Technology is constantly evolving and improving our lives and everyday activities. So whether it’s entertainment, business, health, tourism, security, or any other aspect of modern society, the growing relevance and reliance on technology can’t be overstated. You could easily say the same thing for a famous pass time, otherwise traditionally known as gambling.
The gambling industry has evolved significantly from how it started when people cast dice at street corners to when bettors troop into casinos to get their gambling on. Nowadays, more people can choose to game and put their luck to the test without leaving their bedrooms. But again, this revolution in the industry has been driven by technology.
Proof of how much technology is improving gaming is that the number of online gamblers has gone through the ceiling. All they need to do is connect their devices to the internet and choose the best online live casino. Players also enjoy an immersive, exhilarating, and fair gaming experience while winning many cash rewards.
To further understand the positive impact of technology on the gambling industry, you need to check out some of the stats by researchers showing the growth of the gambling market between 2020 and 2022 and their projections of the growth expected beyond that period.
How Is Technology Impacting the Industry?
One of the primary reasons why more people are taking their gambling online and trading in real-life chips for virtual ones is because of the convenience it offers. In a virtual setting, players can connect to the internet, sign up, fund their accounts, and start playing.
Secondly, the user interface provided by casino sites online has continued to improve, even bringing some real-life features enjoyed in a physical casino to the online space, like live dealers. There are, of course, many other reasons for this, but the forecast for this market will keep looking bright as technology advances.
Here is a list of the five technologies used by online casinos.
1. Gaming Software
You can’t have an online casino without the actual gaming software that provides the platform for players to play on. While many gaming software are available for the online casino market, just a handful are used by the best online casino sites.
It’s because the gaming software determines the UI (user interface) and UX (user experience). The software determines the game range, quality of graphics, ease of use (player friendliness), how interactive the platform is, and other features that make the gameplay enjoyable. Some popular gaming software providers include Playtech, NetEnt, Betsoft, Microgaming, and others.
2. Mobile Gaming Technology
One of the most accessible technologies today is a mobile phone; a more significant percentage of the world’s population has access to mobile phones because of the various brands available, which has made these devices more affordable.
Online casino platforms are taking advantage of this growth by adapting their sites to be compatible with mobile phones and different operating systems and creating mobile apps that are easily downloadable.
As exciting as this seems, the online casino experience can now even be enjoyed on smartwatches. It means that online casino lovers with smartphones can enjoy games like blackjack, online slots, and roulette whenever and wherever they want.
3. Virtual and Augmented Reality Technology
Did you ever think you could visit another country without getting on a plane? Or be at a live concert or sports event while chilling on your couch? Technology makes that possible now, even being in a casino without being there. It’s possible with the assistance of virtual reality and augmented reality technologies.
These two technologies, which are often mistaken for each other, are now being used by the online gaming industry to make the experience more immersive and interactive for users. These tech trends are more noticeable in live casino games – with gamblers playing live dealer games using real dealers and against other users. As this technology becomes more accessible, in-person trips to actual casinos might decline.
4. Blockchain Tech
If someone mentions blockchain technology to you, what do you think about it? Cryptocurrency right? While blockchain technology has been made famous by the emergence of cryptocurrency as an alternative currency in modern times, the technology has applications in other areas, including online gambling, as it makes it more secure.
Blockchain technology is decentralized, and every activity is recorded on a distributed ledger that can’t be altered except by the parties that executed the smart contract.
Yes, the technology is a bit difficult to understand but be that as it may, it’s tried and tested. Some online casinos now also allow players to make deposits and withdraw winnings in the form of their preferred cryptocurrency.
5. Two-Factor Verification (2FA)
It’s another technology designed to improve security, especially with hackers looking to steal user data or even virtually rob them of their money.
Online casino sites now use two-factor verification or 2-step verification technology, primarily in mobile gaming, because it provides an extra layer of security that requires users to prove their credentials before accessing their accounts or even making withdrawals.
Other technologies integrated into online casino gaming worth mentioning include cloud technology, artificial intelligence, live dealer technology, and others.
All of these tech trends have been instrumental in elevating the user experiences in the casino gaming industry, and they are hugely responsible for the upward trajectory of the sector.