The online gaming industry has exploded over the last few years, and you can expect that it will continue due to its integration with technology. The latest global statistics on iGaming report that the market is expected to grow to over $142.38 billion from 2021 to 2026, with companies like Bet365 Group Ltd., MGM Resorts International, and Scientific Games Corp. leading its growth. This success is largely attributed to how online casino games are highly accessible, now that anyone who has a desktop computer or a mobile device, along with an internet connection, can become part of the iGaming scene.
With this thriving market, vendors are always improving the gaming experience for players, and technology is key in the innovation process. It’s through different software that game developers and operators are able to constantly create new things we can look forward to. Read on to find out more about how technology is influencing the online gaming industry.
Virtual Reality
Online games have their own brand of fun, but it doesn’t always feel quite the same as their live versions. One way to replicate the ambiance of a live game from the comfort of your own home is through Virtual Reality (VR). Currently, there are a variety of VR headsets and games that are readily available on the market, giving you many options to customize your avatar or to play games in unique locations. However, it’s important to note that current VR systems usually require stronger computers. If you’re interested in trying out these games, our list of the best gaming PCs can help you determine what computer would suit your needs. There are still many challenges in VR, but the everyday improvements in the technology are bringing us closer to reality than ever before.
Cryptocurrency
Cryptocurrency, also known as crypto, is a digital currency that is secured by cryptography. This is managed by a peer-to-peer system that works on blockchain technology to track transactions, which is why it may just be the solution to help legalize online casino games across states. In fact, online poker sites are starting to accept cryptocurrency, so players don’t have wire money from banks to open accounts at these sites. This also means that players are able to circumvent the Interstate Wire Act of 1961 — which makes it illegal for banks to process online gambling transactions outside of states that have legal poker sites in operation. Given that traditional financial institutions aren’t involved in cryptocurrency transactions, lawmakers may be persuaded to rethink their stance on legalizing online poker. The encryption of cryptocurrency transactions also ensures the anonymity and security of online gamers, making it a great option for those who want to remain anonymous at all times and keep their personal information private.
AI-powered trackers and HUDs
Online games are a great place for beginners to start who want to start their professional gaming journey, as many trackers and heads-up displays (HUD) are present to help record their overall progress. With the addition of artificial intelligence (AI), novice players (and even elite players) can use trackers with an HUD to receive detailed information about their odds of winning, and develop a better understanding about how the game might play out. Case in point, professional poker player Seth Davis won the World Series of Poker through a bluff, which he later checked with an AI tool that validated his move — presenting his bluff as the best option, just within a few seconds after entering the information about his hand. Likewise, players from other eSports fields can use advanced technology to analyze their performance and get feedback that can improve their game strategies.
With technology moving forward quickly, it’s no surprise that the online gaming industry has adopted emerging technology into its growing arsenal. Opportunities in crypto and AI provide greater convenience for everyone, which is a strong selling point. It might not be long until VR and other technologies further enhance the online gaming experience for everyone across the world as the market continues to expand at an exponential rate.