Latest News
Modern technologies impacting the gambling industry
Modern technologies have ushered the gambling industry into a new era. This new era seems bright and sharp for the present and future generations of players. Several limitations like long loading time, few payment options, low security, low privacy, short numbers of games, gambling addiction, and connectivity issues are gradually fading off, thanks to the advancement of technology. Many casino sites and players are grateful and pleased with the impact of modern technologies on the gambling industry. There’s no better time to be a player than now.
This article will highlight modern technologies impacting the gambling industry.
Four Modern technologies Impacting the gambling industry
Modern technology has renovated many sports and the gambling industry. Here are four modern technologies affecting the gambling industry:
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5G Network
The fifth-generation (5G) network is making waves in the gambling industry. Despite the controversies and misconceptions associated with the 5G network, many casinos and players embrace it because of its positive effects on the gambling industry. The 5G is a global wireless network that uses higher radio frequencies or spectrum to transmit information. The 5G network eliminates connectivity problems and improves players’ gambling experience. With a 5G network, punters can easily play any game online at the fastest network speed.
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Blockchain Technology
Blockchain Technology is a decentralized, peer-to-peer network of several databases or chains. This legal tender has significantly changed the gambling industry. Many online casinos adopt blockchain technology because of Its enhanced security, immutability, decentralized nature, and consensus algorithms. Blockchain technology provides players with secure, private, fast, and smooth transactions. Bitcoin, Ethereum, Dogecoin, Ripple, Bitcoin Cash, Monero, and Dash are popular cryptocurrencies accepted by some online casinos.
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AI Technology
AI Technology involves programming machines to display traits such as problem-solving and learning. AI Technology is created to mimic human intelligence. Despite its poor acceptance, AI technology is transforming the gambling industry. With AI technology’s advanced bot, an online casino can communicate with players. AI technology also helps to catch gambling addictions by accumulating data related to absurd behaviors.
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Virtual Reality and Augmented Reality technologies
Virtual Reality (VR) and Augmented Reality (AR) are technologies altering the gambling industry. Virtual Reality (VR) teleports players into a virtual world. To experience the new world, players must put on VR headsets. Augmented Reality adds real-life stimulation to a virtual world. Since these technologies are relatively new and still in their developmental stage, only a few online casinos provide VR games. Still, In 2017, the Virtual Reality market was worth over $5 billion. The VR market is expected to reach $77 billion by 2025. Therefore, VR and AR technology is interesting and profitable for the future of gambling.
Conclusion
The gambling industry is estimated to grow by over 92.9 billion USD in 2023. The advancement of technology is a major factor affecting the growth and development of the gambling industry. As more people increasingly accept technological devices such as smartphones or computers, the industry will continue growing. The 5G network, AI technology, Blockchain technology, Virtual Reality, and Augmented Reality technology are the forerunners of the transformation of the gambling industry.
Latest News
7-Eleven selects Jackpot.com as their official lottery partner
Online Lottery Courier Service Jackpot.com Announces Exclusive Collaboration with 7-Eleven, Inc.
Jackpot.com will serve as the official lottery courier service of 7-Eleven, Inc., initially launching in Ohio and Massachusetts
Jackpot.com – the online lottery courier service that allows consumers to purchase official state lottery tickets on their phone, tablet, or computer – announced today an exclusive collaboration with 7-Eleven Inc., the largest convenience store chain in the world, to serve as their official lottery courier service.
As part of the collaboration, 7-Eleven customers in Ohio and Massachusetts will be able to sign up and play lottery games and scratchers on the Jackpot.com app or website. The program will initially be launched in over 600 7-Eleven and Speedway stores in Ohio and Massachusetts, with a special launch promotion that gives 7-Eleven customers a free lottery ticket on their first deposit by using promo code, “7Eleven”.
“We’re thrilled to work with 7-Eleven, the leading retailer of lottery tickets in the country,” said Akshay Khanna, CEO and co-founder of Jackpot.com. “Leveraging our technology and innovation, we can provide additional convenience for their customers, while adding an additional source of revenue. A true win-win relationship for all.”
