2023 Fintech and Financing Conference & Expo

The Future of Online Gambling – AR and VR

Guest Post | Nov 22, 2022

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You won’t find many venues that offer as much buzz and excitement as a brick-and-mortar casino. The busy tables, real-money risk, and social atmosphere create an immersive gambling experience like no other. Unfortunately, visiting a retail casino every time you want to play blackjack isn’t entirely practical, and online games don’t quite capture the electrifying energy of gambling in person. But what if there was a way to transport yourself onto the casino floor without leaving your couch?

What Are AR and VR?

AR and VR use pretty similar technology and work in a similar way, but there are a few key differences to note. Augmented reality (AR) projects digital images and sounds into the real world around you. This is usually done through a device like a smartphone or iPad. To put it into context, AR is used in games like Pokemon GO and in social media filters.

Virtual reality (VR) tips this concept on its head. Instead of changing your real-world surroundings, VR transports you into an entirely digital environment. VR games like Beat Saber use headsets and handheld remotes to put you directly in the game rather than bringing the game to you.

Why There Is An Increasing Interest In VR and AR

Over the last few years, more states have been relaxing their rules about online gambling, and the popularity of online casinos has steadily been growing as a result. However, when brick-and-mortar casinos were forced to shutter their doors during the pandemic, an unprecedented amount of players signed up for online casino sites. This influx of new players made the need for new and improved casino technology a much more urgent matter.

Besides, the ever-increasing popularity of live dealer games proves that players are hungry for more interactive ways to play. Casino operators are turning to innovative blockchain-based technologies to remain competitive in an increasingly saturated market, as you can see here https://www.bovada.lv/casino/bitcoin-casino. With this in mind, the demand for virtual reality (VR) and augmented reality (AR) is growing for iGaming and casino experiences.

Offering innumerable advantages for online gameplay, these technologies have the potential to change the future of online gambling. That’s why operators are turning to innovative technologies to stay ahead of the competition.

By offering a more immersive gaming experience, a casino can increase its chances of retaining loyal players. After all, if you could get the real casino experience from the comfort of your couch, why wouldn’t you use it?

How Would The Technology Be Used In Online Gambling?

Fans of Ready Player One will be well familiar with the uses (and potential misuses) of VR in fictional settings. But what if you could experience these digital realities in real life? As AR and VR become more advanced, online gambling operators are preparing to take full advantage of these fascinating technologies. So, what differences will AR and VR make to your online gambling experience?

Virtual reality could offer an immersive gaming experience as you’ve never seen before. One of the biggest downsides to gambling online is the lack of social atmosphere. However, VR changes that, as it introduces players to a wide array of sensory experiences.

Gone would be the days of watching a live dealer game through a screen and chatting with other players through the basic live chat function. Instead, your VR avatar could take an actual seat at a blackjack table, and you could talk to other players as if they were right there in the room.

As impressive as it is, VR isn’t entirely practical for gambling on-the-go. That’s where augmented reality comes in, as it ensures a more portable and convenient gaming experience. AR has the potential to improve the experience of instant-play casino games vastly.

With the help of AR, the regular slot gameplay could be supplemented with stats, like when it last paid out a jackpot or how many times the roulette ball has landed on red. Without the need for headsets or handsets, AR is a much more accessible way to enhance your gameplay.

Summary

VR is already a very popular way to play online games, and AR is slowly but steadily creeping up on people’s radars. While the former can transport you from your home to the casino floor, the latter can liven up your gameplay during the morning commute.

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Both blockchain-related technologies will allow players to elevate their online gambling tenfold. Not only will they improve your experience of playing the games themselves, but you’ll be able to talk to other bettors as if you’re walking around a real casino. The technology could even be used on bonuses (for example, spinning a virtual wheel to win a prize.) To make a long story short - it’s a very exciting time to gamble online!


NCFA Jan 2018 resize - The Future of Online Gambling - AR and VRThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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