The Business of Online Casinos – How Technology Has Changed Gambling Industry

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Casino games and gambling in general has come a really long way since its early days. It was not really that long ago that casinos have shifted from their standard brick-and-mortar locations onto the online realm.

Ever since the casinos hit the online world, things have started to evolve and go for the better. And, naturally, with the help of modern technology, online casino games became more and more engaging and appealing. Ever since the days of simple pixelated card games all the way to the modern-day 3D, AR and VR games, it’s safe to say that the gambling industry has experienced some significant improvements. 

However, things don’t end there. Since the world of modern technology is constantly growing and evolving, the world of online casinos is closely following suit.

That being said, here are just some of the examples of how technology has changed the gambling industry.

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The birth of the internet

If we’re talking about the ways in which technology changed the gambling industry, we need to start from the basics, and that’s the birth of the internet. Needless to say, the birth of the internet changed all the industries in the world, and not just the gambling one. The ones that couldn’t adapt to these changes are nowadays almost entirely forgotten. But the ones that found a way to improve and adapt are now stronger than they ever were. The gambling industry is, of course, one of them.

What the birth of the internet and casinos shifting online meant was unexpected to some, to say the least. Suddenly, large monopolies were faced with a competition they did not expect and smaller casinos now got the chance to compete with the “big boys”.

For players, this brought forth the convenience of getting to enjoy their favorite games from the comfort of their own homes. And, even better, they got to enjoy those games literally whenever they felt like it. 

Casino software

Naturally, in order to be able to shift to the online world in the first place, casinos needed to find ways that will allow them to cross their games over to this sphere as well.

That’s when the need to create designated casino gaming software solutions first arose. Needless to say, the online casinos of today differ significantly from their predecessors. And even though the road that got them to where they are today was quite a challenging one, it really didn’t take all that long.

Nowadays, casino software solutions only continue to evolve further in order to stay in the loop with other innovations and changing trends that appear to be hitting the market virtually daily. 

Video streaming solutions

Video streaming is another positive change that happened to the gambling industry. But it’s important to note that this change is a relatively new one, as it wasn’t really possible to stream until the internet connections were fast and stable enough.

Aside from all the other industries that were positively affected by this new technological solution, sports betting and gambling saw some significant changes as well.

Nowadays, players seem to particularly enjoy the live dealer option many casinos decided to add to their offer. Needless to say, this type of change simply wouldn’t be possible without video streaming. 

The most notable change regarding video streaming was particularly noticeable during the 2020 lockdown, when gamblers and betters simply lost the opportunity to enjoy their favorite activities with others.

So, nowadays, it’s safe to say that casinos and sportsbooks that haven’t yet included this option into their offer are significantly missing out on great opportunities to improve their operations. 

Real-time data feeds

The internet becoming faster, stronger and better didn’t only make video streaming possible. It also enabled almost instant transfer of large amounts of data. The area within the gambling industry that is most significantly affected by this is certainly sports betting.

Thanks to the ability to share huge chunks of data quickly and safely, sportsbooks can nowadays offer real-time data feeds to all of their users. 

Needless to say, this not only brought more convenience to sportsbooks, but it also brought numerous benefits to all the betters out there.

Mobile devices

Another significant way in which technology changed – and continues to change the gambling industry is by adding mobile devices to the whole mix.

Nowadays, the number of users accessing the internet via desktop computers is becoming significantly smaller compared to that of the ones doing so via a mobile device.

What this means for businesses operating within the gambling industry is that having their offer available online is no longer enough.

Instead, they also need to ensure that ALL online users can access their offer with the same level of ease and convenience. Naturally, businesses that fail to do so can’t really hope to reach any type of real success anytime soon.

Cryptocurrencies

In the end, we have cryptocurrencies. As with everything else, the world of payment and payment methods lived through a real expansion, thanks to the internet and modern tech. 

Needless to say, online casinos and sportsbooks first needed to adapt to various online payment methods in order to stay afloat. Nowadays, that’s all taken to a whole new level with the introduction of cryptocurrencies.

Even though cryptos have been around for some time now, their use and acceptance was not so widely spread just a few years ago. 

However, nowadays, casinos and sportsbooks that don’t yet accept this type of payment are seriously falling behind their competition. 

With all of this being said, it becomes more than obvious that technology had some serious impact on the gambling industry as a whole. Luckily, as things continue to evolve, it’s safe to say that we are yet to see further changes and innovations that are bound to bring even more convenience to the table. 

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