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.
BatBulo4ka 5 thousand a day - well, this is no longer a player, but some kind of investor. It is quite reasonable to limit it.
CertifiedNiggur And then they wonder why the players are paranoid... Even dealers can no longer be trusted.
ImBrainless Damn, how sick these casinos are with their blocks! I had a situation in the pin-up, just when a big win was shining - 8k. And what do you think? They blocked the under the pretext of "suspicious activity". Two months of correspondence, and only after threatening to write to the regulator, the money was returned. Now I check 100 times where I go. Thank you for the article, a relevant topic!
Spartan113 Informative, thanks to the author! Now I will know that this has happened. The lesson for the future is to check everything three times.
MisterM1mba One thing is clear – if the software is buggy, then it is a casino problem. Why should a player suffer?
Yukiiihira The coefficient for the passage of the Villa is almost 10! I took it purely for fun, you never know, suddenly like Barca once.
But we have a choice - to play or not to play. No one is forcing you. And in legal casinos, the limits are such that you can't even get high.