How Technology Has Changed The Gambling Industry

At the end of 2015, the mobile gambling industry was said to be worth $100 billion, and with a huge growth in technology over the years, it is easy to see how technology has played in the development of the betting industry. Gambling is the process of playing a game for money, and this involves placing bets or playing the odds in the hopes of winning. From dice rolling and playing cards in 100AD, to online gambling becoming the face of the casino world, it is easy to see how and why technology has influenced casinos. Not only this, but technology has also affected the odds and how the games are determined, particularly online.

How Mobile & Apps Have Changed The Face Of Betting

The internet and mobile phones have changed the face of many industries, and in 2012 it was reported that mobile gambling has risen by 75%. The amount of bets placed on mobile devices was said to hit $100 billion at the end of 2015, with 164 million people using mobile devices to visit it. By 2018, it the industry is set to take at least 40% of the entire gambling market. With so many customers able to bet from the comfort of their own home at some of the best online casinos in the UK, it’s simple to see why mobile and online gambling is becoming so much more popular.

Random Number Generators

One of the biggest implementations of casinos that helped to provide a fair service to customers, while also giving the casinos a better chance of winning was random number generators. In reality, random numbers in a computer program are actually pseudo-random, which means they are generated using a mathematical formula. Currently, all slot machines operate a RNG, and this is located within a microchip and used to determine the reels’ positions. This means that when you hit the spin button or pull the lever, the winning combinations are already predetermined. Now around 70% of the casinos’ income is generated through slots, both online and offline.

Opening Up Audiences

Before, gambling was stereotyped to be the preserve of smoky bookmakers. Now, technology has made online gambling a mainstream leisure pursuit. The two games that were the quickest to catch onto the rise of the internet were bingo and poker, meaning they are extremely popular and easy to replicate online. With the high quality performance of modern smartphones, and connectivity around the world available for all to take part, and with many online bonuses to choose from, technology really has opened up a huge variety of people.

Virtual Reality

Virtual reality is predicted to be the next great leap forward, and many gaming development companies are leaping forward at implementing this technology into casino games, particularly into the slots. With the relatively low price of the hardware too, there is a very high chance that it will become a general household item in the near future, similar to a computer or a mobile phone. With the gambling industries new open-mindness to technologies, this is an exciting time for the gambling industry.