Gambling is a $240 billion industry, and the numbers are growing. For example, bookmakers alone raised payouts by 20% in 2017; Pinnacle alone took over 10% of all online sports betting in the UK; online gambling revenues increased from $87 million to $124 million within a single year. With that said, what does the future of gambling look like? The answer is complex and nuanced.

There are many factors involved in any business or industry, particularly in an industry like gambling. Gambling is a risky and expensive endeavour. Learn more about Trueflip Canada gambling experience to become a professional player in this evolving market.  However, only those who see past the current shortcomings invest wisely. In this article, we explore the future of gambling.

The Rise of the AI Casino Host

The casino host is one of the most iconic casino jobs. It’s one that involves entertaining a large group of guests, encouraging them to spend, and having the social skills to diffuse any tricky situations. The host is the face of the casino, and they are the go-to person when guests have questions or requests they need to make. The host role is great, but it isn’t one that will last forever.

The rise of artificial intelligence means that the host role is unlikely to survive. AI casino hosts are already being used in Asia, and they will spread to the rest of the world soon. The host is likely to become an increasingly vital part of the casino experience for decades to come. However, when the AI takes over, the host will likely be the first job to become obsolete. This means that those who want to work as a host in the future should do so soon, or they may be left jobless.

Video Games: The New Gaming Platform

As anyone who has ever played Fortnite knows, video games are more popular than they have ever been. They are also more commercially viable than they have ever been, thanks to the rise of eSports. Esports — competitive video game tournaments — draw in millions of viewers and have huge cash prizes. Fortnite alone has a $100 million prize pool, and the numbers are increasing each year.

Video games are increasingly designed to be played as a real-world sport. Teams and tournaments can be held outside the game, and contestants can earn real prizes for their digital skills. As such, gambling on eSports is a growing market. If a game is popular enough, then there will be a market for gambling on it. This means that eSports have the potential to become one of the biggest gambling markets in the world.

It is also a market that could be more profitable than ever thanks to the rise of video game streaming. Twitch, YouTube, and other streaming services have created a market for video gaming as a spectator sport. This has increased the popularity of video games and means that there are more potential gamblers than ever before.

Diversification into eSports and Music Festivals

The Premier League, Champions League, and other major sporting events take place during the fall and winter. However, the rest of the year is usually slow for bookmakers and casinos. As such, many are looking to diversify into music and other events that occur during the summer. Esports and music festivals make for great entertainment, and many gamblers enjoy them as well.

Esports and music festivals are already growing in size and popularity, but they could see even greater numbers shortly. The rise of virtual reality is likely to be a major factor here. VR headsets are becoming cheaper, more advanced, and more widely available. This means that more fans will be able to enjoy VR concerts and events that allow them to experience the events as if they were there. VR is also likely to become much easier to stream and share online. This will make it easier than ever before to watch events online, which could help them become more popular and lucrative.

Virtual Reality is the Biggest Thing Since Online Casinos

Online casinos have been incredibly popular since they first appeared. However, they have always had a flaw — they have always been a solitary activity. Players have been able to enjoy themselves, but they have not been able to interact with others. VR could change this. VR headsets could allow players to interact with others in a virtual casino.

Gamblers are social creatures who enjoy social interaction. VR has the potential to allow people to gamble in a way that has never been possible before. This could make VR casinos the biggest thing since online casinos were first created. Many VR casino platforms are already in development. The technology is there, and it is improving rapidly. It could take just a few years for VR casinos to become an industry standard.

Conclusion

The future of gambling is likely to be exciting thanks to developments in artificial intelligence, esports, and VR. It will be a more solitary, engaging experience for many players, but it will also be more social for those who wish to interact with others online. $240 billion is a lot of money, and the industry is only going to grow in the future.