The global online gambling industry is worth well over a whopping $50 billion, and it continues to grow radically. The industry has come a long way since it started in the 90s. Online gambling has made real money casino games and sports bets more accessible and intuitive than ever before.
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The technologies have evolved by leaps and bounds and so has the overall user experience.
So, what does the future hold? Well, we fully expect online casinos to keep getting better, but not without some roadblocks along the way.
Here are some of hardest technological challenges that online casinos will face in upcoming years.
As cybersecurity measures improve and the technology to safeguard ourselves gets better, so does the tools and weapons that cybercriminals use.
It is a perpetual rat race, a vicious cycle, where cyber attackers find new weaknesses and exploit them and cyber security experts go to work every day trying to find ways to make the internet more secure for us.
Cyber attacks are estimated to cost at least $150 million in just 2020 alone. Online casinos are not invincible by any means.
Most high-quality online casinos take cyber security seriously and adhere to the latest and highest prescribed cyber security standards, and even they are not 100% risk-free.
However, there are also many online casinos that are lagging in the cyber security division, not all online casinos implement the required security protocols to keep you safe.
While online casinos continue to tackle the issue of cyber security, it is also up to you to safeguard yourself. You could start by choosing an online casino which takes cybersecurity seriously.
Crypto transactions are much faster, they don’t have processing fees, they cannot be traced and hence provide anonymity. These are things most online gamblers appreciate.
Therefore, the demand for online casinos that accept cryptocurrencies is growing across the world.
However, regulators and governments seem allergic to cryptocurrency.
Especially with regulators like UKGC forcing ‘know your customer’ regulations on online casinos in order to foster transparency, Crypto currency is seen as the enemy since it facilitates anonymity and privacy.
How will online casinos support cryptocurrencies and yet manage to also satisfy regulatory requirements?
This is going to be a tricky challenge for online casinos.
However, there is still one aspect where land based casinos take the cake – the social aspect.
Being around people in a social setting while having a good time playing casino games and downing a few drinks has huge appeal for us human beings.
After all, we are social animals to a great extent. However, online casinos largely remain an isolated experience.
We are starting to see online casinos come out with solutions like live casinos where players can play with a real time dealer in live streaming, to give a more human touch to the experience.
This is a step in the right direction, but it simply does not match up yet.
Online casino designers and innovators are certainly losing sleep thinking of ways to make online gambling a more social experience as well.
One good example of this has been online poker rooms and tournaments where you are playing with and against other actual people.
The additional of chat boxes in some online casino game settings has also helped the cause.
Also worth a mention at this point – VIP clubs or Loyalty Rewards clubs that have a certain social dimension too.
Still, the challenge remains insurmountable, but if we know anything, it is to never underestimate the online casino industry.
Virtual reality is here and it is here to stay.
It might still be early days with regards to virtual reality, but people already seem to love the immersive experience which will only get better.
There have been some virtual reality online casinos that have come out, but they don’t seem to be coping too well.
So, why have virtual reality casinos not become wildly successful?
To begin with, it is expensive for both the casino operators as well as the player. A player will need to invest in a virtual reality headset which costs upwards of $500.
In addition, there’s the cost of computers and mobile devices with great processing power.
Secondly, virtual reality games are a lot of fun, but they are usually short experiences. On the other hand, an online casino session could last multiple hours on average.
Wearing a virtual reality headset for such a long period of time is not a comfortable experience. Some people can even get nausea.
How online casinos will integrate virtual reality more gracefully is something that only time will tell.
If you still have any question, do share via comments.
If you find this article interesting, don’t forget to share it with your friends and family.
Why?
Because, Sharing is Caring!
You May Also like These;
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| Hardest Technological Challenges Online Casinos Face: eAskme |
The technologies have evolved by leaps and bounds and so has the overall user experience.
So, what does the future hold? Well, we fully expect online casinos to keep getting better, but not without some roadblocks along the way.
