Crypto gambling is the future, at least according to millennials. This demographic, along with their Gen Z counterparts, are choosing provably fair games over traditional RNG-based ones at online casinos.
Crypto now accounts for 25% of online betting payments, with most of that coming from younger players. While many casinos offer both types of games, crypto casinos are a big draw for players who prefer to play only provably fair games.
Men make up more than 62% of the players at Bitcoin and other crypto casinos, but the percentage of women joining these casinos is steadily growing each year. Across the board, these players tend to be more tech-savvy and prefer a mobile gaming experience.
So, what’s behind the shift toward provably fair games? Key reasons include transparency and convenience, as generational differences.
Transparency
Millennials prefer the transparency of provably fair games, mainly because they can check the outcomes themselves. While RNG games go through their own system of checks and audits, they still largely require players to place trust in the casinos when it comes to fairness.
With provably fair games, gamblers can take matters into their own hands to measure outcomes. By matching seed numbers, players can see concrete evidence of fair outcomes with their own eyes. This builds trust and overall confidence with the casino, which is what keeps many younger players coming back.
Convenience
Crypto gambling offers much more than just provably fair gaming. It also comes with benefits like instant payouts, special casino crypto bonuses, and anonymous online security.
Millennials came of age during the 2008 financial crisis, and tend to trust banks less overall. Crypto allows them greater control over their money, which they can monitor and move freely on the blockchain. Younger people also have less disposable income so they embrace the low transaction fees of crypto payments.
They’re also more savvy when it comes to online anonymity, which provably fair casinos provide. With many crypto casinos skipping KYC checks and accepting third-party wallets for payment, millennials feel safer making private transactions.
Generational Factors
Another reason for the popularity of crypto and provably fair gaming among younger players is a relatively simple one: they grew up with it. Smartphones, online gaming, and electronic payments have been a core part of life for millennials and Gen Z players. There’s generally less of a learning curve for gamblers under 35 than there is with older generations.
Male players especially make up a large section of the market when it comes to online gaming, which starts in their teens with Xbox and mobile games. Women tend to prefer the social aspects of gaming, which they can now find at Telegram-based crypto casinos.
Provably fair casinos show that the industry is adapting along with its audience, responding to the habits of the next generation of players.
