Top 5 Technologies That Changed Online Gambling
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Brits are putting more money in online casinos. Online gambling has an all-time high participation rate of 27%. Remote Betting, Bingo, and Casino sector produced a gross gambling yield of GBP£6.9 billion (USD$7. 9 billion). Online casino game revenue comprises more than half of this.
The Internet has helped to develop the idea of online gambling. The Free Trade & Processing Zone Act in 1994 allowed the introduction of gambling in Antigua and Barbuda. In the UK, the number of websites offering gambling has grown to thousands. The UKGC has issued over 3,600 gambling licences to over 2,000 online casinos. Experts credit the rise of the online casino to two innovations: the first is online betting software and the second is encryption. It's the latter that has been cracked by Deep Crack.
The iPhone allowed for a wider screen and improved the quality of live streaming. Live casinos allow players to feel being in a casino without actually going to one. The rise in global internet speeds made live streams more manageable. More sophisticated live casinos include exclusive tables for particular gambling platforms. Stake.com has exclusive exclusive sets for its platforms and branding integrated into the set.
Cameras are a modern technology that allows live casinos to provide clear and crisp video feeds.
Game Control Unit (GCU) is the most crucial part of any live casino. GCUs encode and transmit game data from the deal table to the stream. They also receive information on online players and their respective wagers.
Live casinos maintain a live chat function during the game. The chat is connected directly to the dealer.
The first electronic transaction in history involved ‘Ten Summoner’s Tales,” Sting‘s fourth studio album, which was paid for by credit card for USD$12.48 in 1994. Digital wallets store payment information in a secure electronic container. Many gambling sites encourage players to pay via digital wallets. They deliver faster payments than standard bank transfers and charge consumers less for transactions than banks.
There are as many as 12,000 cryptocurrencies circulating worldwide. 1,00 new ones enter the market monthly. Online gambling sites accept either crypto or fiat. Crypto betting is a decent alternative to traditional payment methods. It's still relatively new and volatile. Economists are trying to understand how these crypto-assets can work to everyone's benefit. The UKGC calls them "cryptocurrencies". They are a relatively recent technology.
Augmented and Virtual Reality (AR/VR) technology is among the new additions to online gambling. AR adds virtual elements to a user’s real-life vision, whereas VR replaces the user's vision with a virtual one. Online gambling can take advantage of these innovations.
VR is a virtual reality headset that brings the user to the actual game environment. Pokemon Go uses the player's phone camera to add and operate game assets.
VR and blockchain are the future of online gambling. They will address several issues that have hampered the industry for years. Online gambling sites will be able to offer more games and integrate them into a virtual space. Virtual payment will most likely be in the form of cryptocurrencies. Like AR/VR, it will take a long time for it to become mainstream.
Online gambling sites offer a variety of games. VR can integrate as many casino games as possible in a virtual space. Playing on such sites requires sitting for long hours in front of the PC or mobile device. Most VR setups need the player to stand while playing. Virtual payment will be made using cryptocurrencies.
Online gambling is the culmination of years of technological advances. Live streams, digital wallets and AR/VR technology are the future of online gambling. In the coming years, crypto-assets will be a more stable means of payment and VR devices will become more affordable.
The internet gives casinos a new platform to extend their reach. Live streams facilitate communication between dealer and player. Digital wallets allow alternative modes of payment like crypto. AR/VR tech will bring a level of immersion like never before.
