The international crypto-casino industry continues to grow. According to a recent Financial Times report, last year alone, gross gambling revenue worldwide totalled more than $80 billion. But what’s the reason for such a dramatic growth compared to previous years?
Almost a year ago, we wondered if it would soon be realistic to fund your account with bitcoins at crypto casinos. The result: in the foreseeable future, the use of cryptocurrencies for deposits or withdrawals at licensed online casinos will become impossible or even unauthorised in many European countries. Nevertheless, cryptocurrency payments are extremely popular, especially at online casinos.
Crypto Casino Gross Revenue has Surpassed $80 Billion
As reported by the Financial Times a few weeks ago, the international crypto-casino industry is expected to generate more than $81.4 billion in gross gaming revenue (GGR) in 2025 alone. Compared to the previous year, 2024, that’s an impressive five-fold increase.
The popularity of cryptocurrency payments is primarily due to the fact that they can be processed virtually anonymously. Therefore, cryptocurrencies such as Bitcoin, Ethereum, Dogecoin, Litecoin and Tether are disproportionately used, especially in the unregulated gambling market. Players can process payments quickly and easily without revealing their personal information such as name, address or bank details.
Many users use VPNs to access virtually unregulated gambling. Cryptocurrency gambling sites are generally blocked in many countries including the US, UK and China. Numerous cryptocasinos are now competing even with well-known industry giants. The ‘crypto industry leader’ Stake alone generated gross revenue of $4.7 billion last year – an 80 per cent increase from the year before.
Apart from Stake, the largest cryptocasinos on the market at the moment are BC.Game and Bitstarz.
What is the Turnover in the Traditional Online Gambling Market?
Most interestingly, the crypto-casino industry is expected to ‘overtake’ the traditional online gambling market in terms of revenue for the first time in 2025. While the global crypto-casino revenue in 2023 was $81.4 billion, the traditional online gambling sector was valued at just $69.12 billion. Even the projected amount of $76.79 billion in 2026 is still below the crypto casino industry’s gross gambling revenue in 2025.
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