The global online gambling industry was valued at USD 63.53 billion in 2022 and is predicted to grow at an annual growth rate of 11.7% between 2023 and 2030. People’s love for the convenience of online gambling has seen hundreds, if not thousands, of new casinos, pop up almost monthly worldwide. However, online casinos must keep up with trends and ever-evolving technologies to keep growing at this rate.
So, what does the future of online casinos look like? In this article, we look at some of the most famous predictions.
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More advanced online casinos
The competition amongst online casinos is stiff and will continue to be as more and more casinos, such as Vavada, turn up the technological dial to offer tournaments and live games. Live dealer games have grown exponentially in popularity. They offer players an immersive gaming session as if they were in a brick-and-mortar casino and allow players to interact with both the host or dealer and other players. Soon though, more than this will be needed, and online casinos will have to prepare their platforms for augmented and virtual reality and various means of payment, such as cryptocurrencies.
Augmented and Virtual reality online casinos will become a reality
Virtual reality technology has been popular among gamers for quite some time. However, in its early days, it was rather expensive and not accessible to the general public. Things have changed with VR and AR technology being more affordable and finding a place in online casinos. This will make online gambling immersive like never before; talking to and seeing a fellow casino patrons will be possible. In addition, players will be able to feel the deck of cards, and with AR, players can step into a game of their choice and participate.
Mobile gaming for players on the go
Gambling on a mobile device such as a smartphone or tablet is at an all-time high. This is primarily thanks to advances in technology and software that make mobile phones on par with desktop computers. Also contributing to this is that high-speed internet is now accessible worldwide at a relatively low cost. In addition, most online casinos have a downloadable app. However, this may be optional as most casinos are mobile-optimised, so players can use their device browser to access the casino. With this comes more safety and security than ever before, using the latest encryption technology to keep players’ accounts secure.
Cryptocurrencies as payment
Cryptocurrencies are here to stay, with many players preferring this method of payment thanks to its additional safety features and anonymity it provides. Due to its decentralised nature, payments can be received and made much faster than traditional banking methods and is cheaper to process for both parties. For online casinos to thrive, they must accept as many cryptocurrencies and payment methods as possible.
Conclusion
As the online casino industry grows, adapting and adopting the latest trends and technology is paramount to their survival. It won’t be long before players log into their casino accounts and enter a virtual reality world filled with slots and games or perhaps use a fingerprint or retinal scan to deposit funds. Time will undoubte
Simon has held senior content leadership positions at online casinos and sportsbooks for 20+ years. He leads a team of quality writers who produced trusted and authoritative iGaming content for casinos, sportsbooks, poker and bingo sites. Simon is Managing Director of Magic Word Media.
