When Bitcoin's price drops, many people end up losing money and become discouraged by the market. But online casinos continue to operate normally and receive bets every day.
This makes me wonder: do casinos actually earn even more during these downturns? After all, some players may gamble to try to "recover" what they lost.
Or is it the other way around? Since players have less money available, do they bet less, and do casinos also make less profit?
I prefer the former to the latter. Gamblers will always gamble regardless of market conditions. They may have less than their usual bankroll, but they will continue to play; old habits of gamblers don’t easily die. Despite a market shift, casinos continue to engage in massive marketing efforts, even in a bear trend.
Casinos derive their profits from their users playing in their bankroll and not from cryptocurrency fluctuation.
There may be a drop in profit, but as long as the number of gamblers and their deposits remain stable, they will continue to make a profit.