Gambling has become the most lucrative industry globally as various improvements come into the industry, making it more thrilling and attractive. In addition, online gambling is at an all-time high now, thanks to the advancements of modern technology.
Over the past few years, the online casino industry has undergone many significant improvements. As soon as new technologies appear, online casinos are the first to take advantage of them. As a result, the online gambling industry is rushing forward, whether it’s new gaming features, mobile gambling, or visual enhancements.
The fact is that casino games today are more mobile, slicker, and easier to play than ever before. What looked like a dream a couple of decades ago now is part of our reality – you can take your smartphone and jump into gambling action right away. And it’s not all about mobile gaming. Online casino games quickly narrow the gap with video games, providing players with an outstanding gaming experience.
Online Vs. Land-based Gambling
Gambling encompasses three types of markets. There is the land-based gambling market in brick-and-mortar casinos, a fairly large Internet gambling market, and an unregulated underground gambling market. We see more and more gambling markets move to legalized gambling, and that number will undoubtedly grow in the coming years.
The fact is that online gambling is currently the most dominant sector of the global economy. Before the worldwide coronavirus pandemic, the estimation of the online gambling market size in 2019 was over 55 billion USD. By the year 2030, the online gambling market size should reach around a whopping 130 billion USD.
We can easily see why people gamble more online now than in land-based casinos. Aside from the Covid-19 pandemic, playing online is more convenient and generally cheaper than playing in brick-and-mortar establishments. Traveling to a land-based casino in Las Vegas, Atlantic City, or anywhere else costs a lot more than just going online and logging in at www.RedDogCasino.com to play first-class RTG casino games.
Modern technology takes gambling to a whole other level. Today, it is much safer to make money transactions and play online than to do it offline. As a result, casino games are created differently than before, providing gamblers with something extraordinarily realistic.
The coronavirus pandemic had a significant impact on how often people visited land-based casinos and how such casinos functioned. Nowadays, land-based casinos are limited, and there are strict sanitary protocols that gamblers must follow. At an online casino, you have no such worries. There are no travel restrictions to think about or protocols to follow.
The fact is that the best way to entertain yourself is to go online and play in a reputable online casino. That is why the online gambling sector keeps rising and going forward. That is something we will see happening soon as well. Online casinos will continue to grow, slowly squeezing land-based casinos out of the picture.
|Land-based casinos||Online casinos|
|Requires travel and other expenses||Convenient/Cheaper|
|Larger crowds, loud||Anonymity and home comfort|
|Risks of carrying cash||Faster transactions|
|A limited number of casino games||Thousands of casino games|
|Limited innovations, standard games without many variations||Constant modern innovations and technologies for a higher gambling experience|
Online Gaming Technology Trends To Follow
We can quickly spot the latest tendencies in today’s online casino games. Game developers are constantly in competition in this area, regularly presenting spectacular new titles. The newest casino games have upgraded functions, great visual animations, and higher payouts to keep players interested.
Long gone are the days when casino players only had to play simple cherry-picker slot machines. Now you become a part of history when you play a slot, thanks to developers who bring powerful technological improvements to new slot titles.
Augmented and virtual reality and blockchain innovations are just a few things that make the latest casino games the best. The industry keeps evolving and changing, enabling players to take advantage of these trends. Here are some popular technology trends to follow in the online gambling industry:
Augmented Reality and Virtual Reality Online Gaming
Two technological trends that have taken on a huge role in online gaming are augmented reality (AR) and virtual reality (VR). This technology is still being perfected, and we should expect significant improvements and enhancements in the next decade. Both casino games and video games use some version of VR, which is believed to be the trend of the gaming future.
Virtual reality games are already present on some markets, but it will take a few years before they go fully global. Developers still experiment with this technology, but in 10-15 years, we will likely see all new games being developed with VR technology.
At the moment, VR hardware is still expensive to completely enter the gaming market. However, VR offers something extra that other games do not have. So even though this technological trend is still a few years away, virtual reality will really change the entire landscape of gambling as we know it.
When it comes to Augmented Reality, such online casinos will become a reality in not so distant future. Moreover, AR-equipped casinos will have enhanced features, giving players an extraordinary gaming experience that land-based casinos cannot provide.
Just imagine touching a roulette, blackjack, or poker table at an online casino and seeing the gambling limits without reading any manual. AR casinos will provide an immersive, realistic experience where the boundaries between virtual and real virtually disappear. Ten years ago, this was unthinkable, but in 15 years, it will likely become the standard.