By launching in Ohio and Massachusetts in 2023 and 2024, respectively, Jackpot.com aims at adding another avenue for player convenience with one of the most widely recognized brands in the convenience-retailing space. With a presence in Ohio, the nation’s seventh-largest lottery market, and Massachusetts, whose state lottery produced $1.2 billion in net profit for the Commonwealth during the 2024 fiscal year, Jackpot.com’s collaboration with 7-Eleven represents an added layer of accessibility for players.
Jackpot.com remains committed to responsible play and has significantly invested in protocols by allowing customers of legal age to set spend limits and limits on daily deposits, all while providing access to local and national responsible gambling resources, self-exclusion, self-suspension and automated notifications that offer help should problematic behavior be detected. Jackpot.com is also the only lottery courier service to launch with an iCap certification from the National Council on Problem Gambling.
To learn more, visit jackpot.com. First-time users can also download the official Jackpot.com Lottery App on the iOS or Android App Stores, where available.
eSports
The World Esports Summit 2024 Is Here!
The IESF World Esports Summit returns this December to Busan, South Korea. Hosted at the Busan Esports Arena (BRENA) from December 5-6, the Summit will bring together prominent figures from Esports, global brands, government officials, and sports executives for a deep dive into the current Esports trends, its rapid transformations, and future challenges.
This year’s theme, “Building Bridges, Not Barriers, Through the Power of Esports,” will highlight the role of Esports in uniting cultures, ideas, and industries. Under the slogan “We Empower Success,” the
Summit provides a great platform for Esports experts to engage in meaningful discussions and sessions, sharing their insights on trends and presenting forward-looking ideas for our industry.
The event, strategically timed at the close of the competitive season, presents a perfect environment for reflection on the year’s biggest events, industry shifts, and the next steps for Esports. Attendees can follow the expert’s perspectives on topics like:
- (R)Evolution in Esports
- East Meets West
- Esports Integrity: The Role of Referees
- The Rise of International Esports Competitions
- (In Korean) Korea’s Secret Sauce etc.
Also, featured at this year’s event are the IESF World Esports Training Camp and the World Esports Referee Academy.
These are very important IESF programs that are aimed at advancing the skills and professional standards of the next generation of Esports leaders.
Join us in Busan for two days designed to inspire, connect, and empower the international Esports community.
Registration for the World Esports Summit is free and open to all interested attendees.
To register, please complete our online registration form: iesf.formstack.com/forms/wes2024_participation_registration
See you in Busan!
eSports
Akhil Sarin CMO at Easygo named as key note at ICE Esports Conference
Clarion Gaming has confirmed that Akhil Sarin CMO at Easygo, the technology powerhouse behind the success of global brands Stake and Kick will headline the Esports & Games Conference (EGC) taking place on 21 January as part of the ICE Barcelona experience. As a key member of the executive team, Akhil Sarin has been instrumental in securing the high-profile partnerships that have accelerated Stake’s growth, including the Stake F1 team, UFC, Drake, and Premier League Everton FC.
Through these strategic alliances he has amplified Stake’s brand presence at the same time as creating unique, immersive player experiences, in the process setting new industry benchmarks.
Announcing the high profile speaker Will Harding, Head of Esports at Clarion Gaming said: “Securing Akhil Sarin as EGC key note at ICE Barcelona represents a remarkable opportunity for our attendees to gain invaluable insight into cutting-edge strategies in digital and influencer marketing .
“Akhil’s expertise with Stake and Kick.com embodies the forward-thinking, innovative approach that defines the digital marketing landscapes. His participation underscores the calibre of knowledge-sharing that we are committed to delivering at ICE and he is sure to both inspire our attendees and elevate their strategic perspective.”
Looking ahead to ICE Barcelona, Akhil Sarin stated: “Collaborating with Clarion Gaming at ICE Barcelona is an exciting opportunity to showcase Stake’s journey and continued focus on bold partnerships and creative marketing strategies that resonate with audiences.”
He added “The EGC is a vital platform for exchanging transformative ideas and shaping the future of gaming and entertainment. I look forward to discussing Stake’s vision and collaborating with industry leaders to inspire growth and innovation across the sector.”
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