What will be the next big industry move?

[goldkingcoiner]

I expect that for the next years, gambling operators of both online casinos and brick and mortar casinos will be openly accepting Bitcoin bets. And not only that, the Lightning Network will definitely be utilized as well for a more convenient and generally smoother gambling experience.

It is also possibly a big thing in the next years that gamblers could already bet on blockchain game tournaments. For now, I cannot see odds on certain crypto matches. There will definitely be future tournaments on games built on blockchain and gamblers would be able to place their bets on certain teams and players.

Doubt that this will happen.

Most physical casinos are bound by really strict regulations that will likely not allow them to accept anonymous payment methods for AML purposes unless they are situated in a safe haven country.

There is much more value for mainstream online casinos/sportsbooks like Bet365 to accepting BTC though.

Perhaps it is more possible with the use of third party payment service providers. I guess a gambler in a brick and mortar casino could already swipe his Visa or Mastercard Bitcoin or crypto debit card. So it is also very possible that Bitcoin bets will be accepted in the near future but could also be processed in fiat first. So one could place bets in Bitcoin but the amounts to be registered in the casino books are in fiat value. The payout could also be made in Bitcoin.

Seems like a bunch of mental gymnastics and completely unnecessary. Also it ruins the entire point of crypto and Bitcoin, which is to make sure that no third party is ever needed or required. So from my point of view, you seem to be backtracking a bit...

Fiat itself is in the process of being phased out. The future won't have fiat and thats a good thing! No need to drag back old concepts and broken money systems into the new money system...

[AicecreaME]

I expect that for the next years, gambling operators of both online casinos and brick and mortar casinos will be openly accepting Bitcoin bets. And not only that, the Lightning Network will definitely be utilized as well for a more convenient and generally smoother gambling experience.

It is also possibly a big thing in the next years that gamblers could already bet on blockchain game tournaments. For now, I cannot see odds on certain crypto matches. There will definitely be future tournaments on games built on blockchain and gamblers would be able to place their bets on certain teams and players.

Doubt that this will happen.

Most physical casinos are bound by really strict regulations that will likely not allow them to accept anonymous payment methods for AML purposes unless they are situated in a safe haven country.

There is much more value for mainstream online casinos/sportsbooks like Bet365 to accepting BTC though.

Perhaps it is more possible with the use of third party payment service providers. I guess a gambler in a brick and mortar casino could already swipe his Visa or Mastercard Bitcoin or crypto debit card. So it is also very possible that Bitcoin bets will be accepted in the near future but could also be processed in fiat first. So one could place bets in Bitcoin but the amounts to be registered in the casino books are in fiat value. The payout could also be made in Bitcoin.

Seems like a bunch of mental gymnastics and completely unnecessary. Also it ruins the entire point of crypto and Bitcoin, which is to make sure that no third party is ever needed or required. So from my point of view, you seem to be backtracking a bit...

Fiat itself is in the process of being phased out. The future won't have fiat and thats a good thing! No need to drag back old concepts and broken money systems into the new money system...

I agree.

I don't like fiat either but still force on using it because we doesn't have a choice since the Government still uses it for corruption and of course manipulating the economy that leads to further conflicts like wars, etc... The future of gambling industry won't stick to the old style for sure because like us using fiat, they won't have a choice if fiat is gonna be phased out in the future, surely they will be force to adopt the latest form of payment which is cryptocurrency or electronic payment system.

[l3pox]

I think we'll keep seeing the growth of the gambling industry specially online with the general growth of internet use

lotteries will probably keep going as a trend as well, on the last day of 2021 we had the biggest earnings by a lottery in Brazil, 1.2 billion reais (around 210,417,600 USD) earned with a 350 million reais distributed as a prize (around 61,371,800 USD)
quite impressive!

[iv4n]

I think we'll keep seeing the growth of the gambling industry specially online with the general growth of internet use

lotteries will probably keep going as a trend as well, on the last day of 2021 we had the biggest earnings by a lottery in Brazil, 1.2 billion reais (around 210,417,600 USD) earned with a 350 million reais distributed as a prize (around 61,371,800 USD)
quite impressive!

I believe we all agree with the future of the gambling industry, it will grow more, and I agree especially online gambling... simply more and more people are connected, new generations are all about internet things! But what will be the next big move or the new game is something that is interesting to think about! I know I would like to see more PvP games... anyone remembers the Dragons Tale gambling game? I think something similar, of course with better graphics and more games would be awesome!

[mindrust]

Doubt that this will happen.

Most physical casinos are bound by really strict regulations that will likely not allow them to accept anonymous payment methods for AML purposes unless they are situated in a safe haven country.

