Virtual Reality Gambling the Focus of New Market Research

New study predicts future of VR online gambling 2018-2022.

Virtual reality, or VR for short, is one of the latest technologies to emerge in the realm of digital experiences. Despite being around for several years now, it’s still considered a burgeoning market with a niche audience. But like many of its predecessors—the computer, the internet, online gambling—it’s one that is expected to take off in the coming years.

First VR Online Gambling Game, VR Roulette by MicrogamingVR gambling, in particular, is a market that many believe will become incredibly lucrative over time. Mobile casino games were once a niche market, too, yet now they outrank player access via desktop and laptop computers.

We’ve had access to virtual reality gambling for longer than most people realize. Microgaming debuted the industry’s first title in February 2016 at ICE Totally Gaming, wowing the crowd with its immersive VR Roulette game (pictured left). Soon after, NetEnt began upgrading its most popular 3D slots, like Jack in the Beanstalk, Dracula and Starbusrt, for VR compatibility. Like VR Roulette, VR Blackjack games allow players to reach out, grab chips and place them on the table’s betting diagram, just like a real game.

Predicting the Future of VR Online Gambling 2018-2022

Research Study Future of VR Online Gambling

This week, a new research report emerged from HTF Market Intelligence. The study, entitled ‘Global VR Gambling Market 2018-2022‘, utilizes in-depth analyses of this and relative online gambling insights to project the future of this potentially multi-billion dollar industry.

Geared towards “business strategists, industry executives, marketing, sales and product managers”, the study focuses primarily on macro-economic issues in the market. HTF MI details, “influencing factors and key market trends and drivers that are changing the dynamics of Global VR Gambling market.”

What will Drive the VR Gambling Industry?

The report indicates E-Sports betting as the most dominant factor in the market’s impending progress. E-Sports is linked directly to another multi-billion dollar industry—competitive game play of Mass Multi-Player Online (MMO) video games; League of Legends, DOTA 2, Counter Strike: Global Offensive (CS:GO), etc.

Countless players compete in tournaments around the world every year, with massive prize pools up for grabs. How massive? The League of Legends 2017 Season World Championship paid a grand total of $4,596,591 in prizes.

As the participants in these games compete for that cash, countless more followers are betting on the outcome, just as they would any traditional sporting event like football, hockey or tennis. HTF MI believes the scope of VR gambling will get a major boost from this arena; more so than any other gaming venue from now through 2022.

Biggest Challenge facing Virtual Reality Gambling

In the meantime, the study details the high pricing of VR headsets as the biggest challenge for growth in VR gambling. There are cheaper models on the market, but they don’t share the qualitative capabilities of their more expensive rivals.

The latest Oculus Rift bundle, including headset and controllers, runs about US-$400. Its more modestly priced Oculus Go, a stand-alone headset, goes for about $200. Comparatively, the HTC Vive headset+controller bundle runs about $500, the ASUS Windows version $400, and the Sony PlayStation VR, with headset and camera, $200 (half its original cost). If you think those prices are moderate to high, how about the HTC Vive PRO HMD Starter Kit for $1400, or the headset alone for about $800?

While those prices might work for some, they clearly detract from what could be a much larger clientele. Just like computers, laptops, smartphones and tablets, VR headsets must become more affordable before the market can expand to mainstream.

Most Notable Trend in Gambling with VR

Oddly enough, the biggest trend in the VR online gambling market isn’t really gambling at all, but rather the opposite. VR has become a significant tool in the treatment of gambling addiction.

Preventative research has shown that simulated environments can be helpful in teaching addicts to recognize triggers and avoid temptation. According to researchers at the Cyberpsychology Lab at Universite du Quebec en Outaouais, VR provides a safe and realistic environment for patients to test themselves.

Best All Round Betting Casino For Canadian Players

Royal Vegas
Visa, Visa Debit, MasterCard, Maestro

Editor’s Rating:

4.9/5

READ MORE

phone, desktop, tablet
PLAY NOW

Royal Vegas – $1200 BONUS

What We Like:

  • $1200 Welcome Bonus
  • Trusted Casino Site
  • Over 500 Games

Available on: Android, Apple, Blackberry, Windows

Get your $1200 bonus now!

Royal Vegas is going overboard in terms of generosity and free money offers this month ! Join this trusted brand and make your safe deposit today.