The online casino industry has evolved in a very short time. It used to be dominated by just one or two providers, but now there are hundreds of options out there.
The main difference between those that have dominated the market and new entrants is how they operate. While the former are focused on offering traditional games with a few bonus features added, the latter are focused on bringing something more interesting to the table.
Here’s a look at five tech innovations changing the online casino industry today.
Cryptocurrency
In the past decade, cryptocurrency has become a hot topic among investors, entrepreneurs, and consumers alike. However, it wasn’t until 2017 that it was officially adopted as an acceptable payment method for most online casinos.
The rise of cryptocurrency was inevitable. After all, it’s been around since 2009, when Satoshi Nakamoto first introduced Bitcoin to the world as a digital currency. Since then, its value has skyrocketed from $1 per BTC to over $10,000 per BTC this year alone. This means that many individuals will likely have some form of cryptocurrency stashed away right now.
For those who don’t, that doesn’t mean that you can’t play at an online casino accepting cryptocurrency. As long as you have a wallet where your coins are stored, you should have no problem using them to fund your account.
Virtual Reality Gaming
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Virtual reality gaming is another innovation that is taking the online casino industry by storm. It’s not just for gamers anymore, either. In fact, VR technology has already found its way into places like theme parks, movie theatres, and even sports stadiums. There’s no doubt that virtual reality gaming will eventually reach mainstream adoption in the coming years.
One example of a game currently available is BetSoft’s VR slots. There are dozens of different titles available across multiple platforms, so you won’t have trouble finding something to satisfy your gambling desires. If you want to try these games before you decide which ones to download, check out our list of top free VR games to play online.
Online Poker
It used to be that only the most serious players could afford to play poker online. That’s no longer the case, though. Today, anyone in the United States can join their favorite Texas Hold ‘Em site and start playing with other people from around the country and the globe.
This is great news for both recreational players and professionals looking to hone their skills. For recreational players, it provides another option besides the usual brick-and-mortar establishments. And for poker professionals, it gives them a chance to compete against others who are willing to pay big money for their services.
Live Streaming Technology
In addition to providing customers with video entertainment, online casinos also provide gamblers with plenty of live streaming content. These streams are often provided directly from the studios that produce the shows themselves instead of through third parties. This helps prevent online casinos from infringing on copyrights while giving them access to premium programming.
As a result, live streaming technology has become the cornerstone of many successful online casinos. They offer everything from daily tournaments to weekly events and even monthly special promotions. For example, Bovada offers weekly live streaming events every Thursday night featuring the biggest names in professional boxing. You can watch for yourself by visiting their website and clicking on Live Events.
You’ll also find plenty of live streaming content on sites like Full Tilt Poker. Not only does it feature hundreds of different live events each week, but it also includes a variety of other live offerings such as celebrity interviews, charity campaigns, and more.
Finally, you can catch up on all the latest NFL games during regular season and playoff weeks on DraftKings.com. To do so, visit their official website and click on Live Sports.
Mobile Gaming
There are several reasons why mobile gaming is quickly becoming an important part of the online casino industry. First off, smartphone usage is incredibly popular. According to Statista, the number of smartphone users in North America increased from 73 million in 2011 to 94 million in 2017.
That means that millions of people were spending their spare time on their phones rather than computers. This gave online casinos an opportunity to introduce their brands to a whole new audience. Second, smartphones allow users to enjoy games anywhere. No matter what device you use, you can always log in and start playing.
Third, apps are much easier to navigate on a smartphone than desktop versions. The smaller screens make it harder to read text, and the lack of mouse controls makes it difficult to place bets. On the flip side, however, you can move much faster when you have touch screen controls at hand.
As a result, mobile gaming has become one of the fastest growing segments within the online casino industry. In fact, according to Gartner, revenue generated from mobile apps exceeded that of desktops for the first time ever last year.
