0
0
The global, and especially American, online casino industry continues to thrive, with impressive numbers of new members joining. There’s no question that with the COVID-19 shutdown, the need for online casinos has gone through the roof, and the love affair hasn’t stopped since. A great reason for the growing love affair for online casinos is the continued rise of sweepstakes casinos. Otherwise known as social casinos, social casinos are generally available in more areas than traditional real money casinos.
However, although they are primarily offshore, crypto casinos continue to play a massive role in the dominance of the global online casino industry. Thanks to technology, crypto, and blockchain are playing a greater role in the emerging social casino scene.
The Role of Crypto Casinos
With American online casinos being legal for over ten years now, it is easy to fall into the false notion that they have always been legal. In fact, one of the main reasons why states like Delaware and New Jersey rushed to legalize online casinos in their states was to combat the amazing popularity and dominance of crypto casinos.
With the rise of broadband Internet in the late 2000s and the switch to HTML5 technology, the stage was set for blockchain technology to up the game visually and performance-wise for online casino play. Because American players prior to 2012 didn’t have legal online casino options, they were taking a risk signing up and betting at the early offshore online casinos because of the credit card charges that would get flagged.
However, with crypto casinos, the banks were taken completely out of the equation with crypto wallets to manage Bitcoin, Bitcoin Cash, Ethereum, and more. The key to crypto is that it works on a decentralized blockchain technology and smart contracts. Blockchain creates a peer-to-peer smart contract between the player and the online casino through a series of node transactions. With this impregnable data, American online casino players in droves began joining crypto casinos, as well as autonomy.
Crypto Casino Autonomy
Crypto casinos continue to draw crowds because of the amazing privacy and autonomy that comes with them. In addition to private transactions that don’t involve banks, most crypto online casinos don’t require their users to enter a lot of personal information either. Usually, just a username and a password are all it takes to join a crypto casino.
As great and tremendous as legal online casinos are, they are only available in seven states at this time. However, states like Texas and New York are working to legalize online casinos. In the meanwhile, social casinos continue to take off like a rocket to help fill the growing demand for iGaming play. Available in over 40 states, more and more American online gamblers have legal online casino options. Social casinos continue to benefit from the established techniques of real money and crypto casinos, especially crypto, because of their autonomy.
In fact, many social casinos follow the crypto casino registration model that only involves new members entering a username, a valid email, and a decently strong password to get going. In less than two minutes, new sweepstake casino members can begin rolling in thousands, even a million, of free gold coins. Not having to immediately have to use your legal name invites makes players feel more comfortable in joining the massive social casino tournaments.
Daily and social casino tournaments are major marketing elements for social casinos. These tournaments are so high-profile that the top winner can literally walk away with millions of gold coins. So, you can imagine all the bruised feelings that could come from the other members. However, not having personal information can help prevent members from being doxxed or cyberstalked, which continues to lead to a more pleasant online gaming experience.
The early social casinos were limited in their purchase options to buy gold coins. However, the new sweepstakes casinos not only incorporate popular e-wallets like PayPal and Apple Pay but also the top crypto payments. Not only do the new social casinos use Bitcoin, but they also use Ethereum and Litecoin. As an added bonus, many of the top social casinos that support cryptocurrency also use them for the redemption process.
