Just recently, rapper Drake won $1.2 million of Bitcoin on his Super Bowl LVII bet on the Kansas City Chiefs. Bitcoin gambling is still going strong a decade on.
SatoshiDice was one of the first Bitcoin gambling sites to launch back in 2012 - where hundreds of thousands of Bitcoins were gambled away (back when they were worth very little!). There are even a couple of Vegas casinos - like the D in Las Vegas - that accept Bitcoin too.Ĭrypto gambling works the same way as gambling with dollars, pounds, or any other fiat currency - you place your bet and you win or you lose. In the same way you can head to the casino in your city and spend those hard-earned dollars, you can head to a Bitcoin casino online and gamble your crypto there. In this guide, we're looking at everything you need to know about crypto gambling, including the hazards involved, how to find the best crypto gambling sites, whether crypto gambling is illegal, how you might be taxed if you manage to win anything, and more. But as with all things crypto, crypto gambling comes with its risks (and taxes). Whether you're looking to win big by betting crypto on the Super Bowl or simply passing the time while you hold, there are plenty of Bitcoin casinos to pick from.
Crypto gambling is a popular pastime for investors, with the global crypto gambling market size estimated to reach more than $90 billion by 2024.
