New technological innovations hold the key to the improvements witnessed in the gambling industry. The focus has been mainly on giving users a better gaming experience, hence, there is need for top brands like Betway to incorporate modern technological trends into their systems. With technology changing fast, it is not easy to predict where the industry will be in a few years, but we will look at some of the new trends that look set to take gambling to the future.
Blockchain is the way to go
To many, blockchain is becoming the ultimate breakthrough technology as it has brought in so much hope for several industries. It is no different in the casino industry, where numerous transactions are executed between gamblers and operators. Blockchain technology facilitates faster, and simpler transactions, where no third party involvement throughout the entire process, and there is transparency among parties involved.
The use of blockchain technology means that there is a zero chance of fraud, as no individual entity has access to personal information. Simply, the entire process is executed through a decentralized network. Unlike in traditional banking and ordinary money transfer where users give out personal details, blockchain technology eliminates that completely, making it the safest way to complete transactions.
Smartphone gambling will continue to rise
The gambling and casino industry owes much of its recent rise to smartphone technology. In terms of revenue, it is estimated that online mobile casinos like the Betway casino account for more than 85 percent of the total casino revenue. Initially, the larger share of online games was developed for computers, but the tide has since changed. To leverage on the potential of mobile gaming, brands are shifting focus on games that are playable on mobile devices.
Mobile gambling offers convenience in that players can play on the go straight from their phones, any time they feel like. Casinos have maintained the ordinary computer games, but everything points towards an all-mobile powered industry.
Gambling and sports betting under one roof
There is a difference between sports betting and gambling, but lately, things are narrowing down to a collective platform. When online gambling was launched, it was only a matter of time before market leaders like Betway incorporated gaming and sports betting. While it was a way to capture a larger audience, there was a co-relation between the two.
In modern online casinos, you can enjoy playing your favorite poker and slots games, and at the same time you can also place bets on sports events taking place in different places around the world. Currently, not all gambling platforms offer the luxury of sports betting, but it is the direction being taken by everyone.
Virtual reality is here to stay
There has been a lot of focus on virtual reality lately, with more and more VR options and devices on show. It cannot be said that virtual reality is the present, yet, but it is fast gaining traction. People will be looking for more engagement through trying out the new virtual experience together with real-life graphics. Currently, virtual reality is only apparent in video games, but there is every reason to believe that it will soon be expanded even to online gambling.