The mobile gambling industry is said to be worth over $100 billion dollars and it continues to grow, with projections in excess of $1 trillion by 2022.
Technology is playing a large role in the market’s development, and mobile gaming specifically, which accounts for almost half of the total online gambling market. This growth has proven the vitality of mobile apps for the betting industry because those apps allow so many customers to bet from the comfort of their own homes.
Gambling requires both strategy and skill (along with a little luck), and several software improvements have made it possible for these factors to be captured effectively in online gambling – from spinning, rolling, or dealing to the final payoffs. All of it is controlled by highly advanced software developed to deliver the same level of excitement as in a physical casino, for players of all levels and experience.
Factors driven by technology that have helped drive the online gaming market include:
- Accessibility/availability of gambling sites,
- Convenience/usability of games,
Greater variety of games,
- Increased multiplayer live gaming,
- High-speed broadband (especially mobile networks)
- Security
Of course, licensing by appropriate authorities to ensure ensuring safety in the operations of the industry. Software is developed to help operators detect scams or illegal activities that many associate with online gaming.
Blockchain is another recent technology driving growth because of its ability to ensure security ans transparency. Indeed, countless new online casinos have popped up this year alone promoting blockchain-based games that offer new levels of verifiably fair gambling – one of the key benefits of this new technology. It means gamblers can be 100% certain that the odds on offer are set in stone, with no risk or outside manipulation. The systems are automated on the blockchain ensuring that all transactions can be inspected and verified, regardless of there players choose to participate from – one of the huge benefits of online gaming.
