I believe the DMG states blindsense can come in different forms. Echolocation for a bat or tremorsense for another creature. So what is the basis of the Dragon's blindsense.
The DMG states blindsense allows the Dragon to sense the presence of other creatures in range, it does not say anything about magical effects.
I do think that the dragon should be allowed a spell craft check. If it succeeds, then it would probably manuever to negate/ avoid the wizards tactic.
Assuming you rule the Dragon does not avoid the WoF because the Wizard is casting a readied spell, then I would assume the Dragon would take falling damage based on the distance traveled during that round. Calculating the damage as falling damage, but DR would apply.
The DMG states blindsense allows the Dragon to sense the presence of other creatures in range, it does not say anything about magical effects.
I do think that the dragon should be allowed a spell craft check. If it succeeds, then it would probably manuever to negate/ avoid the wizards tactic.
Assuming you rule the Dragon does not avoid the WoF because the Wizard is casting a readied spell, then I would assume the Dragon would take falling damage based on the distance traveled during that round. Calculating the damage as falling damage, but DR would apply.