Did Covid-19 affect crypto gambling?

[hatshepsut93]

As you know, Covid-19 caused serious economic problems in the whole world, and a lot of industries got affected even indirectly, simply because people may now have less money to spend.

Do you think crypto gambling is one of such industries? Gambling is an expensive form of entertainment, and I would assume people will be gambling much less if they have lost their jobs due to lockdown. Or maybe there are some factors that counter that - like maybe crypto gamblers have deep enough pockets to sit through this quarantine and keep gambling.

What do you think? What is your experience in these times?

[$crypto$]

Nowadays more and more gambling is online because offline gambling is no longer open due to the lockdown situation that occurs in that area so I think there is no influence on crypto gambling and I think this is increasing.

This pandemic keeps people at home constantly and can't go anywhere so people who are bored will certainly do online gambling which is now widely available on various platforms with crypto, so this is expensive entertainment where here we will lose a lot of money.

[Genemind]

It could have affected gambling or instead the demand on crypto gambling might have increased since most casinos had closed down and some gamblers might have switched to online gambling.

Honestly since the lockdown, I haven't gambled online since I am keeping my crypto stash due to the halving. But this lockdown gave me a lot of time to gamble with some of my colleagues during the weekends since we are locked down at work.

Maybe those who have a huge amount of crypto savings still gamble despite of the pandemic for extra income. Some must have cashed-out since most of people had been laid-off from work.

[bitcoin31]

Because of the covid19 we have lockdown to prevent it and everyone are mandatory to stay at home and for sure most of them are playing gambling once they have money that will saved in the last few months or extra money but other people are don't have money to play gambling anymore because they did not have job and we know if you do not have that you cannot get your salary.

[GreatArkansas]

The good effect of Covid 19 is the traffic of some gambling websites (online). Most of the casinos are close, so people will start to learn how to gamble online.
But then again, there is the negative part here, there are some people who lost their job or temporary no job because of this pandemic covid 19, so, there are less or no money to gamble.

[Darker45]

As far as my personal experience is concerned, my crypto gambling spending has increased during these lockdown days. This may also be the same with others who have kept their sources of income but are required to stay at home nevertheless. Crypto gambling is a nice way to kill boredom these days. It helps a lot.

It might also be a factor that the huge majority of the land-based casinos and gambling houses, big and small, all over the world are now shut down. That might have introduced a lot of traditional gamblers to crypto gambling online. So, I guess, the loss of gamblers due to unemployment, among other reasons, is somehow balanced out with the coming of new gamblers and the increasing gambling spending of current users.

[michellee]

As the crypto gambling is at the internet, maybe crypto gambling is not get affected from the virus. But people who gamble using crypto will get the affected as they need money to survive, and they can sell their crypto if they runs out of the money. If that is happen, then they will not playing gambling because they don't have more coins to gamble. People who have much crypto amount will not have a problem if they want to playing gambling anytime but not all people can have much amount of crypto.

[Rosilito]

Facts, everyone was affected by this crisis, and there's no exception.

Do you think crypto gambling is one of such industries? Gambling is an expensive form of entertainment, and I would assume people will be gambling much less if they have lost their jobs due to lockdown. Or maybe there are some factors that counter that - like maybe crypto gamblers have deep enough pockets to sit through this quarantine and keep gambling.

With that being said. Market had been gone down below for a couple weeks back then in which might be because of people who draw their stuff out to cover up the mess such crisis been doing so. Hence, crypto gambling, I guess goes a bit low of course to wisely spend money on necessary stuff than risking it for entertainment. Well, today's market doesn't change the fact that they could spend more, not unless they can work now, or lockdown have been lifted up, or they got penny to spend with without worrying a stomach to feed.

Even I, I won't bother gambling it for a while specially I ain't that wealthy enough, and I don't even have anything much left to burn out of gambling.

[Bitinity]

No need to create a new topic for this discussion imho since there are some other topic with the same discussion in this board. One of the topis is Corona virus (COVID19) Effect in Cryptocurrency Gambling and there are still some other topics related to covid19 vs crypto gambling. So better to lock this thread to avoid repepetive posts for the same discussion.

[Jawhead999]

From my experience during quarantine I didn't gambled to much, only for fun to fill up my free time. Because I think this pandemic will be long and we can't predict what will facing in the future, better safe than sorry. But for many people who have a lot of money, probably they will gambling more as they want.

