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Esports & Online Casinos Growing Leaps & Bounds Amid Corona Lockdown

Author: Coinpedia

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Crypto Journalist and Editor of guest articles in CoinPedia. I am also handling Outreach & Partnerships Manager. Contact me: [email protected]

    It is not wrong to say that desperation has hit hardcore sports fanatics. Most of the sports league, even the Olympics, have come to a standstill amidst this COVID-19 lockdown. Desperate habitual sports-watchers are finding solace in binge-watching earlier seasons. 

    Coronavirus & Gaming Industry – Online Casinos & Esports on Rising

    As people are restricting their outdoor activities, physical casinos are at the receiving end of this Corona Pandemic. Now for most of the business, this situation has created an uproar, but the online activities have seen a definite impressive surge. Online betting games have seen a 25% jump in revenue thanks to the convenience it offers in terms of betting from your own place without the need to step out.

    Coming to esports, Esports sites have seen a spike in day-day users for obvious reasons. With locked-down people flocking to e-sports and betting based on these games in the absence of traditional betting avenues, gaming companies have increased their esports offerings.

    Blockchain & Online Games Fit Together 

    One of the main reasons for online crypto sports betting games to gain popularity is their payment mode. Cryptocurrency payments utilized on these sites means you won’t be bothered by the interference of any third-party for payment or any other aspect. 

    Also, with increasing popularity comes more security risks, users want for more security capabilities has become a necessity. When betting money is at stake, online betters have to be confident that profits are returned. 

    Blockchain, with its transparency factor, comes to aid.  Blockchain allows a record of transactions in a secure, protected ledger with a distributed, networked database structure, which is secured by hashing power. Companies associating with blockchain acts as an escrow contract for users. This removes many of the security risks currently involved with eSports and also removes the need for a third-party middleman who is likely to take a large cut.

    While COVID-19 is still wreaking its havoc, and lockdown being still indefinite; it can be rightly said that Online Casinos and eSports are thriving. 

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    Coinpedia

    Crypto Journalist and Editor of guest articles in CoinPedia. I am also handling Outreach & Partnerships Manager. Contact me: [email protected]

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