Online Gambling is without a doubt one of the most well-known industry in the world. This is because is all about entertainment and the bigger the bet the more attention it gets. As technology becomes better, online gambling has been at the forefront of it all. The big question now is what is the Future of Online Gambling and what can we expect from it?
In the past 3 decades, gambling has gone from plastic chips, cards and paper betting slips to digitalizing everything. This is thanks to innovations that include the internet, digital algorithms and smart phones. In addition, the COVID-19 pandemic has shown us that many things that we usually do in-person can be done anywhere. However, the current iGaming technology is just the tip of the iceberg as the future holds much more.
The Future of Online Gambling – What to Expect
Mobile Gambling Growth – First off, mobile gambling has been around since 2003 and began in the UK as a mobile lottery app. While the technology has been around for almost 2 decades, it is still not at its full potential. As smart phone technology gets better, so will online sports betting and casinos. Expect the mobile gaming market to reach $53.755 million by 2025.
Virtual Reality Gambling – One of the biggest challenges by even the best iGaming Platform is giving players a realistic gambling experience. While still in its infancy, there already a few applications and virtual gambling platforms available. It is true they still have a long way to go until a gamer will have the ideal gaming experience. However, since technological innovations are increasing at a tremendous pace, expect to see it soon.
Faster Digital Payouts – All online sportsbooks and casinos have digital payouts available to its clients. However, the efficiency of it is lacking in certain markets as not everyone is able to receive near instantaneous payouts. For example, the Popularity of online sports betting is Asia is still huge but it lacks fast payouts. A lot of it is because of the legality of online gambling in South Korea, China and other Asian countries. However, as online gambling and its legal aspect becomes more prevalent, so will fast digital payouts.
I-Slots – Also known as Interactive Slot machines are the latest development in online slot machine technology. This is because they use modern computing system to give players the ability to make their own storyline. Therefore, players can have access to certain mini-games like golf for example to increase their winnings.