With VR and AR, you will see casino games from a different perspective and some never seen before angles. Of course, players will need to use a piece of special equipment, such as goggles or something similar. That is too expensive for now but will undoubtedly become cheaper as the trend becomes more mainstream within the next couple of decades.
Enhanced Mobile Gambling
At the beginning of online gambling, sometime around the early 2000s, people were thrilled by the opportunity to play casino games online. Everyone jumped into the action and wanted to try playing poker with others, blackjack, roulette, or video slots. It was a fascinating period with thousands of players flooding the online casino rooms.
Online gambling was trendy and attractive in those days because it offered people something unique and completely new. Everyone could play for free and test out the demo versions of the games before depositing real money. On top of that, players didn’t have to go anywhere. Instead of driving to a casino, they could simply open the casino client on their computer and enjoy the game while sitting in their favorite chair at home.
As the popularity grew, the casino industry looked for ways to improve that gaming experience further. Playing on a desktop screen was just not enough. The next step, understandably, was mobile gambling.
Almost everyone has a smartphone or mobile device, and everyone can enjoy gambling on the go. Smartphones are also constantly improving, and all casino games are optimized for mobile devices. This process will improve in the next 15 years, adding more and more new features to casino games.
Some forecasts say that mobile gambling is expected to grow 20% within the next five years. Currently, worldwide mobile gambling crossed the mark of $200 billion for the first eight months of 2022, and that number will surely go up every year. As online casinos evolve and games improve, we are not far from when the online gambling industry will entirely focus on providing mobile services.
Blockchain Technology Advancements
Thanks to blockchain technology, players can use various cryptocurrencies for online gambling. Cryptocurrencies are still not widely accepted, but some online casinos are starting to accept them, and we will probably soon see some crypto-casinos take over the gambling market.
In the past, bank transfers, debit/credit cards, and e-wallets were the preferred payment options, but now cryptocurrencies are slowly starting to take over the payment method market.
Blockchain technology is very modern, innovative, and simple to use. Digital currencies transfers are fast, come with low or no fees, are user-friendly, and best of all – provide complete anonymity. All of that makes blockchain technology perfect for online gambling. Within the next 15 years, crypto-casinos will likely be dominant in the online gambling industry.
Online gambling apps are becoming more and more popular. People no longer want to sit many hours in front of their computers as they can enjoy gaming while on the move. The gambling industry pays attention to this and plans to make wearable technology and mobile gambling apps prevalent for casino interaction.
Currently, players cannot gamble online with their smartwatches and wearable apps. Over the next decade, however, new possibilities will open up, and we should expect smartwatches to support casino games.
The Bright Future of Online Gambling
Technology is making online gambling better and more exciting. It moves the industry forwards. We should expect to see many exciting new trends that will significantly change the way people play online casino games. That is a good thing. The online gambling industry is changing for the better, and the tech trends will make it a more pleasant and realistic environment. We will now further explore what the future of online gambling holds for us.
Futuristic Trends to Expect in Online Gambling Industry
Gambling today is much different from the days when plastic cards and chips were into play. Nowadays, everyone enjoys playing casino games without even leaving the comfort of their home. Online gambling is here to stay, and this industry never stops improving.
We see regular improvements year after year, which promises an exciting future ahead. The number of people that gamble online keeps going up. That will undoubtedly continue to build up in the next couple of decades.
Read on to check what the future holds and what futuristic trends we can expect in the online gambling industry in the next 15 years.
Stricter regulations for online gambling
Online advertising can make or break any industry, including the online gambling industry. Online advertising is present in virtually every industry, and it’s easy to get confused or lost in so many advertisements for things on offer. Many online casino operators are stressed about what they can and can’t advertise, and this area is still a bit fuzzy.
That is about to change soon when many governments and gambling regulators introduce a new set of rules. That will make it much easier for all involved, including the online casinos. Then, they will be able to create better marketing strategies and offer things precisely as they promise. So, for example, they will make different ads for different geolocations, special bonuses for players from specific countries, etc.
Some fear that increased regulation will affect online casinos badly, but the truth is that even online casinos want better code than now. That will make them more comfortable in their operations, focusing on implementing technological advancements and better casino games for online gamblers.
Exponential growth in mobile gaming
The mobile phone is everything in today’s modern world. People do everything on their smartphones. Besides doing work, people also use mobile devices for personal entertainment. Playing in online casinos is one of the best ways to get entertained, with more and more people enjoying their favorite games when commuting to work or traveling somewhere. However, this needs further improvement.
Mobile devices have not realized their full potential yet. The market for mobile gaming is likely to expand, with online casinos competing to offer something extra to portable device players. We should expect to see some unique casino games created just for mobile screens, taking mobile gambling to another level.
