Last year, crypto casinos managed to amass a total of $81.4 billion in GGR, or gross gaming revenue. This represented a significant increase from 2022. This surge data was procured by the anti-crime platform Yield Sec. This meteoric growth demonstrates how an increasing number of people are engaging in cryptocurrency gambling.
The most notable aspect of these platforms is that they operate in a legally gray area across many jurisdictions. This shows that crypto gambling is cruising quite well under the radar. The reason is that these gambling platforms prioritise accessibility and anonymity.
The Reason Behind The Rise
Therefore, this makes the landscape more attuned to anonymous profit-making. All a person has to do is take advantage of systems like VPN to log into these platforms. Then again, here are some more benefits of crypto gambling that you must know more about:
Anonymity is one of the biggest pros of these platforms. This anonymity is great for being under the radar of regulatory bodies.
Online gambling is, in itself, an accessible entity. Consequently, crypto gambling platforms are also emulating this aspect.
A general lack of regulatory measures means that the wins can be exorbitant, and nobody will bat an eyelid. Therefore, allowing people to win big at no extra cost.
Crypto casinos are not popular for their privacy or returns, but they are also notable for their innovative games.
The increase in the crypto gaming sector can pose a competitive threat to the other gaming sectors due to the added advantage it offers. Industry experts believe that industry leaders might need to adapt blockchain to add a more competitive edge.
