The internet has changed the world radically since its birth on January 1, 1983. Of course, widespread use didn’t become readily available until the 90s, and even that is a pale comparison to the super fast broadband most of us enjoy today. Millennials would have been the first generation to grow up with such technology, and every age after will see it as another limb. The phenomenon has instantly connected people across the globe, something that seemed mind-boggling only 50 years ago. Congruently, it has had significant effects on how the world as we know it works. The digital space has manipulated many corporations, but particularly the casino, gaming and music industry.
The internet has significantly altered the world of casinos. The industry is constantly evolving, and ever since the introduction of the online sphere, it has rapidly grown. It was valued at $53.7 billion in 2019 alone and potentially could grow to $127.3 billion by 2027. That’s a lot of people on the planet enjoying some of their favourite games online. All of the classics have multiple versions and some crazy variations. There are, for example. These come in a range of themes that develop on the basic concept of bingo, from space-inspired Galactic Girls to the tartan Highland Reels Jackpot. There are also casino games ranging from slot machines based on TV shows to tense Texas Hold ‘Em draws, all played across the earth at hyperspeed. The first online casino was launched back in 1996, on super slow dial-up internet, now people have their favourite casino apps on their phones powered by 5G. The industry has indeed been supercharged.
Gaming followed a similar route to online casinos. However, being a relatively new entertainment form based entirely on technology, the transition made the most sense. Conversely, when people were playing Sonic The Hedgehogon their Sega Mega Drive, they probably didn’t think they’d be able to play super realistic looking Call of Duty with 150 other players in a Battle Royale. Video gaming, like the casino industry, has benefitted substantially from the internet. In fact, the online gaming industry is projected to grow from $151.55 billion in 2019 to $256.97 billion by 2025.
The music industry has felt like a game of roulette at times with the introduction of the internet. Sometimes it won, sometimes it lost. First, iTunes came, and downloading mp3s started to take over from traditional, tangible ways of listening to music, like records and CDs. Then came streaming services like Spotify, where you can play any song in the world at the tip of your finger. Even apps like Soundcloud make it possible for anybody to get discovered in the industry overnight. However, this can lead to market saturation and make it difficult for people to differentiate themselves by music alone. Streaming services also don’t pay like records used to, so if you want to make money, you have to be selling out gigs.
The rate at which internet speeds are still growing is astounding. Seeing how fast it is now, it’s challenging to comprehend it being improved upon. However, it will be interesting to see how casinos, gaming, and music respond with whatever way it develops.