The iGaming industry is constantly evolving. In order to stay ahead of the curve, online poker rooms and casinos are having to adopt new technologies and payment methods. One of the latest trends in iGaming is the rise of crypto poker. This is a form of poker that is played using cryptocurrencies, such as Bitcoin. Let’s take a look at how this new form of online poker is changing the iGaming industry, and where it is likely to go in the future.
Crypto poker is becoming increasingly popular among online poker players. This is because it offers a number of advantages over traditional online poker. For example, crypto poker rooms are often able to offer lower rake rates than their traditional counterparts. This is because they don’t have to deal with the same level of overhead costs. Additionally, crypto poker rooms are often able to offer more generous bonuses and promotions. This is because they are not subject to the same regulations as traditional online poker rooms.
The rise of crypto poker is also having an impact on the iGaming industry as a whole. This is because it is providing a new revenue stream for online poker rooms and casinos. Additionally, it is also attracting new players to the iGaming industry. This is because crypto poker offers a number of advantages that traditional online poker does not. For example, crypto poker rooms are often much easier to use than traditional online poker rooms. This is because they don’t require players to create an account with a third-party provider. Additionally, crypto poker rooms often have lower minimum deposit requirements than traditional online poker rooms.
It is clear that the rise of crypto poker is having a major impact on the iGaming industry. During the pandemic iGaming took a massive spike and expanded the market by 26% from 2019 to 2021. Players of all types chimed in to playing games online as a way to socialize. As a way to see their friends and even meet new ones, gamers all over took to virtual games. Now, with the advancement of VR there are endless opportunities for those who wish to play online.
The global video game market size was valued at USD 195.65 billion in 2021 and is expected to grow on average 12.9% annually for the next few years. This is a massive spike in a once frowned upon industry. In the past iGaming was considered a waste of time but with the rise in online socialization it has become one of the most popular forms of online entertainment.
This industry is growing and with it so are the opportunities to make money. If you’re thinking about getting into online poker, now is the time, as it can either work it full-time of maybe a passive income to help pay from bills. With the right platform and a bit of luck, you could be the next big winner in the iGaming industry.