Very seldom do new technologies not touch the lives of people across all aspects of life. While the gambling industry might not be considered a mainstream industry, it is moved forward every year by new innovations. In some cases, new technological innovations seem to have been tailored made for the gambling industry, particularly the online gambling industry.
As the online gambling industry continues it ascension to new heights, a number of new innovations are having a profound effect on the industry as a whole. Let’s take a look at what’s going in the gambling industry now and into the future.
Mobile Gambling is the Future of Gambling
Land-based casinos in Las Vegas, Atlantic City, and Macau are still great vacation destinations. However, gambling is no longer the primary draw. The resorts, entertainment, and amenities are special, but gamblers now have other options.
At first, gambling moved online. Anyone with a PC, web browser and credit card could play casino games from the comfort of their own living room. That wasn’t good enough. As mobile devices (smartphones, tablets) became a part of everyday life, recreational gamblers made clear their desire to gamble from anywhere at any time. The gambling industry heard the calls and began developing mobile gambling options. That’s why players at a site like Casumo Casino prefer playing at Casumo Mobile Casino.
At first, it was only possible to use a mobile device and a standard web browser to access an optimized website. It wasn’t long before mobile apps came along and made it easier for people to get access to all the latest and greatest online casino games. Today, experts estimate that 50% of all gambling is being done through mobile devices that are operating on iOS and Android operating systems. Based on current trends, it looks like 80% of all online gambling will be done from mobile devices by the end of 2020.
Here’s Comes Virtual Reality
Innovators in the gaming industry invested a lot of time and money to bring virtual reality to the world of gamers. They could grab their goggles and controls and step into a game as though they were part of the software.
There was exactly no chance that the gambling industry wasn’t going to integrate this new technology into the gambling experience. While still in its infancy, we are seeing land-based and online casinos starting to introduce games that transport the gamblers into a gambling world of their own.
For now, gamblers can mill around a 3D casino a pick casino games that look and feel like the real thing. In the future, it looks like software developers like Net Entertainment and Microgaming are developing online slots that will allow the player to step right into the heart of a bonus game and fully participate in the quest for a huge jackpot.
Blockchain Technology and Cryptocurrency
For years, one of the biggest challenges for online gamblers has been to find safe and secure ways to transfer money back and forth from their online gambling accounts. Old methods were never that secure and always came with stiff processing fees. It would appear the introduction of blockchain technology and cryptocurrencies like Bitcoin have moved the bar.
Today, blockchains allow gamblers to move their monies in and out of their gambling accounts with complete anonymity. All the gambler has to provide the online gambling site which is a username and password. All transactions are kept on the blockchain and away from the eyes of government regulators.
Cryptocurrencies like Bitcoin are the means by which these transactions are being facilitated. Casinos that accept Bitcoin offer immediate deposits and withdrawals with low to no fees. Currently, only 0% of all online gambling sites currently accept cryptocurrencies of any kind. However, that number is expected to triple by the end of 2019 and go higher in the future.