How much casinos are making..

[$crypto$]

Almost seen a lot of data on the growth of gambling, most persist until now that Stake.com they have had a vast market for the community, making it difficult for the players to switch to other casinos.

Now Stake.com requiring KYC before fixed deposit only they are gaining high popularity, meaning to date no other casino has surpassed Stake.com in crypto casinos.

[WhoYouCantKill]

This is just data casinos are willing to share with general audience though I doubt very much this is a definitive number, in my opinion every casino listed here makes much more than the numbers provided. I have seen people use crazy amounts and most gamblers do not care how much money they are throwing at the casino, lots of money burned and based on the number of players each casino has it is normal for me to think that the number will be much higher.

You really can’t conclude on how much a casino makes, just by how much you think or see players throw in or lose to the casinos, you need to understand that every casino run on different expenses, from advertisements, to pay outs, to regular maintenances and upgrades, name them. So even if they make so much, it doesn’t mean that’s actually how much they’re able to realize at the end of the day. You should also consider these factors before drawing a conclusion.

[Alex077]

The most important thing is that deposit volume does not mean betting handle. And betting handle, GGR will not calculate actual profit. Your report also clearly states that $5.11B Stake and $1.18B Roobet in Q2 are on-chain deposits. Since the same funds are wagered repeatedly, there must be a multiple of actual handle deposits, this is what happens in casinos. I read your report there too, it says that if you wager a $1,000 deposit 50 times, you create a $50,000 handle. So if you say that Stake's revenue is $153M at 3% of the deposit, it is not correct.

You are right. And if we put 3% on deposit then that is not meaningful estimate of casino revenue. GGR is usually the amount after player payouts are subtracted from handle. If i am not wronmg, in sport betting, hold = GGR/handle. So if you say Stake generated 153 million in revenue based on that 3% of deposit could be technically misleading, as you said. Even if that VIP Grinders report uses 2 to 5% GGR/handle assumption, you know, that is percentage of handle, not deposit, right?

[Pandu Geddon]

Those are really big numbers that show just how huge this gambling business is. No wonder there are always new casinos trying to get a piece of this profitable big market, including scam casinos, of course. 
We know the crypto casino market isn't just limited to crypto users. The users aren't only the people on the forums. But seeing that there are still a lot of active casinos on the forums shows they really do get a lot of support from forum users.

[xenomorfo]

Almost seen a lot of data on the growth of gambling, most persist until now that Stake.com they have had a vast market for the community, making it difficult for the players to switch to other casinos.

Now Stake.com requiring KYC before fixed deposit only they are gaining high popularity, meaning to date no other casino has surpassed Stake.com in crypto casinos.

that happens for everything, because people, like me anyway, are lazy
once you feel good, they really have to make you angry to leave a casino or a social network or whatever
or you have to have a lot of bonuses to force you to fight laziness.

[mirakal]

Almost seen a lot of data on the growth of gambling, most persist until now that Stake.com they have had a vast market for the community, making it difficult for the players to switch to other casinos.

Now Stake.com requiring KYC before fixed deposit only they are gaining high popularity, meaning to date no other casino has surpassed Stake.com in crypto casinos.

I guess that is one big reason, they were able to build their legitimacy with that, and it also proves that the majority of gamblers, especially big bettors, are not really afraid of KYC because they are still using Stake even though it already requires KYC before gambling, unlike other casinos where no KYC is allowed or verification only comes later.

I think even before they required KYC they were already number one, but their growth after that was still really impressive, the gap is huge.

[Ever-young]

Those are really big numbers that show just how huge this gambling business is. No wonder there are always new casinos trying to get a piece of this profitable big market, including scam casinos, of course. 
We know the crypto casino market isn't just limited to crypto users. The users aren't only the people on the forums. But seeing that there are still a lot of active casinos on the forums shows they really do get a lot of support from forum users.

Well it’s not as if it’s that easy for new casinos to just enter the market and start making that huge amount of money off the market. We know that it took more than just bring around the market to really start making this huge amount. There are thousands of other crypto casinos out there that were not listed here, didn’t you ask why?

A lot of people join the casino business and in just a matter of months, they ended up going bankrupt, so it’s really not about jumping into the market because others are also making a fortune there.

