AR and VR: The New Realities of Online Gambling

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Augmented reality and virtual reality are the latest developments in the online gambling market. They are poised to cause significant changes in this market since the introduction of smartphone gambling.

Augmented reality augments the user's existing environment by superimposing virtual objects and sensory experiences over the physical reality. Pokémon GO is one of the most popular applications of AR technology to date. VR creates a nearly fully simulated virtual environment. It requires a special headset and speakers to work. VR is limited in the number of people to whom it can be accessed. AR software is easier to develop. The resulting experience is unique.

VR and AR technology is still in its infancy. It's application to online gambling could improve the user's experience. BestBingoUK claims it could solve the problem of the lack of interactivity and plain drabness that often accompany online casinos. The development of smartphone-ready gambling apps and games cut the strings that were tying players to their PCs and brick-and-mortar casinos and betting shops.

VR gambling will allow players to enter a 3D version of a casino. AR technology might find its use at land-based gambling venues. Online gambling’s worth is expected to reach $72.02 billion in 2021. VR Casino for Gear VR is a functional virtual reality casino developed by ME2ON. It is currently available exclusively in entertainment-only versions. Users can't play with real money but only with in-game chips and credits. The technology is still in its developmental phase. For example, it can be used to provide players with information about last-won jackpots, bonuses and promotions, payout data for slot machines, and so on.

There are significant obstacles to implementing AR and VR in online casinos. Both technologies require expensive dedicated headsets. Most publicly available options are for entertainment only and are not yet fully-featured. There is significant interest in a VR/AR gambling ecosystem.