There is much more value for mainstream online casinos/sportsbooks like Bet365 to accepting BTC though.

Perhaps it is more possible with the use of third party payment service providers. I guess a gambler in a brick and mortar casino could already swipe his Visa or Mastercard Bitcoin or crypto debit card. So it is also very possible that Bitcoin bets will be accepted in the near future but could also be processed in fiat first. So one could place bets in Bitcoin but the amounts to be registered in the casino books are in fiat value. The payout could also be made in Bitcoin.

That makes absolutely no sense.
If you are paying by a bitcoin visa/mastercard then gaming with these funds will already be in fiat and a middleman is simply handling the conversion process for you.
That has zero novelty when it comes to innovation because it can already be done everywhere.
The real innovation will be brick and mortar providers moving online and partnering with online casinos.

If I follow your logic, then you are still playing with FIAT even if you don't use any credit card companies in the process because the players mostly care about the dollar value of their winnings.

There are lots of people that buy bitcoin funds (like GBTC) on a stock exchange. Do you think these guys should buy the real thing? Why would they? The same price action that happens at spot also happens there.

[uneng]

I think we'll keep seeing the growth of the gambling industry specially online with the general growth of internet use

lotteries will probably keep going as a trend as well, on the last day of 2021 we had the biggest earnings by a lottery in Brazil, 1.2 billion reais (around 210,417,600 USD) earned with a 350 million reais distributed as a prize (around 61,371,800 USD)
quite impressive!

I believe we all agree with the future of the gambling industry, it will grow more, and I agree especially online gambling... simply more and more people are connected, new generations are all about internet things! But what will be the next big move or the new game is something that is interesting to think about! I know I would like to see more PvP games... anyone remembers the Dragons Tale gambling game? I think something similar, of course with better graphics and more games would be awesome!

It's probable you are correct on your prediction, because PvP games open the possibility of excluding the third parties from the competition, what means players don't have to pay taxes or fees to the platforms anymore.

On the other hand, PvP games even inside centralized casinos are still funny for many gamblers, because they can be played between friends and between competitive players who have the desire to overcome all their adversaries to reach top rankings. The excitement is much more intensive than when playing against a machine.

[Fundamentals Of]

Doubt that this will happen.

Most physical casinos are bound by really strict regulations that will likely not allow them to accept anonymous payment methods for AML purposes unless they are situated in a safe haven country.

There is much more value for mainstream online casinos/sportsbooks like Bet365 to accepting BTC though.

Perhaps it is more possible with the use of third party payment service providers. I guess a gambler in a brick and mortar casino could already swipe his Visa or Mastercard Bitcoin or crypto debit card. So it is also very possible that Bitcoin bets will be accepted in the near future but could also be processed in fiat first. So one could place bets in Bitcoin but the amounts to be registered in the casino books are in fiat value. The payout could also be made in Bitcoin.

That makes absolutely no sense.

If you are paying by a bitcoin visa/mastercard then gaming with these funds will already be in fiat and a middleman is simply handling the conversion process for you.

That has zero novelty when it comes to innovation because it can already be done everywhere.

The real innovation will be brick and mortar providers moving online and partnering with online casinos.

That may make no sense to you but that's what's happening right now. We can actually spend our crypto even in shopping centers that do not accept crypto. It is made possible by all these payment providers. So that could also be possible in casinos whether they are online or brick and mortar.

So probably in the near future Bitcoin bets could also be accepted but will go through third party payment providers for Bitcoin to fiat and vice versa conversions.

[Wexnident]

Online casino Boomed more because of Pandemic , people tend to gamble daily has no choice but to play thru online and now they love paying it.
But we do not know  what will change once the Corona Virus totally died if the Reality gamblers will return in their seats inside casino houses, or will remain in their Houses and plays using crypto.
But yes VR is a innovation of gambling business strategy and we knew that gamblers always tend to find new experience so indeed this VR gaming will soon boom .

Why not both? Honestly, I don't think online would die out even if the lockdown experience was to be completely removed. It just opened up a whole new idea for most players that they can well, gamble in their homes. Same could be said with offline, even if online exists I hardly doubt it would actually die out, they both have their own characteristics and both would have their own niche market. VR, if it is actually implemented properly, would take both characteristics into one, though that's still far off imo since replicating all senses in VR would still take time.

[Fortify]

Why not both? Honestly, I don't think online would die out even if the lockdown experience was to be completely removed. It just opened up a whole new idea for most players that they can well, gamble in their homes. Same could be said with offline, even if online exists I hardly doubt it would actually die out, they both have their own characteristics and both would have their own niche market. VR, if it is actually implemented properly, would take both characteristics into one, though that's still far off imo since replicating all senses in VR would still take time.

