Industry news

Virtual Reality Gambling Revenues Expected to Rise by 800% in Next 5 Years

Industry news

Virtual Reality Gambling Revenues Expected to Rise by 800% in Next 5 Years

CNBC reported this week that reveneues from Virtual Reality gambling are set to rise by 800% in the next five years, due to “high rollers”. Virtual reality (VR) technology companies like Oculis Rift continue to improve their devices, so a time will come when VR gambling goes from being a bit of a novelty to becoming the game gear of choice for high stakes gamblers.


Virtual reality technology is designed to put a player in an immersive casino experience. One of the current trends in the online casino market is “live dealer casinos”, which offers a gambler the chance to play table games with real dealers using brick-and-mortar cards, dice, or spinning wheels. The action is streamed to a player’s computer screen in real time, providing a gaming experience much different than the video simulations and random number generators which power most Internet gambling.


The Wider VR Technology Market

ven the 800% prediction suggests that the gambling industry is going to lag behind the wider VR technology market in sales. The report suggests a 1000% increase in the sales of virtual reality technology for other forms of gaming, or more general use.


The CNBC reports said that sales from hardware revenues from 360 degree cameras, headsets, and accessories were $5 billion this year, but are expected to be over $50 billion by 2021. The report suggested the gaming and non-gaming market is going to be restricted to high rollers and early adopters in the short-to-midterm range, due to the costs of buying the apparatus.


Low-end users currently buy VR tech which plugs into their smartphones, like Samsung’s Gear VR. High-end users buy the Oculus Rift VR tech, which interfaces with an advanced and expensive computer.


Lauren Foye’s Prediction

Author and technologist Lauren Foye said of the VR market, “These will be coupled with a niche clientele, often high-rollers, thereby resulting in comparatively large average wager amongst these early adopters.”


In time, though, a wave of companies can be expected to offer their versions of virtual reality technology. This is going to fill-in the entire spectrum of costs, so consumers are going to have many price options.


How Land-Based VR Tech Works

Live virtual reality casinos would provide an extra level of immersion. With a VR headset, the player would find themselves “inside” the live dealer studio. The gaming experience would allow the live gambler to feel like they are inside a brick-and-mortar casino, with a 360-degree panorama.


Land-based casino are prepared to offer a whole other level of immersion, though. If the revolution comes, the first stages of it are going to play out on the brick-and-mortar casino floors. Virtual reality headsets can be combined with VR machinery to provide a fully-immersive gaming environment, where the ground shakes as the gaming happens. It is hard to say exactly how game designers will employ the technology, but VR tech combined with skill-based slots would allow the kind of next-generation bonus games which combine dynamic special effects, cinematic HD graphics, and surround-sound video/audio uplinks.


Facebook and Samsung Tech Products

One reason the VR revolution is coming is the investment from technology giants like Facebook and Samsung. While the current VR tech is considered bleeding edge technology for the gambling industry, that will not always be the case, when the mass market companies begin to develop their own VR systems.


Gamblers over the past 15 years have grown used to seeing the same forms of gambling online. Even when mobile casinos began to change how the online business ran, the games themselves were essential graphic simulations of a casino much like online casinos offered. Online gambling in the year 2025 is likely to look much different than what the 1st and 2nd generations of online gamblers have known.


Re-posted from:

100 Free Spins
on Starburst
18+. New depositors & UK residents only. Min dep. £10. 10x wagering on winnings. Spins valid only on Starburst slot & valued at £0.10 each. Spins expire in 7 days. Excludes deposits made via Skrill, Entropay, PayPal, Paysafecard & Neteller. T&Cs apply.
Up to 500 Free Spins
on Starburst
18+. New players only. Min deposit £10. £8 max win per 10 spins. Max bonus conversion equal to lifetime deposits (up to £250). 65x wagering requirements. Full T&C's apply.
Get 30 Free Spins
18+. First deposit only. Use Bonus Code: V30. Min deposit & spend £10. Max 30 spins on VALHALLA at 25p per spin. Spins credited upon spend of £10. Full T&Cs apply.
£50 Welcome Bonus
On selected games when you stake £10
18+. New players only. Min bet £10 on qualifying games. 40x wager reqs (bonus only) on selected games. Bonus valid for 30 days. Certain deposit types excluded. Bets covering >70% of Roulette table excluded. T&Cs Apply.
100% up to £50
+ 110 Book Of Dead Spins
18+. New Customers only. Max withdrawal from the 10 login spins on Book of Dead is £100. Value is 0.10 per spin. 100% first deposit match offer: Min deposit: £10. Max deposit: £50. Wagering: 25x bonus. Max bet is £3.99 per spin.
100% up to £100
+ 300 Free Spins
18+ Full T&C's Apply. New players Only. £10 min deposit. £5 max bet using bonus. 40 x wagering applies. Bonus valid for 14 days. 30 Spins on Starburst games will be credited instantly + then 30 per day for 9 days. Free Spins valid for 72 hours from credit. Max Free Spins winnings £100. Skrill + Neteller excluded. Always refer to Bonus Terms -
Deposit £10 Play With £20
18+. New and selected customers only. Opt-in and £/€10 min deposit required. 1x Wagering required before withdrawal. Additional terms apply.
Bonus up to £50
18+. New Customers only. Deposit and wager £10 within 7 days of opening new account. Receive £50 bonus = 1x £20 bonus, 3x £10 bonuses for selected games. Up to 60x wagering applicable. Bonuses expire 3 days after crediting. Credit/Debit card deposits only. Geographical Restrictions and T&Cs Apply. Please Gamble Responsibly.
100% up to £200
18+. New customers only. Minimum deposit £20. Maximum bonus £200. Wager 40x before withdrawing. Game weighting applies. Max bonus betting limit – slots: £5, other games: 10% of bonus amount. T&Cs apply.
100 Free Spins
on Book of Dead
18+. Minimum deposit £20. Skrill & Neteller excluded. Bonus spins have 10 times wagering requirement. Bonus spins can be used on Book of Dead. Stake weightings & T&C's apply.
100% up to £200
18+. Valid for UK players only, for the 1st deposit of £20 or more. 40x wagering requirement; Claim it from customer support. Deposits with Skrill or Neteller do not qualify. Full T&C's apply.