The global gambling industry is experiencing unprecedented changes with more operators than ever and huge changes in games being brought to market.
The Australian market is one of the most exciting places in the world to be right now, and new online casinos for Australian players are looking for new ways to stay ahead of the game. There are significant challenges being faced in Australia’s gambling market, but there is also a huge potential for growth if the industry is well prepared.
Gambling in Australia Today
According to the Problem Gambling Website, Australia is one of the first countries that comes to mind when we think about gambling, with over 80% of the country’s population participating in at least one gambling activity. In Australia, there are over 4,700 lottery shops and over 6,800 clubs, pubs, and hotels that provide gambling services to people. The abundance of gaming establishments is most likely the primary reason why so many Australians gamble. Taking into account the true love of locals for gambling entertainment, it is no wonder that Australia was one of the first countries to enact gambling-friendly legislation. Therefore, Australian officials chose to adapt to new technology development, including internet casinos.
The majority of the money for the Australian government comes from online Australian pokies. These folks simply enjoy gambling. According to recent statistics, each country resident spends around $1,000 each year on gambling activities and considers it one of the ways to make profits online as a gambler. Their love for gambling has resulted in them being the world’s largest gambling losers. According to The New York Times, their gambling losses per adult are double those in the United States and 50% more than those in Singapore. The same can be confidently said about gambling wins in Australia.
Gambling in Australia in the Future
According to the Global Online Market Report, the gaming business will be valued at $112.09 billion by 2025. Many other forecasts, like KPMG, agree that gaming will have the most rapid increase in the nearest future. The gaming business is dominated by the Asia Pacific and Western European nations, but new entrants such as Australia are stepping up their attempts to get a piece of the action.
Technological advancements are moving at a staggering rate, and this is the case with gambling. Some technology-related shifts have led to an increased focus on digital products and innovations – from the way people engage with games to the way operators design their brands. This has a huge influence on how they interact with their users. While technology will always be a critical component of the Australian gambling market, how operators prepare for this change will be one of the biggest determinants of how much market share they will end up with. We know that new technologies will only help the Australian market grow in the future. The following are some of the technological advances that are expected to have a great impact on the Australian casino sector.
Virtual Reality (VR)
Virtual reality is a relatively new technology that has grown rapidly in recent years. It is now available on our cellphones as a result of gambling websites incorporating it into their platforms. VR has not only introduced immersive and interactive gambling but has also opened up many new opportunities. When playing online with a VR headset, you may enjoy a 360-degree panorama with your screen, simulating a genuine casino. Furthermore, the games have full HD visuals and music, ensuring a realistic gaming experience. If you are looking for a top-notch online gambling experience, then you should definitely check the top ratings at BestAuCasinosOnline – they have reviewed and rated some of the best Australian casinos for you.
With more VR headsets on the market, the need for VR-based gambling platforms is increasing. NetEnt, one of the most prominent software manufacturers, has demonstrated its readiness to accept this new technology. The company recently demonstrated its VR version of the Jack and the Beanstalk slot. This has undoubtedly accelerated the development of more VR games by other software developers.
Artificial Intelligence (AI)
Artificial intelligence is another emerging technology that will significantly impact the gaming business. The application of robots and chatbots by gaming sites is one of the ways AI is transforming online gambling. Many gambling websites now use robots to improve the player experience. Deepstack, the poker bot, for example, has used artificial intelligence and advanced programming to overcome seasoned poker professionals. It has learned the basics of the table game and suitably developed its approach without allowing emotions to affect it. As a result, it has avoided making illogical judgments that are common among human poker players.
Cryptocurrencies have swept the world and show no signs of slowing down. Although many individuals still wonder what digital money is, an increasing number of gaming companies are beginning to integrate them into their platforms. Thus, many online transactions are predicted to be conducted using cryptocurrency in the near future. The popular majority of players from Australia now prefer to make deposits and withdrawals at online casinos using Bitcoin, Litecoin, and Ethereum.
This is due to the numerous advantages that they are likely to receive.
Although some casino sites accept conventional methods of payment, such as credit cards, cryptocurrencies are progressively replacing them. Apart from providing complete anonymity, digital currencies have proven to be safe when gaming online. Furthermore, the improved anonymity provided by cryptocurrencies makes gamers feel at ease when utilizing them. On top of that, cryptocurrency is the preferred option for many gamblers and will remain dominant in the next years.