The surge in popularity of Bitcoin (BTC) gambling has propelled it to the top of trends in the entertainment sector. So much so that using crypto for placing stakes and winning in giveaways is no longer a novel idea but an expectation among gambling websites. How did it become so widespread and will it last? The answer lies in the following trends that shaped its current state:
Merging of Online Casinos and Sports Betting Services
Traditionally, casino gaming and sports betting are separate services provided on dedicated platforms. Slots games and classic table games are found in casinos while staking on predicted sports outcomes is provided by bookmakers. Nowadays, there is a high surge of gaming brands offering both services on the same platform, inspiring intrigue in gamblers from both spaces.
Combining both services into one platform was a successful way of drawing attention because it allows gamblers to use one wallet for all betting opportunities. There are still Bitcoin casinos that are dedicated to slots and table games but they can also offer virtual sports betting as an alternative to sports betting.
Mobile Accessibility Is Becoming the Norm for Entertainment
Being mobile-friendly is also expected in almost every industry and online gambling is no exception. It’s especially crucial lately that some parts of the world mandate a stay-at-home protocol, stopping citizens from visiting a gaming venue. The average smartphone has hardware powerful enough to run any apps, including online casino games.
Bitcoin casino Canada apps are now available for full mobile optimisation, giving gamblers access to all the games from one user-friendly client. Likewise, gaming platforms also have mobile compatibility on supported browsers, giving gamblers the option to forgo downloading an app.
Expansion of Game Variety
The gambling industry continues to evolve with the introduction of new games that appeal to a broad spectrum of players. Sometimes, there’s a new feature showing new ways to play slot games. Other times, there’s a fresh twist on classic table games, giving you more chances to win.
New game categories were also introduced over the past years, namely Crash and Plinko were among the top favorites. They were labeled as ‘skill-based games’ in certain casinos but the distinction is still up for debate. Nevertheless, they are new games that appeal to the new generation of gamblers and inject excitement into the gaming market.
Favorable Laws About Crypto Use and Ownership
Regulatory developments are one of the hottest topics among traders because it is the gateway to a wider economy for cryptocurrency. So far, the latest trends are ideal for investors, especially Bitcoin which is getting high liquidation. Essentially, many lawmakers are in full support of capitalizing on the growth of the digital economy.
One of the best examples is when the United States senators influenced the Securities and Exchange Commission (SEC) to approve exchange-traded funds (ETF) for Bitcoin. This only allowed exchanges to offer spot ETFs for Bitcoin price trends but it opened the floodgates for more crypto to grow around the world.
There are also banks in certain parts of the world that can offer custodial solutions for crypto investors. Switzerland and South Korea are among the first to make that happen in recent memories. Soon, more services will be available for users of digital assets and it will create a new landscape where it is more favored over fiat.
Volatility Is Exciting for Gamblers
The Bitcoin spot ETFs brought a new surge to BTC trading, bringing large funds to the crypto world backed by US investors and exchanges alike. Just this March 2024, Bitcoin exceeded its $50,000 all-time high as market trends reached past $71,000. It is now on a higher level than ever and it’s taking the whole crypto market with it.
What this means for gamblers is that crypto payouts from games and sports betting become more profitable as time goes on. Assets you deposited to your bankroll from weeks ago can potentially be worth more when it’s time to withdraw it. The best Bitcoin casino also offers the ability to buy crypto assets so you can diversify your portfolio when multiple markets are surging.
Crypto Is Becoming More Common as a Mode of Payment
Support for crypto as a mode of payment has become a popular decision across various industries. Bitcoin and Ethereum (ETH) are favored in institutional trading, for example, while Tether (USDT) finds its place in global banking solutions. More digital assets are being introduced with visions of becoming used in smaller purchases but the feasibility is still being studied.
What is becoming more promising is Web 3.0’s growing prominence. The internet is likely to bring all kinds of ecosystems running on crypto. That means more use for hodled assets, specifically ETH and USDT, is likely to rise when it becomes the norm. Online gambling is one of the few industries to embrace its use, setting a precedent for other sectors to follow suit.
VR and AR Development on Blockchain Technology
Blockchain technology is getting more complex with each new project built on top of its established capabilities. Many developers take their ideas into this landscape to introduce their vision for the future of their respective industries. Virtual and augmented realities (VR and AR) are some of its most exciting prospects in the entertainment sector.
The most popular use example of VR technology in practice is the Metaverse, a cyberspace running on blockchain technology. Everything in it runs on blockchains like the Ethereum, Polkadot (DOT), and Solana (SOL) networks. AR adds virtual graphics in reality, thereby adding new elements to an otherwise normal setting.
Both of them are merged in online gambling in their own ways. Some casinos are built on the metaverse like Chateau Satoshi, a casino resort you can visit in Decentraland. There are also live casino games with AR implementations like Monopoly Live from Evolution. It’s only a matter of time before more examples appear to expand upon both technologies and crypto gambling will grow with it.
Jump Into the Crypto Gaming Boom in 2024
Bitcoin gambling is still booming and will likely continue to grow as an industry over time. It is especially true knowing that they have to prepare to welcome a new generation of gamblers. It is believed that skill-based games are the future but improving classics with new technology is just as fun. Nevertheless, something new to crypto gambling is always welcome.
If you like earning crypto from playing games, now is the perfect time to join the crypto gambling industry. Software providers and casino operators worldwide continue working hand-in-hand to make gambling as fun as possible in any direction the trend takes. This can only improve the industry, thereby making online gambling evergreen.