Nowadays more and more gambling is online because offline gambling is no longer open due to the lockdown situation that occurs in that area so I think there is no influence on crypto gambling and I think this is increasing.

I think you're right, we can see how people is interested about online gambling during this situation and this is the opportunity for online casino


source : https://trends.google.com/trends/explore?q=online%20gambling&geo=US

[hatshepsut93]

The good effect of Covid 19 is the traffic of some gambling websites (online). Most of the casinos are close, so people will start to learn how to gamble online.
But then again, there is the negative part here, there are some people who lost their job or temporary no job because of this pandemic covid 19, so, there are less or no money to gamble.

Crypto gambling and online gambling is not the same, crypto gambling is just a subtype of the latter, and it's likely only a very small piece of it. When people who used to go to brick and mortar casinos google "online casino", they likely won't get any crypto-related results, and unless they dig deeper or are already aware of crypto side, they'll probably never now about it. So, I really doubt that the coronavirus had positive effect on this industry.

[reliable]

I am waiting for some one here to share their experience mostly from the people who had being an additive to casinos and now due to covid could not go out and do not even enjoy the online gambling. Have they stopped it and come out of their addiction as this is also a time for them to refresh them self and think something new and do many new things during this lockdown.

[Kong Hey Pakboy]

The pandemic of COVID-19 don't have any negative effect on crypto gambling because it is the reason why more gamblers put a lot of time in playing crypto casinos, since most of them temporarily don't have any jobs they have more time to enjoy themselves to play gambling through online.

[sunsilk]

It's real that everyone is suffering and have to tighten up their budget for important things to survive while we're in this pandemic. But, as it's getting longer and longer, most people that find this lockdown boring might look for some activities to do to enjoy their stay.

They might not be full time gamblers but they are gamblers at heart. And people like them are willing to spend a certain amount just to fulfill themselves. I think the badly most affected are the physical casinos as they are not allowed to operate.

[stadus]

Why crypto casinos will grow is because people does not consider it as a form of entertainment, they gamble because they want to win, and these gamblers exists even if there is a crisis, the word entertainment seems like an expense for the gamblers, they are more concern on the income side, so they will gamble because they think they can earn.

[MFahad]

As you know, Covid-19 caused serious economic problems in the whole world, and a lot of industries got affected even indirectly, simply because people may now have less money to spend.

Do you think crypto gambling is one of such industries? Gambling is an expensive form of entertainment, and I would assume people will be gambling much less if they have lost their jobs due to lockdown. Or maybe there are some factors that counter that - like maybe crypto gamblers have deep enough pockets to sit through this quarantine and keep gambling.

What do you think? What is your experience in these times?

Good thing about the gambling industry is that it was not closed in the covid-19 situation. People could easily play gambling online.
However I am not sure if people were able to spend a lot of money on gambling because in this covid-19 situation people have lost their jobs and businesses and therefore they might have less money to gamble.

[Clark05]

The pandemic of COVID-19 don't have any negative effect on crypto gambling because it is the reason why more gamblers put a lot of time in playing crypto casinos, since most of them temporarily don't have any jobs they have more time to enjoy themselves to play gambling through online.

So if they don't have any job because they businesses are temporarily close they don't have money to use in playing.
They have a little effect on the bad side but they have more good side on the crypto gambling because of people bored and they are plaher of traditonal gambling for sure they will play gambling by using of crypto.

[DoublerHunter]

~snip~
What do you think? What is your experience in these times?

^ There will an effect but not too much. Because there are some gamblers did not have a source of income or revenue and they probably cant sustain to gamble in a long period of time. During this self-quarantine isolation is quite boring and gambling is the best alternative to have fun but I think those people who can afford to gamble even are in an economic crisis. Nevertheless, we don't cant gather data analysis because those using crypto to gamble are anonymous.

[abel1337]

I think for some crypto gamblers who gamble regularly, Their gambling activities didn't change even if there's lockdown because they are used to play online. For crypto gambling businesses I think they gained more users than before because some players temporarily switched to online gambling since physical casinos are closed. And for the gambling experience, I expect that nothing has changed even though the traffic is more due to new gamblers playing it would probably not affect the gambling experience of the gamblers.

[Naida_BR]

In my opinion, crypto gambling is affected positively due to COVID-19.
As traditional casinos are closed due to lockdown and social distancing measures, people have started turning to online casinos and crypto casinos in order to savor their casino desires.