The online gambling industry is living an incredibly prosperous moment. The first online casinos came into being in the mid-90s but wasn’t the instant hit you might think it was.The industry remained pretty dormant for the first decade. Slowly, faster internet and better computers with improved graphics and memory capability, and as a result started releasing the potential of online casinos. In recent years, the online gambling environment has developed at the speed of light.
With so many new technologies around, it’s pretty challenging to predict the future of online casinos. Still, we can be sure that every tech development will be incorporated into as soon as possible. Above all, we can be sure that online casinos are here to stay. What novelties can players expect for the following years?
Virtually, Real Life
Every new technology applied to online casinos makes the gambling experience more vivid. The explosion of capable electronic devices allowed the creation of more complex games.
Tech companies have long realised that this is a very profitable market. This industry is expected to reach 1 trillion dollars worth this year. It’s more than enough incentive to bring the latest innovations to this market. Check below some technologies that promise to bring the casino to the living room.
Mobile gambling makes up a sizable part of the online gambling market. In fact, the mobile gambling market value last year was calculated at about $80 billion. So, we can expect more mobile-friendly casinos to come up in the future. Even smartwatches can enjoy mobile casinos now! However, the number of platforms optimised for this unlikely gaming device is still small.
Cryptos are taking over the online gambling environment. Pretty much every major casino has adopted this payment method. Meanwhile, new casinos are being created specifically for this purpose. Cryptos allow completely anonymous operations, instant transactions, and almost no fees.
Blockchain is the technology that makes cryptos possible. However, it has several other applications. Blockchain has a natural vocation for decentralisation. So, new blockchain casinos have no owners.
Blockchain casinos also promise to make the business more transparent. This technology allows easy funds tracking and can be instrumental against money laundering.
Non-Fungible Tokens, or simply NFTs, are digital assets often traded for real money. NFTs are legitimised by blockchain technology. Blockchain guarantees ownership over digital assets like memes, gifs, and in-game items. Now, NFT is making its way to the online gambling world. Atari has jumped into the NFT wagon and is to release a crypto casino based on NFTs and loads of nostalgia.
Simplified KYC Protocols
Everyone who’s ever registered onto an online casino knows how much of a bother it can be. For those eager to start playing right away, the ID confirmation methods are quite an ice bucket. Luckily, KYC (Know Your Customer) protocols are being sped up by companies like Pay’n Pay when playing online with Pikakasinotsuomi.com. Such simplification is possible due to the bank-ID verification method.
Virtual Reality and Augmented Reality are expected to dominate online casinos soon. Indeed, VR is the latest word when it comes to the immersive gaming experience. However, VR headsets aren’t widespread yet. This situation is likely to change. More companies are selling VR headsets, and the technology becomes cheaper. Augmented Reality slots are already a thing. The number of titles of this kind is likely to increase in the upcoming years.
Two classic forms of entertainment meet in Star Trek-like TVs. Top consoles such as PlayStation and Xbox are already in the game, and we can expect some more console-friendly casinos to pop up. Video games are also instrumental for those casinos aiming to create VR versions. Operations in cryptos aren’t unknown to those consoles either, since games like Fortnite and League of Legends commonly use them.
Speaking of which, electronic sports, also known as ‘eSports,’ are experiencing a massive boom lately. Competitions are increasingly more professional, offering jaw-dropping prizes. The finals of the Fortnite World Cup in 2019 had a prize pool of no less than $15 million.
Electronic versions of big sports tournaments, such as the eChampions League, are growing. Such professionalisation hasn’t passed unnoticed by sportsbooks. Online casinos which offer sports betting options include those competitions in their folios.
Games of pure luck are less appealing to younger audiences, like Millennials and Gen Zers. For this reason, slot machines are facing a decline and are being pushed to renovation. New games, including hand-eye coordination features, aim to cater to this audience.
The future of online gambling looks more exciting than ever! The future looks fantastic, with ever-better electronic devices, faster internet, and immersive gadgets. Wrap it all in a sturdy security system, and the result is a paradise for online gamblers.
Image Credits: Pixabay