Description:
Aims to enrich betting opportunities by offering an adaptable gaming experience in various gaming platforms and incorporating versatile programming capabilities.
Inventors: Daniel Sahl
Sahl, Director of the Center for Gaming Innovation, is a leading expert in casino game design and innovation. He holds a Ph.D. in Sociology from the University of Nevada, Las Vegas, where his research focused on the merging of video game design with modern slot machines and their influence on player experience.
The Invention:
A wagering system designed to enhance wagering opportunities through a versatile gaming experience. This method is designed to be implemented in different gaming mediums including hardware-based and software-based systems. The advantage with this system is in its ability to take on many forms of gaming, including matching, wagering, and pay-outs through its flexible programming.
Benefits:
- Versatile system able to be used in various gaming situations
- Can be used for both hardware and software gaming programs
- Ability to program different types of gambling and wagering
- Use of universal symbols allows for a large number of applications
- Capable of wagers, pay-outs, credits and a number of functions
Market Opportunity:
The casino and gambling industry is expected to experience growth in the next five years, driven by increased legalization of sports betting and rising per capita income, according to IBISWorld. Currently standing at $263.3 billion, industry revenue for casinos and online gambling is projected to grow at a 3.1% CAGR between 2023-2028. Additionally, the Electronic Table Games (ETG) Market, valued at USD 1,868.65 million in 2020, is expected to reach USD 3,323.10 million by 2028, with a CAGR of 7.09% from 2021 to 2028, as reported by Verified Market Research. These factors indicate a steady industry growth, leading to an increased prevalence and appeal of online and digital gambling applications. The digitization of gambling machines presents a significant opportunity for systems designed for both digital and physical gaming.
Intellectual property
- Issued Patent No. 10,424,163