Four technological innovations that have changed the gambling industry forever

The online casino industry is in the middle of a boom that has made it one of the fastest growing aspects of the entertainment sector over the past few years.

Part of this growth has been fuelled by technological innovation, while the growth also drives further innovation in a never ending cycle.

In this article, we look at four of the technological innovations that have forever changed the face of the gambling industry.

Cryptocurrency and payment innovation

Over recent years, cryptocurrency has become more and more mainstream as a form of online payment. The result of this has been online casinos adopting it broadly as a form of payment.

For the large segment of potential customers that were wary of giving out their credit card information to an online gambling site for various reasons, this obstacle has now been removed.

Customers can easily top up their gambling accounts using their cryptocurrency wallets, which is a much more secure and private means of gambling online and has contributed to the growth of the industry.

Artificial intelligence and algorithms

A technology that has impacted the world over is artificial intelligence and the prevalence of algorithms.

These are used heavily in the online gambling space as a means of tailoring the gambling experience towards individual customers, in the same way that YouTube and Instagram suggest relevant content to their customers.

The benefits go both ways, however, as smart online gamblers are now able to leverage artificial intelligence in their favour, with plug-ins such as slot trackers. These enable users to track the best payout slots across different online casinos and determine which games have the best return-to-player percentage.

 3D animation

Online casino users will have noticed that over the past decade, the user experience has increased considerably. Now, rather than gambling being primarily about the potential financial return, it has become an immersive, engaging experience in and of itself.

The act of playing online slots, for example, is now more akin to playing a video game, than spinning the wheels of an old slot machine from 20 years ago. This is largely due to advances in 3D animation which is now prevalent across much of the online gambling space.

Online slots leverage this in particular, making the games come alive with their own characters and storylines along the way.

Mobile gaming

Last but not least, one of the most significant shifts in technology that has changed the face of gambling forever is the advent of mobile gaming.

With smartphones and internet access now in the pockets of the majority of the world’s population, it was only a matter of time until mobile gambling became prevalent.

This has happened over recent years, and now a large proportion of all online gambling occurs on mobile phones.

Not only has this grown the size of the gambling industry by making it available to many more users who do not have laptop computers, but it has also increased the volume of online gambling.

With the convenience of mobile gambling, the entire industry has been shifted by this technology.