Crypto casino revenue reached $81.4 billion in 2024 — a 5-fold increase from 2022

Explosive Growth Is Banned: How Crypto Casinos Make Billions

According to the Financial Times, the crypto casino industry continues to rapidly gain momentum — in 2024 alone, their combined gross revenue (GGR) reached $81.4 billion, which is five times more than two years ago. What is especially noteworthy is that most of these platforms operate outside the legislation of their target countries, but this does not prevent players from entering through the VPNs, mirrors, and other ways to bypass blocking.

Stake, Rollbit, Roobet: Crypto Giants at the Level of Industrial Titans

The largest players include Shuffle, Stake, and Roobet — companies registered in loyal jurisdictions: Curacao, Malta, the Isle of Man, and Gibraltar. Their turnover is already comparable to such gambling sharks as Flutter ($14 billion), Entain (£5 billion) and Bet365 (£3.7 billion). Stake alone earned $4.7 billion last year, showing an increase of almost 80%.

No rules = increased risk

Experts are sounding the alarm: the absence of deposit limits, weak or completely absent identity verification (KYC) procedures make crypto games especially attractive for minors and gambling addicts. Add to this countries like China, where gambling is completely prohibited, and you get an ideal shelter for uncontrolled gambling.

And the instability of cryptocurrencies only exacerbates the situation. One of the former addicted gamblers recalls:

"When the bitcoin was growing, I thought it was my 'passive income'. And when he began to fall, he played to 'win back'. And everything went down the drain."

Influencer marketing and football

One of the growth drivers is aggressive marketing. Bloggers and streamers, including those on Twitch and YouTube, massively advertise crypto casinos, and at the same time share schemes on how to bypass geo-restrictions.

Some of the platforms have reached the level of sponsors of football clubs:

• Roobet and Rollbit support Chelsea and Leicester,
• Stake is an official partner of Everton.

The UK Gambling Commission has already issued a warning to all three clubs: cooperation with unlicensed operators can pose a threat to fans and the reputation of the sport.

Inference

Crypto casino is no longer a niche, but a full-fledged industry with billions in turnover, influence on sports, and obvious ethical risks. And while some argue about legalization, others have been playing for a long time — without knowing boundaries.