Wireless Mobile Device Cashless Wagering via Electronic Gaming Machine
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Solution Overview
Problem
Gaming institutions face challenges in providing electronic gaming machines with the flexibility to communicate with external devices and facilitate cashless wagering, as players increasingly use mobile devices and desire quicker access to winnings.
Innovation Solution
Implementing a system where electronic gaming machines receive account information from mobile devices, enabling wireless communication for cashless wagering, using financial transaction devices that can be deposited into ATMs and used for various transactions, including purchasing goods and services.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If electronic gaming machines use traditional cash-based wagering systems, then operational control is maintained, but player convenience and access to winnings are slowed
Solution Approach 1:
The patent replaces the mechanical cash handling system with an electronic wireless communication system. Mobile devices communicate wirelessly with electronic gaming machines to transfer account information and initiate cashless wagering, eliminating the need for physical cash transactions and improving player convenience while maintaining operational control through electronic tracking.
Solution Approach 2:
The patent introduces mobile devices as intermediaries between players and the gaming system. These devices store account information and serve as the medium for cashless transactions, enabling players to access winnings and place bets without physical cash while the system maintains control through electronic verification and tracking of these intermediary devices.
2Adaptability or versatility
If electronic gaming machines accept multiple external devices, then player flexibility increases, but communication reliability and security become more challenging
Solution Approach 1:
The patent enables electronic gaming machines to communicate with multiple types of external devices including mobile devices, tablets, and other wireless devices. The system is designed to accept account information from various device types while maintaining consistent communication protocols, thereby increasing player flexibility without compromising system reliability through standardized verification processes.
3Speed
If cashless wagering is implemented, then transaction speed increases, but financial security and transaction verification become more complex
Solution Approach 1:
The patent implements preliminary verification by requiring mobile devices to present pre-stored account information before transactions occur. The system verifies device authenticity and account validity in advance of the wagering action, enabling rapid cashless transactions while maintaining security through pre-validated electronic credentials rather than requiring complex verification during each transaction.
Data Source
AI summary
Use of a mobile device for facilitating cashless wagering in a gaming system. An electronic gaming machine (EGM) receives account information of a user from the mobile device associated with the user. The mobile device wirelessly communicates the account information to the EGM. One or more financial transactions may be initialized between the mobile device and the EGM such that the initializing enables the mobile device to perform cashless wagering in the EGM for funding a bet associated with the account information.