How Cutting Edge Technologies Will Shake Up Online Gambling

The Future of Online Gambling: Emerging Technologies and Their Impact on the Industry

The tech sector has pulled out some phenomenal magic tricks from its ever-expanding hat of inventions. And as the list gets longer, it also tends to be more refined, with some innovations making waves in any industry they touch. As fate would have it, the gambling industry is of the biggest beneficiaries of technological advancements, and the invention of iGaming environments such as Mr Bet has revolutionized the sector tremendously.

Of course, the main challenge that online casino platforms face is ensuring that the user experience is so seamless that it rivals in-person casino sessions that many players still prefer. As a result, operators and gaming providers are always taking advantage of emerging technologies to improve all aspects of the online casino environment. Here’s a closer look at the advancements unlocking new experiences for casino gamers and how other emerging technologies could be used to better the industry.

Live Dealer Gaming

Live dealer gaming is one of the most remarkable additions to the iGaming realm. Game providers found a clever way of merging brick-and-mortar gaming with the online environment to offer players a good time remotely. The casino games are run in a real-life studio, and everything operates as it usually does in a physical gaming house, with no random number generator software here. Real-life croupiers and dealers shuffle and deal the cards or spin wheels in the case of games like Roulette and Wheel of Fortune.

Software only comes in when the action of the live casino studio is streamed through live HD cameras, and gamblers can use this software to participate in the game. So, it is basically like playing in a physical lobby, only that you are watching the action from the other end of the screen and using a software interface to place your wager. Currently, the leading live casino providers for the iGaming scene include:

• BetGames.TV;
• Evolution Gaming;
• NetEnt;
• Ezugi;
• Playtech;
• Authentic Gaming;
• Amaya.

Virtual Reality (VR) and Augmented Reality (AR)

Players today are all about the thrill, and the most innovative technologies that bring this to life are virtual reality (VR) and augmented reality (AR). VR glasses and AR-enabled smartphones have transformed how online casino users play their favorite casino games.

An excellent example is the use of AR in online poker tournaments, where players get to pick up virtual chips in a simulation while playing alongside other bettors. Introducing these immersive technologies into the casino environment has completely changed and continues to revolutionize the user experience for online casino gamblers.

Blockchain Technology

Betting with hard-earned cash raises a lot of trust issues, especially when it comes to the privacy and safety of user transactions. Given the transparent nature of blockchain technology, players are assured of fairness when betting. Payments are more efficient thanks to smart contracts because, for instance, smart contracts can facilitate faster transactions regardless of the player’s location. Over the past few years, operators have adopted cryptocurrency payment options for users to have a more convenient experience.

Artificial Intelligence (AI) and Machine Learning (ML)

AI is growing popular, especially in businesses where understanding the customer is vital. The online gambling sector thrives on knowing its customer and being aware of their habits and, consequently, needs. AI can monitor user behavior and identify patterns that benefit the player and operator.

One way this can be done is by analyzing gambling addiction potential in players and setting mechanisms that kick in when a user goes overboard with spending. The operator can then set limits for higher-risk players. Another way in which AI is being used in iGaming platforms is by providing 24/7 customer support through chatbots, which in turn enhances customer engagement.

For operators, getting to know their customers better is vital in decision-making processes, including which products and services would increase engagement for specific demographics. Machine learning algorithms can help detect fraudulent attempts on the system and curb cheating.

Internet of Things (IoT)

While players are slowly shifting to online platforms, the ability to enjoy some flexibility gives some in-person gambling feel and elevates the gameplay to a whole new level. This is where IoT comes in. It allows players to connect to a single platform via mobile devices or PCs, facilitating real-time interaction with other players.

Nothing and None Can Stop the Progress

Gambling has been practiced for thousands of years, and whatever means players use to bet, the experience is all that matters. With technological advancements, online gambling carries so much potential. The possibilities are endless when you consider what has been achieved so far, and in the age of Big Data and analytics, things are set to improve exponentially.

If you have been keeping tabs on the evolution of the casino industry, you must have noticed the influx of activity, especially as the distribution of mobile devices continues to gain traction. One thing to note is that with each invention come challenges related to regulatory frameworks and privacy concerns. However, gambling stakeholders have found ways to work with the authorities to ensure that the incorporation of gambling technologies at online casino platforms works for all parties involved.