The iGaming news wires are full of reports covering new online casinos opening across all continents at a record pace, multi-million Dollar/Euro jackpot wins, and record numbers of mobile and/or cryptocurrency gaming.
It goes without saying that as technology evolves, the faster tech firms are able to bring new ways to play at online casinos to the table. New solutions speed up the implementation of casino games, how quickly a software provider releases a game, mobile gambling, and payment systems. Many of the long-winded arduous tasks of the past are now streamlined into efficient and fast implemented solutions without all the hassle. It is this evolution in technology that is helping so many new online gambling websites open for business on the World Wide Web
Below we investigate how new technologies in iGaming are taking the industry into the future including how so many new online casinos US has to offer are able to hit the World Wide Web, why record jackpot payouts online are happening, and how new casino game developers are able to penetrate the highly competitive iGaming market.
Casino Aggregator (Out of the box online casino solutions)
A casino aggregator is in effect a pre-built online casino ready to go. You may have heard of Shopify, a pre-built Ecomm store you can brand, or Wix website builders that give you a pre-built platform. Online casino aggregation platforms are the same thing. An operator/company that wants to open an online casino may not want to hire developers, coders, and go through the hassle of setting up a customer support team, payment systems, or apply for an eGaming license.
Instead, companies LeoVegas and Aspire Global are able to help up-and-coming markets, such as in the USA, by offering an out of the box online casinos with full IT support, bonus programs, payment systems, and what’s more, casino games from top online casino software providers. This is one of the reasons online casinos are now thriving in the USA.
All the operator needs to do is form a partnership agreement with the casino aggregator platform provider, choose the games, currencies, languages, and on. Go through the licensing due diligence via the aggregator solutions service and then they have a white label online casino ready to brand. It’s a very quick process and one of the reasons so many new online casinos are hitting the WWW today.
Linked Progressive Jackpot Technology (Pooled Jackpot Networks)
A simple but very impressive piece of tech right now is the ability to link multiple jackpot slots and other casino games to a central jackpot. Microgaming is the most successful iGaming company to have mastered the pooled progressive jackpot network judged via its record €19.4 million payout via its Mega Moolah network, while there was also a €17 million payout on its WoWPot network. Playtech is another brand that has a successful pooled jackpot set up via its Age of the Gods System. Also, Red Tiger has an hourly, daily, and big jackpot system paying out smaller wins more regularly.
The Inevitable Shift into Online Gambling in the Metaverse & Cryptocurrency
Who really knows what the Metaverse is? Probably the best way to get an idea is to watch the ‘Matrix’, or better still ‘Ready Player One’. Soon enough VR headsets will become the norm for entertainment, and big companies already know this. For example, Atari already has VR casinos while Facebook is busy creating/investing in its Metaverse. This will then lead to huge virtual casinos and even virtual casino cities double the size of Vegas. Forget live dealer gaming via a webcam, you’ll be able to play live casino games using VR with a real-life dealer or croupier hosting the games. And how will we all pay for this? The most obvious answer is cryptocurrency, which is already very popular.
Casino Game Developer Partnerships & Delivery Systems
One of the best ways to spread brand awareness for new up-and-coming software providers is to get onboard with an already established game developer. For example, Yggdrasil (the IGA 2021 Slot Provider of the Year) not only produces online slots but also offers delivery systems for other software providers, casino aggregators, and online casino platforms via the Yggdrasil Propositions & Programs options. Smaller brands can use Yggdrasil’s reach across the iGaming sphere and launch their game via Yggdrasil’s platform.
Some of the brands currently doing this include Reflex Gaming, 4ThePlayer, Reel Play, Gamevy, Jade Rabbit and more. We also see the same thing happening with Microgaming which currently works with partner studios such as Just For The Win, Northern Lights (also on Yggdrasil), Triple Edge Studios, Gameburger, and more.
Weighing Up the Future for iGaming?
Right now, we are seeing new reel mechanics on video slots, live casino games via web cams, crypto betting, and a huge rise in mobile smartphone and tablet casino gaming. The industry’s technology is also so well defined now, we are seeing a record number of new online casino brands and operators. In some countries like Europe, the market is still rising, but also becoming saturated as technology is making short work of some of the previous barriers to entry into the iGaming industry. However, market saturation is not a big deal right now because where this will all eventually lead is into a brand-new arena for iGaming, and that is the inevitable introduction of the Metaverse, which will be the new big shift since smartphones came along.