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CS:GO Lounge handled over $1 billion in bets this year
E-SPORTS SKIN-BETTING WAS A BIG MONEY SPINNER
CS:GO Lounge handled over $1 billion in bets this year.
The now largely prohibited skin-wagering potential of eSports games has been illustrated by a new report on the partially-shuttered CS.GO Lounge, claiming that the site handled over $1 billion worth of bets this year before it closed down wagering in the midst of a skin betting scandal.
The Legal Sports report reveals that the site handled over $1 billion worth of bets in 2016 before shutting down its skin betting operation in August.
The Daily Dot picked up on the report and noted that roughly 103 million skins bet on around 2,800 matches throughout the year, averaging almost $10 per skin, and 37,000 virtual items per match.
Some of the more popular games attracted more action than others, the Dot observes, flagging one ESL One Cologne event this summer that saw the exchange of over 320,000 skins, with matches in that tournament attracting well over $1 million worth of bets per game.
After the Valve warnings in the skin-betting issue, CS.GO Lounge ended this lucrative business by banning skin-betting. The site now relies on a coin betting business model in which newbies are offered 100 coins on creating an account, but at present there is no indication of whether other methods of earning or buying more coins will be introduced.
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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