Both online and offline look like a booming business right now. However you'd think that, especially with the Covid situation, it has proved that many more people are able to work from home. That brings up a lot of opportunities for online businesses to capture new customers. On a different note, I expect we'll start to see a lot more electric-driven sports going on in future, which will feed into sports books. Eventually the combustion engine will be a thing of the past, it's going to be quiet eery watching E1 racing in near silence. I expect we'll also start to see more drone driven experiences, there are already competitions going on involving all kinds of drone racing and they will capture bigger audiences in future - it is a highly skilled game.

[l3pox]

<...>

I believe we all agree with the future of the gambling industry, it will grow more, and I agree especially online gambling... simply more and more people are connected, new generations are all about internet things! But what will be the next big move or the new game is something that is interesting to think about! I know I would like to see more PvP games... anyone remembers the Dragons Tale gambling game? I think something similar, of course with better graphics and more games would be awesome!

yes, it'll grow a lot

for games it's much harder to predict because the industry changes so fast
but I think the trend of play and earn will keep growing too and web 3.0 will be much more present for games
we'll see

[madnessteat]

^

I have no doubt that the development of cryptocurrencies and technologies such as the Internet and VR will give people a whole new level of entertainment. Naturally, they will be based on the usual entertainment, but in any case, they can bring a completely new experience for each person. Not all innovations will stay with us for many years, but it is one more step in perfection of online communication and entertainment. 

[hello_good_sir]

Online casino Boomed more because of Pandemic , people tend to gamble daily has no choice but to play thru online and now they love paying it.
But we do not know  what will change once the Corona Virus totally died if the Reality gamblers will return in their seats inside casino houses, or will remain in their Houses and plays using crypto.
But yes VR is a innovation of gambling business strategy and we knew that gamblers always tend to find new experience so indeed this VR gaming will soon boom .

Doubt it.

The whole idea of VR/metaverse gaming has been overhyped in my opinion.

The real innovation is going to come from mostly centralized sources and they are not going to be decentralized just because of how prohibitively high the fees are right now to make transactions on most blockchains.

Plus, do you really think that gamblers have the patience to set up their own wallet etc. and wait for transaction confirmations each time just to play?

[cafucafucafu]

<...>

I believe we all agree with the future of the gambling industry, it will grow more, and I agree especially online gambling... simply more and more people are connected, new generations are all about internet things! But what will be the next big move or the new game is something that is interesting to think about! I know I would like to see more PvP games... anyone remembers the Dragons Tale gambling game? I think something similar, of course with better graphics and more games would be awesome!

yes, it'll grow a lot

for games it's much harder to predict because the industry changes so fast
but I think the trend of play and earn will keep growing too and web 3.0 will be much more present for games
we'll see

I'm personally a very firm believer in Web3.0 and its ability to disrupt the casino industry.

I think that key players will either have to adapt to this new format of decentralized, immersive gaming, or face elimination from new competition.

We're already seeing live casino games take over from the traditional dice or blackjack games. But right now they are hosted by centralized third parties which make it impossible to ensure fairness apart from trusting the regulators - and using Web3.0 technologies we can both have great immersion and fairness.

[DoublerHunter]

^

I have no doubt that the development of cryptocurrencies and technologies such as the Internet and VR will give people a whole new level of entertainment. Naturally, they will be based on the usual entertainment, but in any case, they can bring a completely new experience for each person. Not all innovations will stay with us for many years, but it is one more step in perfection of online communication and entertainment. 

^ Definitely right, as a matter of fact, this innovation of internet communication is not for gambling only, there are too many usages using VR to look to be true using virtual reality gadgets. The Internet now is a part of the major necessities of the people, so I did not wonder it belongs to the innovation that people should be adopted. I love poker games which is very suitable if we can apply VR into it, it seems in reality that you have something to talk about in one room playing with other players. I think this is the next move that the most anticipated.

[Quidat]

^

I have no doubt that the development of cryptocurrencies and technologies such as the Internet and VR will give people a whole new level of entertainment. Naturally, they will be based on the usual entertainment, but in any case, they can bring a completely new experience for each person. Not all innovations will stay with us for many years, but it is one more step in perfection of online communication and entertainment. 

^ Definitely right, as a matter of fact, this innovation of internet communication is not for gambling only, there are too many usages using VR to look to be true using virtual reality gadgets. The Internet now is a part of the major necessities of the people, so I did not wonder it belongs to the innovation that people should be adopted. I love poker games which is very suitable if we can apply VR into it, it seems in reality that you have something to talk about in one room playing with other players. I think this is the next move that the most anticipated.

