Every industry goes through many phases of adaptation and improvements over the years. The latest technological developments opened many opportunities on the market and also made positive pressure for adoption towards many companies.

The gambling industry is one of those industries that went through many different eras, as well as the games inside them. 

But casinos always had a way to get to the customers. Below, we will talk about some of the milestones of online gambling and the latest technologies that set the course for the future of this rapidly growing industry.

Back in the Previous Century

It all started back in the ’90s when the first online casino went live in 1994 thanks to the first online gambling software developed by Microgaming, and powered by CryptoLogic’s security software solution. This collaboration led to the first online casino to be available for anyone with access to the internet, and just like that, the doors for another online industry were opened wide. 

By 1996 there were fifteen gambling websites, but this number rose to 200 in 1997. Since then, the online gambling industry has been in constant growth, developing into a billion dollar industry.

Safety First

We are always skeptical when something new hits the market, especially when it’s something that involves money bound with a service or a product that involves chance - you can get it, but you can also lose it.

It was the same for online gambling. When it first appeared most of the people were very suspicious of how this technology will work since you are not physically in contact with the hired people in the casino, and you don’t share the same room with other customers.

But nowadays all these concerns are a thing of the past, because of the huge amount of regulations and mandatory licenses casinos must have, that provide absolute safety for online casino customers.

Additionally, high-quality casinos offer a variety of payment methods, which makes it even more convenient for players to choose the most convenient way to manage their cash.

Mobile Gambling Revolution

The development of smartphones created new possibilities to enhance online gambling. In the past 10 years, smartphones have become very powerful devices that fit right in your pocket, and the younger generations have simply become dependent on them, relying on them for entertainment and help of any kind.

This great opportunity for the online casino industry led to adapting to this new generation of users, enabling them to gamble (as adults) with no obstacles at all. Since this generation was already hooked on playing video games on their smartphone, gambling companies immediately recognized this great opportunity for additional excitement and a new way of providing entertainment.

Future Expectations from the IGaming Industry

The online casino experience in the past years has been vastly improved thanks to the software companies. As the market develops, the online casino platforms are in constant search to provide better service for their customers. They simply innovate new ways of satisfying the players' needs, and the players' feedback is crucial in making final decisions before implementation.

These are some of the successful innovations and adaptations of the online casinos towards their customers:

The switch to online sports betting was another big milestone for the industry. Statistics say that 43.2% of all online gambling in Europe was in sports betting. In the USA people constantly are switching to online sports betting vs the traditional one when you physically need to go to the casino to place your bet. Statistics say that more than 80% of the bets are placed online because of convenience and online availability.

In-Play betting was another interesting new feature for sports betting lovers. This innovation made it possible to place your bets while the sports event is actually happening live. The players were very thrilled because they got the chance to participate in the game, feel the pace that is revealing, and make decisions in a particular moment of the game. For instance, if they are following a football match, they can place different types of bets at any time of the game, and make the decision of who's going to win the game 10 minutes before it ends. This method is possible in a variety of games such as dog races, horse races, car races, tennis, group sports, etc.

ESports is something that sounds unfamiliar for many people, but the younger generations are highly into it. The online gambling companies saw a great opportunity in this type of betting, and statistics say that ESports gambling providers made over 14 billion dollars in 2020.

ESports are basically video games competitions where the games that are played are with great popularity worldwide such as Counter-Strike, DOTA2, League of Legends, etc. These events gather huge masses, and their popularity is so big, that many of these tournaments are more popular than the biggest sports events.

So online gamblers are simply placing bets on the team they believe is better and it’s going to win in the competition.

Cryptocurrencies also found their way into online casinos. At the moment there are some gambling platforms that accept certain cryptocurrencies like Bitcoin, Etherium, Dogecoin, but the expectations are that this paying method will become a standard one in the future.

Because of the technology improvements, online casinos launched a new type of slot game, called I-Slots short version of Interactive Slots, and this type of slot game has gained popularity super fast.

These Slot games are basically a mix between the traditional Slots and other types of interactive adventure games. This brought the Slot games to another level because I-Slots produce greater excitement and engagement for the player with the game.

Final Words

It’s been a very nice ride between the gambling industry and technological advancement. They always find a way to grow together, with the biggest benefits to gambling lovers coming in the shape of more enjoyment, and more winnings. It’s going to be very interesting to see the latest innovation that’s going to hit the market, and to find out how this exciting industry is going to develop.

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