When you think of gambling, what comes into your head? Expensive hotels and casinos, old school slot machines, various other mechanical contraptions like spinning wheels and mundane things like cards. Well, gambling has taken a new form. You can win big sitting in the comfort of your own living room. How is this even possible? It all started in 1994 in Barbuda and Antigua.. The whole online gambling industry is expected to be worth around 94 Billion USD by the end of 2024. The advancement of technology has led to a massive boom in the online gambling industry. Technology simply provides a better experience, as well as easier access to online gambling. You can try it online here www.casino.com, just to see how exciting it is! Let’s now take a look at the various factors and advancements that are there in the future of online gambling.
1. Massive Technological Advancement
Now that the betting industry is massively profitable, every software enterprise wants a share. This has led to an immense improvement and development in products and software, almost daily. This makes online gambling much easier and accessible to the general public. However, now online betting is being made available even on smartphones. Developers make new online games simply by improving technical features and graphics, but mostly for computers. This is now changing. It is the age of smartphones, as a handheld device like a smartphone or a tablet is much user to use to surf the web or play an online game. This convenience is the reason online betting games should be available on both platforms, and there is one developer that has made this possible. This is one development that appeals to the masses and bodes well for the future of the online gambling industry.
2. A Single Platform for Sports and Online Betting
The unpredictable and exciting nature of sports makes it a perfect thing to bet on. The fanbase is passionate and devoted, always looking to involve themselves further in the sport they are invested in. Traditional casinos don’t offer you the combination of sports betting and gambling, but with the gambling industry-shifting online, sports and gambling has been merged much to the delight of the fans. In fact, fantasy sports is one of the largest growing industries, estimated to be worth billions. There are several exciting catches to this concept, that set it apart from traditional gambling, and the users feel like they have an actual stake in the performances of their fantasy players. Websites allow you to place bets on all sorts of sports like football, basketball, tennis, gold and many, many more. With this interesting spin to online gambling, its future is quite bright.
3. Augmented and Virtual Reality
One technological advancement that has received a lot of attention and praise in recent times is Virtual Reality. The ability to experience anything, to be transported from your living room to wherever you want to be is fascinating and exciting. Though Virtual and Augmented reality is mostly used for video games nowadays, it’s only a matter of time before it becomes a feature of online gambling. This will put online gambling on a whole new level, you can meet simulations of dealers, place live bets and even enjoy the atmosphere of an actual, Las Vegas-style casino. The real-life graphics will engage more people but it will also spell the end of real-life casinos. Players can place a bet in a casino in Vegas, and then be off to some South American country in the next 5 minutes, from the comfort of their own living rooms. This is the one feature that will ensure the survival of the online gambling industry and will ensure the death of real-world casinos.
While online gambling is on par with real casinos, there is a change coming. This is because the audience for online gambling skews much younger and are the ones who are dependent on their phones. These people, between 18-36, are the ones responsible for the boom in the online gambling industry and are not the ones who would go to traditional casinos. However, with the advent of blockchain technology and cryptocurrencies, traditional casinos could take a hit. These options offer much better transparency to players, thus increasing the trust people have in each other, and the idea of gambling itself. Online currencies make transactions swift and easy. The massive technology boom has only supplemented the exponential growth of the gambling industry.