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Does the Corona virus has an impact on online gambling?

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@fullcoverbetting
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Well we are at the moment in a worldwide health crisis. There is no denying possible. Lots of governments are taking drastic measures to decrease the spreading of the corona virus. Even measures which will hurt there economy. One of the most taken measurements is self quarantine at home. One can looks at it as house arrest.

What to do when at home?

We are taking here about people who aren't sick or only do have a mild version of the virus. While the globalisation/modernisation gave the virus the possibilty to spread with a past we have never seen before.
Technology eases the discomfort of those people a little bit. So online gaming, Netflix and sibling and so on are prospering. Just like online shopping and this time this online shopping also includes lots of food!

So, what about online gambling?

Some Casinos in Asia have temporarily shut their doors. People are bored at home and trying to find something to distract them from the current situation. So online gambling is one of the option these people do have! I do expect record breaking figures for these companies. From respected online casinos with fiat deposits, to online sportsbook but also crypto related gambling dapps.

All of this will drive extra people towards online gambling. And once the doors are open, it will be hard to shut them down again. We will have to make a distention between the ones who do have a fiat gateway and the ones who only do have crypto gateways. It will be much easier for the fiat casinos to attract more gamblers. But the cyrpto casinos do have the advantage that with each bet, you more or less buy a share of their profit. When placing a winning bet, you are getting if for free, when loosing the bet you will pay more for it than it is worth.

In the past days I have been buying some more shares of Wink. Wink is a Tron based casino, which is planning to add a fiat gateway. They also have already lots of gambling licenses and are a customer of evolution gamings (Monopoly live and Dreamcatcher among others). Wink does have split their gambling platform into 3 parts. The Dice part, the live part and the poker part.

In the Dice section one can find the typical gambling games know for the crypto bettors, like Dice and Moon. In the live section there are a lot of games and the slots. But also, they are running in front of their roadmap, the sportsbook. Okay the odds are on the lower side but they do have a shitload of games to bet on. Finally the poker section. They do have SNGs and Cash games. I have been playing on the cash tables and I have to admit that these are pretty soft.

Each section has their own token. So combined with the overarching Win tokens, they do have the Dice, Live and Rake token. The profit of these sections are shared with the token holders of the section. In the past days I have seen the payout increasing.

The payout are in TRX, but I am also getting small pieces of USDT.

Each time an extra country takes extra measures, the amount wagered will increase. People are trying to find distraction for the current situations! So, now is maybe the time to invest in crypto gambling dapps, because they are on the verge of getting mass adoption.

If you want to try out Wink, feel free to click on this link and use my referral link.

The impact on the steem gambling dapps is non existing. The steem gambling dapp is only used by a handfull of people.

Cheers, Peter