crypto winter

Kentucky Derby

Kentucky Derby Betting with Cryptocurrency Continues Despite Crypto Winter

LOUISVILLE, Ky.–(BUSINESS WIRE)–US Racing (www.usracing.com), an international online horse racing service, advised that usage of cryptocurrency to place wagers on the Kentucky Derby will increase over 2018 despite the hard fall all coins faced in what has been called the Crypto Winter. “While the adoption challenge still persists, preventing widespread usage of cryptocurrency, we are seeing more punters adopting this method for wagering on horses,” said Tim Maxwell of US Racing. Nearly $150 million was wagered on last year’s Kentucky Derby (setting a new record) and US Racing expects growth in handle to increase approximately 10-12% for 2019. Although cryptocurrency represents…