Position-Changing Elements on a Video Screen in a Wagering Game Event

Description:

 

Invention Summary

 

This system is a gambling application specifically created for the digital age. This system is specifically developed to be compatible with handheld devices similar to phone apps. With virtual symbols, a friendly user – interface, and an intuitive system that automatically calculates wagers and winnings, gamblers can enjoy a whole new digital gambling experience.

 

Market Opportunity

 

The casino and gambling market has been steadily increasing with the expansion of online gambling as well as the increasing legality of gambling in and out of the United States. According to IBISWorld, industry revenue for casinos and online gambling is expected to increase by 3.5% to $318.7 billion over the five years to 2024. Furthermore, as gaming expenditure increases by an annualized rate of 3.1%, the market will also expand by an annualized rate of 2.6% as more gaming enterprises are established.

 

These factors point to the steady growth of the casino and gambling industry and as a result, the spread and appeal of online gambling applications. Though online gambling only holds about 11% of the industry’s current product segmentation, this is mostly due to the regulation of the industry. In fact, this is a marked increase since 2015, showing that online gambling regulations are decreasing as public demand grows. There is potential for new technologies like the position – changing wagering system to enter and benefit in an increasing online market.

 

Features and Benefits

 

•       Digital experience allows ultimate market flexibility.

•       Classic design coupled with a modern system creates a unique gaming experience.

•       System allows for complete user control of their options, keeping players invested.

•       Smart system tracks wagers and distributes winnings according to intuitive system settings

•       System of gaming designed for the digital age.

 

Intellectual Property

 

U.S. Utility Patent No.: 15/434,054

 

Patent Information:
Category(s):
All
Apps
Gaming
For Information, Contact:
Zachary Miles
Associate Vice President for Economic Development
University of Nevada, Las Vegas
702-895-0937
zach.miles@unlv.edu
Inventors:
Evan Thomas
Troy Pettie
Keywords:
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