How Virtual Reality Has Impacted the Gambling Industry

July 7, 2020 Posted in News by No Comments

The investment in the Virtual Reality industry reached its peak in 2016.

More specifically, $2.3 million were devoted to its development in one year.

Many world-recognized companies such as Google, Samsung, and Sony made their contribution to the development of VR.

For example, Samsung made $4.51 million from the sale of VR headsets.

Most of which were used from the good old PCs, whereas the rest of the headsets were used for mobile phones and consoles.

The estimations for 2021 are over $50 billion from the sale of hardware parts, such as VR headsets, peripherals, and 360º cameras.

Thus, the industry is expanding and will generate more significant revenues in the future.

Developments in the Gambling Industry

Gambling developers have always been dedicated to enhancing the player experience.

Good examples are online casinos.

a view on virtual reality casino room

To be more specific, two decades ago, gambling developers were focused on delivering high-end casino services to people’s homes.

In the beginning, the quality of online casinos was terrifying.

Players faced low-quality graphics and minimal settings card games.

Yet, as time went by, the developers found new ways to add to the design and quality of online gambling games.

Today, these websites offer the best sounds and images.

Thus, players can enjoy a deeply engaging experience.

Virtual Reality in the Gambling Industry

The next big step after the online casinos was virtual reality.

Like most other productions, the gambling industry incorporated VR in its efforts as well.

The industry has already offered superior features, such as live games where players can engage with a real dealer.

Additionally, gambling websites offer communication opportunities, such as live chats and talking through headsets.

What VR has done is add to the existing, well-build gambling foundation.

Yet, it managed to change the overall perspective and expectations of the players.

Gamblers are no longer satisfied with the impersonal experience.

They no longer want to sit in front of a TV or a computer and tap their hands to control the game.

Once they have felt the connection with the game and its characters, the dealers, and other players, they are no longer content with the basics.

poker chips coming out of a computer screen

As mentioned before, the VR industry is still developing.

The hardware parts are getting upgrades, now offering high-resolution headsets.

The content and quality of the game available to players are also superior in comparison to other gambling possibilities.

In a way, virtual reality has presented a more fluid approach to gambling.

That’s why it is beloved by players all around the world.

Pros and Cons of VR Casinos

There are two sides to each story, so it is important to consider the advantages, as well as disadvantages of VR in the gambling world.

VR casinos incorporate an awesome social aspect.

What is more, they can save you the time of going to a land-based casino.

Yet, as a player, you will experience the same benefits as you would in an actual gambling establishment.

Lastly, VR casinos offer a huge diversity of games, such as slots, blackjack, and other table games.

On the other hand, VR casinos may be quite costly.

As a player, you need to fulfill some technological requirements, such as using a powerful device and VR goggles.

Additionally, VR casinos may be extremely addictive.

You may lose track of time and money.

So, make sure to predetermine your budget before you enter this new and engaging world of gambling.