[Zadicar]

This is just data casinos are willing to share with general audience though I doubt very much this is a definitive number, in my opinion every casino listed here makes much more than the numbers provided. I have seen people use crazy amounts and most gamblers do not care how much money they are throwing at the casino, lots of money burned and based on the number of players each casino has it is normal for me to think that the number will be much higher.

And these figures are not actually what the casinos are making since they don’t give out such information. From the data published by the op, what they listed is the total deposit that went into the casino through crypto and not the actual revenue they made during that period since they don’t disclose that to the public.

but in most cases most of those millions you are talking about being wagered by one single person can also go down to pay the winnings of other players, and the actual revenue might be much lower compared to the deposit volume recorded.

I would say the same thing and those numbers are really just that estimates just to show off some numbers but of course we dont know on how much they do actually make and actually its none of our business on knowing up these things but in speaking about on the numbers then we can definitely say that they are making a huge amount of revenue considering the number of people or demand from gamblers then we can say that they are really making some serious business on here but much sure that those numbers on the OP or being shown isnt that accurate or the exact numbers.

[abel1337]

I would say that it is a big number but it is just expected on casinos who is paying millions of dollars for advertisement which is definitely stake. The drake deal with stake cost millions and I think it is worth it given how much traction drake gave to them. The one who market better is the one who earns more. The casinos on the list are one who are advertising pretty heavily. I know all of the casino and most of them I saw are from advertisements.

Casinos who spend more, earns more and it is proven by successful casinos that are running for years now.

I wonder if the total volume came from the casinos or it is just estimate volume.

[CryptoBuds]

So if you say that Stake's revenue is $153M at 3% of the deposit, it is not correct.

With crypto casinos though, I think there is at least some basis for making an estimate because some wallet activity can be tracked publicly. When gamblers deposit funds, we can assume a big part of that will eventually be used for betting, so deposit volume can give us an idea of how much activity the casino has.

Here I would like to add an interesting point. From the deposit data we can also understand the player composition to some extent. For example, in Q2, Stake's average deposit was about $673, Roobet's $536, but some operators average deposit was up to several thousand dollar. This report says that in many casinos, a large part of the total deposit volume comes from a few $1M+ wallets. So just looking at the huge volume, it would not be right to assume a huge number of ordinary gamblers.

[Zlantann]

Owing a casino or gambling platform is actually a lucrative business, these casino platforms have really made huge amount of money both daily, weekly, monthly, and yearly, and this is the more reason you see many gambling or casino sites coming up every now, and then. It also important to know that not all these casinos listed here are good, while some of these casinos are here to render good services to it's users, some are only interested on the huge money they are making from gamblers, and not to render good services to it's users.
Opening a casino company is good because good profit can be made from it, but it should be on a genuine intention which is to serve gamblers with good purpose, and don't open casino company only because of the money you will make from it.

The information that the OP gave is not the profits these crypto casinos make. Rather is us the total deposit they attracted within a specific period. It would be wrong to see the transaction volume and just assume that they are making profits. Just like every other business, if these casinos are well managed, they will make good returns. However, a poorly run gambling business will lead to losses and ultimately become bankrupt. Some casinos have closed down because of poor management.

With the rise in popularity of cryptocurrencies, the deposit volume is expected to continue increasing in the future. It appears that casinos like Rainbet and Shuffle are providing the necessary competition to top casinos Stake and Roobet. The deposit volume of the top two casinos dropped, while the third and fourth gained more market share.

[Tetu100]

Owing a casino or gambling platform is actually a lucrative business, these casino platforms have really made huge amount of money both daily, weekly, monthly, and yearly, and this is the more reason you see many gambling or casino sites coming up every now, and then. It also important to know that not all these casinos listed here are good, while some of these casinos are here to render good services to it's users, some are only interested on the huge money they are making from gamblers, and not to render good services to it's users.
Opening a casino company is good because good profit can be made from it, but it should be on a genuine intention which is to serve gamblers with good purpose, and don't open casino company only because of the money you will make from it.

Then what is the other reasons you think people open casinos platforms if not to make good profits overtime. However, casinos owners are doing greatly and that is why they also don't mind spending good amount on advert because they are pretty sure that once their platforms gain the popularity or the fame they require they are pretty made for life.

