What is the Future of Online Gambling?
If you are looking to make money online, you’ll love to hear that there are dozens of gambling sites that accept players from over the world. These sites have earned numerous accolades and have an excellent reputation for having a safe and secure gambling environment.
But what is the future of this industry? What trends will determine its stakes in the next decade. Online gambling is one of the fast-rising sectors in the world economy and comes with fantastic chances for bettors.
Many people are now connected to fast and stable internet, and new software is being developed for this industry, making it possible to gamble and collect your winnings remotely.
Top Five Predictions on the Online Gambling Industry
1. Increase of Mobile Gambling
Over the last few years, the number of smartphone users have been increasing worldwide. According to the latest statistics, there are over 3.5 billion smartphone users in the world which is a 9.3% increase from 2018.
These figures have boosted the online mobile gambling and since the industry is targeting the young users, gambling companies with smartphone apps will get a high number of users compared to those that don’t have the software. Mobile gaming is time-saving and more convenient for users. Besides, wearable techs such as Apple and Samsung watches are on the rise and soon you’ll soon be placing bets with your watch anywhere.
2.Augmented and Virtual Reality
Augmented reality is fast becoming a necessity in casino betting. This technology has made the games fun and more appealing as it enables you to play a game while meeting people in virtual reality. Players can meet live dealers and gamble on various games without leaving their home. And besides, this technology has a 360° experience that enables you to follow situations on tables and make well-informed decisions.
Virtual reality (VR) technology will enable online gambling industry to remove some existing restrictions. Its now available for modern video games and players will soon play all casino games without leaving their home. This will be a huge improvement to the casino industry as players will be able to play in the Las Vegas Casino and any other casino that has adopted this technology at the comfort of their homes.
3.Increase in Blockchain and Cryptocurrency Use
Online gambling is one of the fastest rising sectors in the gambling world but not without challenges. There are some state and international laws that have made online gambling more confusing and difficult. And it’s hard to protect users without affecting their rights and privacies. This has made money transfers slower and riskier for both the consumers and businesses in this industry. This has made many users opt-out of the industry, but Blockchain and cryptocurrency technologies are set to address this soon.
According to HackerNoon.com, Blockchain technology is faster and safer for both consumers and operators. And besides, the transactions are more transparent and does not require any bank. The only requirement in between is the payments and low-fees between countries which are easier to settle.
4.Enhanced Communication with Casino Apps
Over the last two years, there has been a reduction in the number of traditional casinos worldwide due to online gambling taking over the industry. Innovative companies are now developing new apps that enable them to communicate with their customers and also allow them to gamble. According to a report by the Gambling New Magazine, there is a new MGM Grand app that will enable users to play cloud-based games version from hotel rooms.
5.Emergence of Esports
Esports recently emerged in the public domain and has attracted an audience from many parts of the world. Currently, you can indulge in their video games and win money and other amazing prices. As time goes by, esports enthusiasts will be able to do more besides taking part in worldwide tournaments and streaming their matches. Some of the most popular esports games are League of Legends, Counter-Strike, Dota 2 and Call of Duty.
The online gambling industry is fast rising as a result of many technological developments. And since technology impacts several aspects of our lives, online gaming and gambling are no different. And though brick and mortar gambling companies could be there for a while, they’ll have to launch online platforms or lose a considerable number of users.
