The Online gambling Industry has seen a huge growth in the past two decades, mainly due to the increased usage of smartphones and higher internet penetration rates around the world. The industry is set to be worth around $60 billion in 2020, which means there will be even more competition among casinos. But, as there are a lot of rapid technological advancements we will see many online casinos that want to stay ahead of the competition and implement innovations and better services for their customers. Here you can read the latest trends in the online gambling industry so far.
Virtual Reality is an immersive technology that simulates digitally a specific experience for the user. It is still in the early stages of development, but it finds great application in entertainment and educational purposes. Some players of online casino games like to feel the genuine experience of being in a casino.
For this purpose, reputable casinos like casimba.com offer live casino games where you can play with a real dealer, interact with other players, and play in a very authentic setting. But, now there are many software developers that transform popular casino games like slots, poker, and roulette for virtual reality casinos. Although there aren’t many virtual reality casino games and casinos on the market, we can expect in the future, the number of virtual reality casinos to rise.
Blockchain technology is simply defined as a distributed system of series of records managed by a cluster of computers. All of the blocks of data are secured and are non-editable. This technology is perfect for online casinos because it is a decentralized system which ensures complete security, fairness and fast cross – border transactions for all parties. Players will be able to access the sites without their email addresses, so they won’t share any personal data. The best thing about blockchain casinos is transparency, as everyone can see everything that has happened in the games.
The Internet of Things
The Internet of Things, or IoT, is defined as physical devices around the world that are now connected to the internet, all collecting and sharing data. We have already seen the benefits of this technological trend with mobile casinos. You can play most online casino games on your smartphone or tablet, online or offline.
Now we have the first casino games developed exclusively for smartwatches by Microgaming. In live casinos, there are smart cameras that connect live dealers and players worldwide. IoT is also used in land-based casinos for enhanced security with smart surveillance devices and smart cameras with the ability to detect movements and alert the security in the casino.
More Payment Options
We can see more online casinos adopting payment methods for different demographics. There casinos that accept blockchain payments, deposits in cryptocurrencies and e-wallets. We can expect that payment options from Apple Pay and Google Pay to become widely available in online casinos. In the future more and more casinos we’ll have to incorporate these payment methods to beat their competitors and attract new players.