealer casinos are optimized for mobile devices.
Sports Betting Apps
The global sports betting market has seen massive growth over the past few years and is expected to reach $140.26 billion by 2028. More countries and states are legalizing retail and online sports betting at an increasing rate. With the addition of sportsbooks apps, revenue is only continuing to grow.
Apps allow users to bet on games whether they’re at home watching on the couch, out at the bar, or grocery shopping. With the convenience of wagering from your mobile device, the possibilities are endless.
Blockchain technology has changed the way companies, such as casinos, do business online. All transactions and functions are anonymous and verified on a decentralized ledger that everyone can access. This technology is especially crucial when it comes to cryptocurrencies, which betting sites frequently use.
Every card dealt and dice rolled is recorded and transparent with blockchain technology, guaranteeing that all moves gambling sites make are fair. It also ensures fast and secure payments by allowing users to skip a lengthy identification process.
The future is here. Will virtual reality replace real-life experiences? That is yet to be determined, but many are turning to the 3D digital experience when travelling isn’t an option. When you can transport yourself to the Las Vegas strip in the blink of an eye, it’s easy to see why.
Not only can you stroll through the casino floor, play slot machines, visit the bar, or grab a seat at a blackjack table, there are other users with avatars doing the same alongside you. It’s an engaging experience that provides a vital social element in a time when human interaction is lacking. Things may eventually return to normal, but with the convenience virtual reality offers, it will undoubtedly continue to rise in popularity.
Countries all over the globe have different laws and regulations when it comes to gambling, which could quickly become very confusing for those placing their bets on the internet. That is why geolocation tracking is one of the most valuable tools in preventing people from wagering in areas where it’s not legal.
The initial tracking technology was dodgy and often blocked people living near the border of their jurisdiction from accessing online casinos. A new method emerged that allowed operators to triangulate users’ locations by using the wifi networks closest to them. This technology also checks for VPNs to prevent bettors from bypassing the system. All of this allows online gambling sites to stay within the limits of the law and protect their visitors.
The Betting Industry Will Move Onward and Up
With the current accessibility of online casinos, there’s never been a more advantageous time for bettors to enjoy their favorite games from home or on their phones. Gambling operators’ utilization of mobile advancements, apps, cryptocurrencies, and tracking barely scratches the surface of what the future holds.
While technology will continue to grow in ways we can’t even foresee yet, one thing is certain. The gambling industry will remain on the cusp of the most innovative and exciting ideas.
About the Author
Ashley Grasse is an avid traveler and has enjoyed more than a few nights in casinos around the US. She is currently employed by OUSC as a writer. She has always had a passion for the written word and loves to read. Most of her spare time is spent hiking, foraging, or swimming. Although she currently doesn’t have any pets, she adores dogs immensely.