Innovative In-Play betting options
All aspects of online gambling improved in the past decade, including sports betting. However, sports betting is an area where we should expect some neat improvements soon. Online betting is slowly getting regulated in countries around the world. All sports become instantly more exciting and engaging if there is wager riding on the outcome.
In-Play betting belongs to the group of the most popular features of sports betting, and this is where we should expect some significant innovations in the next 15 years. The In-Play betting offers will not only spread on all sports, but it will become more advanced. Virtual reality technology may also enter this area, so players will feel as if they are physically present at the sports event while cheering for their favorite team.
Tech advancements in eSports gambling
eSports betting is still an area that is not that researched and developed correctly. There are options in online gambling rooms, but it is still in the beginning. eSports are very popular, which can be seen from that, in 2022 alone, eSports gambling surpassed a whopping USD 14 billion on online gambling platforms. That is an incredible thing to know, but not that surprising as younger generations are all over the internet playing the most popular virtual games like Counter Striker, League of Legends, Fortnite, Call of Duty, DOTA2, Football Manager, and others.
There is a massive potential in eSports gambling, and online gambling platforms are working on innovations that should completely change the way people bet. However, most gambling platforms are still tight-lipped regarding innovations in eSports betting, so we have to wait and see what they have prepared for us.
Cryptocurrencies are popular today, and they slowly find their deserved place in online casinos. Since many people now own Bitcoins and other digital currencies, it was just a matter of time before they could gamble with them in online casinos.
Crypto casinos are still in their initial stage but will undoubtedly take a crucial place in the online gambling industry within the next 15 years. That is because it guarantees players the flexibility, convenience, and anonymity they desire for gambling online. In addition, many online casinos will start to create specific games tailored for crypto-players, so the future looks promising.
5G technology and powerful mobile gaming platforms
The 5G technology will make a revolution in the world of online gambling. A lightning-speed internet connection will make gaming much more pleasant and smoother, while the latest mobile gadgets will motivate software developers to create sophisticated gambling products. In addition, the new mobile devices that are not yet on the market will support any sounds, visuals, and graphics innovation.
Planning an innovation is difficult to imagine without powerful gambling apps. However, PC popularity is slowly declining, and mobile online casinos relevance is going up. That will undoubtedly lead developers to create quality mobile casinos, where all casino games and features will be made exclusively for mobile playing.
Interactive slots with stunning visual animations will become prevalent in the upcoming years. Casino slots are already very advanced, but the new interactive slots will be superb and truly unique.
Players will feel like they are a part of an adventure every time they start playing and spinning the reels. These slots will follow a more extended storyline for players to enjoy and take part in. There are not too many details at the moment on how exactly they will look and feel, but software developers are working on something spectacular, for sure.
Anyhow, 3D slots are expected to become a standard in the next decade. Reputable game developers such as Microgaming, RealTime Gaming, and Playtech are already introducing three-dimensional slots and virtual table games even today. That is how they test some of the features, which will likely be perfected in the upcoming years.
How Does the Future Look Like for Online Gambling?
Technology advancements constantly progress and change the way we do things. Cryptocurrencies and cashless transactions are becoming more attractive and popular, so there is no finish line regarding how far the online gambling industry can go.
Casino game developers are not only planning futuristic games that people can play on, but they are also reinventing the old ones, making them more accessible and fun for the public. As a result, the casino experience is changing for the better, and innovations are planned and tested even as we speak.
Online gambling has a broader and more exciting meaning than just clicking buttons on a screen and waiting for an outcome. It is a complete entertainment experience, giving people a much-needed break from their everyday lives.
Online gambling will further grow and improve for the better, as the market potential is enormous. Developers know that casino players are always looking for something exciting that will give them the most significant value for their money.
Fortunately, the online gambling industry still has enormous potential for development for the better. One thing is for sure – the innovations in gambling never cease to amaze.
Here we gave our overview of what we believe the future holds for the online gambling industry. There are also some concrete plans and strategies that are gradually revealed to the general public.
Anyhow, gambling in 15 years will be different and better than now. That is inevitable with so many exciting things planned. Online gambling and modern technologies go hand in hand, and one thing cannot go forward without the other. Hopefully, this information will keep you interested in learning more and staying up-to-date with what is happening in the online gambling market.
Stay tuned for more exciting information coming up. Of course, not all of the mentioned things will come quickly. Some require years of development and perfection before they get introduced to the gambling industry. However, the future looks very promising, and it is a matter of time before people can enjoy something extraordinary.
In the meantime, enjoy playing casino games in reputable online casinos and have fun gaming!