Another thing we must understand is that the more people are venturing into gamble everyday is the more this people keep on milking from the players. Even most times when there are cases of addiction, this casinos owners don't freaky care about nothing because the more people get stocked in addiction problems is the more money they get and that is sad. If gamblers refuses to be useful to themselves then the casino will will have no option than continue milking from their addictions.

[giammangiato]

Excellent analysis, however I believe the numbers listed in that tab are not entirely accurate.
I think most wouldn't post the actual earnings, I think a nice percentage slice is missing from that tab.
It's no secret to say that casinos make a lot of money, we're simply in a period (now for about 10 years) that the gambling industry is constantly growing, both by demand and by users.
Nothing bad for them, very bad for users who become addicted to gambling and destroy their lives.

[Japinat]

Excellent analysis, however I believe the numbers listed in that tab are not entirely accurate.
I think most wouldn't post the actual earnings, I think a nice percentage slice is missing from that tab.
It's no secret to say that casinos make a lot of money, we're simply in a period (now for about 10 years) that the gambling industry is constantly growing, both by demand and by users.
Nothing bad for them, very bad for users who become addicted to gambling and destroy their lives.

Yes, correct, they will not put the actual figure of their profit because that's confidential, but the amount deposited to their addresses is harder to deny since those transactions can be tracked, and analysts can estimate which funds are coming from bettors.

Actually, I find that more reliable than the total wager figures we see inside casinos, because those numbers can possibly be manipulated just to make the casino look bigger and more reputable, which can also encourage gamblers to play more.

[Dareo]

-snip-

Well the numbers look really big when you calculate at 3%, but i don't think the volume and actual revenue are the same thing. The same amount of money can be wagered many times, so it would not be right to assume that 5 billion volume means 150 million profit, thought you already mention that it's an assumption. However, I don't think casino companies will ever share their actual revenue. But yes the more deposits, the more profit, this is normal. And from what I saw, the stake deposit volume is more than twice a of roobet, through which we understand how important the promotion is.

[Alpha Marine]

I don't know how much online casinos make, but it is pretty profitable. I'm not saying this because of how much they spend on marketing on the forum, but if you look at the big picture, you would see that there is so much competition in the casino industry. There are so many casinos and sportsbooks out there, and more keep getting launched regularly. If it wasn't a profitable sector, so many people wouldn't be going into it. And the money spent on marketing here is nowhere near what they spent marketing in other places. The sports deals, influencers, public figures, and many other TV ads. Sports betting and casinos are a pretty big industry with a lot of money.

But is also a very brutal business. The fact that it's profitable doesn't man it's easy to make profit. It is very competitive and getting players and then turning them to reguarlrs is no asy task. I remember reading that close to 80% of casinos fail in their first year and many more casinos shut down every years.

[mak013]

What's the point of counting money in someone else's pocket? We already know the casino always wins. Isn't that enough?
The main things we need to know are: is the casino reliable enough, how many events are available on the betting side, and how interesting the casino games are. This statistics shows us which games casino gamblers choose most often and which casinos players trust.

[Bryan jessy]

These analysis shows a great growth among the listed casinos, and of course most of this casinos has been in existence for years so with that and a good reputation, and they also have regular customers who patronize them consistently with this I am sure this is just a tip of an iceberg when compared to their actual profit, do not forget because the goal of every business is to make as much profit as they can, casinos makes real cool profit so far they are known and also authentic and longer it continues operate the more profit they make because people gamble everyday, and with the nature of casino; it's a game of luck where it is not easy to make a win regardless of how much was invested in the game.

[Ziskinberg]

What's the point of counting money in someone else's pocket? We already know the casino always wins. Isn't that enough?

The point probably is just to know who are the biggest casinos operating in the space, at least we have some idea about that as gamblers, and somehow we also supported some of these casinos in their journey to where they are now. Personally, I played on many of the casinos listed there. I also played on Stake before, but I stopped when they started requiring KYC. I honestly thought their growth would slow down after implementing that, but it turned out they are still at the top.

[KiaKia]

How are they able to get their hands on this data? The casinos willingly share it to that platform or what? Anyways there is no way to know for sure if this is accurate and I don't even see any reasons why we are doing this right now.

Casinos are very lucrative business, that's enough for me, a failed casino is something we don't usually see unless it's been run by scammers from day one and waiting to blow up anytime.

We will never know the accurate amount that casinos made and they don't need to be transparent about it either, because there is really nothing to gain from doing so.