The euro is accepted at more online casinos worldwide than any other currency, including the former top currency the U.S. dollar.
A study by KeyToCasino found that the euro is accepted at 79 percent of online casinos while the U.S. dollar has slipped below 75 percent.
The dollar has been declining in popularity at online casinos since the U.S. passed the Unlawful Internet Gambling Enforcement Act 10 years ago. Still, as late as 20114 the dollar was accepted at 90 percent of online sites.
The British pound was third and is accepted at 58 percent of online casinos. However, the overall popularity of Scandinavian currencies, which include the Norwegian krone, Swedish krona, and Danish krone, beats the pound because Norway, Sweden, and Denmark have the highest population ratio when it comes to casino popularity, the study found.
Other currencies that have become prevalent on online gaming market include the South African rand, South Korean won, and Russian ruble.
The least popular are the Japanese yen and Chinese yuan. The Australian dollar beats the Canadian dollar in popularity because unlike in Australia, the legality of online casinos in Canada is uncertain, which results in the Canadian dollar not being widely accepted at online casinos, the study found.
