IGaming is a business similar to any profit-making niche, where they rarely slow down into a smooth grove and stays there. Since figures were first calculated, the amount wagered by people on online gambling has been increasing. A decade ago, in 2005, the annual global wagered amount on all forms of internet gaming was nearly $14 billion, whereas this year it is estimated to exceed the threshold of $40 billion for the very first time. That’s nearly twice the amount people around the world spends on music, both digitally and physically.
There are numerous companies trying to get their hands on as much of that $40 billion pot as possible. Apart from the massive companies who are at the forefront of this industry, that are numerous smaller businesses determined to make a name for themselves such as Magical Vegas. And to reach that goal, innovation always figure as one of the key to success in the competitive and dynamic gambling environment. We have taken a look at what could be the next possible innovations when it comes to iGaming.
With internet speed growing faster day by day around the world, fibre optics and super-fast broadband are now at the reach of most people. Countries such as South Korea and Hong Kong have average connection speed of 25.3 mbps and 16.3 mbps respectively. With such connectivity speed becoming common, live HD streaming is possible. Magical Vegas is one of the online casino that is already offering HD Live Casino games to its players, allowing them to enjoy the authentic casino experience from home with a live dealer.
The sporting world is increasingly evolving, and casual video gaming have given place for a more serious way for people to spend their free time, with games associated with e-sports. World Known Multiplayer games such as League of Legends, StarCraft, and Defence of the Ancients 2 are some of the leading e-sports. Top eSports players such as Peter Dager and Saahil Arora are as well known in this realm as Cristiano Ronaldo is to football. E-sports have a competitive element, thus various online sport books are offering punters the chance to place bets on their favourite e-sports stars.
The impact virtual reality gadgets such as Project Morpheus, Oculus Rift and HoloLens which are reality augmenters with holographic projections are most probably going to have a substantial impact on casino gaming. In the near future, you may well be able to place holographic chips on the gaming table at Magical Vegas and watch the ball spins inside a holographic roulette wheel.
The next online gaming innovation could be around the corner, just as video poker gained unprecedented popularity in Las Vegas in the late 1970’s. There is a time when the present online slots or other online casino games will lose their charm, and companies are already working on future iGaming ideas to fill the gap.