5 New Technologies You Will See in Online Betting

The Gambling and Sports betting Industry has seen significant growth since they were introduced in the 1900s. From there to today’s date, in the age of technological revolution, they have adapted very well to the changing market dynamics to serve their user comfort in various aspects such as web security, data privacy, settlements, and payment facilitation, the biggest of all. Along with the important back-end operations that make sure the smooth functioning of the casinos, the users always look out to emulate the similar feeling of the physical casino setting in online casinos.

A man watching a sports game – illustrative photo. Image credit: Richard Boyle via Unsplash, free license

Slot machines, table games, and Sports Betting have moved on the way ahead and can provide users with the immersive experience their customers value so much. Today’s online casinos license newer games from different service providers intending to create their unique games to reduce their operation costs.

Along with it, they are providing various benefits to hold on to their customer base as well. This works both ways. The service providers get high customer retention while the users get monetary benefits. Online casinos in Ohio are the best example. They provide various benefits such as Sports betting promos for Ohio fans which give them benefits including free spins and no wagering deposit.

There are other technologies as well that are becoming increasingly popular in an attempt to improve the immersive gaming experience. The outlined technologies are the next in line to be incorporated soon in the fast-moving online gambling industry.

Cloud Gaming

Cloud gaming has infiltrated the video game industry but has yet to make inroads into online gaming, despite similar kinds of application benefits. With cloud gaming, games are made available and streamed to end users, effectively using cloud services and offloading them with the help of required hardware devices.

With this technology, all that the player needs is a stable and fast internet connection to make it easy to stream the content on his server remotely through their home or mobile device. Nvidia’s GeForce Now and some other similar services allow gamers to stream only the games they’ve purchased, while others, like Xbox Game Pass Ultimate, feature Netflix-style libraries. They also allow the users access to a moving catalog granted to them by first and third-party titles.

Using a laptop – illustrative photo. Image credit: John Schnobrich via Unsplash, free license

Blockchain

Online casinos have already started accepting payments via famous cryptocurrencies like Bitcoin and Ethereum and others that are regulated specifically in jurisdictions that favor online gambling and betting, like Antigua and Curacao.

But even after being incorporated into the gambling industry, the core technology that these Cryptocurrencies function upon is still being underutilized. Blockchain technology will be a major boost to user data privacy and gambling security if used correctly. This is specifically the case in online gambling, as there are hundreds of billions of dollars in transactions taking place through wagers every single year and with the growth, the industry is experiencing, the number is only supposed to go upwards.

Virtual Reality

Virtual Reality is the next step in line for wagering real money in online casinos while sitting in the comfort of your home. The post-pandemic world has let players experience physical casino settings while sitting in their favorite corners of their rooms.

But the technology that aims to provide this experience still seems to be failing to create and provide the immersive and interactive experience the user gets in a physical casino. This is where Virtual Reality comes in. This technology has the potential to bridge the gap by providing a realistically more immersive experience with 3D technology.

This technology targets a broader customer base which leads them to reduce the costs of their products. The most famous VR headset in the market, Meta’s Oculus Quest BR Headset, costs just $299. However, this technology has not yet been released mainstream because of the unavailability of software that can fully utilize VR technology and sharp computer software as well that is required for them to function.

Metaverse

Similar to what the VR technology aims for, with Metaverse, the online gambling industry will be able to live virtually in the Metaverse itself. The Metaverse has the potential to converge physical and virtual realities, which will allow the user to explore a major amount of immersive experiences similar to real-world scenarios. There will be no limit on the number of players that I’ll be able to interact with each other while gambling online.

Metaverse will provide a simulation of the same feeling one experiences while playing online slot machines, table games, or while betting on sports. It will also improve the way payments and deposits are handled by increasing the security and data privacy of the users. Also, there would be no waiting time so that the gamers will not have to wait for an ongoing game to finish to join a new one, as the Metaverse will make it possible to expand the gaming floor in a matter of seconds.

Conclusion

Along with the ongoing trends in technology, online gambling has already benefited a lot from the previous shifts in technology. The industry is growing at an unstoppable pace and is coping very well with technological advances as well. At this rate, the industry will raise its standards for itself in a couple of years.