Stake.com - The World's largest Casino - Drake, UFC, Everton, Stake F1 Team

[TheUltraElite]

It's amazing how the brand has grown over the years. I remember when they just started out here in the forum like yesterday but one thing I have got to say is they have really excelled with their marketing and sponsorship deal that have given them more exposure. It's hard to talk about crypto casinos or online gambling platforms without mentioning stake.com

Stake was developed in the background of the success of their sister site Primedice under their parent company Mebit. While the owners understood the downfalls of primedice and the inability to include the sports betting system into it, they started developing stake. The success of stake was because of their initial userbase from primedice and also heavy marketing through social media, influencers and celebrities.

It is not easy to setup a casino in the current scenario, because now so many casinos are running well and are making profits or losses but competition keeps on increasing.

[hd49728]

Stake was developed in the background of the success of their sister site Primedice under their parent company Mebit. While the owners understood the downfalls of primedice and the inability to include the sports betting system into it, they started developing stake. The success of stake was because of their initial userbase from primedice and also heavy marketing through social media, influencers and celebrities.

It is not easy to setup a casino in the current scenario, because now so many casinos are running well and are making profits or losses but competition keeps on increasing.

I only knew that Stake and Primedice are from same owners and Stake was created after Primedice through forum members years ago but I did not know about information like both casinos are from a same parent company Mebit, as well as reasons why Stake was created.

Your information is like the main reason for creating Stake is sports betting, but years later there are more bet products on Stake and this casino has no longer had only sportsbets for users. Difference between Primedice and Stake is mainly in sportsbet, have it or don't have it.

I checked after reading your post and your information is very correct according two following articles about history of Primedice and Stake.
https://www.igamingtoday.com/the-history-of-stake-com/
https://www.thespike.gg/reviews/stake-com/owner

[Symphonized]

JUST IN 🚨

Someone needs a Dodgers comeback for a potential $500K payout

https://x.com/Stake/status/2106939461192057003

[Betwrong]

BANG! 2277x on Mines @BtcsTv

https://x.com/Stake/status/2106323385613480004

This guy wasn't staking that bit, only $15, and yet he won a lot, because of the high multiplier:



I myself like Mines and aim for high multipliers on there too, but since I make very small bets, less than 1 cent, I win less than $20 in the case of hitting 2,000x. Not much, but still nice, considering the size of my bet. That's the way I play. But I really enjoy seeing people winning a lot with much bigger stakes than mine.

[Symphonized]

Enter the world of Hecate by @degen_lab

Only on Stake!

https://x.com/Stake/status/2107085897657454929

[BlackyJacky]

Stake is definitely one of the most recognized names in the industry. 

It's amazing how the brand has grown over the years. I remember when they just started out here in the forum like yesterday but one thing I have got to say is they have really excelled with their marketing and sponsorship deal that have given them more exposure. It's hard to talk about crypto casinos or online gambling platforms without mentioning stake.com

From where did they get the funds to excell with their marketing and sponsorship deals?

[mikel_012]

From where did they get the funds to excell with their marketing and sponsorship deals?

In 2022 they already generated more than $2.6 billion ins gross gaming revenue. Source: https://icoda.io/blog/stake-com-marketing-transforming-a-startup-into-a-leader-in-the-cryptocasino-market/

With this much money it makes sense to keep investing in marketing and sponsorship deals until you are the top 1 casino and receive more and more profit over time. Right now it is the best moment to own a casino and every cent they spent is coming back to them with their massive growth. It's no magic

[BlackyJacky]

From where did they get the funds to excell with their marketing and sponsorship deals?

In 2022 they already generated more than $2.6 billion ins gross gaming revenue. Source: https://icoda.io/blog/stake-com-marketing-transforming-a-startup-into-a-leader-in-the-cryptocasino-market/

In 2022 they spent USD 2 billion for marketing to generate USD 2,6 billion in gross gaming revenue.

But how did they make the USD 2 billion they spent for marketing?

They did not make the USD 2 billion from the profit Stake made between 2017 and end of 2022, because this was only around USD 5 million.

And Bijan and Edward said that they never took money from outside and in this case you can only grow from the profit you invest in marketing.

With this much money it makes sense to keep investing in marketing and sponsorship deals until you are the top 1 casino and receive more and more profit over time. Right now it is the best moment to own a casino and every cent they spent is coming back to them with their massive growth. It's no magic

For the past 4 years, Stake's gross gaming revenue is constant at around USD 2,5 billion per year and they are not growing.

