Gambling is a sport that has been practised for centuries, maybe even way back to caveman times! Like with everything, it has evolved and the wagers we place today are different from way-back-when. This leaves us with the question “what does the future hold for the gambling industry”? Trying to work out odds can be hard at the best of time, is it out of the question that there will be a new and improved odds calculator?
While it is quite obvious that the answer lies in technology, how exactly will the sport change from the modern technological trends that we are experiencing today?
Let’s take a look…
Smartphones and Apps
Firstly, it’s predicted that gambling companies and investors will pour even more money into casino games that can be played on smartphones. With more than 80% of the adult population having access to smartphones, it makes sense that this is one of the gambling industry’s top targets. Expect more gambling apps with the opportunity to wager real money on all platforms.
Blockchain is a breakthrough technology that’s already influenced, and in some cases completely changed, many industries – including the gambling sector. There are already thousands upon thousands of transactions that are being carried out daily between operators and players.
In the future, it’s predicted that blockchain transactions will be a payment option for all casinos and gambling platforms. This type of technology streamlines transactions, there are no third parties (like banks) involved, and each step of the payment process is transparent.
Essentially, this would mean that winnings would not be blocked by banks, so players will receive their payments instantly each time. Cases of fraud will also be reduced because of the transparency aspect.
Virtual Reality technology has made huge strides over the last few years with developers perfecting the functionality almost daily. Currently, VR devices and experiences are available for purchase by the public, but they are limited to video games. In the future, however, this technology will expand and online gambling will become a “real-life” experience.
Online casinos will continue to replace traditional ones with the option of virtual reality implementation. Players will have the option to play Blackjack in a Vegas casino, and then minutes later they can enter Macau for a few rounds of roulette. Virtual reality is going to change the gambling industry in a big way. It will create innovative opportunities for both players and suppliers.
So, are you ready for the future of gambling? If we take a look at the listed highlights, we certainly are on a promising and innovative path in terms of what to expect. Like it or not, the way we gamble is changing rapidly and inevitably.
We can only hope that the future will continue to improve the overall gambling experience with “responsible gambling” being a key element with each advancement. This way, the industry will attract more regular players and gain more appreciation for what it is.