New technology will continue to push the envelope for online gambling as we race through advancements at lightning speed. Technology touches just about every part of our lives these days and online gambing and gaming is no different. While traditional casinos will always be around, online gambling is designed to target consumers 18 – 35 who get the majority of their entertainment by using their smartphones. In this article, we’ll take a look at the top tech trends currently shaping the industry and what it means for the future of online gambling.
Blockchain & Cryptocurrency: A Cure For Bank Woes?
Online gambling is one of the fastest growing markets out there but it’s not without obstacles. Both international and state-side laws pertaining to online gambling are super confusing and always in a state of flux.
Trying to protect consumers from an addictive form of gaming without trampling on user’s rights and privacies is tricky. In fact the rules are so confusing that federal institutions like banks are often perplexed themselves, leading to money transfers being slow and risky between users and businesses in the industry. Blockchain and cryptocurrency entered the scene just in time to be very helpful in this situation and will continue to be a valuable part of online gambling in the future.
According to HackerNoon.com, Blockchain technology is safer and faster for both operators and consumers. There is more transparency in the transactions and no banks are involved. There are only low-fees and payments between countries are much easier.
Smartphones & Wearable Tech Gambling
Since online gambling targets a younger market, it has to be smartphone accessible. In fact, only those companies that stay current on smartphone app technology will stay viable since a majority of online activity has transferred from laptop to mobile phone use. Next on the smart device horizon will be an increase in the use of wearable tech like the Apple watch. Before you know it you’ll be able to place your bets on the go via your watch while you’re at work, the gym, or just about anywhere.
Enhanced Communication With Casino Apps
Over the last year there has been a decline in the number of brick and mortar casinos worldwide as online gambing has taken over. Big casino companies who don’t want to be left out in the cold need to step up their games when it comes to creating virtual casinos for their brand with apps. Innovative casinos can use the apps to communicate with their customers and also to provide online gambling opportunities. Gambling New Magazine recently reported about the MGM Grand app that allows users to play cloud-based versions of their games from their hotel rooms.
Online gambling has several advantages such as combining different types of gambling in one place, such as slots and sports betting. BBN Community reported on a popular trend of 2018 where casinos were incorporating live dealers with their virtual poker and blackjack games that was a huge hit.
Virtual And Augmented Reality
One of the hottest and fastest developing technologies right now is Virtual and Augmented Reality. Virtual reality uses wearable devices like headsets to put you right in the middle of the action. You can feel like you’re walking around an actual casino in real time but without the travel or expense of a Vegas vacation. Augmented reality makes game elements come to life in your own home using the smartphone camera.
One of the most interesting technologies to watch unfold, VR seems almost magical in its ability to transport you to another world. iGaming has the right idea, they recently talked about the future of VR and online gambling, touting it as the next big thing for the industry. Can you imagine playing a craps game in your living room, wearing your most comfortable pajamas, where you get to actually roll the dice yourself? Soon you’ll be able to “attend” live races and tournaments without leaving home.
IoT Technology Of The Future
“The Internet of Things” (IoT) technology is about to revolutionize so many things in our daily lives and internet gambling is no exception.
According to Lucian Marinescu at Online Casino Gems, “IoT has the potential to totally blow up the world of virtual slot play. To put it simply, the internet of things makes machine to machine communication possible. It will allow us to connect devices that don’t normally go online to a network. For example, your refrigerator can order you more milk when it senses you are low and there will be zero human involvement in this transaction.”
Pretty neat, right? This technology can help personalize slot play by learning what you like and how you play. Having a more personalized experience is one of the many things that draws players to online gambling.
A recent Huff Post article talked about the possible ways IoT might change online gambling by saying this, “the Internet of Things has the makings to refashion online gaming in either of the two ways: by traversing the physical gap between the player and the gaming platform and by harmonizing online platforms with concrete casinos.” Online gambling caters to a market that enjoys convenience and comfort mixed with an exciting and personalized experience. IoT technology can help accomplish this by using cameras and sensors within the phone to help gather and analyze user data.
One thing is for sure, the internet certainly isn’t getting any less popular, so it’s going to be an adapt or die situation for the gambling industry. The market has already tipped $100 billion in revenue and shows no signs of stopping or even slowing down. Not to worry, casinos have long been pioneers of technology for their building security and optimization of games. They’ll sail along and invent new and better online gambing technologies to help the industry continue to expand.