US Bettors Flock to Crypto for Faster Payouts

A recent survey by Sweepspulse.com has revealed that nearly one-third of all U.S. bettors are using cryptocurrency to fund their wagers on sweepstakes platforms and other forms of gaming.

The study found that 34% of U.S. gamblers reported using cryptocurrencies at least once when betting, with Bitcoin being the most commonly used digital currency among them, followed closely by Ethereum and USDT.

The rapid payout process associated with digital currencies is driving much of this growth, as crypto users report an average withdrawal time of six hours, which is significantly less than traditional banking options that can take several days to withdraw funds.