One of the biggest changes to the casino industry over the past decade has been the shift away from brick-and-mortar casinos. While this may not be a change for some, it means that the industry is shifting towards online gambling platforms and, more specifically, slot machines.
There are several reasons why this is happening, including legislation that makes it easier to offer this form of gaming online, as well as the emergence of new technology. These two factors combined have made players more comfortable with giving up their money in exchange for a chance at winning.
This article explores these two aspects in more detail, as well as how other forms of online gaming are evolving too.
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The Rise of Online Gambling
Online gambling has existed since the early 1990s, but its popularity did not really take off until around 2013 when the first major social media platform (Facebook) allowed people to play games on their devices directly through the site’s mobile app.
Although there were already a few online gambling sites available back then, none of them offered many games or tools to make it easy for users to place bets. The introduction of Facebook Gaming changed everything.
Over the next couple of years, the number of people playing games on their smartphones grew steadily. In fact, according to Statista, in 2019, almost half of all Americans aged 18 to 24 used social media every day. This meant that they had access to a lot more games than before, which was good news for betting companies looking to bring their products to a wider audience.
By 2017, the popularity of social media led to an explosion in the number of people who were playing games on their phones. According to Statista, more than 10% of global internet users played games on their mobile devices within the same year.
As a result of all this activity, the total revenue generated by gamblers worldwide increased by about $8 billion between 2013 and 2018.
Growth continues to be steady, with the industry expected to generate around $100 billion in 2020 alone. It should also be noted that the majority of gamblers spend less than $30 per month, with the top-paying customers being aged 35 to 44.
In addition to these figures, Statista reports that the number of people using video slots in particular increased by around 40% during this time period. By 2021, the online casino market will be worth around $80 billion, with most of this figure coming from virtual sports betting.
The Rise of Slot Machines
While some people would still prefer to play real casino games in person, others now choose to play on slot machines instead. The growth in popularity of online gambling is one reason why slots are becoming so popular, but another factor that has contributed to this is the development of more advanced technology.
Slot machines have become much more sophisticated thanks to software innovations such as artificial intelligence, 3D graphics, and even augmented reality. Some of these features are only available in the latest models, while others can be found in older ones.
For example, some slot machines can detect the presence of a player and alter their gameplay accordingly. They may slow down, speed up, or give the player extra chances to win if he or she stops playing for some reason. Others allow you to bet on multiple lines at once, increasing your odds of winning.
Another innovation is the use of 3D graphics. Slot makers now include images and sounds that appear to move according to the position of a spinning wheel. Other machines use animations to help keep the experience entertaining, while some combine both kinds of effects.
These technological advances mean that slot machines are far more interactive than they were even five years ago. Many players have also reported that they feel more emotionally connected to the game after experiencing them in person.
It is also important to note that slot machines are now being manufactured to appeal to a wide variety of different tastes. For example, there are now “high class” versions that look like old-fashioned slot machines, while others come complete with modern design, lighting, and sound effects.
All of these developments have given players more control over their gameplay and the feeling that they are playing something authentic. At the same time, they have also improved the chances of winning, making them more appealing to potential customers.
New Technology Enables More Convenient Forms of Play
Another reason why more people want to play slot machines online is because of the availability of new technologies that make it easier for them to do so. One advantage that the web has over traditional brick-and-mortar casinos is that it provides gamers with more flexibility.
Some people find it hard to sit in a noisy room full of strangers for hours at a time, especially if they don’t have family members nearby. If you live close to a casino, it might also be inconvenient to visit it regularly. But with the right types of online casinos, these problems can be overcome.
Not only does this mean that you can enjoy the thrills of live dealer and no-download games without having to leave home, but you can also play whenever and wherever you want. With the right kind of browser, you can even get started playing using your phone or tablet.
Online casinos are also convenient in other ways, such as allowing you to check your account balance, pay out winnings, and deposit funds quickly. All you need to do is login and start enjoying yourself. You don’t even have to worry about getting caught up in the excitement of the action.
Many online casinos also offer free trial periods where you can try out various games and see what works best for you. Other options include downloading the casino software onto your computer before you start playing, so that you can practice ahead of time.