Effects of Technology on the Gambling Industry

September 20, 2022
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How Technology Has Changed Gambling Industry

Technology has revolutionized life as we know it. The advances in technological development have positively impacted many sectors and different aspects of life, and the gambling industry is no exception.

It is hard to believe that the only way to gamble a few decades ago in India and other places worldwide was to go to a brick-and-mortar casino, a race track, a bookie shop, or any other gambling establishment in person. From playing casino games to placing bets on sports, almost everything that has to do with gambling can now be done from the comfort of your home. In fact, many innovative features have been introduced over the years to make the gambling experience simpler and easier for Indian gambling enthusiasts.

This article will examine the different areas where technology has changed the gambling industry.

The Advent of Online Gambling

There is no denying that one of the biggest advantages of technology to the gambling industry is the introduction of online gambling. The advent of the internet led to the creation of casinos and sports betting online platforms. With these online gambling sites, Indian casino enthusiasts no longer need to travel to the nearest gambling establishment to engage in their favorite pastimes. 

Thanks to these sites, they can now access gambling activities easily from the comfort of their homes via their mobile devices.

Mobile Gaming

Mobile gaming is another exciting innovation that technological advancement brought to the doors of the gambling industry. While the introduction of online casinos and sports betting sites made gambling flexible, mobile gaming via mobile devices made it more popular. After all, not everybody can afford or have access to desktop computers or laptops. However, this is not the same for smartphones and tablets, as there are over 5 billion unique mobile phone users.

Another major advantage of mobile gaming is that due to the portability of smartphones and tablet devices, Indian players can easily gamble anytime and from anywhere. Nowadays, you will hardly find a gambling site that does not provide a mobile version of its services to its customer base. Parimatch is a good example. You can visit this site at https://parimatch.in/en/casino-app.

Live Casino Games

One of the biggest limitations of online casino games until a few years ago was that most of the games available were RNG-generated. This made games like roulette, baccarat, blackjack, and other table and card games less exciting than the ones at brick-and-mortar casinos. After all, these games are usually more exciting when you play them with real dealers and other players.

The technological innovation that changed this status quo is the live dealer games technology in live casinos. This cutting-edge technology enables you to enjoy the much-desired live gaming experience from the comfort of your homes in real time by connecting you with live dealers and other players online through live video streaming. 

Unsurprisingly, this innovation became an instant hit with casino enthusiasts as soon as it launched, and you will hardly find any solid Indian online casino that doesn’t host a live casino with live dealer games.

In-Play Live Betting for Sportsbooks

Another major innovation in the gambling world is in-play or live sports betting. Usually, punters can only place bets on sports betting events before the start of the event. However, this innovation allows punters to place their bets during the events.

This feature is exciting because every sporting event is ever-changing, and the situation at the start may not necessarily remain a few minutes into the game. As such, you can decide on what bet to place as you observe the situation of the live match.

Crypto Gambling

One of the issues that fraught the online world, including the gambling industry, is the anonymity and security of payment methods. There is always the risk of your personal and financial information being leaked when you engage in online gambling, whether through cyber-attacks or disreputable platforms.

The introduction of blockchain technology into the gambling industry mitigated these concerns. After all, this technology offers a safer, faster, and more anonymous way of processing deposit and withdrawal transactions online. Many casinos and sports betting sites already adopt Bitcoin, Ethereum, and other cryptocurrencies, and we expect that more will join soon.

Some of the advantages of crypto gambling include:

  • Fast transaction processing
  • There are fewer restrictions on cryptocurrency transactions than on traditional currencies.
  • A safe way of processing payment
  • Anonymous way of making payment
  • Doesn’t require personal information and is therefore safer

Other Notable Mentions

The fact is that there are just too many different technological innovations that have improved the gambling industry over the many years. So, aside from the ones we have discussed above, listed below are a few other exciting ones that deserve mention:

  • Introduction of virtual reality and Augmented reality
  • Better customer support service
  • A higher level of security
  • More fast, flexible, and secure payment method
  • Improved graphics
  • Artificial Intelligence technology

Conclusion

Undoubtedly, technology has greatly impacted the gambling industry in numerous aspects. Thanks to technological innovations, you can easily access any gambling activities in secure and user-friendly online casinos and sports betting sites.

You can Visit Parimatch to enjoy your gambling pastime. It is an international brand with about 28 years of experience and one of the online gaming providers with a lot to offer Indian players.

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