For the past 3 years, Stake's profit is constant at around USD 3,5 million per year.

Having USD 2 billion to spend for marketing, while your overall profit is around USD 5 million and while you did not take money from outside is magic!  

[mikel_012]

In 2022 they spent USD 2 billion for marketing to generate USD 2,6 billion in gross gaming revenue.

But how did they make the USD 2 billion they spent for marketing?

They did not make the USD 2 billion from the profit Stake made between 2017 and end of 2022, because this was only around USD 5 million.

And Bijan and Edward said that they never took money from outside and in this case you can only grow from the profit you invest in marketing.

With this much money it makes sense to keep investing in marketing and sponsorship deals until you are the top 1 casino and receive more and more profit over time. Right now it is the best moment to own a casino and every cent they spent is coming back to them with their massive growth. It's no magic

For the past 4 years, Stake's gross gaming revenue is constant at around USD 2,5 billion per year and they are not growing.

For the past 3 years, Stake's profit is constant at around USD 3,5 million per year.

Having USD 2 billion to spend for marketing, while your overall profit is around USD 5 million and while you did not take money from outside is magic!  

The problem is that you think they spend $2 billion at the same day, like you think they need $2 billion in their bank account to be able to spend this

Maybe they started spending $10 million and it was a success, and they received $20 million in profit. After two of three months they keep growing and can spend $50 million, then $100 million after 6 months. At the end of the year you check the chart and it was $2 billion spent for a profit of $2,5 billion

This is the total after 1 year, not $2 billion at once. In business you spend 1x to earn 1.2x or 1.5x etc

[Cointxz]

..

The problem is that you think they spend $2 billion at the same day, like you think they need $2 billion in their bank account to be able to spend this

Maybe they started spending $10 million and it was a success, and they received $20 million in profit. After two of three months they keep growing and can spend $50 million, then $100 million after 6 months. At the end of the year you check the chart and it was $2 billion spent for a profit of $2,5 billion

This is the total after 1 year, not $2 billion at once. In business you spend 1x to earn 1.2x or 1.5x etc

Exactly, I don’t know why that guy conclude that is not “growing” while Stake is the top casino in online crypto casino category, if they are not growing then how come this business sector is still thriving until now?

It doesn’t make sense too on how Stake will spend an upfront huge amount without positive outcome with their marketing. Normally, casino will decrease spending on marketing if the casino doesn’t generate profit anymore.


Btw, I already received my crypto monthly rewards yesterday. It’s seems a fixed amount every when you meet the minimum requirements or wager more since I do gamble more on previous month compared on September yet I received same bonus amount.

[hd49728]

Exactly, I don’t know why that guy conclude that is not “growing” while Stake is the top casino in online crypto casino category, if they are not growing then how come this business sector is still thriving until now?

It doesn’t make sense too on how Stake will spend an upfront huge amount without positive outcome with their marketing. Normally, casino will decrease spending on marketing if the casino doesn’t generate profit anymore.

The gambling industry is very competitive and many new casinos created with time so if old casinos can not have competitive products and marketing programs, it's hard to keep current users staying with the casinos, and it's harder to get new users.

Stake with its operation history so far, is a very big and successful casino. Success in a way it got it in the past, then has maintained its success very well in recent years. To achieve such long lasting success, they must be very adaptive and competitive in this gambling industry.

It's not quite right to say "Stake is not growing with time" because the fact is something opposite against that statement about Stake business development.

[AHOYBRAUSE]

Exactly, I don’t know why that guy conclude that is not “growing” while Stake is the top casino in online crypto casino category, if they are not growing then how come this business sector is still thriving until now?

It doesn’t make sense too on how Stake will spend an upfront huge amount without positive outcome with their marketing. Normally, casino will decrease spending on marketing if the casino doesn’t generate profit anymore.

The gambling industry is very competitive and many new casinos created with time so if old casinos can not have competitive products and marketing programs, it's hard to keep current users staying with the casinos, and it's harder to get new users.

Stake with its operation history so far, is a very big and successful casino. Success in a way it got it in the past, then has maintained its success very well in recent years. To achieve such long lasting success, they must be very adaptive and competitive in this gambling industry.

It's not quite right to say "Stake is not growing with time" because the fact is something opposite against that statement about Stake business development.

