Lucky Block Predicted to Rally Following Casino and Sportsbook Launch

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Lucky Block (LBLOCK) is expected to soar after the opening of the crypto-powered Lucky Block Casino and Sportsbook earlier this week, supported by a fresh marketing push.

The $58 billion online gambling market is expected to grow substantially by 2021, and the industry’s main disruptors are the crypto entrants.

Lucky Block is entering the fray intending to become one of the most well-known names in the gambling industry, which is likely one of the most lucrative segments of the cryptocurrency market.

With its high-profile sponsorships of boxers such as Dillian Whyte, Florian Marku, and Savannah Marshall, Lucky Block, which just recently began and has already made ripples in the gaming industry, wants to compete head-to-head with the most well-known figures in the modern crypto gambling scene.

To participate in the $10,000 LBLOCK Airdrop, which will be available in December, customers need only deposit and wager any amount as part of the marketing campaign. High rollers will also receive additional bonuses and a 15% payback on any losses incurred in the first week following enrollment.

Lucky Block Plans to Overtake Stake.com in Online Betting Market

Without even taking into account the popularity of other cryptocurrency firms like Trust Dice and Roobet, market leader Stake.com is thought to be worth roughly $1 billion.

Given Stake.com’s popularity and reach, its brand is now well-known, thanks in part to its sponsorship of a Premier League soccer team as part of its extensive international marketing initiatives.

According to Custom Market Insights, the entire addressable online betting market is expected to triple in size to $145.6 billion by 2030. Lucky Block aims to imitate and surpass Stake.com’s success in this market.

LBLOCK is already prominently shown on several popular Bitcoin casino review websites, such as insideBitcoins.com, cryptonews.com, and business2community.com, a testament to the growing interest in its new casino and sportsbook offerings.

Along with the endorsements of renowned boxing athletes already mentioned, the marketing effort will involve targeted social media ads and internet advertising directed at popular crypto gaming websites and other channels.

As word of the debut of the casino and sportsbook spread among market participants, analysts’ valuations of LBLOCK, the native token of the Lucky Block platform, are expected to be subject to revision.

Lucky Block’s Casino and Sportsbook

Source: Lucky Block

Fairness and simplicity make Lucky Block’s cryptocurrency gambling attractive. However, depending on the cryptocurrency, there can be network transaction fees to pay when moving money to the Lucky Block wallet. That said, Lucky Block does not charge fees for deposits or withdrawals.

Because of its openness and quick payouts, cryptocurrency gambling is flourishing, solving two of the main issues that plague the legacy industry.

As soon as transactions are validated on the blockchain and made visible to everyone using a blockchain explorer, withdrawals from accounts are immediately credited.

Additionally, onboarding users with Bitcoin is really simple and takes less than 30 seconds. You only need to fund your wallet and enter your email address and password to get started.

Nine cryptocurrencies are supported at launch by Lucky Block Casino and Sportsbook, including Bitcoin, Ethereum, Tether, Litecoin, and Dogecoin.

Finally, there are no restrictions on the amount that can be wagered or the amount that can be withdrawn, which is another characteristic that makes the legacy sector look bad.

 

You can purchase Lucky Block here. Buy LBLOCK

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.