Over the past decade, the online gambling industry has shot to fame, thanks in large part to advancements in smartphone technology. The fact that even mid-range phones are powerful enough to run resource-intensive applications, an increasing number of online casino players are making the jump as they get to enjoy their favorite games right from their smartphones. The industry has grown so much that it’s total worth inches ever closer to $100 billion. And what’s great is that software developers continue to make leaps and bounds, and the following trends are set to revolutionize the online gambling industry.
1) Increase in cryptocurrency transactions
Unless you’ve been living under a rock, then you’ve probably heard about blockchain and cryptocurrencies. Many people think that cryptocurrencies are only meant to replace cash as the primary mode of payment. It’s interesting to learn that blockchain extends beyond modes of payment and offers far more use-cases.
In the online gambling industry, blockchain technology is implemented to boost security, which is a major concern among many online casino players. The blocks of data used in blockchain are virtually impossible to manipulate. This allows players to feel more confident about their account security while also helping them to understand whether online casinos offer games that meet transparency tests.
2) Better user experience through artificial intelligence
In their early days, online casinos would entice new players by offering bonuses such as signup and referral bonuses. Today, this strategy is still widely implemented to great success. Many players who are just getting their feet wet would look up Sportingbet bonus code to essentially give them more value for their money.
Now, however, online casinos have upped their game, utilizing both machine learning and artificial intelligence to provide the best possible user experience. These technologies are used to gather data that ultimately allow computers to perform tasks that traditionally required human interaction.
Machine learning uses statistical models and complex algorithms that enable computers to learn from past data and execute certain tasks within the confines of the rules set by the developers.
3) More live dealer games
Land-based casinos are still flourishing, primarily because of the surreal experience they offer to clients. But more and more people are turning to online casinos as they enjoy the flexibility and convenience that come with playing online. Back in the day, however, many online gamblers frowned upon the use of random number generators as they pose a transparency concern. With advancements in technology, online casinos now feature human dealers so that clients can rest assured that no tricks are used throughout the process.
Things get even more exciting when you factor in augmented and virtual reality. Many online casinos now use both AR and VR to simulate the feeling of playing in a brick and mortar casino. Just wear your VR goggles and find yourself in a casino-like environment, allowing you to check out different games and communicate with other players just like you would in a land-based casino.
Online casinos are engaged in a race to offer the best user experience. Such fierce competition means the different casinos need to work harder than ever to attract and retain their clients. The ultimate winner here is the players, as they get more options to choose from for their fun and secure online gambling experience.