1. Gaming Loot Boxes

• Fortnite CEO Says Loot Boxes Akin to Slot Machine Gambling Tim Sweeney likened loot boxes to slot machines at DICE 2020 summit While he is CEO, Epic Games will never include loot boxes in its releases Sweeney believes the industry is moving away from the loot box model.
• Paragraph 3.18 then clarifies that, even though loot boxes or crates or whatever resemble slot machines, loot boxes are not considered gambling unless they contain items with real-world value.

Not many of you will need an introduction on video games because the current era is of gamers that rely on advanced technologies that run in the digital grounds to offer excellence. Conversations and debates about gaming have been going on for a long time now; several decades of discussion have led to the popularity of this field. As the years passed, many aspects of video games changed; be it the frequent updates and innovations or the incorporation of gambling into it. When scraping the surfaces of gambling in gaming, you can find layers to it that not many people might be aware of. Let us have a look at video games, loot boxes, and gambling.

Online casinos and Esports Betting

In loot box models, there is no way to force a win state. In microtransaction models, you can at least give real or in-game currency to obtain exactly what you want. Just as you can’t make a slot machine give you the jackpot, you can’t make a loot box give you what you want.

The new game system in casinos has further broadened the scope for gambling in gaming to flourish. Online casinos have made it a point to include a plethora of video gaming options to bet on. However, the traditional form of gambling over video games belongs to Esports. With hundreds of bookmakers functioning all over the world, finding such games to play is quite a cinch. Both Esports and casino games can be accessed through these sites. Players who love to indulge in a video game of sports enjoy such sessions the most because Esports allows the viewers to watch these games like a World Cup match. The viewers also equally enjoy the experience since they get to bet on their favorite player or team.

Loot Boxes

Most gamers might be familiar with this term. The virtual world of gambling offers players with such boxes instead of real money. Gamblers who bet on the games with real money might not always be paid in cash; they receive these loot boxes in most cases. Virtual items such as these may or may not translate into real money. The payout will depend on the game you play and the site you select. Both virtual and real benefits can pop out of those boxes to help gamblers with their future bets.

Casino Video Games

Casinos are now installing video games on their floors to attract more millennials. Since most of the current gamers look for a story and top-end graphics in everything they play, casinos have no option but to add games that have features of both a video game and of a casino game. While many of these high-quality games are played for money with skills, many others are still reliant on luck as the determining factor.

How Good is Video Game Gambling?

Gaming Loot Boxes

It surely is an excellent experience for both the players and bettors as the graphics make it an event worth visiting. With new technologies and VR opportunities appearing in both casinos and video games, people are likely to be drawn to this option. Also, since all of it has been set up online, no one needs to take a drive to the venue to watch the match. Gamblers are sure to enjoy this new-age form of betting.