Since New York passed legislation allowing online sports betting activities on legally permitted websites in January 2022, this particular sector of the iGaming industry has reported continued year-on-year revenue growth as experts had initially projected.
Here is a closer look at some of the most significant contributing factors that have helped drive the iGaming industry’s growth, most of which are the latest technological innovations.
How has Technology Helped the Online Betting Industry in New York Grow?
Anyone aged 21 or above living in New York is now allowed to place real money wagers online at a handful of legally permitted iGaming sites that fall under the governance of the New York State Gaming Commission.
New York’s most trusted online sports betting website operators have employed a range of marketing strategies to attract new customers. The online betting industry in NY launched in 2022, so competition among the state’s nine (at the time of writing) sportsbooks is very high as the dust still settles. A great tip for New York sports bettors is to shop around a little before settling on a specific site or bonus since, right now – and for the time being – operators are particularly keen to establish themselves as the site to go to during big sporting moments.
They also use some of the latest technological innovations to help stimulate growth in both customer numbers and by default – revenue. These technologies have made it safer than ever for New York residents to gamble in a secure environment from any location at any time of the day using a modern Wi-Fi/internet-connected mobile device or desktop computer.
Here are some of the key technologies that have made these sites more appealing than ever, but more importantly, 100% safe from cybercriminals. They include the following:
- Artificial intelligence (AI) and various AI-powered tools and applications, such as ML (machine learning), and how important data is gathered and analyzed have helped to personalize the online sports betting experience more than ever. Using these sophisticated tools enables operators to eliminate underage gambling, and it can detect patterns in player behavior and how they interact with games, promotions, and the website, in general, to prevent gambling problems from occurring, recommend better game suggestions, and offer more relevant promotions and bonuses.
- Superfast internet speeds (namely 5G) have reduced lagging and latency, meaning bettors/online casino players don’t have to worry about getting disconnected while placing a bet.
- Cloud gaming/computing technology has enabled sites to offer more games without compromising how fast the pages/games launch.
- HTML5 technology and more efficient web browsers have improved the experience
- Smartphones, tablets, laptops, desktop computers, and other devices used to access these sites have also improved over the past, making online sports betting more convenient and hassle-free
- The websites are modern, intuitive, easy to navigate, and more responsive, which also enhances the experience.
- Deposits and withdrawals are safer and processed quicker than ever, and New Yorkers can choose from a broad range of trusted online payment methods, catering to a broader audience, meaning these sites are now far more accessible.
- 128-bit or higher SSL encryption, 2FA (Two-Factor Authentication), and MFA (Multi-Factor Authentication), such as facial, voice, and fingerprint login measures, have made sites less vulnerable to unauthorized access
- The companies that produce online casino games use far more advanced programs these days to produce more engaging and immersive content with better graphics/animations.
- Blockchain technology and crypto payments have also opened up the world of online betting to a wider audience.
Without these technological developments, the experience wouldn’t be as good, and fewer people would place wagers on their favorite sports at their chosen NY iGaming sites.
Is it Safe to Bet Online at NY iGaming Sites?
Yes. Apart from the cybersecurity measures mentioned above, which has significantly improved account security on these sites, today’s most trusted operators also promote responsible gambling to protect their fully registered members.
Players can now log in to their account and manually set a range of gambling controls, also known as safer gambling tools, to ensure they never go over budget. Deposit limits allow players to set comfortable daily, weekly or monthly limits, and some of the other useful and effective tools that help foster a sense of trust in the industry are session time reminders and win/loss limits.
Final Thoughts
Experts predict the annual revenue from the iGaming industry in New York will continue climbing over the coming years. The sites are safer than ever, and they are free to join.
Players can look forward to guaranteed welcome bonuses when they join these sites, which come with relatively low wagering requirements. The important thing players must do when claiming any bonuses on sites like this is read the terms and conditions, which many players often forget to do.
The Ts and Cs tell players exactly how they can get the most out of any promotional offers they take part in or bonuses they claim. Today’s most trusted sites demonstrate high standards of customer service and provide reliable, friendly, and professionally trained 24/7 player support.
When joining sites like this, players are also required to prove they are who they say they are by completing the standard Know Your Customer (KYC) account verification process.
This means sending in scanned color copies of their passport or driver’s license for proof of ID and a recent copy of an energy/mobile phone bill, bank, or mortgage statement for proof of address. It’s standard procedure, and it usually only takes a couple of hours to get our documents verified.