I think stake is still growing since more and more people discover crypto for themselves, yet obviously it's growing slower than it has been before. Not only that but also are people leaving stake just out of unhappiness. If you are like me and long time on stake you have seen a lot of negative changes that have a big impact on long time players. The already mentioned cut bonuses are the biggest point while others are just frustration because of silly marketing and so on. People discover new and better placer for themselves, with better rewards and and the feeling of more appreciation somewhere else.

[BlackyJacky]

In 2022 they spent USD 2 billion for marketing to generate USD 2,6 billion in gross gaming revenue.

But how did they make the USD 2 billion they spent for marketing?

They did not make the USD 2 billion from the profit Stake made between 2017 and end of 2022, because this was only around USD 5 million.

And Bijan and Edward said that they never took money from outside and in this case you can only grow from the profit you invest in marketing.

With this much money it makes sense to keep investing in marketing and sponsorship deals until you are the top 1 casino and receive more and more profit over time. Right now it is the best moment to own a casino and every cent they spent is coming back to them with their massive growth. It's no magic

For the past 4 years, Stake's gross gaming revenue is constant at around USD 2,5 billion per year and they are not growing.

For the past 3 years, Stake's profit is constant at around USD 3,5 million per year.

Having USD 2 billion to spend for marketing, while your overall profit is around USD 5 million and while you did not take money from outside is magic!  

The problem is that you think they spend $2 billion at the same day, like you think they need $2 billion in their bank account to be able to spend this

I said that they spent USD 2 billion for marketing in 2022 and I never said that I think they spent it at the same day.

As they did not generate profits in the height of USD 2 billion and as they did not take money from outside, they need to put the USD 2 billion marketing costs from its pocket for the fiscal year 2022.

Maybe they started spending $10 million and it was a success, and they received $20 million in profit. After two of three months they keep growing and can spend $50 million, then $100 million after 6 months. At the end of the year you check the chart and it was $2 billion spent for a profit of $2,5 billion

This is the total after 1 year, not $2 billion at once. In business you spend 1x to earn 1.2x or 1.5x etc

No, according to the stake.com accounting for the fiscal years 2023 to 2026, they did not make an initial investment of USD 10 million at the beginning of the year and then accumulated a total profit of USD 2 billion throughout the year, which would have been a 20,000% return on their investment within one year.

In fact, the % of the return on investment for their USD 2 billion spendings on marketing is 0,15% per year and not thousands of % per year, as you suggest.

Year 2026

Marketing costs: USD 2 billion , Gross gaming revenue: USD 2,5 billion , Profit: USD 3 million , Return on investment: 0,12%

Year 2025

Marketing costs: USD 2 billion , Gross gaming revenue: USD 2,4 billion , Profit: USD 3,4 million , Return on investment: 0,14%

Year 2024

Marketing costs: USD 2 billion , Gross gaming revenue: USD 2,4 billion , Profit: USD 3,9 million , Return on investment: 0,16%

Year 2023

Marketing costs: USD 2 billion , Gross gaming revenue: USD 2,4 billion , Profit: USD 140,000 , Return on investment: 0,006%


The Financial Times published the Gross Gaming Revenue for the fiscal years 2019 to 2022

Year 2022

Gross gaming revenue: USD 2,5 billion , Estimated profit: USD 3,5 million

Year 2021

Gross gaming revenue: USD 1,3 billion , Estimated profit: USD 1,7 million

Year 2020

Gross gaming revenue: USD 105 million , Estimated profit: USD 150,000

Year 2019

Gross Gaming revenue: USD 25 million , Estimated profit: USD 40,000

(I have no accounting for the years 2019 to 2022 and estimated the profits based on the accounting for the years 2023 to 2026)

[Bitinity]

I wonder if there is some chance for stake to feature Dices in the future for their monthly bonus instead games like Mines and their betting markets?
Perhaps, they don't like to feature Dices so often as it is relatively easy for anyone to wager a big amount of money and not to lost any in the shot term? So they prefer to feature games which present more volatility.

What do you guys think, do you believe that is a rather valid explanation or Am I missing it in this issue of monthly bonuses by Stake ?

You should use the term "subscription bonus" rather than "monthly bonus" because they are 2 different bonus while what you are referring to is the subscription bonus. Just to avoid any misunderstandings because others might get confused due to the inaccurate term. Speaking of the requirement to be eligible for the subscription bonus, it is not that hard to meet but the main problem is usually that we have no idea at all about the selected game we are supposed to play. Stake changes the featured game for the subscription bonus every month so there is always a chance to see Dice as the featured game in the future.