Technology drives virtually every industry forward. The online gambling sphere is no exception. The ability to have a worldwide digital presence has done wonders for the betting industry. Today, players can bet from anywhere, at any time.
The impact of technology over the online betting industry will undoubtedly continue. With the rise of virtual reality, players will be able to get an authentic casino experience from home, negatively impacting land-based casinos.
- Smartphone technology is responsible for the rise of online gambling.
- Online betting uses advanced encryption to protect user data.
- AR/VR will play a role in the growth of online casino gaming.
The Role of Technology in Online Gambling
Computers and the internet have made it easy to transform casino games and sports betting into simple activities –especially given the small amounts of data exchanged between the player and the site. All this has made wagering accessible and has allowed these platforms to reach new demographics.
Today, we have easy-to-use apps that offer an immersive and seamless gaming experience through products that feature fantastic graphics and complex gameplay. During the global pandemic, more players discover the advantages of real money online gambling and its variety.
These platforms offer game diversity, convenience, and safety, things that gamblers crave. Nowadays, visiting a real-life betting establishment carries a health risk, while you can play at an online casino from home, jumping from game to game, with set deposit limits.
With the rise in use of smartphones, mobile online casino gaming has reached a level few thought possible fifteen years ago. Technology is continually advancing, and the online gaming industry has leveraged this by producing platforms with vast game libraries that fit in your pocket.
Portability and easy access have additionally boosted the industry and increased revenues. Mobile apps and improved user experience on a mobile device will drive the industry forward.
Technological developments have also become a way for online casinos to offer a vast range of payment options. They’ve even fostered the inception of methods specifically created to target online gamblers. Payment apps and e-wallets like Zelle or MuchBetter market themselves as a solution designed for the global gaming industry.
Others that have benefited from the rise of online gambling include popular e-wallets such as Neteller and Skrill. Online casinos have also ventured out into the acceptance of cryptocurrencies. They often reward players that opt to use these options with bonuses and cashback deals.
Challenges the Online Betting Industry Faces
Even though the use of cryptocurrency has helped the market, governments and regulators do not like the relationship these two have formed. They do not like the anonymity cryptos provide, and fear that it makes many anti-fraud measures useless. Thus, this and other concerns may lead to tightening regulations.
Another problem is that millennials seem to be more interested in eSports and competitive video games than those of chance. Meaning, the player-base may be drying up. If we add to this the fact that tech companies are bound to face more scrutiny regarding their carbon footprint, it becomes evident that some challenges lay ahead.
Online Player Safety
Sites that utilize user information must ensure data security. Most online betting sites use SSL encryption. They have an SSL certificate installed on their server that has a public and a private key that work together. Internet browsers only trust certificates from organizations on their pre-installed list.
A company must comply with authentication standards established to be on this list. Legit online casinos also partner with secure payment methods that users recognize, and they offer more than one option. Also, testing agencies regularly audit the games for fairness.
The Future of Technology and Online Gambling
Many believe that augmented reality and virtual reality will infiltrate the industry and play a significant role. With the use of a headset, you will be able to play blackjack in an environment that mimics a real-life casino floor. Thus, after the pandemic, veteran gamblers won’t need to visit a land-based establishment for an authentic gaming experience.
Thanks to artificial intelligence and virtual reality, they can have a similar social experience from home. The industry also utilizes AI technology, via chatbots. However, how this field advances, so will its applications in online betting.