The biggest and major markets that benefitted from the advent of crypto gambling have been online casinos. These markets have been in existence for the most part of the decade. The deal progressed along with several other online gambling and betting websites. It would be pertinent to mention here that Bitcoin has helped in making the online casino market relatively more accessible. It also made deposit and withdrawal easier than before. Bitcoin casinos have brought forth new kind of competition in the market. They would offer distinct benefits over fiat-based online operators.
Are Bitcoin casinos better than its counterparts?
Bitcoin casinos have only been popular for a couple of years. However, their popularity has grown considerably in a relatively short time. Some time back, nearly all Bitcoin casinos were reported to be lifetime high in terms of amount bet by consumers and in terms of revenue. However, in the present times, several Bitcoin casinos have now become multi-million dollar companies. Most of these companies would be having value higher than $10 million as well.
Although it would still be a pity for a billion dollar gambling fainting away across the world, people would be required to remember that Bitcoin has been quite new and Bitcoin online gambling has been newer. Every month, a number of gambling enthusiasts become aware of Bitcoin. However, they might end up heading to Crypto Games casino instead of traditional online casino. It would keep a regular line of enthusiastic players heading towards Bitcoin casinos. It would not only increase the revenue, but would look forward to increasing rewards and odds that could be offered to players.
The one thing that makes Bitcoin casinos better than their counterparts would be the provably fair technology. It would ensure that the games played would offer random results that are fair.