• About
  • Contact
  • Testimonials
  • Newsletter
  • More
    • Demographics & Advertising Rates
    • Terms & Conditions
Thursday, March 23, 2023
No Result
View All Result
California Business Journal
  • Front Page
  • Business
  • Finance
  • People
  • Featured
  • Opinion
  • Technology
  • Law
  • News
  • Food
  • Art & Culture
  • Human Interest
  • Education
  • Insurance
  • Real Estate
  • Health & Fitness
California Business Journal
bitcoin and casino chips

hand holding bitcoin and pile of casino chips on white background

How Crypto is Changing and Boosting the Gambling Industry

We've just scratched the surface with regards to what crypto can actually do for the gambling industry and it will continue to capitalize on the hype of the crypto industry.

by Bia Pendelton, California Business Journal
A A
Share on FacebookShare on Twitter

For anyone who has spent even just a moderate amount of time on the internet, the idea of the blockchain and cryptocurrency might no longer be such an alien idea. In fact, the crypto and blockchain market has been gaining so much traction over the years that it’s managed to infiltrate and change various industries and ways of life. One such industry that has been drastically changed (and continues to adapt) as a result of the crypto boom is the online gambling market. In the past, people used to exclusively gamble in a physical capacity. Casino games were held in backroom bars, private homes, or formal casino houses. Nowadays, it’s all just a matter of hopping online and finding a decent casino platform to play on.

When online casinos started becoming more popular, many traditional websites saw a shifting trend towards mobile usage. Naturally, the industry adapted and started creating mobile-ready versions of their digital platforms. This allowed online casino players to hop onto their favorite sites through dedicated mobile apps instead of web browsers. Now, the industry finds itself adapting to the times once again as cryptocurrency is starting to cement itself as a solid financial tool. Many casinos are now implementing crypto-ready payment and withdrawal methods on their platforms.

Here is a list of the top 10 casinos that offer crypto-integration on their platforms along with the percentage of crypto transactions that make up all the financial transactions on their site and the highest performing coin on that platform:

ADVERTISEMENT

1. Evolution (formerly Evolution Gaming) – 13.5% Crypto Transactions; 96.3% Bitcoin
2. BGaming – 17.33% Crypto Transactions; 79.8% Bitcoin , 8.4% Ethereum
3. Platipus – 50% Crypto Transactions; 82.2% Bitcoin, 7.1% Dogecoin
4. Booming Games – 35.33% Crypto Transactions; 73% Bitcoin, 16.7% Ethereum
5. Belatra – 25.33% Crypto Transactions; 80% Bitcoin, 9.5% Ethereum
6. Betsoft – 26% Crypto Transactions; 81.3% Bitcoin, 5.5% Litecoin
7. Pragmatic Play – 0.5% Crypto Transactions; 47.4% Bitcoin, 45.7% Ethereum, 6.9% Litecoin
8. Mascot Gaming – 30.33% Crypto Transactions; 82.9% Bitcoin
9. Gameart – 26% Crypto Transactions; 80.5% Bitcoin, 11.8% Ethereum
10. Gamebeat – 34.33% Crypto Transactions; 58.9% Bitcoin, 7.8% Ripple, 7.7% Ethereum

One of the greatest advantages that cryptocurrency brings is the discretion and privacy that come with these financial transactions. Thanks to the sophistication of the blockchain, any kind of crypto transaction that takes place is unregulated by any authoritative body. This means that people are free to use their money however they see fit without having anyone question them for it. This bodes well for the casino gambling industry because it gives their players the anonymity and discretion that much of the market craves.

Aside from that, there’s an added layer of convenience when transacting with these casino platforms through crypto. Since blockchain technology is not regulated by any government body or financial institution, it means that casino gaming becomes a lot more accessible to people all over the world who may not have the same kind of access with traditional fiat money. There are still many societies across the globe whose governments bar them from engaging in any kind of financial transaction that involves gambling. Crypto serves as the viable alternative for these individuals to partake in their favorite games without breaking traditional laws surrounding fiat money.

This is just scratching the surface with regards to what crypto can actually do for the gambling industry, but it looks like the online gambling market will continue to capitalize on the hype of the crypto industry for a long time.

Related Posts

Bitcoin-vs-Binance
Best BNB to BTC Converter in 2022
casino chips
Casino Chips Or Real Money: Which Is Handier?
Cryptocurrency-Myths
Crypto Myths
BTC and LTC
Exchanging BTC to LTC
Blockchain Gaming
How Blockchain and the Gaming Industry are Getting Along
How to Choose a Reliable Casino
How to Choose a Reliable Casino in 2022
NFT Games
How to avoid losing money in NFT Games
best-crypto-wallets
Most Trusted Crypto Wallets in New Zealand
blockchain security
With the demand for secured and decentralized ledgers, cryptocurrencies and blockchain technology continue to revolutionize the digital world
Tags: BitcoinblockchainconveniencecryptocryptocurrencyfinancialGamblinggamingHow Crypto is Changing and Boosting the Gambling Industrymobilemobile appsonlineonline casinoonline gamblingprivatetechnology
ADVERTISEMENT
Bia Pendelton, California Business Journal

