How much casinos are making..

[Dunamisx]

Do we have any idea how much these casinos are making?

Here are some figures for this year from this Crypto Casino Market Report.



Some of these casinos are probably already familiar to us because they have ANN threads here in the forum, and some even have active signature campaigns. Looking at that huge volume, its really not surprising that they can afford to spend a lot on advertising, and probably one reason why some campaigns can run for a long time.

Almost all the casinos year listed are familiar to us, but I want to point out this, that what the claimed the are making may not really have to be the exact income the realized, this means that there is high probability of making more than this.

Another thing we should consider is that they are not just making money as we may thought, because it also take a huge amount of money to maintain operating a gambling casino, the same from what they are earning is what they are also given out to gamblers who won from their platform, maintain the security and other activities that contributed to the platform success.

[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.

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.

Of course, there are cases like that. But you probably know that wherever there are people making a lot of money, that place naturally has its own appeal for those who like to invest in growing businesses. We know the gambling market is really competitive. But in reality, there are always new casinos popping up, whether they end up losing or manage to survive through tough competition. The gambling business has a big market.

[qwertyup23]

Considering that Stake can hire celebrities for their endorsement and cash-out millions, it is fairly obvious that they would make that amount of money in the casino world. Additionally, the fact that there are lots of online gambling casinos being created yearly means that such business can be considered profitable.

One thing that stops majority of the people from engaging into such business would be the required capital and necessary endorsements needed to attract all the possible players.

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.

I do think that Stake is one of those casinos that are heavily advertised across all platforms throughout the world. Considering that they can do such advertising, perhaps government of such countries require them to publicly declare their revenue for taxation purposes.

[Crakryptvest]

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.

I didn't want to go into this discussion, because it seem to me like I want to calculate the profit of other peoples business for them, which I don't like, but let me come in from here, most of us that knows the popular saying that you can not win more than the house, no matter how smart you are or why you do, will understand that this saying has much to explain to us, all the casino that are listed in this thread are very rich, and no matter how much you think those casinos use in running adverts, and many others they do, as you listed them, they are still rich but I don't think it is anyone's business to calculate their returns, rather it is there's, the casinos that have been mentioned, have been in this business for awhile, so they know the business and how they make their money and that's why they still in the business.

[Botnake]

I do think that Stake is one of those casinos that are heavily advertised across all platforms throughout the world. Considering that they can do such advertising, perhaps government of such countries require them to publicly declare their revenue for taxation purposes.

The simple explanation here is this, when a casino is licensed, they are regulated, and one of the things they need to comply with is paying taxes. There are different kinds of taxes of course, but when it comes to what they earn, they still have tax obligations based on their revenue or income.

So they cannot just escape that, especially with Stake being a legal operator. Regulators will be watching them closely, and they will not simply allow a casino that big to avoid paying the right taxes.

[9ja Amaka]

Some of these casinos are probably already familiar to us because they have ANN threads here in the forum, and some even have active signature campaigns. Looking at that huge volume, its really not surprising that they can afford to spend a lot on advertising, and probably one reason why some campaigns can run for a long time.

I know all these gambling sites through this forum. All of them, not some. But I do not know if BC.game, Gandom and Winna still have active announcement threads on this forum, but probably. The remaining ones that you mentioned does not only have active announcement threads, but they also have signature campaigns on this forum right now.

Rainbet, Stake, Roobet, 1win, Winna, Duel, and Shuffle still have announcement threads and active campaign threads on the forum. A flag was raised against BC.Game on a previous scam report, and Winna was reported for allegedly bribing a forum moderator. Bot Winna and BC.Game threads are open for reply, but with a warning flag to raise awareness. As for Gandom casino, it's my first time hearing about the casino.

[Agbe]

How accurate are those date? Because casinos are not sharing those information in the public though the government they operate under which they are paying tax might get those information and those government officials will not publish it in the public unless it is in the market index for analysis of gainers and losers of the week then from there the public can get information on them. And the profit those casinos make is not in doubt even though we are not sure of the figures. Almost all have heavy advertisement ads across the world and with that they have a large customer chain to make those profit.

[Antotena]

Now just speaking hypothetically, since they offer different games including sports betting, lets say they somehow make around 3% from that volume. For Q2 alone that would be around:

1. Stake - $153 million
2. Roobet - $35 million

Of course thats only an assumption because deposit volume is not the same as their actual profit, but what Im trying to say is that the gambling industry is really huge, and in some way we are also part of that growth since these casinos advertise here and we are among the people supporting and using them.

