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Can VR Change the Online Gambling Industry?

Virtual reality technology is already being employed in online gaming to provide a more immersive experience for players and the gambling industry has adopted the technology as well, though in small doses. But can VR make enough of an impact to change the online gambling industry?

First, it is necessary to understand why people gamble in the first place and what has made online gambling so successful. Experts assert that the goal of any casino, whether online or offline, is to keep players immersed in the games for as long as possible. Clearly, this would translate to higher profits for the casinos, but what keeps players trudging on even as only a negligible number will end up making big wins? It’s the rush they feel. Players may think they’re in for the money but ultimately, they keep going back because of the rush that comes with the act of gambling itself.

Online casinos capitalize on this and have made games even more attractive and rewarding with their alluring graphics, limitless options, and generous bonuses. As online PayPal casinos become more popular because they present a trustworthy alternative for those who gamble online, players have even more excuses to play online casino games. With total revenues generated by online casinos estimated to be about $29.3 billion in 2010, it is easy to see that the industry has seen exponential growth since 1996 when the first online casino was launched, and it is not slowing down anytime soon.

There are hundreds of thousands of online casino games to choose from and the competition has become intense between online casinos, each struggling to outdo the others. This sort of competition is good as it translates to better value for players. For instance, gamblers are able to access more secure gameplay by finding options such as PayPal casino sites through paypal-casinos.co. As the creators of this initiative have tapped into the need for players to secure their financial information, so can VR change the online gambling industry with its potential to create a more immersive experience for players by capitalizing on the “rush” they feel when playing.

Looking at a game like roulette, while many play the virtual options, more are drifting towards the more authentic online experience they get when they opt for live action games. Developers have recognized that the element of realness is crucial and have turned to the only technology capable of creating that experience for players. For instance, the VR Roulette game that uses Leap Motion 3D and Oculus Rift controllers have already won the Global Gaming Awards title for the Digital Product of the Year. The game makes players feel like they were in a real casino by allowing them to move around a virtual table and riffle chips.

Studies show that online wagers will rise due to the number of players who will be able to play casino games using VR, resulting in the VR gambling industry seeing up to 800% growth by 2021. VR gambling can be expected to attract younger players who are accustomed to using the technology when playing video games. What’s more, players may not have to deal with nausea typically associated with VR technology since they wouldn’t have to move around much in order to play.

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Author

John Taylor

I am a AR/VR geek and darned proud of it. Sometimes I swear, and sometimes the editor will sensor it. But, it is all good. You can rest assured I will provide honest reviews and opinions. Rock on!

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