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Global Betting on Super Bowl Set To Reach $20B This Year – Online Sportsbook and Casino Cloudbet Estimates $500M could Be Bet in Cryptocurrency

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When the Chiefs and Eagles face off in the Supe Bowl this Sunday in the United States, sportsbooks around the world will be taking bets on everything from the outcome of the game to the time it takes country star Chris Stapleton to sing the National Anthem. Cloudbet, an online casino and sportsbook specializing in betting with cryptocurrency, estimates that by the time the game is over, those bets will add up to upwards of 20 billion US dollars in total value.

“Several states across America have legalized sports betting over the past few years, pushing trade groups there to estimate at least $16B in US turnover alone for the 2023 Super Bowl”, said a Cloudbet spokesperson. “We see the US market making up about two-thirds of Super Bowl betting, meaning at least $20B in worldwide turnover is entirely possible”.

Of that $20B, Cloudbet sees a potential for $500M or more to be bet in cryptocurrency. “We’re watching two trends happening across crypto that predict a big Super Bowl bet total for crypto this year”, the spokesperson said. “First, there is the general, growing adoption of cryptocurrency as part of corporate and personal portfolios around the world. And second, record user growth on our own platform last year points to a growing appetite for crypto adopters to not only bet on crypto, but to bet with crypto as well”.

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Gambling advertising during sports events has also impacted growth, according to Cloudbet. “We don’t currently pay for broadcast advertising or sponsorship during sports, because we prefer to put that money into attracting users through better odds. But the truth is those ads work, and organic traffic to our site continues to rise as more and more people search for where they can bet on sports online, and where they can use crypto to place bets as well”.

With at least 100M global viewers tuning into the Super Bowl this year, some sportsbook advertisers are expected to spend heavily on ads during the game. That will mean a lot of interested sports fans searching “where to bet online” on Sunday. If even a relatively small percentage of those create new accounts and stick with betting into next season, the 2024 global totals could be much, much higher.

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Cryptocurrency

TG.Casino Signs Partnership with AC Milan

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AC Milan and TG.Casino announced a new partnership, which sees the crypto casino platform become the Official Regional iGaming Partner of the Rossoneri in Europe.

This new collaboration between two frontrunners in their own fields offers a great opportunity to create something new and innovative. This partnership demonstrates the platform’s intent to take on and beat the iGaming competition to become the ultimate destination for all ambitious players. The deal catapults TG.Casino into the top ranks of GameFi by bringing the brand into the living rooms and onto the mobiles of tens of millions of consumers all over Europe.

Through this new partnership, $TGC token holders will have the chance to win lots of experiences offered by the Rossoneri club. From visits to the Milanello training centre to winning official AC Milan jerseys and VIP access at the San Siro stadium, football fans will have the chance to enjoy unique and exclusive experiences.

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The new partnership provides AC Milan with a new fan engagement tool, creating bespoke experiences, which aim to give them more access, and bring them even closer to their beloved Club.

The post TG.Casino Signs Partnership with AC Milan appeared first on European Gaming Industry News.

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Cryptocurrency

Hub88 strikes exclusive partnership with crypto giant Stake.com

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Hub88 has entered into a partnership with Stake, which will see it become the exclusive aggregation partner to the trailblazing crypto behemoth.

Through the alliance, Stake will integrate the entire content portfolio of Hub88 and provide its players with games from 120+ of the industry’s most sought-after studios.

As well as hit slot titles, Stake will benefit from live dealer and other iGaming content available via Hub88’s premium platform offering, as well as value-added propositions such as HubWallet Banking, Crypto Payments, and chat services which is part of the provider’s ecosystem.

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Stake is a community-based betting platform that was established in 2017 and quickly became the world’s biggest cryptocurrency sportsbook and casino. The operator also has a substantial sweepstake casino offering, providing free-to-play casino experiences to users.

The exclusive deal is an extension of an already successful partnership between the two brands and will help both companies significantly propel their ambitious commercial growth goals.

Mark Taffler, Commercial Director of Hub88, said: “We’re delighted to take our relationship with Stake to the next level. Fundamentally, we come from the same place as crypto is at the heart of what we both do.

“We will now be able to work even more closely with Stake. and help them boost their business by providing our best-in-class tech offering, content supply and account management while further adding value by delivering our business-enabling propositions such as Banking, Crypto Payments, and our HubWallet solution.”

Eddie Craven, Owner of Stake, said: “We’ve grown to trust Hub88 implicitly and their transparency and approach to business makes us secure that we are provided with the best content offering with a superior tech stack and back-end support.

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“Hub88 is genuinely an extension of our own business and as a trusted and well-established partner, we’re super excited to take this to the next level.”

The post Hub88 strikes exclusive partnership with crypto giant Stake.com appeared first on European Gaming Industry News.

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BitLine

BitLine Enhances Onboarding Experience in Collaboration with Jumio: Simplified KYC for Casino Patrons

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This collaboration emphasizes convenience, security and regulatory compliance

Through the BitLine app, users can seamlessly transact with up to US$10 million in casino chips 24/7

BitLine, a pioneering provider in the integration of digital assets for direct access to casino chips, proudly announces a strategic alliance with Jumio, an industry leader renowned for its comprehensive know-your-customer (KYC) solutions.

This partnership marks a significant milestone as BitLine streamlines its onboarding process for casino patrons, ensuring a seamless and secure journey into the realm of digital asset-based payments for gaming.

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The collaboration between BitLine and Jumio signifies a commitment to delivering unparalleled convenience while upholding the highest standards of security and regulatory compliance. By leveraging Jumio’s advanced technology, BitLine reinforces its dedication to building trust among users and offering a frictionless experience for individuals seeking access to casino chips via digital assets.

Richard Jones, the Chief Executive Officer for BitLine by Ibanera, expressed enthusiasm about the partnership, stating: “Trust and compliance are the cornerstones of every successful casino venture. At BitLine, our vision to innovate this industry through digital assets hinges on maintaining trust and adherence to regulations. Our collaboration with Jumio represents a monumental stride towards achieving this vision, ensuring that casino patrons transact securely and confidently through our platform.”

Echoing this sentiment, Robert E Prigge, the Chief Executive Officer for Jumio, commented: “The evolving landscape of digital assets presents endless possibilities and BitLine’s innovative approach has reshaped the casino industry. By eliminating withdrawal limitations and expanding accessibility, BitLine has ushered in a new era of gaming. We are thrilled to contribute to BitLine’s journey by providing essential elements of security and compliance.”

BitLine by Ibanera grants cryptocurrency owners unprecedented access to up to US$10 million in casino chips, 24/7/365, serving as a conduit for liquidity on the casino floor. Through the intuitive BitLine app, casino enthusiasts worldwide can initiate transactions within minutes, leveraging their digital assets to unlock funds effortlessly.

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