According to many statisticians and experts, online gambling industry growth will continue over the next few years. That’s saying a lot since online casinos are becoming real competitors against in-person casinos. And with the constant evolution of technology, it’s difficult to predict where the future of online gambling lies.
One thing is for certain, however. Online casinos and gambling are not going away any time soon. In fact, it’s safe to assume that they will continue to dominate the industry for the next decades.
But what’s next? What trends are influencing the future of online gambling? Virtual and augmented reality are two developments making serious waves in the online community. Couple that with enhanced security measures and artificial intelligence and you’ve got a concoction for serious success.
This article will take you through a few up-and-coming trends in the online gambling sector. We will also take a look at what a future online gambling platform may look like. Let’s begin.
Table of Contents
The Use of Cryptocurrencies
One of the major concerns that many gamblers have when it comes to using an online platform is the availability of sufficient payment options. Many are worried that online casinos will only work using a connection to an available bank account. This, coupled with concerns about hacking and data security, arise cause for concern.
Developments in the use of cryptocurrencies in online casinos may deflate these fears, however.
Currencies like Bitcoin, Ethereum, and Dogecoin are all becoming commonplace decentralized currencies. Being able to store these on a blockchain network that focuses on security may put people at ease when gambling online.
Experts predict that the use of cryptocurrencies in the online sphere will soon become normal. Then all gamblers will need to do is connect their crypto exchange platform profiles to an online site and pay using digital tokens.
This not only eases some security concerns mentioned above, but it also makes it easier to budget, and harder to lose big sums of money. This applies specifically to low-quantity crypto holders who want to use different forms of wealth management for their gambling needs.
Esports Betting Industry Growth
Sports betting is one of the most popular forms of gambling right now. That is an undeniable fact. Many people go to betting sites and brokers to place bets on teams that are predicted to win. This form of gambling takes a lot of strategy and with proper tactics it’s much easier to make big winnings.
But so far, sports betting is only truly popular for traditional sports. Sports like European football, NBA, and American football are some of the most popular sports betting happens for. But what about the now-rising form of gaming and online sports?
Esports is growing at such a rate that experts predict it may even overtake traditional sports viewership over time. Games like Fortnite, World of Warcraft, League of Legends, and Dota are pulling in millions of viewers per tournament. So, will sports betting move into the esports arena soon?
Well, in reality, it already has. Many people are realising the potential that exists in following and esports team and investing money into betting.
Some teams are genuinely so talented that betting on them is almost certain to make some good money. It’s only a matter of time before esports betting really hits the mainstream. Get in while you can!
Augmented and Virtual Reality
Virtual and augmented reality are already popular tech developments. They’ve been around for a while now, but are starting to gain a lot more traction. This is because companies like Apple invest money into the technology built for these developments. Experts in the industry predict that soon everyone will be wearing VR goggles instead of using something like a mobile device.
But how does this impact the online gambling industry?
Well, one of the things that most online gamblers miss when they move to an online platform is being able to walk around a physical casino.
Seeing the table games and slots with your own eyes is an experience that online platforms have so far been unable to replicate. Interacting with other players and seeing whom you’re sitting across from at the poker table is something players miss.
Well, with the advancements in VR technology, this may soon change. Online platforms are starting to tease the availability of VR and AR experiences in online gambling.
With this, you can simply pop on a pair of goggles and be able to walk around the casino with ease. You’ll interact with other players and enjoy a traditional casino experience all in the comfort of your own home!
No one is exactly sure when these developments will be implemented… But rest assured, they are coming sooner than you expect!
Increasing Access to the Internet
Online gambling has the potential to explode into an industry bigger than ever before. Right now, it is hugely expanded the global gambling player base simply by being so readily available. More and more people would prefer to play a poker game on their phone, instead of going to the casino to do so. And that makes perfect sense. Ease of access was a big deterrent to true casino popularity.
Well, as more and more people are being provided with access to the internet more people can gamble. Couple this with the massive increase in smartphone sales that happen each year and you’ve got a recipe for success.
Online casinos, like the Jupiter Club, are already reasonably successful and popular. With these developments who knows how far the industry will go in the future?
Tech developments are greatly impacting the way humans live their lives. From the food we eat to the devices we use, and what we spend our time doing. Everything is changing in real-time. The gambling industry is not exempt from these developments.
In fact, online gambling is one sector that seems to be impacted the most by tech developments around the world. Soon, playing at an online casino will be an experience quite unlike any other. The only thing now is the wait for implementation. The future of online casinos is now!