Virtually in Vegas: The Role of Crypto in Online Live Casinos
For casino enthusiasts, the rise of the online casino industry provides a convenient alternative for those looking to play without having to leave the house.
According to data from Custom Market Insights, the global online casino market is expected to reach $56.8 billion by 2033, more than double the $19.7 billion valuation reported in 2024.
A few factors associated with this rapid growth are the development of technologies like virtual reality (VR) and augmented reality (AR), which are used to create more immersive and engaging casino experiences.
Additionally, market researchers note that the rise of blockchain technology and cryptocurrencies helps add new degrees of security and transparency to online transactions. This helps increase customer trust in online casino sites and platforms.
Thanks to continued technological innovations, online casino providers have continued to offer new features and games.
This includes live dealer games, which offer new ways for players to interact with and play online casino games. In this post, we’ll take a look at the rise of online live casinos and how cryptocurrency is helping boost the novel market:
Live casinos vs regular online casinos
As mentioned, many avid casino-goers view online casinos as a convenient alternative, allowing them to play the same casino games and machines they would encounter in regular, physical casinos.
Online live casinos, on the other hand, use live and real-time footage of dealers to provide a more immersive and dynamic online casino experience compared to computerized or AI dealers commonly seen in regular online casinos.
Nowadays, online casino providers offer various live casino games for players to enjoy. Crypto betting site Thunderpick offers different Bitcoin live casino games, from the classic Casino Hold’em and Blackjack Live to more niche offerings like Monopoly Live, Football Studio, and Cash or Crash.
These online live casino games provide added interactivity as players can not only chat with the live dealer, but with other players at the same table, simulating the feeling of sitting at a real casino table.
At the same time, online live casinos provide peace of mind compared to physical and other regular online casinos. Thunderpick, for example, provides high-quality live dealer games from reputable providers like Evolution Gaming.
The site also makes it super easy for players to withdraw and deposit their cryptocurrency bets and winnings — from popular coins like Bitcoin, Ethereum, and Litecoin to other digital currencies like Dogecoin, Tron, and Ripple — without additional fees, so players don’t have to worry about managing or losing their funds.
Players who are especially wary about handling large transactions can also rest easy thanks to the support of established payment and deposit methods from Apple Pay, Google Pay, VISA, and Mastercard.
Crypto and online live casinos
As mentioned above, many known online live casino providers nowadays support cryptocurrencies as an alternative and more secure payment method. For casino-goers who may not be able to physically travel to casinos or are hesitant about making online financial transactions, the introduction of crypto support makes online live casinos more appealing.
Casino and hotel company Caesars Entertainment recently entered a partnership with Evolution Gaming, the leading casino gaming tech provider. The partnership saw the launch of Caesars’ first branded online casino live dealer studio in Pennsylvania, contributing to the growth of the online live casino market in the US.
The studio features five blackjack tables — including a VIP-exclusive table — and a roulette and baccarat table. To help attract casino-goers, players in the US can earn Caesars Rewards Credits through both online and in-person casino play, which are later redeemable at over 50 Caesars destinations across North America.
While Caesars’ initiative focuses mainly on its own credit and rewards program, it’s certainly a good sign that established and reputable casino providers are positive about digital currencies.
A piece on Nevada’s casino industry on The Nevada Independent highlights this gradual progress throughout the state, including the use of Bitcoin ATMs at D Las Vegas and Circa Resort & Casino.
These days, cryptocurrency use is still most commonly seen through Vegas as a form of currency for non-casino-related activities, such as gift shop purchases and for food and beverages.
However, industry executives at established casinos like MGM Resorts International have also looked into potentially allowing crypto use for limited casino-related transactions, provided they remain consistent with all applicable laws and regulations.
As casinos continue to remain a popular form of entertainment, younger and more tech-inclined users with disposable income find them more appealing.
The growth of immersive and dynamic live dealer games, paired with the integration of blockchain and cryptocurrencies, helps provide digital convenience and security without compromising the fun of gambling.
If you enjoyed this post, you might like our post on the Color Brain Test Game, which can help train your brain and teach you to develop strategy-making skills that can give you an edge at the casino.