Over the past few years, virtual reality has made an incredible breakthrough on the global market. It seems the new technology is welcomed in every area of life. But how appealing did its chances turn out to be in markets where online gambling is legal? Thanks to modern devices and correct implementation, gaming is reaching a whole new level with VR.
Casino Market has been monitoring the innovative way of entertainment since its appearance. During this time, the direction has managed to gather millions of fans. That is why elaborating a gaming portal with a focus on VR seems like a lucrative idea.
Impactful Statistics of the Innovative Sector
Any internet-related sphere requires a particular analysis and monitoring for estimating its relevant condition. Virtual reality is a newborn baby in terms of age among other iGaming branches. So, tracking its development and gaining advantage from it is valuable for entrepreneurs who are eager to enrol in the sector.
The latest informational rundown on virtual reality:
- As of the end of 2021, there are more than 200 million users of this technology worldwide.
- The demand for standalone VR devices grew over 15 times between 2018 and 2021.
- 14 million virtual reality gadgets were sold in 2019.
- Global VR gaming revenues have reached $23 billion in 2020.
- In terms of yearly profit, the virtual reality market will overtake the TV sector by 2025.
- If the development of technology continues at the same rapid pace, the VR gaming sphere will bring in the revenue of $110 billion, while regular broadcasting is estimated to generate only $100 billion.
The success of virtual reality in the casino segment is going to improve a lot. While the demand for such gaming means continues to grow, smart operators try their best to occupy the niche at the dawn of the sphere.
Pioneers of VR Software
The virtual experience includes total immersion at all levels of perception. In the case of low-quality programming support, the feedback of the game will be sharply negative. As a result, it will create a bad reputation for the operator and his venue. So, it is wise to understand who creates the finest products and cooperate with the leaders of the sphere.
Top vendors of VR software:
- Microgaming. The leadership in the production of games with VR technology belongs to this company. In February 2016, at the international conference ICE Totally Gaming, the long-standing organisation presented its virtual roulette — the first among all content creators. Microgaming is considered a homesteader of virtual reality technology in iGaming, and its products are used in dozens of dedicated platforms globally.
- Lucky VR. It is another virtual reality casino developer who started paving this branch of the industry. At ICE 2016, the company unveiled a blackjack demo with voice recognition and an Oculus Rift DK2 headset. Jeff Lande, the founder of Lucky VR, believes that virtual reality will become the only tool for people to participate in online casinos soon. That is why the vendor is constantly improving the technology and trying to reduce the cost of the equipment.
- TopGame Technology. One more recognised creator of VR content. At ICE 2016, TopGame presented demo versions of slot machines with virtual immersion. The manufacturer has been elaborating on technological innovations for almost 2 decades. Some of its virtual roller coaster rides became the first experience a lot of people have ever had with VR. That is why its gambling products are of the highest level.
- NetEnt. An established creator of land-based and web gaming solutions has also become heavily interested in VR technology. At ICE 2016, it demonstrated capabilities in the arcade game Jack and the Beanstalk. As a result, the 20-year-old leader of the internet-based gambling market has managed to elaborate and sell dozens of its titles over the last 5 years.
Modern Hardware Capabilities
Oculus is probably the most popular supplier of VR equipment. Moreover, the company has spent a lot of time elaborating their devices for virtual casinos in cooperation with iGaming operators. Other companies have also succeeded in this direction, focusing on different platforms and hardware.
What suppliers of VR gadgets are currently on the market:
Google Cardboard
- Type: mobile
- Price, $: 25
- Platform: smartphones
- Tracking: no
- Controller: no
Homido
- Type: mobile
- Price, $: 80
- Platform: smartphones
- Tracking: no
- Controller: no
Zeiss VR One
- Type: mobile
- Price, $: 130
- Platform: smartphones
- Tracking: no
- Controller: no
Gear VR
- Type: mobile
- Price, $: 100
- Platform: Samsung smartphones
- Tracking: no
- Controller: trackpad
LG 360 VR
- Type: mobile
- Price, $: 125
- Platform: LG G5
- Tracking: no
- Controller: no
PlayStation VR
- Type: tethered
- Price, $: 400
- Platform: PlayStation 4, 5
- Tracking: camera
- Controller: DualShock/DualSence, PS Move
Oculus
- Type: tethered
- Price, $: 600
- Platform: PC
- Tracking: camera
- Controller: Xbox gamepads
HTC Vive
- Type: tethered
- Price, $: 800
- Platform: PC
- Tracking: laser towers
- Controller: motion controllers
The variation of devices allows players to choose how to participate in VR entertainment. While keyboard, gamepads, and biofeedback enhance the experience in a helmet, it is also possible to use smartphones for such an activity. There is no doubt that the future of casino games with elements of VR technology will be popular and impactful.
The Main Things about the VR-Oriented Entertainment
Core notions to remember:
- As of the end of 2021, there are more than 200 million users of VR technology, making it a popular aspect of people’s lives.
- Global gaming revenues with the usage of virtual reality enablers have reached $23 billion in 2020.
- In terms of annual profit, the virtual reality market will overtake the television sector by 2025.
- Microgaming, Lucky VR, TopGame Technology, and NetEnt are the most demanded suppliers of software for this entertainment.
- Different price ranges (from $25 to $800) and playing platforms (smartphones, consoles, PCs) expand the variety of virtual reality users, including punters.
Casino Market is constantly monitoring the changes in the VR sphere. Positive aspects are facilitated while weak spots are improved. If you are looking forward to creating a new iGaming portal with the integration of VR, we will gladly help in the setup and launch.
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