Virtual reality gambling is set to grow 800% by 2021, according to a recent report by CNBC.
As the technology behind VR makes its way into the mainstream, the growth is expected to come from ‘high-rollers’, who will likely be the first to adopt the technology.
Juniper Research, the firm behind the findings,said that total VR bets last year amounted to $58.5 million, and are expected to reach close to $520 million by 2021.
Recent moves by tech giants like Google, Samsung and Facebook have indicated that they are all betting big that VR will take off and become the next big thing with consumers. Naturally, the casino industry will be changed when this happens and fully immersive VR experiences will be part of what’s in store.
Juniper also cautioned that the explosion in growth could be stifled by the cost of VR headsets and other associated technology. If computers are any model to go by, it will take lots of competition before prices start falling so that the mainstream consumer sector can afford Oculus Rift, Gear VR and the other VR headsets.
So, it looks like exciting times for the casino industry. VR will open up whole other dimensions to live dealer games and the online gambling experience, as we predicted here.
We’ll have to wait and see if Juniper’s findings are correct. We predict they will be.