There is no denying that the internet has had a truly revolutionary impact on the gambling industry. In a few short decades, the global online gambling sector has increased from a number in the low tens of billions to one that industry analysts predict will hit over $100bn in a few short years. And nowadays, thanks to the explosion in online gambling, you are only ever a Google search away from accessing sophisticated websites such as the best NJ online casino gambling sites.
But with more online casinos bursting onto the scene than ever, and with the industry looking like it might be beginning to hit a saturation point, what are some of the new technological directions we can expect the casino industry to take?
Virtual reality
Although it hasn’t quite seen the sales numbers and industry integration analysts had predicted some years ago, there is still a tremendous amount of buzz around the potential of virtual reality technology. In a few short years, virtual reality technology has made massive advancements in terms of sophistication and cost. Although it was once prohibitively expensive, clunky, and required masses of space to properly utilize, virtual reality headsets can now be purchased for a relatively low price. For the gaming industry, in particular, virtual reality technology holds massive potential to offer incredibly realistic, immersive experiences, particularly on mobile devices.
Some development studios are already testing the first releases of fully three-dimensional casino games that can be experienced in real-time. And given the potential that virtual reality devices hold, and with the technology’s cost coming down all the time, we can expect to see online casinos heavily investing in this technology in the coming years.
Cryptocurrency integration
Few technologies have dominated the headlines in recent years with the same intensity and interest as cryptocurrencies. The crypto boom is perhaps the closest thing to a goldrush we will experience in the modern era. The massive surge in prices experienced in 2017 and 2018 saw millions of individuals across the globe acquiring cryptocurrencies for the first time.
But with prices gradually tapering off once the price levels normalized, is there still as much of an appetite for cryptocurrencies in the online gambling industry?
Without a shadow of a doubt, the answer is a resounding yes!
The fall in prices hasn’tdeterred online casino developers one bit. And the interest incryptocurrencies, and the underlying technology, remains at an all-time high. The reason for this is quite simple: cryptocurrencies offer incredible benefits for both users and platforms in terms of how they can streamline payments processes. These benefits include price reductions for both parties and considerably faster processing times on both ends. For this reason, the online gambling industry is heavily investing in a crypto-based future. That could see online casino platforms having greater crypto integration or developing their own bespoke cryptocurrency for use on the platform itself.
