Bitcoin casinos are a new trend in online gambling and could be the next big thing.
There are many benefits to Bitcoin casinos over traditional ones, including faster payments, better security and transparency. Some of the most popular Bitcoin casinos have thousands of players from around the globe.
Are you curious how many people visit cryptocurrency casinos and what percentage of Bitcoin transactions are gambling-related?
We have compiled a few of the most recent statistics on Bitcoin casinos. You will discover how many are available, how much Bitcoin has been wagered, and more.
We will also be looking at the future of cryptocurrency gambling and answering a few frequently asked questions. This will cover all you need to know about Bitcoin casinos.
Top Bitcoin Casino Statistics: Editor’s Choice
These are the top Bitcoin gambling statistics of the year. Don’t miss this:
In 2023, the global casino industry will be worth almost $280 billion.
The market for crypto gambling is valued at $250 million. This is a growing portion of the $93 billion global gaming market!
While crypto has only been 4% of all gambling over the years, that number is rapidly increasing.
Over $4.5 billion has been wagered in Bitcoin since 2014.
Every second, 337 bets are placed by crypto gamblers.
Gambling accounts for approximately 60% of all Bitcoin transactions.
Bitcoin and Ethereum are the most used cryptocurrencies for gambling.
Daily crypto gambling: Cryptogamers bet $3,000,000 worth of crypto.
Mind-blown yet? Let’s get into more detail!
The gambling Industry is Growing.
Although land-based casinos and resorts suffered major losses during the pandemic, the gambling industry continued to prosper as many players switched to online gambling.
Crypto casinos have an additional layer of transparency with the addition of provably fair games. Provably fair games allow you to see the results of every hand and round played, which is not possible with traditional casino games. Provably fair games are popular for crypto gamblers who value transparency and security.
Future of Cryptocurrency Gaming
Blockchain technology allows casino operators to access features not offered in traditional casinos. Crypto casinos, for example, can be operated at lower costs and provide better security measures. They also have faster withdrawal speeds.
The best thing about crypto gambling is the untapped potential of blockchain technology. The best is yet to come.
Although we can make educated guesses from the data, we cannot predict with 100% certainty the future of crypto gambling and how long it will take to get there.
We know that some key points could shape the future of crypto gambling.
NFTs for gambling and Crypto CasinosNFTs have become the talk of the town in crypto, especially online gambling. Did you know that many crypto casinos, such as BC? Game or Rollbit, have adopted NFTs already?
Many NFT-friendly crypto casinos constantly seek ways to use non-fungible tokens to increase transparency and user experience.
NFTs are mainly used for play at the moment. Players can use NFTs at BC. Game casino to make deposits. Rollbot, on the other hand, has its own NFTs that you can trade and buy.
NFTs can also be used as access passes to Decentraland. You can freely explore Decentraland, but you will need an NFT wearable to gamble. NFT wearables can be used for so much more.
Crypto casinos are criticized for not following regulatory laws and having poor KYC checks. Casino operators can identify minors easily and stop them from gambling with NFT wearables. The same NFT wearables could also be used to offer better self-exclusion programs.
As VIP rewards, crypto casinos can use NFTs to reward loyal players. The casino can award a player with a higher VIP level an NFT. This will allow them to play exclusive games and win member-only jackpots.
Sounds exciting. The good news is that BC-Game has already invested in Degenpass, a concept that accomplishes exactly that.
These are only a few examples of the many ideas that crypto casinos are currently working on. NFTs can have hundreds of applications, many of which we have yet to discover.
However, NFTs will continue to be a part of the future of cryptocurrency gambling.
Metaverse Gambling Could Be the Future Of Online Gambling
Metaverse is a vast network of virtual worlds that replicate the physical world. You can use a VR headset to enter the Metaverse to explore the virtual world and play in virtual casinos.
Casino operators can purchase digital land to establish a casino in the Metaverse. Decentral Games was able to do exactly that two years ago when it acquired digital land in Decentraland. The company then launched the ICE Poker virtual poker casino.
It had approximately 6,000 daily visitors and earned over $ 7.5 million in three months.
Metaverse’s biggest problem is its inability to provide players for the world. Why is this? VR and blockchain technology still need to catch up to mass adoption.
Millions of people around the globe still need to become more familiar with blockchain technology. A VR headset can run you as high as $1,000. The hardware required to create a smooth VR experience could cost you a few thousand dollars.
However, almost everyone has a smartphone, and most players don’t need to travel far to access a gambling website.
Metaverse is a great technology that allows players to have an immersive, realistic, real-life gambling experience. Using blockchain and VR technology, casino players can finally bridge the gap between land-based and online casinos.
In an ideal world (digital), players could walk down the Strip, visit casinos and digital shops, and then play casino games with thousands.
What will the impact of new laws and regulations on decentralized gambling be?
The crypto gambling market is not currently regulated, and most countries do not have laws prohibiting or allowing crypto gambling. With millions of dollars of cryptocurrencies being traded in crypto casinos daily, it’s only a matter of time before governments try to regulate crypto gambling and tax crypto casinos.
By allowing licensed crypto casinos to operate legally in more countries, regulated markets can be an example. Millions of players can join crypto casinos without fear of government repercussions or worrying about their funds being seized by the casino.
Although it might sound scary and overwhelming, most cryptocurrency casinos have been licensed. A regulated casino will bring a few inconveniences to players. You will need to undergo a KYC check. This is done primarily to stop money laundering and to ban minors from playing in casinos no deposit bonus codes 2023.
While players might be unable to remain anonymous regarding payment, a license issued by a respected governing body will greatly increase licensed casinos’ trustworthiness, fairness, and credibility. Additionally, licensed casinos place more emphasis on protecting players and responsible gambling.
Crypto casinos will thrive faster than ever by reaching a mutual understanding with governments around the globe. Players will also benefit from the regulation of markets.
Bitcoin Casino Statistics: Final Thoughts
Online gambling is expanding at an alarming rate, and there are no signs of it slowing down anytime soon. According to the most recent data, industry experts predict that the global online gambling market will grow at an 11.7% CAGR and reach $153 billion by 2030.
Crypto casinos are even more promising. Crypto casinos are gaining popularity because of the many advantages and innovations that crypto gambling sites offer over traditional ones.
