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The gambling industry is experiencing such a rapid market growth that it’s expected to be worth $73.45 billion come 2024. Sports betting is no different. And this is mainly due to digital technology integrated into the betting industry. As technology advances and evolves, so would the way people bet online.

Technologies that are changing the betting industry

Improved internet connection and security

As more reliable broadband is offered, widespread secure connection enabled the betting industry to roll out high-class casinos style experiences. 

Clients have better playing experiences, gaining their trust and helping spread the word. The result is a betting industry that has developed extensively online.

Many sports betting companies are now investing heavily in better internet connection and extremely secure website. With a reputation contingent to the integrity of their websites, you can be sure that the money you bet and information you share on BetNow Sportsbook and similar websites will be safe from a possible breach.

Advancement in mobile technology

If not for mobile technology, sports betting would not have made it into mainstream media. The ability to play anytime, at any place, and across a variety of sporting fixtures has revolutionized sports betting.

With a mobile device on hand and internet connection on the go, you may need to set a schedule for sports betting or it’s going to consume your entire day. 

Because of mobile tech, casual slot players have now transitioned to in-play sports betting seamlessly. Combined with high-quality performance smartphones, and online betting is sure to grow at a faster rate.

What is even better is that mobile devices consume less power than desktop computers and laptops. It’s win-win situation. 

More mobile apps

With more people using mobile devices, sports betting has also evolved into their mobile versions. With many mobile apps available, you can play and place your bet while on the move.

All you need to do is to create an account, make an initial deposit, and then start playing your favorite casino games or bet live on every play game.

What is even better is that most developers of mobile games have made sure that using the mobile app is simple, probably a lot simpler than using the web interface. 

They also come with several features such as in-play betting on sporting events and spreads and totals adjusted throughout the game.

Introduction to VR/AR

With virtual reality and augmented reality making their way to computers and other technologies, it's not a surprise that many casinos are experimenting with them too.

It may be a fairly new technology in the industry but there are already prototypes of VR casinos in the works. With this technology, you enter a casino, move around, play different games like you would if you were in an actual casino.

The only difference is that you’ll be spared from the smoke, noise, and the crowd. You won't need to dress up either.

Use of Bitcoin and the blockchain

Bitcoin may not be as popular now as they were before, but during its heyday it was accepted as a payment method by many casinos. In fact, it was the gambling industry that first followed the technology. 

And with more cryptocurrencies transferring to decentralized technology, anonymity, fairness, privacy, and security are better enhanced.

Many new altcoins are also being created particularly for casino use.

Fast payment methods

Thanks to PayPal and similar payment methods, people from across the globe can deposit and withdraw money easily and securely from online casinos and betting platforms.

This gives players a lot more freedom to explore different betting platforms and online casinos in different parts of the world. If someone lives in a country where live betting is not allowed, they can always play online. There are many ways to hide online activities from watchful eyes, after all.

Moreover, many online betting platforms grade wagers and credit player accounts in real time. 

Guaranteed fair play

These days, everything is much more transparent, and players will know how much the average RTP is before they play a game. The same is true with the average house edge in casino games. 

The rules are also laid out and clearly presented for players. Any form of cheating or a similar behavior perpetuated by the casino or a player is prevented with the use of complex and sophisticated algorithms.

With these technologies and other upcoming advancements, the betting industry will only go up and experience massive growth. There may be glitches along the way but nothing like a few tweaks can’t fix. 

 Watch out for digital advancements in betting as time goes. 


What Are the Latest Tech in the Betting Industry
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