In today’s era, internet has taken everything by storm. The entire lifestyle and priorities of the people have changed due to web over the years. Innovation is taking upon innovation resulting into better technology in all the sectors. The world of online gambling has evolved too!
When it comes to the gambling industry, technology has played a major role in making it a great success. It is known that online gambling sites were established only by the renowned brands in the initial years but today, these websites have become a significant part of their operations. Thus, it offers them an opportunity to reach a larger number of audiences across the globe.
Reports of Transparency Market Research in the World of Online Gambling
According to the reports of Transparency Market Research, the online betting and gambling market made huge revenue of around $42.63 billion in the year 2016. Further, this figure is all expected to rise to $96.89 billion by the year 2024. The special term, iGaming has been given by the industry, which includes a variety of games.
Trends Changing iGaming in the World of Online Gambling
While talking about the key trends that have turned iGaming into a profitable business, video and live streaming would be on the top. It is true that these to have greatly impacted the industry and have together given rise to the concept of ‘live casino game’. An online live casino game is intended to engage more and more players by giving them a feel of land-based casino. It includes the thrill and live dealers of a traditional casino with the amazing sounds and graphics of online casino software. Within the comforts of your home, you can enjoy your favorite slots and interact with the live presenter hosting a game for you in real time. Further, you can also compete with other players from around the world.
The Acceptance of Mobile and Smartphones in the World of Online Gambling
In addition to this, another key trend bringing a change in online gambling is the mobile and smartphone market. Today, every player is able to access casino sites through their mobiles and play games irrespective of time and location. There has been a significant increase in the number of people accessing internet over the decades. The online casino sites seem to be taking full advantage. The casino operators build a user-friendly site that does not demand any software download. It offers an option of instant play to the players. This means, a player can gamble with the touch of a button.
Moving on to the most critical trend, real-time odds offered by the casinos has revolutionised the gambling industry. Earlier, punters were supposed to place their wager before the start of an event and then wait for the results. However, it has drastically changed! The players can now place their bet on what is happening live in the casino. Yes, you can bet upon the activity taking place right in front of you there and then. Certainly, it has increased the thrill even more! This, without making players to wait for hours to see what they have ended up with.
The Impact of VR Technology in the World of Online Gambling
Out of all the key trends, innovation of VR technology has captivated the attention of millions and billions throughout the globe. With an intention to offer new experiences to the players, the industry is pushing the potential of Virtual gaming.
For instance, Mark Zuckerberg demonstrated the prospects of Oculus Rift VR technology. He did this by playing cards in a room virtually with a group of friends. Therefore, such stellar examples in the gambling industry hint that it is going to do more wonders in the coming decades. It’s sure to indulge more people in online gambling by taking full advantage of such key trends.