I don't work with stake but what they make is more than what is reported here. I know many celebrities that stake thousands per bet and those bets are the ones they shared. There are many bets some of these celebrities stake they don't share because the amount is big that the losses is hard for them to share to the public. Not to mention of the followers most of them influenced to bet, they make more than this. Maybe they are scared to share all because of tax.

Now I get why most of these casino are doing competition to get space for each campaign participants, they are making millions of dollars and yet the money they even spend on the forum a year is just a penny and seeing here been the best forum for Bitcoin and cryptos make it more engaging for them to make customers. God knows how much these companies made during the world cup, the number of bets I saw from friends were so high and they didn't make much.

[Frankolala]

The gambling industry is the fastest growing industry in the market currently, because more people are getting involved in gambling daily. I read an article that says majority of funds in now entering the gambling industry than any other form of business because people are eager to win big and you can bet with a little amount of money as low as $1.

[Awaklara]

Now I get why most of these casino are doing competition to get space for each campaign participants, they are making millions of dollars and yet the money they even spend on the forum a year is just a penny and seeing here been the best forum for Bitcoin and cryptos make it more engaging for them to make customers. God knows how much these companies made during the world cup, the number of bets I saw from friends were so high and they didn't make much.

For casino business owners, spending on forum campaigns is considered small. Especially for casinos that have been around for a long time. They make a lot of money from gamblers and of course, they know the best way to spend their profits so that their casino business revenue keeps growing. 
Casinos don’t just advertise on forums, and I’m sure they also evaluate the results of each campaign they run. We’ve also seen casinos that run campaigns for just a few weeks; they might not hit the targets they want from their campaigns.

[Hatchy]

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.

Definitely. This kind of data is what casinos want the public to see and know about. They will most likely be generating more than this because the gambling industry is very large.These are only the top listed brands, there are still many smaller brands out there making a lot of money from the gambling industry. We haven't even talked about prediction markets, which many of these casinos are now starting to offer as well. Some of these services can generate even more revenue than traditional casinos or sportsbooks.As long as these platforms have many players using their services and spending time on their sites, they will continue to generate huge amounts of revenue.

[Zigabel]

Do we have any idea how much these casinos are making?

Here are some figures for this year from this Crypto Casino Market Report.



Some of these casinos are probably already familiar to us because they have ANN threads here in the forum, and some even have active signature campaigns. Looking at that huge volume, its really not surprising that they can afford to spend a lot on advertising, and probably one reason why some campaigns can run for a long time.

Now just speaking hypothetically, since they offer different games including sports betting, lets say they somehow make around 3% from that volume. For Q2 alone that would be around:

1. Stake - $153 million
2. Roobet - $35 million

Of course thats only an assumption because deposit volume is not the same as their actual profit, but what Im trying to say is that the gambling industry is really huge, and in some way we are also part of that growth since these casinos advertise here and we are among the people supporting and using them.

Except for stake and BC games, i  got to know about the rest of the other casinos here on the forum via their ANN Thread and their  signature campaigns, looking at this volumes they do on quarterly bases, this explains completely why they are able to pay any amount of wins by casino players or gamblers, they make good profits enough to take care of any amount gamblers gets to win at any time.

Even as we all agree that deposit isn't same as the profit they actually get to make, they actually do have a very robust profit margin as proven by their house edge as seen on many casinos by players. they make very decent profit enough such that i may want to believe it may equate or get above deposited amount they realize.

[uneng]

How accurate are those date? Because casinos are not sharing those information in the public though the government they operate under which they are paying tax might get those information and those government officials will not publish it in the public unless it is in the market index for analysis of gainers and losers of the week then from there the public can get information on them. And the profit those casinos make is not in doubt even though we are not sure of the figures. Almost all have heavy advertisement ads across the world and with that they have a large customer chain to make those profit.

It's a tendency that businesses and companies in general make up their official numbers towards the public and regulators, so they pay less taxes over profits made. The fact is that gambling industry grew so large in a way we have no idea how much they are moving for real, because there are people from every corners in the world, from different social categories, playing in a daily basis with different sums of money.

