The online gambling industry has come a long way since the days of heading to a local casino and placing bets with physical money. The internet is now home to countless different forms of gambling, including games that are designed specifically for playing on your phone or other mobile devices.
As you might imagine, technology has always been one of the driving forces behind the growth of the online gambling world. If anything, that trend is continuing to accelerate. As time goes on, there are always new advancements that reshape how people interact with this kind of entertainment. Naturally, these changes tend to carry over into other areas as well.
But while it’s possible to look forward and try to predict what might happen in the future, it’s often a lot more effective to look backwards. That way, it’s possible to figure out why certain changes are taking place and how they’re likely to affect playing online casino games.
With that in mind, consider some of the following five trends as you try to imagine how the online gambling industry might evolve over the next five years.
Online Casino Loyalty Programs Will Be More Personalized
Online casinos like WB7 have been trying to keep their players loyal for years by giving them rewards, starting with free casino credits or free spins and moving on to VIP clubs where special bonuses are given.
These loyalty programs are very common at most online gambling singapore-based sites, but they’re still somewhat crude. In the next few years, though, they’ll become much more refined and personalized for each player. The goal will be to reward high rollers, especially since that’s where casinos get most of their profits today, but it isn’t just up to online casinos anymore.
Livestreaming Gambling Games
As was mentioned at the start of this post, technology has always played a major role in the online gambling world. But as time goes on, it’s becoming more and more clear that virtual reality will play an increasingly large role in this industry.
For example, consider livestreaming services like YouNow and Twitch. Once viewed as niche forms of entertainment for younger generations, both sites have grown to amass millions of active users. But more importantly, they’ve become an integral part of the online gambling world.
Twitch, in particular, is already home to several livestreams where people play casino games like roulette and blackjack for real money. It’s not hard to imagine that this practice will only increase in popularity over the next few years, especially since it’s possible to interact with these livestreamers in real-time.
That being said, it does make sense for this kind of interaction to take place in the context of gambling games. After all, people are probably more willing to take a risk when they know there’s the potential for some kind of payout. If nothing else, it creates a sense of excitement that’s simply not possible in most other forms of entertainment.
In any case, the truth is that livestreaming services will only become more popular over time. In fact, it wouldn’t be shocking if social media giants acquired both YouNow and Twitch at some point in the future.
Increased Adaption of Blockchain Technology
Another aspect of the online gambling world that’s likely to change is how it uses blockchain technology. For those who aren’t familiar with this approach, the idea behind blockchain is to provide users with a decentralized system for storing data and making transactions online. As such, it’s a great option for companies that want to avoid putting their trust in a central authority.
For example, several online casinos have already used blockchain technology, such as those online gambling singapore-based sites, as an alternative to traditional banking options. Casinos can use this type of system to instantly transfer funds from player to casino accounts without relying on third-party financial service providers like Visa or Paypal.
But the truth is that blockchain technology has many other potential applications in the online gambling industry as well. For instance, it could be used to facilitate more secure and transparent gaming processes. As one example, players might be able to find out if they were cheated by an online casino before they ever make a deposit.
The downside is that adopting blockchain technology could be expensive. But the potential benefits are there, so it’s likely that this approach will be used more frequently in the future.
While the online gambling industry is somewhat dominated by players who are mainly interested in traditional forms of gambling like poker or sports betting, there’s also a significant group of people who play games that are competitive and require skills to win. This trend isn’t just about gambling, but rather about watching people play competitive games.
eSports are an interesting phenomenon that the online gambling industry is starting to embrace by adding live betting on eSports events through sites like WB7. While there’s still some resistance when it comes to these types of games being considered real sports, you can definitely see this trend picking up steam in the future.
The eSports industry is booming, so it’s no surprise that the online gambling industry wants a piece of the cake as well by live-betting on different events. It ties in quite nicely with making money through affiliate marketing since these sites will promote betting sites for you if you take part in the action yourself.
Virtual Reality Gambling
Finally, another trend in the online gambling industry that will likely continue into 2022 is virtual reality. At least to some extent, this is already possible with current platforms like the Oculus Rift. But as VR technology continues to improve, it’s reasonable to expect that online casinos will want to take advantage of it.
One way they could do so is by offering players virtual reality versions of popular games like blackjack and roulette. To an extent, these types of games are already available in VR. But it’s likely that they’ll become more widespread over time, especially since virtual reality has the potential to make gambling far more engaging.
This is because online casinos will create highly immersive environments where players can take part in gaming activities using their entire bodies. As an example, imagine if you could actually walk around a casino and interact with other players at the virtual blackjack table. Unfortunately, as far as we know, this type of experience is still a long way off.
However, that doesn’t mean it won’t come about eventually. In fact, future generations may look back on current VR technology as crude and primitive. This is to say that, eventually, the online gambling industry might look very different thanks to developments in VR.
But for now, it’s still a developing trend, so don’t go betting all your chips just yet.