5 Tech Trends Shaping the Online Gambling Industry in 2023 Worth Noting
Technology is transforming the gambling industry, with new trends emerging in every direction. Whether it’s a gaming platform that can be played on mobile devices such as Slot Hunter casino or live dealers who can be accessed through streaming, technology is shaping the industry’s future.
VR & AR
In 2023, we’ll likely see augmented reality (AR), and virtual reality (VR) incorporated into online gambling games. This will create a much more immersive gaming experience for players, and it could be a big boost to the gambling industry overall.
Augmented reality uses mobile devices to overlay images and data on top of real-world environments. It is already a popular way to enhance shopping experiences, as well as many other applications.
However, the equipment required for VR can be complex – from a simple smartphone that can be inserted into a cardboard eyepiece to a high-end headset with powerful computers for processing. This can make it difficult for businesses to roll out this technology.
Mobile betting is a huge trend that has been growing rapidly. It is becoming more and more popular due to the convenience of being able to bet on your favorite sports or casinos jackpots from anywhere, at any time.
This is great news for players. Not only does it mean that you can play on the go, but you can also place your bets from the comfort of your own home.
The mobile gambling market is expected to grow at a CAGR of 17.8% during the forecast period, according to a recent report. The primary driver for this growth is the expansion of internet connectivity and the availability of cost-effective mobile applications.
Cryptocurrencies allow people to transfer value online without the need for a centralized intermediary like a bank or payment processor. This makes it possible to transfer money around the world almost instantly and for low fees.
In the past few years, cryptocurrencies have exploded in popularity and are now collectively worth trillions of dollars. But they also carry risks and pose a challenge for governments to regulate.
Cryptocurrencies are a new paradigm for money that is decentralized and can’t be controlled or manipulated by any central authority. They are a threat to traditional banks and monetary institutions, which could result in financial crises if they fail. Top crypto casinos, such as these best crypto betting sites by Men’s Journal, normally offer more generous bonuses than traditional gambling platforms.
Streaming is the process of sending data — usually audio and video, but increasingly also other types of content — as a continuous flow over the Internet without the need to download it. A streaming server delivers this data via a series of packets of information, each one containing a tiny piece of the file.
In most cases, a client device (like a computer or mobile phone) receives these packets of information through a streaming service and interprets them as media (audio or video). It’s important to understand that these packets can take a long time to travel across the network, especially if there are lots of other connections on the same network.
Online live dealer games allow players to watch a real dealer play casino table games in real-time, allowing them to place bets and interact with other players. They are an excellent choice for a more social casino experience and a perfect fit for mobile devices.
While traditional online casinos go to great lengths to prove that their RNG (random number generator) games are fair and random, some skeptics still doubt the legitimacy of live dealer online gambling.
However, the industry has seen viable growth in this segment, thanks to live video-streamed gameplay, and 2023 will see more gamification and player engagement trends emerge. These trends will be fueled by the continued rise of mobile betting, social casinos, and immersive VR technologies.