A new report estimates that crypto casinos hit revenue of $81bn last year, a five-fold increase compared to 2022 figures. Yield Sec conducted the research and found that these platforms have exploded in popularity despite jurisdictions like the UK and US trying to block access to them. People use VPNs to bypass these blocks and are often directed to sites like Stake and Roobet from gambling streamers and influencers.
The former’s gross gaming revenue got close to the $5bn mark last year, which is comparable to the $4.77bn DraftKings generated in 2024. While Stake also accepts fiat currencies, it is seen predominantly as a crypto platform.
tens of millions of people worldwide use crypto casinos
Yield Sec’s research estimated that tens of millions of people worldwide use crypto casinos, and deposits are an average of ten times greater than at regulated gambling sites.
Those who warn against the use of crypto sites point to the lack of consumer protections and the volatile nature of crypto prices, which can add extra risk to the equation.
