Is online gambling the future of casinos?
With the vast advancement of technology in New Zealand and worldwide, more people are becoming dependent on Internet-connecting gadgets like smartphones, tablets, and laptops.
As such, new opportunities related to technology are popping up in practically all sectors of life today. Key among those sectors is the Casino scene. In the wake of the Covid-19 pandemic, there has been a drastic change in how most gamers perceive the casino realm.
Previously, the concept that brick-and-mortar casinos would be the mainstay for gambling could have been a popular opinion. However, with the rise of betting online, the casino scene is experiencing a paradigm shift unlike anything we’ve ever seen. So, is gambling over the Internet the future of the industry?
Read on to find out more,
The rise of online gambling
The vast growth of online gambling worldwide can be attributed to several key factors:
● Internet accessibility. The widespread availability of the internet has enabled people in New Zealand and across the world to access online casinos easily. The internet’s penetration has made it convenient for folks to play their favourite casino games from the comfort of their homes;
● Tech advancements. Thanks to evolving tech, modern casino games are brought to life by cutting-edge animated visuals and sound effects to enhance player engagement. Incorporating virtual reality (VR) and augmented reality (AR) in some online casinos has brought epic levels of engagement for online casino gaming;
● Proliferation of mobile devices. Virtually every adult today owns a smartphone, creating an emerging market for online casino gamers. Thus, iGaming developers and operators today follow a mobile-first approach to ensure their products are optimised for seamless on-the-go experiences;
● Regulation. Many jurisdictions across the globe have come up with regulatory structures that ensure as more people navigate the online space to wager, they are doing so in a fair and secure environment.
According to Statista, an average of 127.8 million gamers have been wagering over the Internet by October 2023. That figure is expected to significantly shoot up by 2027. Here is a summary of the projected growth:
Perks of online gambling
As the gambling industry continues to expand, it is pretty clear that iGaming is catching on because of the plenty of benefits its users enjoy. These advantages are the driving force behind why many people consider this type of gaming a mainstay for the industry’s future.
Some of the advantages of online gambling include:
● Convenience. As we’ve just stated, online gambling is one of the most convenient ways of gambling. Players get to access a plethora of games on a 24/7 basis without the need to physically go to their local casino. This can save time and the cost incurred to get to their local casino;
● Variety of games. Online casino platforms offer a vast range of games, from themed slots to table games to the live casino experience and so much more. Owing to this variety, online gambling attracts diverse preferences and caters to a broader gaming audience
● Global accessibility. Online casinos break down geographical barriers that allow players from different corners of the world to interact freely and engage in classic gameplay, especially regarding table games
● Safety. You are guaranteed an experience of a lifetime that will also come with safety assurances if you play in licensed sites. Top-notch casino sites employ all the stops and skills like advanced encryption technology and secure payment gateways to protect your personal and financial details.
Blockchain and online gambling
As many have established, cryptocurrency is the future. This ties into online gambling, which has, in a big way, embraced crypto with betting companies accepting cryptocurrencies like Bitcoin, Ethereum, Doge, and many others.
Moreover, with blockchain-based gambling games starting to be a practical concept, it is no wonder that online gambling is viewed by many as the future of casinos.
Live casino betting
As technology advances, Internet speeds are getting quicker by the day. When that ties into modern software development techniques, live casino gaming is becoming so much better as players can relish crisp 4K live streams on intuitive interfaces.
Visiting your local casino is no longer necessary if you want to enjoy an authentic casino feel that involves real-life interaction with dealers and fellow players.
Betting on tomorrow
The future is bound to be tied to anything related to the internet.
And with the vast growth of online casino gaming platforms, iGaming is now attracting more players with a similar intensity to land-based casinos. No doubt, in the coming years, online gambling will be the crown jewel of casino gaming.
