The iGaming industry has seen a massive increase over the last few years. In fact, it is now one of the world’s most profitable industries. The future of iGaming will definitely be shaped by technology and its rise. So, what are the emerging technologies that will shape the future of iGaming? Read on to find out more.
How can the iGaming industry be best described?
Before we head into discussing technologies, it is important to understand what we mean by the iGaming industry. iGaming typically refers to the betting of money on the outcome of a game. iGaming involves betting on sports and online casinos such as Bet MGM – one of the, amongst others. Casino games and sports betting dominate in the iGaming industry and online gambling’s popularity as an entertainment source is ever-increasing.
Which emerging technologies will shape iGaming’s future?
AI has played a significant role over the years to improve automated services in many different sectors. Artificial intelligence enables machines to study and learn from the behaviour of humans. It also enables online systems to detect fraud patterns and other security breaches.
The latter could be incredibly useful to the iGaming industry. AI can be used to retain bettors, provide support, and improve engagement. By studying gamblers’ behaviour, the iGaming industry can provide more personalised services for their online casinos.
Internet of Things (IoT)
IoT makes it possible for users to connect to several devices. These devices communicate with each other via an internet connection. IoT has opened up a whole new world and it can also take the iGaming world to the next level, giving it more room for innovations and improvements.
Virtual Reality / Mixed Reality / Augmented Reality
These three have already started revolutionising the iGaming industry. Game developers are now creating more immersive games which means that users are more entertained when it comes to playing online casino games.
Live dealer games are one such example which give gamblers a real casino feeling. They bridge the gap between an online casino and a traditional land-based casino. We’re sure that more innovations are yet to come in this area!
Usually associated with Bitcoin,goes beyond cryptocurrency. It is also a distributed ledger, meaning that it is designed to provide a more dependable way of communicating things and recording data.
The iGaming industry has the opportunity to employ this technology and come up with its own digital currency. On the other hand, the industry can also use Blockchain to create a trustworthy network between game developers and other gaming companies.
There’s no doubt about it – the future of iGaming will definitely be shaped by technology. Fortunately for online gamblers, it all points to a bigger and better world for the iGaming industry!