Crypto casino revenue hit $81B in 2024 despite global restrictions
Crypto casinos generated over $81 billion in revenue in 2024, with a fivefold increase since 2022, despite regulatory blocks in the U.S., China, the U.K., and the EU. The gross gaming revenue (GGR) from crypto wagers reached $81.4 billion. The platform Stake reported a GGR of approximately $4.7 billion, an 80% increase since 2022, competing with major gambling groups like Entain and Flutter. Stake offers traditional casino games and sports betting, with transactions primarily in crypto. In 2023, Stake suffered a hack resulting in a $41 million loss, attributed to the North Korean hacking group Lazarus. Users access blocked crypto gambling sites via VPNs, with guides and tutorials available online. Pre-verified crypto casino accounts are being sold on social media for as little as $10.
