Cryptocurrency Casino Revenues Are Growing at a Huge Rate
This year, due to the pandemic that has been going on for almost 10 months, the income of online gambling operators has grown significantly. However, an interesting fact is the significant growth in turnover in casinos offering cryptocurrency games. In recent months, there has been an increase of more than 50%. At the same time, key players in the gambling entertainment market offering financial transactions in this format have increased their turnover by 63%. As a result, there is a clear trend of traffic growth on gambling sites where blockchain technologies are available.
Today, casinos operating on blockchain technologies have recorded more than 70 thousand visitors every day. For example, in Italy, the increase in visitors to such casinos was almost 175%, in France - more than 180%, in Spain - about 145%. Peak values for a month in some countries were about 200%. These data were obtained during the research of one of the expert companies. They are confirmed by the NASDAQ report on the state of the online gambling market during the pandemic and quarantine measures. However, the sports betting sector was not taken into account in the report. After the calculations, the exchange employees made a forecast according to which the revenue of virtual gambling operators by the end of the year will be more than 700 million dollars against 485 million dollars a year earlier. If the current growth rate is maintained, in five years the online gambling market will be estimated at 160 billion dollars!
The reports of any companies researching this market indicate the same reasons for such significant growth. This is a more active use of mobile gadgets to launch gambling, modernization of the infrastructure of leading online casinos, increasingly faster and easier access of clients to games, as well as new technologies that allow using cryptocurrencies and blockchain technologies with maximum convenience. At the same time, the players themselves admit that the advantage of cryptocurrency casinos is the anonymity and security of payments. At the same time, Bitcoin is the most popular financial instrument among gamers.
