Crypto Casinos Set To Dominate
Online betting is booming.
According to Custom Market Insights, the industry was worth $58 billion in 2021 and is likely to triple in size to nearly $150 billion by 2030. As in so many other areas of finance and investing, crypto-based newcomers are looking to turn the industry on its head by bringing the transparency of blockchain technology to the betting world.
Unlike the legacy industry, crypto-based gambling platforms offer near-immediate payouts – crypto wallets are credited as soon as the transaction is confirmed on the blockchain. As more and more users become aware of the benefits of decentralized blockchain platforms over their traditional, highly centralized peers, crypto casinos and bookies are expected to explode in popularity.
Lucky Block Looking To Take The Industry By Storm
Since starting life less than a year ago as an NFT-based competition platform, Lucky Block has already proven highly popular. The platform already has significant traction, having secured high-profile sponsorships of famous boxers like Dillian Whyte and Savannah Marshall.
But Lucky Block recently turned up the heat on the traditional betting industry and its crypto rivals. On the 29th of November, Lucky Block released their brand-new Casino and Sportsbook. The platform features a massive range of games and options to appeal to all customers.
Today, we are pleased to announce the debut of Lucky Block Casino and Sportsbook.
Our New full-featured service includes all of your favourite gambling games, including slots, poker, live casino, table games and many more!
— Lucky Block Casino & Sportsbook (@luckyblockcoin) November 29, 2022
Lucky Block hopes that its new platform will help the company surpass crypto-betting industry leader Stake.com in value. Stake.com was recently estimated to be worth around $1 billion.
To help spur its growth, Lucky Block if offering the new users of its Casino and Sportsbook 15% cashback on any losses made during the first seven days following registration.
Meanwhile, new users that make a wager of any amount will be eligible for an airdrop of $10,000 worth of Lucky Block’s native LBLOCK token. The airdrop will go live in December.
Unlike in the legacy online betting industry, there are no limits to the amount that can be staked in bets and there are no limits on withdrawals.
Lucky Block supports nine cryptocurrencies at the moment, including the likes of Bitcoin, Ethereum, Tether, Litecoin and Dogecoin. Users are not charged for depositing or withdrawing funds from the platform. Note that users will still need to pay standard cryptocurrency network fees.
Lucky Block also makes it easy for users that are new to crypto but want to dip their toes into the water. Lucky Block has a feature where crypto can be bought directly within the platform via credit/debit card. Other fiat payment options including wire transfer, Apple and Google Pay will also soon be added.
The platform has already garnered glowing reviews on prominent crypto casino and bookie review websites, including cryptonews.com, insidebitcoins.com and business2community.com.
Is It Time To Buy LBLOCK?
LBLOCK, Lucky Block’s native cryptocurrency token, was last changing hands at around $0.0002, having recently surged as high as $0.0003 from under $0.00015 on the news of the Lucky Block Casino and Sportbook release.
Profit-taking has been weighing on the cryptocurrency in recent days, but optimistically, it seems to have found support above its 50-Day Moving Average near $0.00019 and within the $0.00017-25 balance area. LBLOCK investors will be monitoring the growth of Lucky Block the platform in the coming weeks.
Many expect the platform to perform well. Assuming that is the case, LBLOCK could well rally back to its early October highs in the $0.00075 area.
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