How Technology has Impacted the Online Casino Industry
The casino industry has experienced tremendous growth in recent years, and there are no signs of it slowing down anytime soon.
23:20 09 May 2022
The casino industry has experienced tremendous growth in recent years, and there are no signs of it slowing down anytime soon. Technological innovation has been at the heart of this huge growth spurt. By 2023, the global online gambling market is expected to be worth over $92 billion, almost double what it was four years ago. Much of this revenue explosion is due to the more secure and accessible platforms that technology is bringing to the industry. Today, there are countless inventive and fun ways for players to get the most out of their gambling wherever they are, and most of them are due to technology. To prove the impact technology has on the online casino industry, Casinomeister reviewed the online casino "videoslots" which is one of the popular ones.
What Technologies are Online Casinos Using?
Technological advances have significantly impacted all industries around us, including casinos. As a result, gambling houses have evolved in recent years, with significant changes in casino games. While traditional casinos are still very popular, online gambling seems to attract more and more fans. In this sense, mobile technology, artificial intelligence and even blockchain have revolutionized the gambling industry. But what do we know about these trends?
- Gaming Software
- Artificial Intelligence
- Mobile Gaming Technology
- Blockchain Technology
- Live Dealer Technology
- Cloud Gaming
- Improved Security
The foundation of the best online casinos is the casino software and the quality of the technology that powers it. Although the players as well as the cooperation with other companies are also essential for the operators, the most important thing is still the gaming software and the developers behind the product. Each software platform has its own selection of games, most of which are popular in both land-based and virtual casinos. Many online developers give their classics a unique, modern touch and also provide completely new game concepts. A good gaming software provides effects, speed, stability, excellent graphics and security measures. All of these features differ between software platforms. Each casino software platform should also display a proof of fairness that guarantees you its legitimacy. Generally, independent testers check the casino software, source code, payout minimum, and other technical features to ensure that players are offered fair play. Each platform is also required to produce monthly payout reports, conduct compliance tests, and test their system on a regular basis.
Artificial intelligence plays a role in various industries these days, and casinos are among them. Digital gaming platforms have also evolved to incorporate AI to help computers make decisions and respond to user actions. More and more online casinos are using artificial intelligence to enhance the user experience and make it as realistic as possible. Some platforms also have a built-in artificial intelligence assistant to recommend games to players, provide tips, rate their progress, act as a casino friend, and more. Moreover, gambling companies can use AI to monitor and track users' gambling behavior to develop intervention strategies against harmful gambling practices. With multiple AI sensors, online casinos can detect if someone has changed their appearance or is acting suspiciously.
Mobile Gaming Technology
The popularity of virtual casinos has also been boosted by mobile technology. With social media and mobile devices like laptops, tablets and smartphones, accessibility has become an essential aspect for gamers. Thus, nowadays, mobile games can be played around the clock without any hesitation and in addition win some money. Thanks to the rapid development of mobile technology, the gaming industry continues to offer numerous advantages. Online games allow people to play from the comfort of their homes. The mobile versions are the perfect solution for users who want to play anywhere, anytime and on any device. Moreover, mobile technology is a way to integrate social networks, competitive tournaments and real-time leaderboards. Therefore, considering the wide range of virtual games with live dealer options, players don't need to venture into traditional casinos and can enjoy gambling from the comfort of their home or apartment.
Blockchain technology has also revolutionized the world in several ways, especially in everything related to finance. Online casinos have started using blockchain technology, which is notoriously difficult to manipulate, to offer more secure payment options. In fact, many online gambling platforms encourage their customers to make deposits and withdrawals using cryptocurrencies to avoid issues related to online security risks. Bitcoin has also become the favorite currency of online gamblers and bookmakers, as it is the most trusted and recognized digital currency in the global crypto market. Moreover, Bitcoin deposits are often safer and less vulnerable to fraud, so digital gaming platforms rely on it to improve security.
Live Dealer Technology
One of the best things that technology has introduced to the industry is live casino gaming. For a mobile online casino to be considered elite, it must offer a fantastic live dealer experience. Through a live HD stream and live chat functionality, players can interact with dealers and other participants, just as they would with a brick-and-mortar operator. There are no random number generators involved, only purely traditional human outcomes, which many old players prefer. Experts believe that the impact of technology on the quality of live dealer games is getting better. This premise is underpinned by high-tech virtual reality (VR) and augmented reality (AR) components that some premium gambling sites are now using.
The big advantage of cloud gaming is that you don't need powerful hardware. This can be a real alternative when your own PC can't handle the latest games anymore. This is because the computation of the game takes place through the server hardware in cloud gaming. Likewise, there is no installation on the user's own end device. Theoretically, you can play the latest games at maximum details with a 300 euro laptop, for example, as long as the cloud gaming service offers this performance. In addition, it is possible to play anywhere you have a sufficient Internet connection. Other advantages depend on the service in question. For example, there might be an offer of games that are included for the duration of a subscription without having to buy them individually. Other providers have the advantage that you can buy games normally and have them computed either from your own PC or from the cloud server.
One of the biggest threats facing both digital and land-based casinos is fraud. Fortunately, technological improvements like facial recognition have made it easier for casinos to detect fraudsters and share that information with other gambling establishments. Some new technologies can even detect if a player may be underage. Staff are then notified so they can check ID. This video technology is even being used to detect behavioral patterns to identify gambling addicts. Online casinos also benefit from the security technology. Since these sites involve the exchange of money, they are vulnerable to hackers. For this reason, many gambling sites use the latest security technology to ensure that their players' identities and funds are protected. Moreover, online casinos are licensed and regulated by a variety of authorities, and they use random number generator (RNG) software to ensure fair play.
Conclusion - Technology has great impact on online casinos
Modern technology has enabled massive improvements in the casino industry. Technology helps gambling establishments to provide better accessibility, improved security and more winning opportunities than ever before.