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EURO 2016 Sees BTC Flow to Sports Betting Sites



Bitcoin sports sweepstakes site Sportsbet.io has seen a 20% increase in stakes in just two weeks of the EURO 2016 championships.

Also read: Bitcoin.com Launches a High-Stakes Casino

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EURO 2016 Attracting Bitcoin Users

EURO-2016-soccer

Coin Gaming’s new site, which launched June 1 with technical support from sister site Bitcasino.io, has demonstrated the continued interest in Bitcoin as a betting tool.

“This summer’s European Championship action has been really exciting so far and there is still a lot more to come, both on the pitch and on Sportsbet.io,” SBC News quotes Sportsbet.io spokesman Joe Jordan as saying.

Prior to the launch, Sportsbet.io also offered pre-registered users the chance to win a pair of tickets to EURO 2016, as well as an all-inclusive package holiday to host country France. The 300 BTC prize jackpot was meanwhile initially greeted with suspicion, with calls by users for proof of funds going unacknowledged.

After around three weeks of operations, however, the enthusiasm which has captured the Bitcoin gaming market in recent times shows no sign of slowing.

Mobile markets appeared as a particularly strong area of use, with 52% of bets being placed via mobile channels: 45% on smartphones and 7% on tablet devices.

“This summer’s action is going to come thick and fast and so will the prizes, there really isn’t a better time for Bitcoin users to get involved,” a buoyant Jordan said in a press release issued earlier in June following the site’s first successful week of operations.

The release also promised a total of 350,000 pre-match events per year being available, with 70,000 events during “prime months.”

2015 ‘Important for Industry Awareness

s1-1900x700_cCoin Gaming’s fledgling empire had seen dramatic growth even prior to Sportsbet.io’s launch. Data released for 2015 from Bitcasino.io showed a 1,370% increase in turnover in the period to December 31, with over 24,150 BTC ($15.9 million USD) in jackpots being offered.

Spokesperson Mark McGuinness said commenting on the results:

Bitcoin gambling continues to gain mainstream acceptance amongst players, particularly the millennial demographic and it will continue its growth trajectory into 2016 and beyond.

He added that “player acceptance of Bitcoin as a ‘seamless gambling chip’” was at the heart of Bitcasino.io’s success and that 2015 “was an important year for industry awareness.”

McGuinness also appeared confident prior to Sportsbet.io’s initiation in April.

“Given the success we have had with bitcasino.io, we are confident that [Sportsbet.io] will become the premier sports betting destination for all Bitcoin players across all devices,” he said.

What do you think about the rise of Bitcoin betting? Let us know in the comments section below!


Images courtesy of sportsentertainmentattorney.com, coin-turk.com, ibtimes.uk.co



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