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Find out the ways the online casino market could be affected by tech advancements here.
Online casinos are a massive industry, but like anything else online, they are susceptible to the evolutionary nature of the internet, which is always changing due to user habits, tech upgrades, world events and other factors.
And 2022 is no different. The industry might well be shaken by changing times. Find out all the ways that the online casino market could be affected by tech advancements here.
Virtual reality
If the Metaverse CEO, Mark Zuckerberg, is to be believed, we will soon be doing everything we do on the internet in a virtual world: office meetings, friendly catch ups, and, vitally, gaming.
Now, gaming and VR aren’t strangers. The gaming industry is currently in the process of making VR headsets a commonplace item to gamers, as much as a console is. They’re currently starting with simple games that offer an element of physical gameplay or community, which is where iGaming can make use of the technology.
Online bingo is taking off, it is one of the easiest games to play where strategy and skill isn’t necessary – it is all down to luck. But a big part of the bingo experience is the community aspect. You go to the bingo hall to play and win if possible, but also run into your friends in the neighborhood. VR can bridge that gap between online and physical bingo halls with chat options afforded by VR.
Meanwhile, poker players are a big fan of working on their poker skillset. They go into online poker rooms to practice their strategy and math in the game. Granted, players are represented with avatars, so until the tech improves, their reading of tells will be limited to watching body language, but it will come in handy when they reach the tournaments.
Cryptocurrency
As yet, despite crypto’s increasing mark on the rest of the world, there aren’t a lot of practical uses for it. Unless you trade in your crypto for your national currency, you can buy a Tesla, or you can gamble.
Online casinos have a great gap in the market to make use of. The market isn’t overrun with online casinos that offer cryptocurrency as a payment method, but they are offering it more than any other industry.
There is one well known online casino in Canada that is offering crypto as a means of depositing and withdrawing winnings – and it’s proving popular. Crypto users are enjoying the decentralized nature of the digital currency, which allows players to bypass the banks’ 3-5 working day wait for their winnings, as well as the extra security the currency offers and the finality of all transactions.
Subscription gaming
If you’ve been following the console wars, you will see that at the moment Xbox are in the lead. Some might attribute that to the PS5’s severe lack of consoles on the market due to the chip shortage, but others praise Xbox’s subscription-based platform of games.
The concept is that players will pay a monthly fee to play as many games as the platform offers. In console gaming this includes a back roster of beloved and high quality games, but for online casinos, owners can consider charging for more immersive casino experiences or exclusive game rooms.
