Online casino gaming has been growing exponentially and is expected to reach 59.9 billion US dollars in 2020 and 94.4 billion by 2024, according to Statista. There are no two ways about the fact that technology has played a significant role in the evolution of the industry. With innovations like better smartphone technology, mobile gaming, cross-platform services, new payment options with cryptocurrency, live dealer casinos, virtual reality games, 3D products and more, technology has ushered in the golden period of online casinos. Let us delve deeper to understand how each of the factors above has contributed to the technological rise of the online casino industry.
Growth of smartphone users
Online casinos started with the web versions of the games, but it was the penetration of smartphones that made more punters join the league. Presently, there are 3.3 billion smartphone users in the world, says a report by Statista. It means 42.63% of the world’s population has a smartphone today. The continuous growth in the number of smartphone users has resulted in providing them access to online casinos much more convenient. This growth enables the players to play online casino games irrespective of place and time.
The cross-device compatibility feature of the online casino games makes for a convenient multi-gaming experience wherein players connected through different devices, such as a desktop or a handheld device can play together.
Virtual reality (VR) casinos
Emerging as the vital aspect in online gaming, VR (Virtual Reality) is becoming a key aspect in the online casino industry. VR casinos provide standard features such as the number of games, and the exciting slot bonus offers to the players. To make the experience close enough to playing in a land-based casino, the latest technological developments like VR goggles are used in the casinos to give an all-round knowledge to players. The players can walk around casino floors, check out games, place wagers, and interact with other players. Virtual reality casino games that can enhance the gaming experience by giving cues based on the moves of the player are also becoming a hit among casino players. The first virtual reality casino, SlotsMillion, was launched in 2016, and more innovation is on the way as the technology becomes more sophisticated and demand goes up. The technology is a bit costly, but game developers are working on making it affordable and accessible to a large number of players.
Taking virtual reality casinos a step further, casinos based on augmented technology not only create an illusion of reality but also bring in advanced sensory inputs, thus providing a more enhanced experience like that in a regular establishment. The augmented reality technology in casinos is still at its nascent stage and is being experimented with by both veteran and new casino game developers.
Both virtual reality casinos and augmented reality casinos have also led to graphical and narrative advancement of online casino games. Creatively designed slots are full of captivating graphics, alongside storytelling and narration that engrosses the players like never before.
Blockchain technology has become a vital component of the online casino industry as most of the casinos support Bitcoin and other cryptocurrency payments. With the airtight security system, developments in Blockchain Technology make online casinos transparent and safe for both operators and the players.
Cryptocurrencies have opened new worlds and possibilities for online casinos. Besides giving high security, they provide fair casino games. The growth of Bitcoins and development of Blockchain Technology has impacted various aspects in the online casino industry. We can expect more companies to adopt this feature for security and guarantee of fairness.
Since online casinos provide services worldwide, they need a lot of computing power to aid the required randomisation algorithms. AI, in the form of Neural Networks, helps online casinos to achieve this. Billions of requests get processed by the distribution of computing power through this technology. As a result, a multitude of players across the world can place wagers and bets without any delay in the performance of the online casino games.
It looks like technology is going to make this industry soar even higher! Are you ready to join?