What are Bitcoin advantages for an online casino owner?
From an online casino operator’s point of view, as well as from the player standpoint, Bitcoin is the perfect “gaming coin”.
Players love Bitcoin because of:
1)Low cost of transaction
2)High speed of transaction
3)Increased anonymity
Bitcoin games can be made “Provably Fair”, which is a new concept of fair gaming letting players to verify fairness themselves with no doubts
Gaming operators will appreciate:
1)Control over finances on their side, no third parties involved in transactions
2)Bitcoin is a universal, global currency
3)Faster time-to-market not bound by the red tape
Yes, you will probably lose money when you gamble but if you have fun doing so, what is the difference between losing $200 at a casino and spendig $200 on expensive tickets for a show or sporting event? You still had fun. You still went home safe and satisfied.
If you can live without the gambling but enjoy it — you’re probably okay. If you only gamble with money you can afford to lose, and not with money you need for bills and to live on — you’re probably okay. Gambling is a great group activity for friends and family, and many groups do organize special gambling trips to casinos that are maybe a few hours’ drive away.
Online gambling is a hit nowdays with states legalizing gambling such as West Virginia . Developments in technology and recent legal decisions have created an opportunity to legalize interactive poker as a means to further enhance and complement the benefits delivered by casino gaming and licensed facilities to or for the benefit of the communities in which they operate.”
The state’s casinos won $638.5 million from gamblers last year, but it was 2.6 percent less than what was won in 2015. The start to 2017 was a bad one for West Virginia, with gaming win tumbling 15 percent year-over-year, according to data from the University of Nevada Las Vegas.
In the 2007 fiscal year, which was the best ever for the state’s casino industry, gaming win was $972.6 million. The state has five brick-and-mortar casinos. North Dakota Considers Casino Gambling Bill which makes even gambling more money making industry .
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