A study by U.K.-based Juniper Research has concluded that virtual reality gambling is about to take off, predicting an 800 percent increase in gross wagers within five years. The study concludes that VR gambling will generate nearly 0 million by 2021.
“(Virtual reality) gambling deployments over the next five years will be concentrated in the casino space, which will potentially offer immersive, real-world virtual reality locations,” the study said. While concluding that the high cost of VR equipment may inhibit user adoption initially, the Juniper research concludes that sales of headsets, 360-degree cameras and other VR accessories could grow from its current $5 billion market to more than $50 billion by 2021.
Juniper said virtual reality gambling is likely to be deployed mainly to place gamblers at home in an immersive casino environment, and the business is likely to be driven by high rollers.
“These (technologies) will be coupled with a niche clientele, often high rollers,” said study author Lauren Foye, “thereby resulting in comparatively large average wagers among these early adopters.”
Juniper concluded in a study last month that all online bets globally could reach $1 trillion by 2021.
