The online gambling market is snowballing. Statistics by Globenewswire show that the global online gambling industry was valued at $58.2 billion in 2021 and is estimated to reach $145.6 billion in 2030, more than doubling its revenue in only nine years. This growth has been fueled by technological innovations that have set the pace for online casinos. Australian operators have also tapped into this, giving their players top-notch services such as good customer service, updated gaming libraries, $300 free chip bonus in Australia, navigable websites, and many more.
This article will discuss the technological trends that have made this growth rate possible, how it influences their services, and how it shapes the future of online gambling in Australia and worldwide.
Online Casinos in Australia
Online casino gaming isn’t strictly legal in Australia. In the 1990s, the Australian government approved casino gambling activities. In fact, the authorities introduced lottery systems to its residents in the 1920s (of course, it was an attempt to gain revenue). However, the government’s approach to wagering on casino games changed in 2001 (the period of online casinos’ emergence due to technological booms) when they passed the Interactive Gambling Act (IGA).
The IGA Act prohibited operators from offering real money games to customers that were physically present in the country. This Act camped casino gambling operators in Australia, but the case was different with players. You could play outside the country, but Australian operators aren’t allowed to offer these services.
The Online Gambling of the Now
Online casinos are at an all-time high in Australia. The industry has evolved from classic services to offering players more than just casino games. They’ve achieved this through game development using technological innovations like virtual and augmented reality to improve games like online slots, blackjack, and many others to suit players. It doesn’t just end with the games.
They’ve also improved their customer support services to ensure casino players can reach them anytime. This has strengthened the trust relationship between gambling platforms and their players, which leads to more customer acquisition and retention. Perhaps, this explains the financial growth of the industry.
Top 5 Gambling Innovations in Online Casinos
Technological innovations have helped the online casino gambling world to offer punters the best online casino services. These innovations are:
- Live streaming
- Cloud gaming
- Advanced payment options
- Mobile casino gambling
- Artificial intelligence
Live Game Streaming
Online casinos in Australia used to be about playing against a computer. While it boasted top-notch technological accessories, it lacked the human part of gambling that land-based houses offered gamblers. With online platforms, you couldn’t possibly experience your dealer settling the game’s mood or the live process of the round you’re playing. Live game streaming changes that.
Live dealer games merge the online world with real-time gaming. It brings players past the norms of Random Number Generators to experience a human dealer without leaving their homes. With live gaming, you can watch your dealer shuffle and deal the cards while conversing with the other players on the virtual table. This makes gambling more accessible and exciting to try.
Cloud gaming is a service that operates video games on servers, where you can stream them directly to your phone without downloading them. Initially, this was majorly a stress relief for mobile gamers with insufficient storage space due to the large storage spaces games take. Now, it’s evolved into something more.
Cloud gaming now benefits the online gambling industry in many ways. It helps the quality sites distinguish themselves from the common sites you’ll find anywhere. For instance, cloud computing eliminates border restrictions through VPN technologies that allow gamers to access and play games regardless of their countries’ restrictions.
Casinos in Australia that subscribe to cloud computing can also prevent data loss. Here’s how it works, cloud services automatically backs-up and protects data uploaded to its servers. This means that if a casino or player happened to lose their data to security threats, they could quickly recover them back. It also extends to your game. Cloud computing has your back if you were playing real money titles and got logged out for some reason.
Advanced Payment Options
Technology sometimes serves as a connection system between industries. This is evident in the finance sector’s affiliation with online gambling. Gambling is a transactional activity that often involves depositing and withdrawing money unless you are playing some free slot games. This means that it needs to keep its financial game at the top. Hence, their constant update with the financial world.
Every online gaming platform should have payment options, but only the best online casino offers advanced payment methods. In the past, Australian players had to settle for bank transfers that took time to process their money, resulting in delayed withdrawals. Online platforms now offer payment options that get the job done faster.
There are credit and debit cards and e-wallets like PayPal, Paysafecard, Neteller, and Skrill. You can also access prepaid cards like EcoPayz, and bank wire transfers. These methods have several operators that provide their services to sites and players, and technology lets you pick from any of them.
The easy access to smartphones in Australia and worldwide opened a doorway for the online gambling industry. In the recent past, operators only offered games that could be played through PCs and other gaming accessories, and while players with mobile phones could access these games, they just weren’t in the best condition. There was the issue of reduced graphics display, mobile-hating web designs, and sometimes, lack of specific casino bonus offers like the no deposit bonus.