Any changes would really be much appreciated and we know that innovation is something that in progress as we do go ahead in future years which these changes or
innovations could possibly happen even though it is somewhat on the hard or near impossible part but since VR is already here or slowly developing then it wouldnt
be surprising if one day these things would be applied into various industries which isnt only limited on gambling industry but also in other applications as well.

[madnessteat]

Definitely right, as a matter of fact, this innovation of internet communication is not for gambling only, there are too many usages using VR to look to be true using virtual reality gadgets. The Internet now is a part of the major necessities of the people, so I did not wonder it belongs to the innovation that people should be adopted. I love poker games which is very suitable if we can apply VR into it, it seems in reality that you have something to talk about in one room playing with other players. I think this is the next move that the most anticipated.

On the one hand I like the way technology is developing, but on the other hand it scares me what it may eventually lead to. Many people are so caught up in the Internet that their real life has become so boring that they prefer to spend most of their free time online and frankly I think this is not the right way to develop humanity. Although on the other hand, each of us has the right to choose what to do.

[goldkingcoiner]

I agree.

I don't like fiat either but still force on using it because we doesn't have a choice since the Government still uses it for corruption and of course manipulating the economy that leads to further conflicts like wars, etc... The future of gambling industry won't stick to the old style for sure because like us using fiat, they won't have a choice if fiat is gonna be phased out in the future, surely they will be force to adopt the latest form of payment which is cryptocurrency or electronic payment system.

That is exactly correct. If anything the whole matter is not what or how but rather when. Its going to happen, sooner or later crypto will become the next generation of money. It really should have happened sooner, we have been using the current monetary systems for too long. They are outdated and have been so, ever since the age of internet came. I cannot say how much crypto will stop corruption and wars but it will definitely help!

[mv1986]

I agree.

I don't like fiat either but still force on using it because we doesn't have a choice since the Government still uses it for corruption and of course manipulating the economy that leads to further conflicts like wars, etc... The future of gambling industry won't stick to the old style for sure because like us using fiat, they won't have a choice if fiat is gonna be phased out in the future, surely they will be force to adopt the latest form of payment which is cryptocurrency or electronic payment system.

That is exactly correct. If anything the whole matter is not what or how but rather when. Its going to happen, sooner or later crypto will become the next generation of money. It really should have happened sooner, we have been using the current monetary systems for too long. They are outdated and have been so, ever since the age of internet came. I cannot say how much crypto will stop corruption and wars but it will definitely help!

An electronic payment system is the end game that more and more governments will now be aiming for surely. Take China as the craziest example and how quickly and massively they are setting up their payment infrastructure and what sorts of punishments they use for people who are not using Alipay or WeChat pay. In how far cryptocurrency can play a role if most governments really decided to prevent it from circulating, hard to tell.

https://www.bloomberg.com/news/articles/2021-09-23/china-s-casino-crackdown-part-of-bigger-quest-to-transform-macau

If Casinos are "incentivized" (in whatever way) to accept one currency over another, they will most likely do so. If they get punished extremely hard for accepting cryptocurrencies, they won't do it.

I guess we'll have to wait and see how things pan out over the next couple of years.

[AmoreJaz]

I agree.

I don't like fiat either but still force on using it because we doesn't have a choice since the Government still uses it for corruption and of course manipulating the economy that leads to further conflicts like wars, etc... The future of gambling industry won't stick to the old style for sure because like us using fiat, they won't have a choice if fiat is gonna be phased out in the future, surely they will be force to adopt the latest form of payment which is cryptocurrency or electronic payment system.

That is exactly correct. If anything the whole matter is not what or how but rather when. Its going to happen, sooner or later crypto will become the next generation of money. It really should have happened sooner, we have been using the current monetary systems for too long. They are outdated and have been so, ever since the age of internet came. I cannot say how much crypto will stop corruption and wars but it will definitely help!

the bottleneck here is that most governments have no defined taxation laws yet when it comes to crypto gambling sites. fiat system may be outdated but this traditional payment system will not go away anytime soon. a lot of gamblers are still using it. remember, crypto users are still in small percentage as compared to global population. so it would really take long time before we see the majority of gamblers that will go into crypto

[alegotardo]

the bottleneck here is that most governments have no defined taxation laws yet when it comes to crypto gambling sites. fiat system may be outdated but this traditional payment system will not go away anytime soon. a lot of gamblers are still using it. remember, crypto users are still in small percentage as compared to global population. so it would really take long time before we see the majority of gamblers that will go into crypto

I also believe that many bettors come from traditional fiat bookmakers, and cryptocurrencies are one more "hurdle" when trying to withdraw winnings from the bookmaker.
But I do believe that the trend is for cryptos to take up more and more space... I believe that the use of smart contracts and decentralized betting starts to gain more space in a short space of time.