Here are some of hardest technological challenges that online casinos will face in upcoming years.
Cybersecurity
With the advent of the internet and the fact that it is more accessible around the world than ever before, a new type of criminal has been born – the cybercriminal. Cybercrime is rampant and a huge problem for all individuals, corporations and even government organizations with an online presence.As cybersecurity measures improve and the technology to safeguard ourselves gets better, so does the tools and weapons that cybercriminals use.
It is a perpetual rat race, a vicious cycle, where cyber attackers find new weaknesses and exploit them and cyber security experts go to work every day trying to find ways to make the internet more secure for us.
Cyber attacks are estimated to cost at least $150 million in just 2020 alone. Online casinos are not invincible by any means.
Most high-quality online casinos take cyber security seriously and adhere to the latest and highest prescribed cyber security standards, and even they are not 100% risk-free.
However, there are also many online casinos that are lagging in the cyber security division, not all online casinos implement the required security protocols to keep you safe.
While online casinos continue to tackle the issue of cyber security, it is also up to you to safeguard yourself. You could start by choosing an online casino which takes cybersecurity seriously.
Cryptocurrency
In recent years, we have seen several Bitcoin casinos come to fruition. Cryptocurrencies like Bitcoins, Litecoin’s, Ethereum, etc. offer some really great inherent advantages for online gamblers.Crypto transactions are much faster, they don’t have processing fees, they cannot be traced and hence provide anonymity. These are things most online gamblers appreciate.
Therefore, the demand for online casinos that accept cryptocurrencies is growing across the world.
However, regulators and governments seem allergic to cryptocurrency.
Especially with regulators like UKGC forcing ‘know your customer’ regulations on online casinos in order to foster transparency, Crypto currency is seen as the enemy since it facilitates anonymity and privacy.
How will online casinos support cryptocurrencies and yet manage to also satisfy regulatory requirements?
This is going to be a tricky challenge for online casinos.
Social gaming platforms
Online casinos are great and have started to become the preferred version of casino gaming for most.However, there is still one aspect where land based casinos take the cake – the social aspect.
Being around people in a social setting while having a good time playing casino games and downing a few drinks has huge appeal for us human beings.
After all, we are social animals to a great extent. However, online casinos largely remain an isolated experience.
We are starting to see online casinos come out with solutions like live casinos where players can play with a real time dealer in live streaming, to give a more human touch to the experience.
This is a step in the right direction, but it simply does not match up yet.
Online casino designers and innovators are certainly losing sleep thinking of ways to make online gambling a more social experience as well.
One good example of this has been online poker rooms and tournaments where you are playing with and against other actual people.
The additional of chat boxes in some online casino game settings has also helped the cause.
Also worth a mention at this point – VIP clubs or Loyalty Rewards clubs that have a certain social dimension too.
Still, the challenge remains insurmountable, but if we know anything, it is to never underestimate the online casino industry.
Virtual Reality and Augmented Reality
Video games have already adopted virtual reality and are starting to run away with it. The online casino world is far behind.Virtual reality is here and it is here to stay.
It might still be early days with regards to virtual reality, but people already seem to love the immersive experience which will only get better.
There have been some virtual reality online casinos that have come out, but they don’t seem to be coping too well.
So, why have virtual reality casinos not become wildly successful?
To begin with, it is expensive for both the casino operators as well as the player. A player will need to invest in a virtual reality headset which costs upwards of $500.
In addition, there’s the cost of computers and mobile devices with great processing power.
Secondly, virtual reality games are a lot of fun, but they are usually short experiences. On the other hand, an online casino session could last multiple hours on average.
Wearing a virtual reality headset for such a long period of time is not a comfortable experience. Some people can even get nausea.
How online casinos will integrate virtual reality more gracefully is something that only time will tell.
If you still have any question, do share via comments.
If you find this article interesting, don’t forget to share it with your friends and family.
Why?
Because, Sharing is Caring!
You May Also like These;
