Bitcoin is Simplifying Gambling


Though gambling is big business, online gambling is still not as significant as it could be. Its proportion hovers around 10% currently. However, over the last a couple of years, online gambling have emerged as a popular choice among people – this has been approved as well by research company H2 Gambling Capital. According to the organization, the online gambling market in terms of gross winnings, put the global market value at €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 percentage of the total of online gambling revenues. However, those who have been observing the online gambling industry estimate that as there is huge scope for Bitcoin gambling and opportunity exists to make significant income within the industry, several organizations are mulling plans to start operations. Additionally, with Bitcoin’s advantages in terms of low-cost, speedy payments, cryptocurrency-based gambling, and a number of Bitcoin gambling firms will definitely appear up in the near future.

This news report from Bitcoinist reported Jon Matonis saying that Bitcoin is a “digital

Read more ... source: Bitcoinist