The iGaming industry is now a multi-billion-dollar global industry that is constantly evolving thanks to the latest technological trends that continue to take the industry to extraordinary new heights.
iGaming is a term used to describe real money gambling sites such as online sportsbooks (sports betting sites), bingo and lottery sites, online casinos, and dedicated poker sites.
Let’s dive straight in to discover exactly which technological trends are helping to shape today’s iGaming sites.
Which technological trends are currently having the biggest impact on transforming and revolutionizing the iGaming industry?
Instead of listing them all, here are just a few of the most notable technological trends currently being embraced by industry leaders and regulators to enhance safety and security, make systems more efficient, and personalize the experience.
Some of these technological trends and innovations are also making the online casino gaming experience more immersive and changing how we interact with the games we play and the promotions we take part in on today’s most trusted iGaming sites like the official 1Bet Sportsbook and casino website.
The most notable trends in 2024 are the following:
- AI (artificial intelligence), Big Data, and ML (machine learning)
- Cloud gaming/computingÂ
- Cryptocurrencies and blockchain paymentsÂ
- Better game development programming software
- Improved live streaming capabilities and advanced live dealer casino studios
- Faster 5G internet/Wi-Fi speeds
- Faster and more efficient web browsers
- More advanced desktop and mobile devices
- Safer and more secure online payment processing services
- Higher levels of encryption protecting players’ accounts
- Better responsible/safer gambling tools to protect players
- 2FA (two-factor authentication) log-in security, as well as facial/voice recognition security
- Provably fair games (also known as crypto games)Â
These are just some of the most notable trends helping to shape various sectors of the iGaming industry in 2024, and they will continue to shape the industry over the coming years.
How is AI helping to make the iGaming industry better?
AI and many other AI-powered applications, such as generative AI, machine learning, and the gathering and analyzing of big data, are helping to personalize the online casino/sports betting experience for people who sign up to today’s most trusted iGaming sites.
These sophisticated AI-powered systems and tools monitor players’ accounts in a non-intrusive way. They can also monitor behaviour patterns and how people interact with the website and the products, services, and features available on that site.
Doing so can help with things like making more relevant bonuses and promotional offers that players are more likely to want to claim and suggest more relevant games based on their gaming history on that site.
AI also helps prevent underage gambling and problem gambling and enhances website security.
How are blockchain technology and cryptocurrency helping the iGaming industry?
Players today are more concerned about their online security and anonymity, and the very essence of blockchain technology and cryptocurrency helps safeguard these key aspects.
Also, payments made with cryptocurrencies like Bitcoin, Ethereum, Ripple, Litecoin, DogeCoin, Tether, and Bitcoin Cash are much quicker than payments made by traditional online payment methods. Crypto payments are also more secure and cost less.
Final thoughts
There has never been a safer and more exciting time than now to be an online casino player who also likes to place sports bets. Thanks to these technological trends and innovations, they can do so at any time of the day from the palm of their hand in a safe and secure online environment.
Over the coming years, even more technological innovations are likely to go mainstream, such as Play-To-Earn (P2E) crypto gaming and Virtual Reality (VR) and Augmented Reality (AR) online casino gaming and sports betting.
VR and AR would transform how we interact with iGaming sites and make the real money gambling experience even more immersive and entertaining than ever.Â
Also Read: How the iGaming industry has become such a dominating force in the Business World
