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One of the newest ways to use bitcoin online is on online casinos that feature slot games and live casino games, usually with real money prizes.
A bitcoin poker site was launched earlier this year. A new site is being created with a new payment option called “cash” that will work with real currency and not just bitcoin. Currently, bitcoin gambling has been restricted to sites that allow the use of a Bitcoin debit card.
In addition, bitcoin is gaining popularity as the most widely used online form of payment in the United States. Many retailers now accept Bitcoin, and even big banks and credit card companies like Chase and Bank Of America accept bitcoin.
Bitcoin has made its way into other kinds of financial products as well, like stocks and real estate. It has also made its way into many forms of commerce, including online gambling and virtual currencies in online gaming websites. Bitcoin is also increasingly being used in China as well.
The future for online casinos
Online gaming was already experiencing a huge boom in 2012. The amount of money invested in the industry doubled year over year to 538 million U.S. dollars (2014, 495 million U.S. dollars), according to the National Gambling Impact Study conducted by GRI. In addition to investment, the industry is also seeing an increase in revenue.
The online gambling market will reach $6.5 billion ($7.1 billion US dollars) by 2018. By then, the combined revenue of online gambling companies will reach $35.1 billion.
However, this growth will not last forever. As the demand for gambling grows, there might even be competition from new types of gambling sites such as online poker.
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