It is no secret that the online gambling industry emerged due to the ever expanding advancements made in technology. Modernization continues to revolutionize this industry and there are no signs of slowing down anytime soon. It seems there is an unbreakable bond between technology and online casinos, with the latter benefiting with every stride achieved in the former.

Before going any further, let us first appreciate the future technology holds for online casinos;-

Virtual Reality

Currently, no deposit casino bonus is the most attractive and enticing feature for most customers, which should change with the integration of VR in online casinos. Simply put, VR is the use of technology to create a simulated environment that places the user inside the experience. This way, the user does not merely stare at the screen. Instead, they interact with the 3D world through simulation of their senses. The computer acts as the gatekeeper to this artificial world.

Already, VR is taking the online gambling scene by storm. It will help replicate the experience of walking into a physical casino, so players can entertain themselves while making money from the comfort of their couches.

Its 3D application will help make everything in a live table game more tangible, allowing players to interact better with the croupier and fellow players. As a result, players will have more fulfilling gaming experience.

VR also provides a way for more people to access gambling services, increasing the sites' customer base. More customers translate to more significant profit margins. Even better, players can explore different sites by merely adjusting their VR headsets and adjusting their settings.

Augmented Reality

Augmented reality, colloquially known as AR, is a relatively new technology that allows users to superimpose images on real objects. A camera or smart glasses execute the overlay simultaneously with the images it captures. The result is a more engaging virtual environment that creates an illusion that the superimposed images exist in the actual world.

AR is a trend that is not going away. In an article published on Forbes, Bernard Marr confirms that AR is just starting to grab people’s attention “With global spending on XR technology is forecast to increase by 78.5% next year compared to this year, both technologies will be key trends to watch out for in 2020”. We can expect to see a lot more AR in the online iGaming world.

Today, there are dozens of online sites, which allow gamblers to play all kinds of casino games, including slot machines, poker, and table games. You can even take part in a live game directly from your mobile, thanks to technology. Experts believe that AR will bring live dealer gaming to a new level. With AR, players will be able to visualize the game's happenings, let alone the entire casino giving them a similar gambling experience to those physically present in the casino.

Besides, hardware developers will have to come up with AR speakers and microphones that will offer users with virtual sounds. Honestly, the modern-day online gaming experience is barely anything compared to what AR has in store for the future. Unfortunately, it may take years before AR online casinos become something tangible in the industry.

Blockchain Technology

Blockchain is a public digital ledger that keeps a record of all transactions taking place using cryptocurrency. It remains unchanged and allows users to monitor their operations from anywhere in the world. Initially, it was developed for Bitcoin, but its use has since spread to other types of cryptocurrency.

Cryptocurrency is a virtual currency that allows user anonymity and is independent of banks and governments. Already, dozens of online casinos are accepting payment in the form of different types of cryptocurrency, with Bitcoin being the most common. It offers a fast and secure way to collect your winnings, free of the extra handling or banking charges. Besides, it is a stable form of currency as it is not prone to the market crushes we observe every day in other sectors.

Understandably, not everyone can truly see the benefits in crypto currency and the positive effects of using the pioneering blockchain technology.  World famous investor Warren Buffet is one high profile investor who, like most people was underwhelmed and completely unsold on the idea of a cryptocurrency being a pioneering financial asset going forward. In an article on Bloomberg,  Buffet is said to see “Bitcoin as basically worthless”. This comes after a meeting between Buffet and Justin Sun who is the founded one of the largest and most popular blockchain platforms, Tron. Sun disagrees and sees it as part of the future “I’m a true believer of blockchain. It’s once in a lifetime,”.

Due to the fact it is decentralized, it becomes virtually impossible to alter any data, protecting against online fraud which is a major concern for providers. This unique feature ensures that all bets, payouts, and lottery entries are fair. Despite its potential challenges, the future of blockchain in online casinos is glaring.

Final words

At the closure of the 2017 financial year, online gambling was worth not less than $100 billion, up from $41.4 billion two years earlier. While there is no arguing that technological advancements played a significant role in this growth, experts believe the industry is yet to explore its benefits fully. Every waking day, we hear of new technological development with the potential to benefit online casinos.