The iGaming industry is one of the fastest-growing industries in the world. The industry is worth billions of dollars in America and constantly evolving. Thanks to new technologies, the way that people gamble online have changed dramatically over the last five years.
In this article, we will take a look at some of those technologies to have had a major influence on the industry over this time period, while also explaining just how they have managed to have an impact across the American market.
Furthermore, once we have discussed each of these in detail, we will look at what the future could bring and whether it will allow the market to thrive further and help it expand at a greater rate across the nation!
Plenty of change has been experienced across the American iGaming industry due to technology
The online gaming industry has seen a lot of changes in the last five years. It could be argued that some of these changes have been good, while others have not been so good. For the purpose of this article, though, we will only focus on those that have made the American gaming market as good as it is currently, and highlight the key benefits that each of them has brought to the industry.
So without further ado, let’s take a look at each of them in a little more detail…
Social media and online streaming services
Social media platforms like Facebook and Twitter have become integral to many people’s lives. As a result, iGaming companies have started integrating social media into their platforms. For example, some online casinos now allow you to log in with your Facebook account. This makes it easier to play games and share your results with your friends.
Additionally, the rise of online streaming services like Twitch and YouTube Gaming has positively affected the iGaming industry. This is because these platforms have allowed gamers to live-stream their gameplay, making more people interested in gaming. In addition, these platforms have also allowed gamers to make money by donating to their favorite streamers or by subscribing to their channel.
The popularity of mobile gaming has continued to increase
The popularity of mobile gaming has also had a positive effect on the iGaming industry as it has allowed more people to play games on their smartphones and tablets. The rise of smartphones and tablets has had a huge impact on the iGaming industry.
More and more people are using their mobile devices to gamble online. This trend has led to developing more mobile-friendly gambling apps and websites. In addition, mobile gaming has also resulted in the development of new genres of games such as battle royale and escape rooms.
Growth of esports
The growth of esports has positively impacted the iGaming industry, thus helping to further the idea that online gambling has become a powerhouse online entertainment source for so many Americans all across the US. Indeed, with a range of bonuses and different markets to place wagers on when betting on esports, more attention has been placed on competitive gaming, which has resulted in the industry’s further development as more leagues and tournaments are created.
Virtual Reality and Augmented Reality
Virtual reality gaming is a new trend that is just beginning to take off in the iGaming industry. VR gaming allows gamers to immerse themselves in a game like never before and it is expected that this trend will continue to grow in popularity over the next few years. Nonetheless, it is something we have already seen emerge over the last five years and is likely to continue as technology improves.
Moreover, augmented reality gaming is another new trend that is just beginning to take off in the iGaming industry. AR gaming allows gamers to interact with their environment in a new way and it is expected that this trend will continue to grow in popularity over the next few years, too.
Live Dealer Gaming
One type of gaming that has emerged over the last five years, though, and can be considered to be one of the latest trends in online gambling is live dealers. This technology allows you to play table games like blackjack and roulette with a real dealer via a live video stream. This gives you a more realistic and immersive gambling experience, which all gamers have continued to demand and crave with each session they enjoy.
Blockchain is a new type of technology being used in various industries, including iGaming. Blockchain offers many advantages for both players and casinos, such as increased security, transparency, and fairness. We are likely to see more and more casinos adopt this technology in the future, especially as cryptocurrency becomes more accepted and many more are starting to embrace and adopt the technologies that virtual currency utilizes.
A bright future ahead for the American iGaming market
Given the technological developments to have been experienced over the last five years, there is no doubt that the American iGaming market is set for a bright future. It is already worth billions and billions of dollars, however that figure should only escalate further if we continue to see technology develop further and provide us with newer innovations and capabilities that we are not yet able to comprehend.
As mentioned, there are still emerging techs that can be considered far from reaching their full potential, too. For instance, virtual reality and augmented reality can still be thought of as being in their infancy within this market, and the growth they could achieve could end up changing the American gaming market forever!
Technology has had a huge impact on the iGaming industry over the last five years. Thanks to new innovations, online gambling has become more social, convenient, realistic, and secure than ever before. It will be interesting to see what other changes take place in this rapidly evolving industry in the years to come!