Bia Pendelton, California Business Journal

Related Posts

casino chips
Casino Chips Or Real Money: Which Is Handier?
best-crypto-wallets
Most Trusted Crypto Wallets in New Zealand
How to Choose a Reliable Casino
How to Choose a Reliable Casino in 2022
Cryptocurrency-Myths
Crypto Myths
blockchain security
With the demand for secured and decentralized ledgers, cryptocurrencies and blockchain technology continue to revolutionize the digital world
Blockchain Gaming
How Blockchain and the Gaming Industry are Getting Along
NFT Games
How to avoid losing money in NFT Games
Bitcoin-vs-Binance
Best BNB to BTC Converter in 2022
BTC and LTC
Exchanging BTC to LTC
advertisement
ADVERTISEMENT

CBJ Newsletter

Facebook Twitter LinkedIn Instagram LinkedIn

Advertise With CBJ

Contact Rick@CalBizJournal.com

CBJ Rates and Demographics

Job Postings

CEO Wanted


Requirements: BS/BA + 2yrs of Business Managing Experience

Mail Resume: Grand Life, Inc. 14647 Northam St. La Mirada, CA 90638.

$114,754/year

ADVERTISEMENT
1REALTOUR-SAN DIEGO-WEB DESIGN
Facebook Twitter LinkedIn LinkedIn Instagram Youtube
C B J   LOGO  SVG-01
  • About
  • Contact California Business Journal
  • Testimonials
  • Demographics & Advertising Rates
  • Terms & Conditions

Categories

  • Art & Culture
  • Business
  • California Hotel Listings
  • Daily Updates
  • Editor's Choice
  • Education
  • Featured
  • Finance
  • Food & Dining
  • Health & Fitness
  • Human Interest
  • Insurance
  • Law
  • Lawyers
  • Marketing
  • Medical
  • News
  • Newsletter
  • Opinion
  • People
  • Popular
  • Real Estate
  • Social Media
  • Technology
  • Uncategorized

CBJ Partner Firebrand Media

Laguna Beach Independent Newspaper
 Laguna Beach City Guide
 Newport Beach Independent Newspaper
Newport Beach Country Club Magazine
  Montage Magazine
 Omni Escapes Hotel Magazine
 Bespoke Concierge New York
 Evans Hotels
 Laguna Beach Magazine
 On The Menu Laguna Beach
 Newport Beach Magazine
Coastal Real Estate Guide (NB,LB, CDM)
Monarch Beach Resort Magazine
 Pacific Coast Magazine (SoCal)
Sea Island Life Magazine
Salamander Hotel & Resorts Magazine
 View our entire portfolio

 

Most Viewed

  • Gavel, scales of justice and law books

    Lawsuit Basics: How Much Does It Cost to Sue Someone?

    0 shares
    Share 0 Tweet 0
  • Investigation: Can TriumphFX Take Your Money?

    0 shares
    Share 0 Tweet 0
  • The Impact of Covid: Racing to Buy Second Citizenships

    3 shares
    Share 0 Tweet 0
  • What to Do When an Online Casino Refuses to Pay Out Your Winnings

    0 shares
    Share 0 Tweet 0
  • The Truth About Temu: Where Is It From?

    0 shares
    Share 0 Tweet 0
  • Top 5 Flavors On Elf Bar BC5000 Review

    0 shares
    Share 0 Tweet 0
  • NFL Paychecks: How Do NFL Players Get Paid?

    0 shares
    Share 0 Tweet 0
  • Temu’s New Shipping Policy Is A Smashing Hit For Shoppers All Over the Country

    0 shares
    Share 0 Tweet 0
  • Five Reasons Why The Government Does Not Like Bitcoin

    0 shares
    Share 0 Tweet 0
  • How to Start a Telecommunication Business: A Step-By-Step Guide

    0 shares
    Share 0 Tweet 0

Latest Articles

Retail App Development: Details You Need To Know To Get a Good ROI

Retail App Development: Details You Need To Know To Get a Good ROI

The Role of Marketing Firms in an Organization: Benefits and Drawbacks

The Role of Marketing Firms in an Organization: Benefits and Drawbacks

How to Prevent Indoor Air Allergies: 5 Important Tips

How to Prevent Indoor Air Allergies: 5 Important Tips

Unleashing the Secrets of Z-library: How to Discover Rare Books with Ease?

Unleashing the Secrets of Z-library: How to Discover Rare Books with Ease?

Five Ways an MBA Helps take Your Career to New Heights

Five Ways an MBA Helps take Your Career to New Heights

What Do I Need to Do to Get a Small Business Loan?

What Do I Need to Do to Get a Small Business Loan?

Cannabis Seeds: What Are the Basics?

Cannabis Seeds: What Are the Basics?

How to Decide Whether Immunotherapy for Cancer Is the Right Choice?

How to Decide Whether Immunotherapy for Cancer Is the Right Choice?

Is it Possible to Become Rich By Currency Trading?

Is it Possible to Become Rich By Currency Trading?

10 Ways to Increase a Home’s Curb Appeal for Buyers

10 Ways to Increase a Home’s Curb Appeal for Buyers

California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
Site Design by 1REALTOUR

No Result
View All Result
  • Front Page
  • Business
  • Finance
  • People
  • Featured
  • Opinion
  • Technology
  • Law
  • News
  • Food
  • Art & Culture
  • Human Interest
  • Education
  • Insurance
  • Real Estate
  • Health & Fitness

California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
Site Design by 1REALTOUR