Bitcoin Expected To Break Betting Records During Super Bowl LII, Says PayPerHead.com
SAN JOSE, Costa Rica – Jan. 29, 2018 – PayPerHead.com has announced that the industry is expected to place a record-breaking amount of bets using Bitcoin. The cryptocurrency’s fluctuating value in recent months has facilitated a rise in transactions in the per head industry.
January’s Super Bowl LII is expected to generate over $5 billion USD in revenue, having generated an estimated $4.7 billion in 2017. Bitcoin’s rise to prominence in the last 12 months has convinced leading bookmakers that the cryptocurrency will account for an unprecedented amount of bets on February 4th.
“Bitcoin’s meteoric rise in value over 2017 has every professional bookmaker we work with convinced that it’s going to dominate the Super Bowl,” says Nate Johnson, Product Manager at PayPerHead.com. “The data’s there to back that up, too. At least 50% of all Bitcoin transactions are related to the sports betting industry. At the same time, that industry is expected to grow to $85 billion while Bitcoin’s value has jumped to $10,000 in value last year.”
Over the past year, Ethereum and Litecoin have also experienced a dramatic rise in value. Ethereum has achieved a value of $1,000 USD per coin. This dramatic increase in value has prompted the majority of bookies to begin accommodating cryptocurrency transactions. Nate Johnson further explains: “There’s a strong demand to accept cryptocurrency transactions. The transactions are fast, reliable, low-cost, anonymous, and extremely secure.”
PayPerHead.com’s premium per head software empowers bookies to offer over 80 sports leagues to their players, with a suite of features to engage them between every match. Its customizable dashboard and mass editing options facilitated the per head industry’s growth in 2017. PayPerHead.com also accepts all major cryptocurrencies, including: Bitcoin, Litecoin, and Ethereum. Cryptocurrencies and the Super Bowl are expected to grow the industry even further during January and February of 2018.