Crypto betting platform Stake reportedly had revenues of $4.7 billion in 2024, rivaling traditional betting platforms.
Crypto casinos generated more than $81 billion in revenue from betting in 2024, even as regulators in key jurisdictions continue to block access to the platforms, according to a new report.
Citing data from the anti-online-crime platform Yield Sec, the Financial Times reported that wagers paid in crypto in 2024 generated $81.4 billion in gross gaming revenue (GGR). This metric refers to the difference between bets taken and winnings paid out.
Yield Sec data also showed that the annual revenue for crypto casinos increased five times since 2022 despite gambling sites being blocked in the United States, China, the United Kingdom and the European Union.
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