Why bitcoin has a firm foothold in the online gambling world
When it comes to online gambling versus traditional bricks-and-mortar casinos, the internet has the upper hand. Online casinos don't have to hire a bunch of employees, build fancy edifices or wow gamblers with marketing tactics to bring them in. On the other hand, internet gambling in the United States operates in a grey legal area. Online casino operators get away with it by hosting their sites outside of US borders in places like Costa Rica. It's a profitable business to be in: according to the American Gaming Association, online gaming is a $4-6 billion market. That's precisely why....
Related News
From the simple Bitcoin gambling site to the magnificent and complex world of Dragon’s Tale, the online gambling industry is re-inventing itself with the help of the digital currency technology. The Online Gambling Industry has always been in constant development. But now with the advent of digital currency, a new revolution is bound to shake the boundaries of every online business. The Bitcoin gambling Industry is growing faster than ever before. From what before was considered to be a tool for illegal activities, Bitcoin is today on the verge of completely disrupting the online space,....
Bitcoin seems set to revolutionize the world of online gambling. A new infographic explains why and how to casino operators. There has always been gambling, and there will always be gambling. I am a firm believer in everyone's right to spend their money as they like. I don't gamble, and I don't understand the urge to gamble, but I will fight to death for your right to gamble if that's what you want (adapted from Voltaire). Infographic. The fight for the right to gamble is on. Governments everywhere impose more and more regulations on casinos, poker clubs, slot machines, and all kinds of....
Bitcoin is the currency of the internet; it is perfectly aligned to support online based businesses and facilitates international transactions. Bitcoin has in fact, the power to disrupt the online gambling space. Since the beginning of the Internet, the gambling industry has always been an adopter of all new online technologies that have been coming around. However, for some time now, the online gambling industry has been dealing with heavy regulatory impositions all over the world and many companies tried to find out new ways of going pass those restrictions. It was in 2009, that Bitcoin....
Although gambling is a big industry, online gambling is still not as significant as it could be. Its proportion of the gambling industry currently hovers around 10%. However, over the last few years, online gambling have emerged as a popular choice among people. According to H2 Gambling Capital, the online gambling market in terms of gross winnings, has a global market value of €21.73bn ($28.54bn) in 2012. Interestingly, since the emergence of Bitcoin, the total value of online gambling is expected to increase multifold. It’s also true that gambling with Bitcoin only accounts for a tiny....
Gambling is big business, and online gambling represents a significant and growing proportion of that business - about 8% currently. Research company H2 Gambling Capital, which values the online gambling market in terms of gross winnings, put the global market value at €21.73bn ($28.54bn) in 2012. Furthermore, the firm expects a 9.13% compound annual growth rate through 2015. Right now bitcoin gambling only accounts for a tiny percentage of the total of online gambling revenues. However, it is clear that the opportunity exists to make significant income within the industry and, with....