The global online gambling community peaked at an impressive USD 49.63 Billion in the year 2018. These figures are nothing to shudder over. It is esti
The global online gambling community peaked at an impressive USD 49.63 Billion in the year 2018. These figures are nothing to shudder over. It is estimated that this number will hit a $74 billion benchmark by the year 2023. All these points to one fact: The gambling and betting industry has never grown at such a fast rate ever before. Thanks to the rise of mobile technology, that has allowed more and more people to join in, in the world of betting.
Having said all of that, there are mind-blowing tech trends set to take the online betting industry to the next height in 2019.
The following are five of such trends
- Virtual Sports
Virtual Sports seems to be the high point of most gamblers these days. Technology is making betting more encapsulating than ever. With high-tech gaming gadgets and non-stop feature, gamblers are sucked into this virtual world of possibilities. Let’s take instance a betting service like betway. Betway mobile app offers a unique and superfast service that allows users to make low-risk stakes based on virtually generated sports games on the sport. Though this feature is not peculiar to betway alone, it is also common to a host of other betting services. This trend seems to have taken the betting industry by storm in 2019.
- Bitcoins Or Crytocurrency
Bitcoin is in so many ways, a fair and open payment system that is now being employed by bookmakers in the betting industry. This transparent system offers a kind of trust platform between bookmarkers and patrons alike. This is not to mention the fact that implementing digital currency has become relatively cheap and convenient for many online transactions. In the very near future, we expect more and more betting app services to adopting this trend.
- Cloud Computing Technology
Cloud computing is making it super easy to place bets online without the need to download an app. PAAS(Platform as a service) handles much of the data flow and utilities while you make your analysis. This kind of service offers a superfast portable gaming system that gets rid of service glitches.
- Social Gambling
The social gaming is being touted as the next big thing that is set to take the gambling industry by storm, and even replacing social gaming which is a million-dollar milk industry now. The great plus to social gambling is people now get to earn money from it rather than spend those huge dollars on gaming that could be flipped instead as stake.
- Customer Service Bots
The explosive growth of AI has seen the rise of customer service virtual assistants. These virtual assistants are trained to analyze a situation and offer customer assistance and even game suggestions. Suffice to say, these customer service bots are aimed at building trust and bond between players and the gambling platform.