It's not possible to measure how much casinos are making accurately since the variables among gamblers are many. If it was a casino localized in a determined area, offering services to a determined public exclusively it would be easier to make an estimation, since we would be talking about a homogeneous and trackable public. But it's not the case.

[Orpichukwu]

This is really massive, and to even imagine that this may not be the real digits compared to there gains or output within such period. These are active sites here in the forum, with majority of them having signature campaigns. Getting more people to advertise there brand online simply shows more identity and more popularity which brings them more active participants. They are really making profits on daily basics. No wonder they can go on and on in improving there adverts.

There was data published here some time ago which showed the top crypto casinos in the industry, and most of them are among the ones we know in this forum, which is very good and as expected.

For-profit: casinos might be making as massive a profit as we are expecting them to make, while some might really be down in some months. What is deposited to the casino won’t be all that they will make, adding to the fact that they also have game providers to give their own percentage and other bills which are to be settled, but no matter how much they are making off it, if they are able to at least secure 5% of what they receive in total every month, that will be a massive profit, as the overall volume going into the casino is massive.

[Hispo]

...

Of course thats only an assumption because deposit volume is not the same as their actual profit, but what Im trying to say is that the gambling industry is really huge, and in some way we are also part of that growth since these casinos advertise here and we are among the people supporting and using them.

If I was supposed to guess on the amount of deposit volume which actually turns into profits, I would say it is way higher than just a 3%. The majority of gambler who deposit their money in other to have their usual gambling session on those casinos generally end up losing 100% of their deposited money. 3% seems to be way too conservative.

Also, it is obvious gambling is a huge industry, I have never had any doubt about it. And it continues to grow with each year that passes. Ultimately, only the administration of those casinos have the exact data on their profits. All we can do is to get rough approximations, based on on-chain data.

[Makus]

These cannot be the exact amounts that these casinos are making but it might be close. First of all, casinos are designed to be in profit no matter how many gamblers are winning, at the end of the day they are the ones making more, so imagine making thousands of dollars everyday and for crypto casinos gamblers stake and lose in cryptocurrency like Bitcoin and the rest. The house edge has already been designed to favour the casino.

Casinos make huge amounts of money and there is no way we can really know the exact amount of money that they make, they are always going to remain in business as long as more players continue to gamble, their Major source of income are from those that are addicted to Gambling.

[Dr.Bitcoin_Strange]

There was a topic that was created somewhere around last month which also disused a similar subject but I think he was more focused on the revenue generated from a specific game based on the number of players the game is getting all the time, I will look for the topic(found it, here. Those reputable casinos that have existed for couple of years now, has thousands if not millions of registered customers that are playing every day, some people are playing with huge amount and out of the majority that are playing, only a few are winning big amount. In gambling, players normally lose more than they amount won, so there's no need to be surprised about the annual revenue of popular casinos.

[Smartprofit]

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.

Personally, I'm categorically opposed to the KYC procedure. Anonymity and privacy are very important to me. 🙋

However, I realize that I'm too small a player to generate significant profits for the casino.

Our world is always more complex than we think. There are many very wealthy players who aren't intimidated by the prospect of going through the KYC procedure. The prospect of losing anonymity and privacy doesn't bother them much. For such wealthy players (some with deposits exceeding $50,000), the confidence that their favorite online casino won't be subject to sanctions from regulators for money laundering is much more important. In practice, such situations do happen. 🧑‍💻

[Nrcewker]

Some of these casinos are probably already familiar to us because they have ANN threads here in the forum,

Not some, I think all the casinos mentioned in the OP have an ANN thread here. This shows that Bitcointalk plays an important role in the early days of these casinos. These casinos have improved significantly by taking criticism and suggestions from Bitcointalk members here.

Now regarding the topic, yes casinos can indeed make a lot of money in the long run. But the actual hurdle is the initial stage, when you need to build a strong and loyal gambling audience while also spending a lot of money on marketing and promotions. So yes if you are someone with a lot of wealth or have a lot of investors then a gambling business can be profitable. It’s one of the best business models out there in the market. I have also heard that many famous people invest in these companies as angel investors.

[Franctoshi]

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.

I have the same thought as you do; I believe they're making way more money than what's being published. The truth is that we have more people who lose money than they're being profitable, Therefore, the gambling industry is a profiting industry which would continue to profitable business in as much as people continue to bet and play games in their platforms and as sports betting and casino games etc. continues to exist.