Gambling tech trends — How emerging technologies are transforming games of chance

  (photo credit: INGIMAGE)
(photo credit: INGIMAGE)

The new casino technologies have revolutionized the gambling industry. They quickly became accessible with just a few taps on a smartphone screen, eliminating the need to travel to Las Vegas for an exciting experience. Anyone of legal age in regions where gambling is permitted can now try these technologies.

Just 15-20 years ago, such a thing was unimaginable, as were the prospects of new technologies emerging in this market. These technologies are rapidly transforming our understanding of convenience and quality in online gaming. It's worth delving into these technologies in more detail, especially considering how these transformations significantly impact online gambling.

The online gaming market is changing, and certain technologies significantly influence it. The first online casinos in their most basic form appeared on the Internet in 1994. Since then, the industry has undergone numerous changes and has embraced global gaming technologies that allow users to have an even more positive experience:

  1. Enhanced data encryption, user privacy, and personal and financial information protection. New encryption and data protection protocols have evolved from being optional to becoming a new quality standard. Applications and websites are becoming safer and more private.
  2. Introduction of new payment methods. Finding online casino mit sofortüberweisung has become very easy, providing the ability to instantly deposit funds and quickly withdraw winnings without lengthy waiting periods.
  3. Games based on virtual reality and AI technologies are being developed to meet user demands. This opens up new horizons for the gaming experience.
  4. Super-convenient mobile apps adapted for both Android and iOS have emerged. They allow you to have the game at your fingertips or control your bets in real time. This has helped the gambling industry attract thousands of users who used to perceive gaming and betting as a arisky or too complex process.
  5. New technologies have brought live dealer games to every home. Now, you can feel like you're in Las Vegas without even leaving the comfort of your own armchair. And if there used to be too many time constraints for live games, with each passing year, there are significantly fewer of them, while the variety of available activities is no longer limited to roulette or poker.

These and other casino industry trends and gaming technologies are increasing user engagement, making their interaction with gaming platforms easier, and bridging the gap between physical and online casinos.

Blockchain and Beacon technologies

Blockchain has become the foundation for smart contracts and the cornerstone of the emergence of cryptocurrencies. Thanks to blockchain, betting technology has become more accessible to people by offering instant transfers, absolute confidentiality, and secure payments for deposits and winnings withdrawals.

Cryptocurrencies as a form of payment have made online casinos even more widespread worldwide, as they have proven to be one of the most convenient payment options. Players prefer cryptocurrencies for various reasons:

  • Speed
  • Reliability
  • Protection of personal data
  • Irreversibility of payments
  • Reduced risk of fraud

Since it's easier for players to manage virtual assets, blockchain, and new payment methods have become available on almost every platform within a few years. Additionally, it's much easier for businesses to handle financial flows when payments are received directly into the company's accounts without unnecessary bureaucratic delays.

Furthermore, crypto casinos have offered players higher limits and eliminated fees (since crypto transfers don't require additional expenses). Collaboration between the platform and the user has become more convenient than ever before.

In discussions about emerging technologies in gaming, it's impossible to overlook Beacon technology. This works by sending notifications via Bluetooth to a user's smartphone when they are within the range of a Beacon transmitter. This invites an interested audience to participate in current bets or join team games. Every online casino operator or betting company can use Beacon technology at their discretion. The key point is that this has significantly expanded modern capabilities and possibilities.

Blockchain: The two sides of the same coin

Gaming and technology go hand in hand, offering users increasingly intriguing features. As mentioned earlier, blockchain has enabled mobile gamers to utilize the benefits of virtual currency, including maintaining anonymity. On the other hand, cryptocurrency payments mitigate unnecessary risks for online platforms, such as user fraud or non-payment. In essence, blockchain is a mutually beneficial solution, a coin that attracts from both sides, no matter how you look at it. This is why the list of payment methods has long included not only Bitcoin but also Ethereum, Litecoin, and other cryptocurrencies.

However, alongside the advantages, there are certain drawbacks. For instance, user anonymity opens up additional avenues for money laundering, prompting online casinos to find alternative methods of player identification to comply with regulatory requirements, regional laws, and international rules and regulations. Operators are also tasked with addressing responsible gaming concerns, as the absence of limits grants gambling enthusiasts the opportunity to play until their virtual funds are exhausted.

Currently, online platform leadership is collaboratively working on implementing new rules for utilizing blockchain technology in a way that doesn't undermine users' well-being. Governments in countries where online gaming is permitted also support this initiative. Therefore, certain limitations on cryptocurrency payments on betting and gaming sites may eventually be established.

Beacons: The future of gambling marketing?

Meanwhile, Beacon is the betting technology that foresees further development, widespread adoption across various platforms, and even greater dissemination. It will enable personalizing company offers, attracting more users, and making the gaming and betting experience richer and more vibrant.

In practice, it works like this:

A user passes by an offline establishment where bets are accepted for local team games. At that moment, they receive a notification on their smartphone along these lines: "Your favorite team is playing today. Support them. The odds for the game are..."

They can choose to take up the offer or ignore it. However, many interested bettors would gladly visit the designated establishment. Simultaneously, marketers spend a minimal budget to implement such a promotional campaign. Thus, despite its futuristic appearance, this technology is already a new reality in the gaming industry.

Alongside these tools and innovations, other online gambling technologies are becoming popular. Specifically, Extended Reality and AI technologies enhance the user experience, and in real time, we can observe striking changes and true breakthroughs similar to the gambling trends that are practically presented to us daily.

Every new technology in gaming is worth attention, as tomorrow, they could showcase the full potential of their power and unveil to players what was previously deemed impossible and out of reach.

This article was written in cooperation with Peter Wannemaker