The Online Casino Industry And Its Future
Over the years there have been major transformations in the casino industry especially with the recent introduction of smartphones in the millennial generation. With the rapid growth seen in that industry, it is evident that more and more advancements are doomed to happen to it. The global net worth of the online casinos and the entire gambling industry is expected to be more than $40 billion within the next 2 years, that’s by 2020.
The players of online casino games have experienced a great change which they can tell especially when it comes to accessibility, efficiency, and effectiveness. They can now get the games from the comfort of their couch or perhaps in their bed with their smartphone. The huge boom that has been seen in this industry especially from 2009 has led to tremendous growth that made the industry net worth to double in less than a decade from $14.3 to $32 billion in 2017. They have realized what many players and participants want; comfort. This has made them come up with various apps and games that are mobile friendly.
Despite the smartphone emergence in the industry, there have been technological innovations by casinos to see that they match the requirements of their clients. Some of their recent innovation is the live video feed which makes their players interact directly with the casino dealers. This has made casinos to be more enjoyable, and more social because of the possibility that they can chat with the dealers every time they are placing their bets. It is no longer a virtual computer game which was a bit boring to participants. With the look of things, a time is coming when a casino player will virtualize a reality in their casino as if they were in a live gaming and betting.
Casino industry since its establishment in the mid-1990s, it is for the first time they are trying to incorporate virtual reality technology in their casino for their clients. Another backbone of the tremendous growth of the industry is the inclusion of mobile phones software. From their research, more than 60% of online casinos and gambling is taking place on smartphones. This is a call to Casino industry to come up with more games that can easily be accessed and approached by their customers. This has extended to even football fans that can bet anywhere and anytime provided they have some power in their pocket by name of a smartphone.
It is without a doubt that the take off in the Casino industry is even expected to accelerate and move to heights as they continue coming up with more juicy innovations. The contribution of internet and technology cannot be ignored for they have been at the core of bringing closer more friendly innovations to casino lovers. However, the industry is facing a major problem which they have been struggling with for decades in the name of the emergence of regulations and even very high taxes by the state. The casino industry is continuing to beat the challenges and is still moving on to even higher heights despite the tight operating environment; it is unstoppable.