The digital casino sector is now in the driving seat and commands the main pull over the whole industry – even in the mid-2000s, not many people would’ve thought this shift would happen so quickly.
That’s not to say that there’s no market for land-based providers. If you’re in a country where they’ve always existed, you probably don’t notice much change, especially during the weekend – they attract a specific clientele. It’ll take a lot to see those who prefer the vibe and aura of a physical casino leap into digital gambling like so many of us.
However, instead of earmarking this small group of gamblers as a key group to get on board, the digital casino industry has doubled down in a sense and has pioneered several different digital innovations.
For instance, mobile app gaming is one of the most notable. However, particularly throughout this decade, a number of emerging cryptocurrency casinos are starting to make some waves. How big could they get, and should traditional platforms be worried that blockchain casinos are coming to potentially disrupt their gravy train?
The USP Of Bitcoin Casino Gaming
If you’re not up to date with how crypto casinos work, the concept doesn’t differ from traditional platforms. Whether someone is choosing to play slot or table games, Bitcoin casino games using blockchain technology are at the forefront of developments in the casino industry. Utilizing the blockchain removes the requirement for any third party to oversee the transaction. All that is required is a cryptocurrency wallet connecting directly to the provider, followed by instant withdrawals and deposits.
Once the need for extensive, time-consuming checks is removed from this process, it’s clear why there’s such a growing demand for Bitcoin casino gaming platforms. The validity of the blockchain alleviates all of the issues gamers may have come across historically.
Bitcoin gaming is one of the ways that the currency itself has become more popular and accepted in many industries, and it hit an all-time high earlier this year.
This has helped Bitcoin casino games offer a clear use case for those exploring the asset for the first time and looking for ways to shift their investments, or hopefully profits, into games they can relate to and already know about.
Weighing Up The Audience
A casino gaming platform is only as good as the numbers it brings in, whether profit, audience or ideally both. It helps to light a torch that inevitably leads to a broader culture of investment and creativity explicitly aimed at that market. It’s not too difficult of a concept to grasp. More eyes on a casino platform means more people are placing bets, leading to higher popularity and more subsidiary companies looking to get their hands on said profit.
As more people warm to the idea of Bitcoin as an investment and an increasing number of avenues to buy Bitcoin and Ethereum open up doors for traditional investors, this will undeniably lead to more gamers checking out Bitcoin casinos. The real question is how many will make the shift and how many of these customers will cryptocurrency casinos retain.
Other Possible Contenders
Given how tech investment is shaping up, AI will inevitably result in some serious change, whether in algorithm technology or live AI dealers replacing human ones at online casinos.
Virtual Reality deserves a mention, too, as we have seen a lot of interest from some prominent tech giants. If Zuckerburg had pivoted his interest from Facebook to AI instead of VR back at the beginning of 2022, he might have been in with a shot of taking on the likes of Microsoft, whose stock price surged upon their huge investments in AI in the late part of 2022 and early 2023.
However, Bitcoin gaming will likely be the big one because it will significantly change how people play. In our opinion, it also has the most scope for growth as there’s now so much broader interest. It will be interesting to see how the other contenders looking to reshape the industry will try to counteract it. Many different forms of new tech could combine in the future of the gambling sector.
Summary
With more institutions driving money into Bitcoin and helping establish it as a popular asset, that will be the million or perhaps billion-dollar question. If millions more people switch to Bitcoin casino gaming, it will be the next significant change in the sector.
Already, a huge percentage of gambling transactions take place using crypto. It feels like the wheels have already started turning on this huge change, and if it results in waves of people moving over from traditional platforms, then within the next ten years, casino gaming could have a very different look and feel and this could be driven by cryptocurrency, including Bitcoin.