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SportsBet.io claims ‘hugely successful’ first month

| By iGB Editorial Team
Bitcoin sportsbook operator SportsBet.io has said it was able to enjoy a “hugely successful” first month in business.

Bitcoin sportsbook operator SportsBet.io has said it was able to enjoy a “hugely successful” first month in business.

Launched shortly before the start of this year’s Uefa Euro 2016 national football team tournament, SportsBet.io has paid out more than €509,800 ($563,620) worth of Bitcoins to players.

The company has processed over 19,000 individual bets, with a wager placed on average every 27 seconds.

The largest single win was 8,650 mBTC (£4,230), through a bet on an MLB baseball match between the Kansas City Royals and Houston Astros.

A total of 33% of wagers were placed on mobile, while the 22 lotteries that were held during the month paid out 76 million Bitcoins to winning players.

Joe Jordan, spokesperson for SportsBet.io, said: “As part of our desire to be an open and transparent Bitcoin sportsbook, we felt it would be nice to share some numbers with the community from our first month of activity.

“As the numbers show, it has been a hugely successful launch for both ourselves and many of our punters who have cashed big wins during Euro 2016.”

Related article: Craig Wright identifies himself as Bitcoin founder

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