Mobile casino gambling in Australia changed the narrative. Now, with game developers optimising titles to suit mobile phones, the online gambling market has opened its doors to another sector with millions of target audiences and prospects. This has boosted their revenue significantly, as Market Research Future reports that the global mobile gambling revenue is estimated to reach $154.81 billion by 2030.
However, the juicy advantage is that mobile gamblers can now enjoy premium titles specific to them, like mobile slots, with generous free spins and top-notch game graphics and audio quality, making it a win-win for everyone.
Artificial Intelligence (AI)
Artificial intelligence is an optimised technological innovation that designs machines to think, interact, and respond as a human would. A perfect example of this innovation is chatbots. Online casinos in Australia have utilised chatbots in customer service to give their customers fast responses, quality customer interaction, and an available problem-solver. It also takes the workload off customer service teams as AI can answer customers’ general questions that might hinder a human team member from completing other tasks.
Table showing some online casino gambling technologies and when they were introduced.
|Technological Innovations||Period of Introduction|
|Live Game Streaming||1990s|
The Future of Online Casinos
The online casino industry evolves with technology. Technological growth influences the services of this market through optimization, development, and production of updated trends to give players an enhanced experience.
Technology will heavily reflect on the future of online casino gaming in Australia and globally. Already, it’s what sets the online gambling market apart from its land-based counterpart. Looking at the technological growth of the online gambling market, these are the future trends that will shape the industry:
- Smartwatch gambling. Smartwatch casino gaming is still a relatively new innovation, but after its full implementation, it will allow players to gamble on their smartwatches. You can visit casinos, play games, and even withdraw your winnings through smartwatch casino games. Of course, its games aren’t well-optimised yet, and there are still complaints about gambling on a small screen.
- Many online casino gaming platforms already offer crypto payments, but there might be more. Cryptocurrencies give sites and players the liberty and freedom other finance platforms haven’t achieved. This includes privacy, independence from third parties, eliminating location barriers, and much more.
What Makes a Great Online Casino?
The constituents of the best online casino platforms are numerous. The major determinants include:
- Website design
A site’s credibility is vital to savvy casino gamblers. There are several casinos on the internet with no authority regulating them. They’re the ones you should avoid. Every standard gambling site should be regulated by at least one reputable gambling authority, like the UK Gambling Commission, Malta Gaming Authority, or the Curacao Gaming Commission, to ensure safe and fair practices.
Casino platforms that don’t have these bodies regulating them are either knock-off sites with nothing to offer you or out to steal your money. If you’re gambling in Australia, you might be sceptical about signing up with online casinos, especially the new ones you aren’t familiar with. However, you can visit a platform like slotozilla.com/au to discover the best new gambling portals in the country that ensures credibility, offers top security, fair bonus terms, and guarantees a swift payout.
Website design is what simplifies your customer experience on any site. You should only consider the best payout online casino that offers easy website navigation to find the games you want to play. Also, if you’re the kind of person that pays attention to details, you should check the colour combination of the site.
The purpose of online casino gambling platforms is to offer the best games that players can access conveniently. You should only consider sites with a beaming game library to give yourself a premium gaming experience. While a below-par game library doesn’t take anything away from the site’s credibility, it makes playing there less entertaining since you won’t be able to play all the titles you’d like to.
Casino bonus offers are also essential. Bonuses are an appealing factor a real money casino will use to attract its players. Due to this, many platforms offer these incentives that range from a no deposit bonus to welcome benefits that might include free plays and bonus matches. You can window shop several dollar deposit casinos to know the ones that’ll offer rewards that will make your gambling experience exciting.
Things You Shouldn’t Do at an Online Casino
While many people gamble, most punters don’t know what to avoid on an online gambling site. This is a list of the don’ts that every online gambler should know:
- Don’t settle for the first site you see. There are varieties online, with better offers like an increased no deposit bonus that you can utilise.
- Don’t play just the classics. Game varieties are what differentiate online platforms from land-based ones. You should experiment with varieties of games online to get the whole experience of online gaming.
- Don’t gamble all your money away. Well, this one has heavy consequences like bankruptcy and suspected addiction.
- Don’t play for hours. Gambling in your home means sitting in a position for hours, which is almost the same as lounging around watching TV. You can fill half of that time with something productive.
- Don’t play games while drunk. You might make irreversible financial mistakes.
Technological innovations have shaped many parts of the online casino business, from services and web navigation to improved game display that smoothens and spices up your gaming experience. And while it might seem like the industry is at its peak, there are probably more improvements to be added to their services soon. As a gambler, you can only look forward to the magic the future holds.