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ToggleMany casinos are already generating revenue from VR slot machines, and this new trend is growing in popularity, making it a good addition for any business looking for a high return on investment.
This article will explain how these VR slot machines work and include statistics showing how lucrative this industry can be.
What is a VR slot machine?
A VR slot machine is a new version of the classic casino game where a player pulls a lever that spins 3 reels, trying to get 3 matching numbers or symbols to win money.
VR slot machines bring a new dimension to this betting game: The user has to wear VR goggles where he or she can see a virtual casino.
The user is able to walk around, hear music, look at people and choose different games, making the casino experience the same as in the real world.
This approach is way more real and entertaining than just playing online slots on an online game website.
Statistics about VR
According to Semiocast slot machine statistics and Las Vegas statistics about slots published in Hollywood Gazette, this new type of casino game might generate the highest revenue per dollar invested for casino owners and the best R.O.I.
Here are some stats about VR:
- Around the world, 171 million people use VR technology right now.
- It is soon expected that 52.8% of people will be using virtual reality in 2024, and that number will continue to rise to 55.9% by 2028.
- We expect that by the year 2028, there will be around 3,670 million AR and VR users around the world in total.
- 48% of people in the US have tried VR at least once or twice.
- More than 30% of Gen Z people and millennials have tried VR and Virtual reality devices, while only 26% of Gen X and 13% of Boomers have done so.
- About eight out of ten people who said who have tried VR also said that it was either “very positive” or “somewhat positive” experience
- More than four out of ten people said they’re interested in maybe buying VR and would use it at least once weekly
- Almost 37% of people surveyed in the US are “excited” about spending time in VR environments.
- One-third of adults and teens in the US think VR will make society better and more efficient.
- Out of every two gambling businesses, one is either in the process of adding VR and virtual reality to their strategy or has already done so in the past year in at least one specific line of business.
What’s new in this technology?
On top of being able to play the traditional slots, the VR user can also play with multiple slot machines at once, for example, play with 4 machines at the same time, each located at a 90 degree-angle.
Also, while playing and spinning the reels, the player can see many futuristic 3D animations, which make the game way more entertaining and exciting, and you can also choose from many of your favorite themes, usually inspired by movies or cartoons, like Harry Potter slot machines, Marvel superhero themes or travel in time in the 50s, etc…
What about online and VR slots?
The earning potential is unlimited, especially if you can get a lot of traffic from Google searches or AI searches from tools such as Perplexity.
Some VR slot machine casinos are already making millions of dollars per year, so it’s a good time to jump on this high-tech business opportunity before the competition arises.
The Pros and Cons of VR Slot machines
There are good reasons why people might not be able to play virtual reality slot games, and there are also many good reasons why people should try this new form of fun.
First, the technology is getting easier to use and cheaper, which means that soon, even the average player should be able to afford VR tech. The number of VR slot games is still small, but it’s growing quickly as more and more of the best online slot game makers make their most famous games available in VR.
The hyper-immersion and the chance to connect with other people are, however, the most important factors. In live casino games, these two features are already very popular. The real-time action and conversations with the host and other players make the experience feel more like being in a real casino than ever before.
Voice chat and more advanced body tracking are making it possible to create whole virtual worlds. In the future, VR could give players almost the same experience as if they were playing slots at their favorite casino.
New Technology fixes Older Problems
In the past few years, headsets were heavy, expensive, and only fanatics were buying them to play the light saber game and show off with their friends.
These days, thanks to Meta, headsets are smaller, more comfortable, and they don’t need wires as they all have a rechargeable battery with extra long battery life.
This makes this technology available to more casino owners and online casino websites, and also more affordable for the end user.
Conclusion
VR slots won’t replace traditional online slots anytime soon, but they are becoming more common as they are a novelty that many casino goers want to try out for fun.
They offer a really difference and entertaining experience and potentially social gaming experience, as the users are also able to create avatars of themselves and their friends and play online with other people.
We already see many VR slots and traditional online slots co-existing in traditional casinos in Nevada and Asia, and the trend will continue to grow in the future.