People all over the world live online. Even in third world countries like the Philippines, people are constantly connected to the internet with mobile devices. Think about that. The internet has become such an integral part of our lives that a third world country like the Philippines has over 300,000,000 mobile devices to cover a population of 103,000,000, including children.
People are communicating and socializing online. They are buying groceries, looking up homework answers and shopping for goods and services online. Where allowed, there are even playing casino games of chance and betting on sports with real cash through online gambling websites. In just five years, gambling enthusiasts have gone from accessing gambling websites and casino bonuses from options like online codes for Harrah’s with a laptop or PC to being able to gain access with a smartphone and mobile app. The online casino industry has become one of the most dynamic industries on the internet.
If someone looks at what’s been happening with online gambling in the last couple of years, they will see how fully committed the industry is to making use of the latest and greatest technologies the world has to offer.
Bitcoin Gaining as Popular Banking Option
While much of the world is still trying to figure out what to make of cryptocurrencies and specifically Bitcoin, the online gambling industry is preparing itself to promote crypto as its primary banking option. Currently, about 10% of the world’s top online gambling sites will accept Bitcoin deposits and withdrawals. It is moving well beyond the testing phase as industry experts estimate there will be as many as 50% of said online gambling sites dealing in Bitcoin by the end of 2020.
The driving force behind the decision to promote crypto as a viable banking option for online gamblers is the benefits it extends to said gamblers. The transactions are secure, fast and anonymous while charging a processing fee that’s substantially less than credit card companies and e-Wallet providers are chargingtoday.
Bigger and Better Platforms
As successful as the online gambling industry has become, website operators and software developers have no intention on resting on their laurels. The truth is the industry is filled with people who are working hard to innovate the next generation of online casino games and sports betting options.
In recent years, online casino gamblers have been given access to great gambling adventures like live dealers table games being streamed from studios or live land-based casinos. These table games (Blackjack, Roulette, Baccarat, etc.) have become sorealistic that online gamblers can actually have conversations with the dealer and other players while sitting in a coffee shop with their favourite mobile device.
The industry is also in the process of rolling out Virtual Reality casino gambling for real cash. With VR googles and a game controller in hand, gamblers can actually stroll around a VR casino, select the games they want to play and sit down and play in three dimensions.
There’s no telling where online gambling is going in the future. Wherever it might be, it’s a good bet technology will take it there.