Virtual Reality Gambling Will Grow 800 Percent by 2021

Ever wondered what the casino gaming world will look like in, say, 5 years? Apparently, we’ll all be wearing virtual reality headsets and “walking” around virtual casinos. As reported by CNBC, virtual reality (VR) gambling will rise 880 percent within the next five years, with much of this coming from high rollers. VR gaming bets […]

virtual-reality-gamblingEver wondered what the casino gaming world will look like in, say, 5 years? Apparently, we’ll all be wearing virtual reality headsets and “walking” around virtual casinos.

As reported by CNBC, virtual reality (VR) gambling will rise 880 percent within the next five years, with much of this coming from high rollers.

VR gaming bets are expected to reach $58.5 million this year, then accelerate to almost $520 million by 2021, according to Juniper Research.

Major tech companies like Facebook and Samsung are investing in VR technology, and it’ll only be a matter of time before many online casinos are doing the same. When this happens, Juniper expects VR gambling deployments to put players in immersive casino experiences (see picture to lower right).

virtual-casinoThe VR market is expected to boom through sales of headsets, accessories and 360-degree cameras. This will lead the total VR market to go from $5 billion in sales this year to $50 billion in sales by 2021.

But Juniper cautions that it’s no guarantee that VR gambling will take off as expected. High costs of buying devices will keep many casual players out of the loop, limiting the initial market to early adopters.

Juniper’s Lauren Foye, who spearheaded the research, believes that VR gamblers will consist of players who use smartphone-based headsets (ex. Samsung’s Gear V) and more-expensive devices like the Oculus Rift headset, which must be connected to an advanced computer.

“These will be coupled with a niche clientele, often high-rollers, thereby resulting in comparatively large average wager amongst these early adopters,” said Foye.

While it seems that VR gambling is set for a boom, growth may be slow as players wait for device costs to go down and more online casinos to offer VR services. But when this style of gambling does become more commercially viable, it’ll certainly give players an exciting gambling experience.

 

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