With each passing year, technology seems to be getting more and more powerful in various aspects of society. As technology grows to become more sophisticated in terms of application, many industries and companies all over the world are looking to capitalize on these developments in order to make the most out the latest and greatest that the tech industry has to offer. One of the more prominent industries to look out for in terms of technological development and innovation is the online gambling and casino industry. Online casino games are continuing to sweep the world as more and more people are captivated by the sheer accessibility, innovation, and immersion that these games are able to provide.
The online gambling industry has been steadily growing over the past few years but experienced a rapid incline over the course of the 2020 global pandemic. Some experts believe that the global online gambling industry will be well worth over $565 billion in 2022. That will make it one of the fastest growing and most lucrative industries in the modern economy. In an effort to keep pace with one another, many casino operators are making use of emerging technologies and trends that are designed to make them shine brighter in an increasingly saturated market. While the demand for online gambling may be high, it’s also becoming an increasingly competitive space as players jostle for prime market position. This can only result in better services and a better experience for the consumers in 2022. Here are a few trends to look out for within the online gambling industry next year.
More Lenient Government Regulations
Anyone familiar with the gambling industry already knows that gambling isn’t necessarily as widely accepted as other industries in many parts of the world. In fact, numerous governments still outlaw and prohibit gambling outright within their respective jurisdictions. However, recent trends suggest that more governments will be taking on a more lenient tone when it comes to gambling regulation. This is a natural response to the underground gambling activities that are taking place within these stricter regions. Governments realize the potential losses they could have in terms of tax revenue if they fail to fully regulate gambling activities in their jurisdictions.
Crypto-Integration in Gaming
Crypto is another emerging technological trend, not just in online gambling but in many aspects of modern living. Being a forward-thinking industry, many online casinos are now looking to integrate cryptocurrency as a viable form of payment and withdrawal for their respective platforms. Most online casinos are now integrating popular coins like Bitcoin and Ethereum, but there’s reason to believe that some novelty coins might even be sprouting up on these platforms soon.
The world is going mobile. There is a lot more value in being able to maintain a sense of productivity and connectedness regardless of wherever a person might be and whatever time of the day it is. That’s why more casino platforms are now developing mobile-ready versions of their traditionally web-based platforms. This is to ensure that users have the chance to stay connected and to engage in gambling-rooted transactions whenever they please. In fact, many casino sites are even looking to wearable tech like smart watches as a viable device that people can use for online gambling and betting.
VR and AR Gaming Experience
Virtual Reality and Augmented Reality may not necessarily be new technologies. Many leaders in the field like Samsung Gear, Oculus Rift, and Google Cardboard have been around for quite a while now. However, it’s only recently that online gambling platforms have been starting to offer VR and AR-ready game options for users. This grants an unprecedented level of immersion for online gambling to the users that they have never experienced before. Instead of staring at monitor displays and engaging in bets through 2-D animations and movements, people now have an opportunity to thrust themselves into the middle of a virtual casino that greatly mimics the environment of an actual land-based casino.
A Growing Industry
As the industry continues to grow and capitalize on the developments of technology, it’s expected that industry players will try their best to innovate and ride the waves of trends in order to stay relevant in the market. At the rate that technology is growing, it wouldn’t be farfetched to think that developments are being made on a monthly basis that could potentially alter the course of the industry in a dramatic fashion.