How Much Money Do Bitcoin Casinos Make
The popularity of Bitcoin gambling websites has grown enormously during the last months. Entrepreneurs who decided to start Bitcoin casinos were aware of the benefits of this lucrative business, as the Bitcoin protocol offers transparency, semi anonymity and fair gameplay. Furthermore, it has become extremely easy for any gambler to create an account at a Bitcoin casino, especially since this virtual currency can be accessed by almost any player around the world while maintaining full privacy.
A recent anonymous survey was conducted on 60 Bitcoin casino operators, who were asked to reveal information on gaming revenue figures and the evolution of their online casinos. Despite the fact that only 15 of these entrepreneurs responded, the results were extremely interesting. Five out of 15 operators said that they have not seen their casinos grow, as the gaming sites only generated profit of 1 to 5 Bitcoins each month. Another 4 out of 15 respondents said that their average profit reached 101 to 250 Bitcoins, which signifies no less than $12,000 to $30,750 in monthly earnings. The most successful of them all were the operators who said that their profit per month was up to 1,000 Bitcoins and 5,000 Bitcoins, which means that every operator gained no less than $122,000 and $610,000 during each month of operation. The survey was taken in the month of September back when the price of 1 BTC was nothing less than 120$. At the date of this article the value of one Bitcoin is equal to 700$.
These large profits show the potential of this up-and-coming virtual currency, whose value is increasing daily. Gaming entrepreneurs who seek to start Bitcoin casinos can take advantage of this currency and start lucrative online gaming sites which will most surely appeal to all gaming enthusiasts who are aware of the benefits of this online business. Our company creates top gaming solutions for operators who are looking to start Bitcoin casinos.
BY CASINOWEBSCRIPTS PUBLISHED 19 November 2013