How is Technology Changing the Gambling Industry?

People gambling with numbers.

Gambling might not be a new industry but that doesn’t mean that it doesn’t go through changes. In fact, as an industry, it is one that generally has to stay on top of technology and trends to ensure that it keeps customers happy. It’s a competitive industry, especially for those casinos that operate online and want customers to play virtually. This means that staying on top of customer trends and ensuring that they do everything they can to appeal to customers is essential. A big part of this is investing in technology to ensure that games and playability are always as forward-thinking as possible. Thankfully, for an industry such as this there is always new technology advancements to take advantage of such as video streaming, virtual reality technology and much – so, will we see more of this in 2023?

Gaming in 2023

One thing we are likely to see next year is changes to gambling regulation, at least in the UK and probably beyond this too. Whilst this won’t stop online gambling throughout countries where it is already allowed, there may be some changes to how it can operate. The chances are that more responsibility is going to be given to online casino operators with an expectation that they will do more to keep vulnerable players safe. Technology will certainly help with this as it is able to watch for patterns in gambling and even give players the tools to ban themselves from certain gambling platforms if they find that things are getting tricky. There are many things we are likely to see take off in popularity in 2023 but virtual reality gaming is probably top of the list.

Augmented Reality and Virtual Reality

AR and VR technology has been gradually growing in popularity in many industries for a few years now, and 2023 could be the year where we see it become an integral part of the gambling industry, completely changing the way gamblers play at a fast withdrawal casino. One thing that many players miss when they are enjoying casino games online is the interaction with other players. When you visit a land-based casino you get to exchange pleasantries with other players and this can really enhance your gaming experience. Virtual reality technology is advancing quickly, which means that players are likely to have more of a chance to do this online than ever before. People will be able to interact with other characters that are logged in at the same time through some incredible 3D settings and technological advances. Of course, there will be a need for equipment to be able to access this type of gaming, but even that is starting to become more affordable and therefore accessible to more people.

Live Video Dealers

Live video streaming was the first step to helping online casinos become more interactive for players. With live video dealers, players aren’t just watching graphics move across a screen; instead, they get to see a real-life dealer deal out their cards. Casinos are usually clever and have backdrops and setups that allow the dealer to look as though they are in a real-life casino which helps to bring the whole thing to life for the players watching behind a screen. It is technology that has helped develop this into a viable way for casinos to offer up these games – not only has gaming technology advanced massively but faster and always-on internet access has helped with this too.

Gambling Accessibility

Advances in technology have also helped with how accessible games are and how people can access them. Gone are the days when you need to be sat at your home computer and stay in one spot whilst you play. Smart devices are now more than capable of playing games which means that accessing game websites and enjoying casino games on the move is perfectly possible. Over recent years we have seen an increase in the number of gaming websites that also have their own app on the Apple Store and/or the Play Store. This allows players to download an app to any of their smart devices and have instant access to the casino platform.

Payment Processing

Payment processing technology has improved for many of us over recent years and the casino industry has certainly taken advantage of this. Younger players won’t be able to relate but when online casinos were first opened it wasn’t unusual for it to take a few business days for payment processing to take place. This meant you often needed to deposit into your account a few days before you wanted to play and nearly always meant that you needed to wait a few days for your winnings to be withdrawn. Technology within the finance industry means that deposits are pretty much instant and withdrawals are often on the same day.

These changes also mean that casinos are able to offer a variety of currency options when it comes to making use of their platform, once again meaning that technology has helped the casino industry become more accessible.

The Future of Technology in the Gambling Industry

Although the future of technology can be hard to predict what we do know is that 2023 is likely to see an increase in virtual reality gaming and the uptake of live dealer games is likely to continue to increase. Whilst people are used to accessing services and being entertained online, for many it is the real-life interaction that they miss when doing this. Live dealer video streams, augmented technology and virtual reality help to bridge the gap between online gaming and playing with people in real life.

As technology advances and this way of playing not only improves massively but becomes more accessible to all, we’ll likely see more and more people opting to play games in this way. Online casino platforms will need to do what they can to keep up with this change in customer demand and ensure that they offer what customers want. It probably won’t be long before lots of players will only want casinos that offer things like virtual reality games and as such those online platforms that don’t will soon be left behind.

About Carson Derrow

My name is Carson Derrow I'm an entrepreneur, professional blogger, and marketer from Arkansas. I've been writing for startups and small businesses since 2012. I share the latest business news, tools, resources, and marketing tips to help startups and small businesses to grow their business.