How Technology Is Driving Growth In The Online Casino Market

The online gambling market has revolutionized quite a lot in recent years. This is partly because of the growth in interest in online gambling. But the biggest reason is technological advancements. From the creation of mobile gaming and its optimization to the use of cryptocurrencies and live dealer games at online casinos, technology has made this incredibly attractive for players.

Online gambling is now one of the favorite pastimes of millions of players worldwide. It is very convenient and accessible on the move, and players can use various banking methods to play at online casinos. For instance, players today can get their payouts pretty much instantly at online casinos with Interac withdrawals, cryptocurrency, or electronic wallet payouts for more privacy and extra security. This is just one of the many ways technology has improved the online gambling market. Let’s take a closer look at how it changed it to what it is today.

Advancements in mobile gaming

Mobile gambling is now more popular than the traditional desktop gambling. It’s obvious why – it is very accessible and available nonstop. Not to mention, most people always carry their phones on them and surf online. Thanks to advanced technology, you can now access all the perks, bonuses, and games at a casino from your phone, especially at top casinos. For instance, when you gamble at Jackpot City Casino, you can expect a seamless experience from your phone’s browser, and all you need to get it is a newer Flash version installed on your device.

It’s not just mobile-optimized websites that are available thanks to technology. Some casinos optimize their websites for players, while others offer mobile applications – or both. Apps will give you instant access without having to type a URL or sign in every time you want to play. Browser versions, on the other hand, won’t take up any space on your phone.

Rise in mobile gambling

In 2022 alone, the global online gambling market was valued at over $63.5 billion. Not only that, but it is also expected to grow at a CAGR of 11.7% between 2023 and 2030, with Canada and North America playing a significant role in this expansion. As the interest in the market is growing, the technology advancements are in a continuous rise.

Before tech advances, players were only able to play on a desktop. They had to download heavy software and the optimization was pretty poor – and so was the choice of games. Today, over 60% of online gamblers use mobile devices to gamble online.

Evolution of live dealer games

Live dealer games have somehow bridged the gap between traditional, land-based casinos and online casinos. One of the biggest downsides of playing online before was the lack of communication with others. The experience was good but far from immersive like in physical casinos.

Well, technology has helped change that – and quite successfully, too. Technological advancements like live streaming allow real-time interactions and a more immersive gambling experience. Today, players can interact with casino dealers in video streams, talk to other players, and gamble from home just as they would in a physical casino.

Live dealer games have become so popular that this sector alone is worth $1.2 billion annually. For some casinos, 25% of their online casino revenue comes from live dealer titles. So far, live dealer games have bridged the gap between land-based casinos and are attracting more players to engage in real-time gambling.

Enhanced graphics and gameplay features

Gone are the days of pixelated slot machines that got boring after a few minutes of playing. Today’s online casinos use the most advanced technology, which results in cutting-edge design and graphics, 3D animations, and sounds that are truly captivating.

Technology has allowed major game developers like Microgaming and Playtech, to mention a few, to leverage advanced coding and tools like AI to create the best games that have ever existed on the market. These games will not only keep players engaged longer, but they also offer more features than ever, like bonus rounds, many paylines, free spins, and so much more.

These days, slots offer the most diverse themes of all casino games. You can find thousands of them at a top-ranked casino, from classic slots to progressive games that can potentially change your life in an instant. The best part about this is that technology continues to progress, so the games get better and better every day.

Rise of crypto payments

One of the best additions to the casino world these days is cryptocurrency. Thanks to tech advances, cryptocurrencies are now available for gambling. Crypto-friendly casinos appeal to a huge audience that seeks lower fees and more privacy in their transactions. Blockchain is a highly secure option when you gamble, and the best part is, it doesn’t show on your bank statement when you play online.

Over the years, 4% of gambling has been done with cryptocurrencies, but this advantage is growing daily. Since 2014, players have wagered over $4.5 billion in bitcoin.

While this is still progressing on the market with many casinos still not offering crypto, cryptocurrencies like ether and bitcoin are slowly added to the lists of banking methods at the top casinos online.

Gamification element to boost engagement

Gamification is a game-changer that keeps players interested and boosts their gambling experience. Many casinos use leaderboards, achievement lists, and tournaments to make gambling more interactive and colorful.

Additionally, there are daily challenges, personalized loyalty programs, occasional bonuses, and personalized rewards you can see at the casinos you play at. These are bound to keep you – and other players coming back for more. By using such tricks, casinos create a sense of progression and competition. Helped by automation and similar technological advancements, they can tap into your desire for social interaction and achievement.

Final thoughts

Technology has transformed casino gaming from a physical experience into something new. Today, players can switch between live poker tables with real dealers, join multiplayer slot tournaments on their phones, and use crypto to make deposits and withdrawals. As technology evolves, the future of online casinos promises much more growth and excitement.