Do you know the number of years online casinos have been offering the players a chance to earn some extra money and get entertained as well? It’s about two decades now since land-based casino services shifted online. The experience has been great, and the players are happy about the progress it keeps making.
The net worth of the industry is expected to be around US$23,582m in 2021. Also, many new gambling companies are aiming to meet the rapidly rising demand for gaming services. However, with the stiff competition in the industry, the key players have to be innovative and inventive to stay in business. That’s why they have to keep adopting the new technological trends to stay afloat with their competitors.
Technology plays a vital role in determining the future of the casino industry. That’s why we linked up with Lucas Goldberg (check his profile) to enlighten you about the industry’s future. He highlighted the following aspects that play a vital role in the futuristic online casinos:
The availability of smartphones globally makes access to various online services easier. Initially, people had to walk to physical stores to get whatever they needed. However, that changed after mobile technology became realistic.
Currently, most of the things you can do on an online gambling platform is a click away. Similarly, gaming has become more convenient than before, and people can enjoy online casino Canada real money from their mobile devices.
The majority of the games are now accessible via mobile phones allowing Canadian players to play them anytime they want. There are also downloadable gaming apps that are compatible with most phones’ common operating systems.
As such, there is no need to visit the gaming websites of various casino companies as the games are available on their apps. Mobile gaming will be the future of gaming, considering the emergence of advanced smartphones.
Cryptocurrency and Blockchain are some of the terms that always come to mind of many people when we talk about new technologies. Blockchain is one of the revolutionary technologies that has proven beneficial in various avenues. The casino industry is among those that have benefited from it greatly. For instance, it enhances transparency between the players and the casino companies.
Players have the privilege of tracking their progress and previous results through this technology. Besides, it makes transactions efficient and effective through the use of cryptocurrency.
Through it, users’ data when using digital methods of payment such as Bitcoin remains confidential. That’s because there is no central party involved. Some of the gambling platforms accept crypto coins such as litecoin and bitcoin.
Argument and Virtual Reality
The majority of Canadians will think that the two technologies are too recent. But the truth is that Virtual reality has been with us for some time now. It has made every gaming experience exemplary. Since Oculus released its first VR device in 2016, the demand for gaming shot rapidly, leading to a surge of casino players in the Canadian casino sites.
The first released device signified that other amazing gaming devices were on the way. Many casino companies are incorporating Virtual reality casino games currently hence meeting the rising demand of casino players.
Considering the trend, it’s evident that in the future, there will be more VR games. Availability of better VR gaming devices will also make the accessibility of such games easier.
Augmented reality is also making gaming better and more realistic. Many players want to play their favourite slots as if they are playing real games. Technological advancement will such improvements possible in the future hence making gaming excellent.
It took some time for Esport to start making headlines in the Canadian gaming industry. It is currently a thing, especially after gaming companies noted the shift of players’ needs towards it. There is a rising demand for Esports gaming among many gaming enthusiasts.
There are also famous Esport tournaments such as Call of Duty, DOTA 2, and Legends League. The availability of streaming platforms such as YouTube and Twitch are contributing to the growth of this genre.
As you can see, the online gaming industry has a bright future. It will continue to attract more gamers, new companies, and investors. The revenue will also grow moving forward.