Thanks to technological advancements, the gambling industry will undergo a transformative shift in the coming years. This shift will be so significant that it will affect players and game vendors alike. From how the game is played to what players prefer, a departure from the status quo is on the horizon.
“The future of gambling will be shaped by technology, and those who fail to adapt will be left behind,” says Martin Lycka, Director of Regulatory Affairs at GVC Holdings.
Stakeholders agree with this sentiment and have been taking necessary steps to avoid being left behind.
In Poland, most casinos now operate online. Deposits, withdrawals, and other gaming activities which before were restricted to brick-and-mortal offices are now seamlessly carried out by players on their mobile devices. Following in the same footsteps, gambling has also taken a new shape with convenience and privacy driving the inventions. Kasynos.online fully covered Polish gambling market and you can check all the information you need on it.
Whether you’re a player or a gambling merchant, the current and future trends in the industry discussed below are worthy of your attention. They may decide who will remain or get out of business.
Cryptocurrency Integration
“The future of online gaming is all about blockchain and cryptocurrency… It’s going to revolutionize the way we think about online gaming” — The above were the words of PKR Founder, Jez San.
It represents the open secret now known to all and sundry in the gambling industry. Cryptos operate on Blockchain technology, which has been reputed to be transparent, secure, and efficient.
In the coming years, the gambling industry will adopt this technology fully, even as some have already integrated it. This implies that players will now be able to use cryptocurrencies for betting and other online game payments.
Competitive Gaming and Esports
We are beginning to see many gambling operators now incorporating Esports and competitive gaming into their offerings. That’s because of the wide acceptance these niches are receiving worldwide, especially among the younger demographics. That would mean gambling operators will have more video games for players to bet on in the future.
Virtual Reality and Augmented Reality
We’ve already started seeing the transformative experience VR has been introducing into the casino space. The technology creates an immersive, real-life casino experience, albeit virtually. Projections have it that the technology will become more sophisticated in the coming years, affecting how online gambling and casinos operate.
AR will shape the future of the online gambling industry by giving players the ability to get real-time statistics and data during sporting events. This functionality will revolutionize the experience of interacting with the game.
Artificial Intelligence & Machine Learning
In no distant time, the gambling industry will fully deploy powerful AI algorithms to analyze players’ behaviors, preferences, and challenges to personalize offers. Some have termed this era as a hyper-personalization era, where players will be presented with tailored casino games unique from others.
The adoption of AI, Machine Learning, and powerful data analytics also holds the potential to make gambling more secure and guide against addiction. The technology will also enhance inter-player interactions in an almost real-life 3D environment, all from the comfort of their homes.
Mobile Gaming
Any gambling or casino operator that does not prioritize mobile-friendly games may lose players in the coming years. That’s because most technological gadgets are moving towards being mobile-compliant. Besides, mobile devices are convenient, portable, and less expensive than immobile or big gadgets. As such, video games that want more audience will have to perfect their mobile versions and apps.
Regulatory Changes
Perhaps the most important future projection for operators in this industry is the regulatory measures on the horizon. Licensing requirements will become stricter with regulators demanding more consumer protection measures and tax compliance. Of course, their argument will be that they want to make the industry safe and protect consumers’ rights.
Responsible Gambling
We can reasonably expect sophisticated AI to shape the future of online gambling industry, especially in combating irrational behaviors. There will be models that aid self-exclusion, several educational resources, and interventions geared at achieving responsible gambling by players.
Skill-Based Gambling
In response to the yearnings of the millennials and younger folks, casinos are going to upgrade the typical game of chance into gambling with experiences close to those obtainable in video games. The future of casino gambling will be shaped by Gen Zs and millennials. As such, it’s only rational that gambling organizations dance to their tunes.
Conclusion
The future of gambling industry is going to be largely shaped by technology, resulting in remarkable personalization. For operators willing to make the needed adjustments, the potential is boundless. Players are going to find gambling more immersive and tailor-made to their personality and needs. Also, with more gaming brands embracing gambling, the future of casino gambling.
