Sony Play Station 5 (PS5) was launched about two years ago as the successor to PS4. When compared to its predecessor, PS5 comes with noteworthy features and improvements. The new console features improved graphic performance and high-speed data streaming capabilities.
Sony took a different approach when designing its fifth generation console. PS5 features the latest hardware features and aesthetics. In addition, it comes with handy accessories such as a media remote control, charging station for the Dual Sense controller, HD camera, and a Pulse 3D wireless headset.
The most popular esports offerings today are FIFA, Modern Warfare, Call of Duty, and Madden NFL. These esports titles are available on PlayStation 5. Some of the best real money online casinos are eager to offer PlayStation betting options for these titles and more.
In early 2021, Sony Interactive Entertainment filed a patent for an electronic gaming platform that would allow users to place bets on big events. According to the patent, Sony is looking to offer business opportunities to its customers for professional iGaming events for both financial and non-financial purposes.
This basically means that players will have a chance to bet and win real money in esports events. The patent also highlights that the betting platform Esports will use data from past games to set betting odds. Alternatively, he can also determine these odds by betting on parimutuel.
The same patent also states that the platform will be entitled to create possibilities for future events via computer simulation. There is also mention of the possibility that bettors close their bets at lower odds than the original bet or double their bets if they are convinced that the team is more likely to win.
About a decade ago, the concept of gaming hardware did not make sense to most gamers. With the current technological advancements and the player’s ability to maintain an open mindset, console gambling has become a much more welcome topic of discussion.
Over the years, esports players have received massive exposure to the gambling elements of console games. Evidence for players’ willingness to gamble lies in their agreement to in-game purchases, which were previously seen as obtrusive but have become a norm in most console titles.
Most in-game purchases are offered in the form of traditional gambling. This is how the FIFA title introduced the probability indicator feature to its packs system. On the other hand, Red Dead Redemption has also succeeded in integrating in-game gambling sessions such as poker cuts.
From these trends, it is clear that the esports market is ripe for gaming hardware betting.
Online gambling has become very popular globally over the past decade. New Jersey, for example, collected more than $4.5 billion in gambling revenue in 2021. Research shows that more players are choosing online gambling platforms over traditional alternatives.
In the UK, online casinos contributed over a third of all gambling revenue, including lottery tickets. This trend is common in every state that has an online gambling industry.
Many industries have not envisioned the flexibility and willingness to embrace modern technology as the gambling industry has over the years. Over a century, the industry has gone from being a mere behind-the-scenes pursuit to an exciting global phenomenon.
The key to the gambling industry’s continued growth lies in its ability to adapt, improve and change. Two decades ago, the internet revolutionized online gambling, revolutionizing the industry. The embrace of the internet has opened up the industry to a larger audience, increasing its revenue.
However, the gambling industry has not stopped there as it is still keen to improve. Today, we see online gambling companies investing millions of dollars in virtual reality casinos in an effort to increase the user experience and attract more gamblers.
Future online gambling establishments are currently looking at partnerships with leading iGaming console developers such as Sony. This partnership will provide the ideal vehicle for delivering a VR gambling experience at the retail level.
The burning question is not whether casinos want to partner with Sony but whether Sony wants to partner with them.
Without a doubt, Sony is the leading name in the gaming hardware market. However, Sony fears Microsoft will make bold moves with the Xbox. Google is also in the final stages of launching its new game streaming service Stadia.
In an effort to stay competitive and maintain its market dominance, Sony will have to make a bold leap of its own. Exploring the online gambling market is definitely one way to achieve this.
The demographic of console players is not as diverse as you think. It is largely dominated by males under the age of 40, which is probably why most console titles target this specific market.
Sony is keen to attract the interest of major demographic groups such as female and older gamers. Online gambling esports titles are the perfect way to conquer a new demographic on PS5. If Sony takes this step before any of its competitors, it will ensure its market dominance in the short/medium term.
One of the major bugs of the PlayStation console is poor browser capabilities that make playing browser games a painful experience. Most browser games and online casino sites require players to install Adobe Flash before starting their gaming experience. However, this is not possible on current PlayStations.
If Sony adopts the online gambling option, it will have to significantly improve the capabilities of its console browser. Another alternative might be to design specific gambling games that can be downloaded from the PlayStation Store.
This means partnering with online gambling developers to design gambling games that work for PlayStation 5. For console gambling to pay off, both Sony and the leading online gambling companies will have to make this logical step.