Oklahoma Casino Begins Accepting Cryptocurrency For Wagers

Cryptocurrency investors have been rewarded handsomely over the last year as Bitcoin has surged from a value of around $16,000 to a peak of more than $100,000.

Now, at least one casino is allowing gamblers to wager some of that crypto.

Choctaw Casino in Durant, Oklahoma, is now allowing guests to plunk down some crypto for slot machine and table game play. The new service is part of a new partnership with crypto transaction firm Bitline and slot developer and financial technology firm Everi Holdings.

The companies are combining efforts on a new cryptocurrency-based liquidity system and this is believed to be the first land-based casino allowing gaming using crypto assets. On the other hand, several online casino platforms have accepted cryptocurrency for about a decade.

“We’re thrilled to be the first in North America to offer our guests another way to play,” Choctaw spokesman Thomas McDonald said. “Through our partnership with Everi, we are leading the way with innovative solutions to keep our guests’ funds accessible and secure.”

Which Currencies Are Accepted?

Crypto gamblers can use Bitline’s system to create a wallet and can then use that at Choctaw. The property accepts Bitcoin, Ethereum, Tether, or Circle.

Bitline says its system streamlines asset verification and transfer for quick and secure transactions. At the property, crypto users will be given a casino voucher to use when wagering.

“This collaboration marks a historical moment for both the casino and blockchain industries,” Bitline CEO Richard Jones said in announcing the launch. “We’re stepping into an era where digital assets can enhance the gaming experience for everyone.”

Will Crypto Gaming Catch On?

Will gamblers be ready to pony up and wager with crypto? Will other casinos around the country follow suit?

That remains to be seen, but some may show hesitancy in embracing the technology. Some properties in the past have been hesitant to embrace virtual asset gaming because of money laundering and know your customer concerns.

Others may not see the new gambling option actually attracting enough customers to justify the effort. It may be interesting to see how things play out in the coming years.

Many high-stakes poker players, such as Doug Polk, are also fans of virtual assets. That interest has even carried over to the White House.

Billionaire entrepreneur, author, and investor David Sacks was recently appointed as the Trump administration’s crypto czar. Sacks is also a poker player with $48,000 in tournament winnings and has made a few appearances on Poker After Dark.

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