Technologies That Have Changed the Online Casino Industry

The online casino industry has skyrocketed in popularity, enormously increasing its growth and revenue generation. Our time with the pandemic has also helped promote online casinos. While other sectors were barely getting by during COVID-19, the online gambling and betting market grew to $61.5 billion in 2021. According to Zion Market Research, projections through 2021 to 2028 estimate the market to grow to $114.4 billion, with a CAGR of 10.9%!

The Popularity of Online Casinos

The pandemic wasn’t the only reason for the popularity of the online casino industry. It has been around for more than two decades. As technology improved, so did the digital landscape, and the online gambling sector was at the forefront of industries utilizing newly emerging technologies.

Let’s look at some of the technologies in the online casino industry that have transformed it from a gambling option to the industry’s staple!

Mobile Gambling

At first, people could only access online casinos through desktops computers. Those days are long ones. Today, most platforms in the only casino industry make their websites accessible through mobile phones and tablets.

Furthermore, many online casinos even launch specialized apps on the Google and Apple stores, which users can download for free! Mobile gambling has made the activity extraordinarily efficient and hassle-free. Gone are the days when people had to physically visit establishments to gamble physically.

In fact, it’s believed that online casinos that do not use mobile gambling technology will soon be driven out of business because of the competition.

Live Dealer Games

Live dealer technology is an often overlooked component of online casinos. Back in the old days, if you wanted to play a live dealer poker match with your buddies, you had no choice but to visit a traditional casino.

Liver dealer games were an essential feature that online casinos lacked years ago. These days, anything can be replicated, from the 3D slot and virtual reality features to live dealer games. These games use video conferencing technology to connect online players with professional dealers. 

Consequently, you enjoy an authentic and immersive experience from the comfort of your home. Live dealer games include Baccarat, Poker, Blackjack, and Roulette options.

Blockchain

Blockchain technology has already revolutionized the digital landscape with its smart contract capability, which provides the right of ownership on the internet – something unheard of in the past. 

Blockchain technology allows the use of cryptocurrencies, which are readily used in the online casino industry for cashless payments. The technology offers immense benefits, from anonymity and digital transparency to robust security and decentralization. 

All heavy-hitters in the industry, from casino platforms to bookmakers, are leveraging blockchain technology on the digital landscape to enhance their customer experience.

Metaverse

The Metaverse is the latest technological cornerstone in humanity’s short-lived history. Brought forth by the execs at Facebook, Metaverse technology will be responsible for creating a virtual environment for people to interact with each other.

This technology will revolutionize gambling and every other online platform in a way that virtual reality has never managed. You can watch shows, visit virtual spaces, attend events, and play games like you’re in the real world!

The application of this technology will dramatically improve the growth of online casinos. One of the biggest concerns in the online casino industry has been providing a completely immersive experience to players, similar to traditional casinos.

Metaverse technology will help casinos achieve that. Anas Fadel Matar, writer of Arabwinners, explains it quickly and colorfully. Imagine you want to play an online casino game like blackjack or poker. You’ll only need to put on your VR goggles and you’ll be able to see a real game table, dealer, and your fellow players in the virtual space. 

Consequently, you can talk to the players and see every detail in the virtual space in real-time. Instead of toggling between options, you might use gesture technology to place bets and use poker chips. Another excellent example of leveraging Metaverse technology is in sports betting. It’s very convenient to place bets on your cellphone, but it lacks the hustle and bustle outside betting kiosks and in the stands, right?

With the Metaverse, you’d be able to place bets as efficiently while enjoying an authentic experience in the virtual space!

Technologies in the online casino industry, like the Metaverse and blockchain, are already changing and increasing their popularity. It will be exciting to see what wonders these technologies help online casinos accomplish in the future!