How much casinos are making..

[Asuspawer09]

I mean I know that there are for sure huge funds on casinos or gambling website for sure, and I can see how they are going a lot when it comes to marketing, I know a lot of gambling website spending a lot on marketing I was even offer ones when I do some stream back in the covid days where everyone was working from home. Now I can see why they have a very generous offer to a influencers and live streamers on social media platform. I know that it was a huge budget but I didn't expect it to be this high. Perhaps it might even be higher now that I think about it. It's a good basis but I doubt as well that this are the right numbers of the casino, but basically they are earning really a lot.

This was still a huge business as a casino, so marketing on the forum for sure has a huge allocated budget for sure, that just means that they are getting a lot of users since it was able to pay for the marketing here and on other platforms.

[Jaycoinz]

Op the casinos are not going to really put out what they make because that's their privacy, these data are just assumptions to me and even if these are from reliable sources they aren't exactly the main amount of money they make. it is common knowledge that the casino has what's known as house edge, this alone is what explains the fact that they are always in profit.

if a casino has a thousand players, 50 percent in that population are going to be gambling consistently and as long as they keep coming back they would definitely lose, these are the systems the casinos use to generate profit.

[Dogedegen]

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.

It is very hard to make an estimate of their profit because you are doing it completely blind. When casinos talk about volume even if these numbers were completely correct, they are talking about everything that is circulating. I will give you one example. I deposit $100. I play 20 games, winning, losing, but always with half balance. 20 times half the balances is a volume of $1000 where the casino didn't make any profit since I again have $100. This example is clear and shows how there can be a big difference between profit and volume and if I was the only player their volume would be $1000 and their profit would be $0. Another example are people who lose instantly, so in those cases the volume is $50 and the profit is $50 before any kind of expenses.

So your number of $153 million can be close to the truth, but it can also be very far from the truth. We can only speculate, but I would not talk about any kind of numbers definitely. Only if real numbers were published of it an insider leaked some information to us I would believe that we may get closer to the real numbers. Now to refer back to the total numbers, I am not surprised by this and you should not be surprised either. These are the leading gambling companies across the whole world, and there are many gamblers and some with deep pockets. It would be a surprise if they didn't have a lot of volume or profit because the industry is so huge.

[Wiwo]

Total deposits point to one thing, which is the amount of traffic in terms of deposit inflow of the casino; somehow we can't say that this is profit balance or the casino's own liquidity because some of those deposits go back to the customer winning settlements.

More clarity can come from independent yearly profit records of the casino; I don't think we have such public records of casinos' available balance.

But overall, this amount is huge, and most of the casinos mentioned on the list are really familiar to most of us in the forum.

[Queen uloma]

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.

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.

You’re very correct, it’s very massive and it’s like  these figures don’t show their full gains. Those of these sites are usually active in this forum and many are running signature campaigns to promote their brands. The more people are advertising it, the more popular and users they will have. With the kind of profit that they make daily, no wonder they can continue to improve and expand.

[Achalugo BTC]

The data op provided did not specify the profit these casinos are making, even though their volume are high we still cannot draw a conclusion off this data if they're making massive profits or not, all I know is that these casinos are big casinos and their signature campaigns here on the forum attest to the fact that they are big casinos.  
And I don't think anyone casino is willing to disclose that information to the public, there is a great possibility that this information might be inaccurate as well because of certain factors. However, my conclusion is, you can't get this information online or anywhere except you make contact with an insider and the person is willing to share such information.

You are right, but even an insider might still not provide the accurate information because it is very rare to find an honest person. So people should keep in mind that all these casinos are big businesses and are making money from gambling. That is why, they spend a lot of money on marketing their products, because they know what they will get in return, considering that many people gamble. This is why the casino industry are among the businesses that do grow quickly.

[sompitonov]

Total deposits point to one thing, which is the amount of traffic in terms of deposit inflow of the casino; somehow we can't say that this is profit balance or the casino's own liquidity because some of those deposits go back to the customer winning settlements.

More clarity can come from independent yearly profit records of the casino; I don't think we have such public records of casinos' available balance.

But overall, this amount is huge, and most of the casinos mentioned on the list are really familiar to most of us in the forum.

Of course, we're familiar with these casinos, but these variables—profits, deposits, and so on—are always changing. If there's one figure this month, it's sure to change the next. It all depends on the success of their marketing departments, major sporting tournaments, and seasonality. All of this gives us these metrics. I'm almost certain that the casinos themselves don't want to reveal more data and keep this information as private as possible, not because it's illegal, but because they don't want competitors or anyone else knowing how well or poorly they're doing.

[Jubilee58]

Casino companies are really making a whole lot of money, even though their might be some gamblers who make wins, but the wins that gamblers make on these casino platforms is nothing compared to what these casino companies are really making as profit. The number of gamblers who participate in gambling on these platforms are very massive with stake.com being the number one which has the highest number of users, and statistically we have more people loosing their bets in these platforms than they win which enables these gambling platforms to make massive profit. There so many casino companies online, and many of them are still on there way coming.
The gambling industry is attracting slot of attention from investors because of how lucrative it is, people are very much interested in owning casino companies because they really know there is money owning a casino company. However, I also believe even though these casino companies are making these huge amount of money, there could also be time when losses can also be recorded.

[Texac]

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.

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.

Yes, the volume of deposit by itself really does not tell us anything about casino's net profit. Billions of dollar may flow through the platform, but you still have to take into account payout to player, bonuses and rakeback, marketing expenses, affiliate programs, game provider, staff, license and many other cost.

But I think any large casino with high and stable turnover still has very good chance of being profitable. Unlike many other type of businesses, casino already have built in mathematical advantage, house edge. So with enough player and proper management this advantage should gradually show itself over long run.

So deposit volume alone is not enough to judge real profitability of any casino. We would need at least some data on GGR/NGR, operating expense, bonus and marketing cost. Without that, we can estimate the scale of business and changes in market share, but not its actual profit.

[iv4n]

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

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

Well, these numbers are high, but like some other members, I also doubt they are real... somehow I think they are earning much, much more. But that doesn't matter much, it's their business, and they are running it the best they can, for sure. Imagine having a business with billions in volume, you have sponsorships, taxes in different countries, and who knows what else... on that scale, for sure you are making a lot of money every quarter.

In any case, it's interesting to see how crypto casinos are taking more & more space... at least, the numbers are showing that. It would be interesting to see the comparison between fiat & crypto casinos and their progress in the last 5-10 years. Who is winning in that race?

[uchegod-21]

To make money from gambling, own a casino ! Of course, this is not the actual figure, but this still proves to us that the house has an edge over the gamblers. Every time gamblers chase losses, get addicted, and gamble irresponsibly, they are making the casinos richer. So, those gamblers who think they can beat the casino can clearly see now that the casinos are the ones winning.

The casino business is a profitable business. The owners are making their money. This is evidence that the heavy casino promotions are not in vain; the visibility is making them money.

[PhilosopherKing]

The industry is a very lucrative industry, and any casino that is now trustworthy will have more and more person coming to gamble with them. And the way it is lucrative is now what has made some countries had to legalize it because they know the amount of money that gambling industry can generate for them per month and per annum.

Even if gambling industry profit is below that 3% , the amount of money that moves through the industry is still plenty. And funny enough what this company spend in advertising even just a fraction of what they get from the plenty users that use them. But that is business,  profit is usually the goal

The interesting part is that to generate this revenue, the casino doesn't even not now need all player to loose plenty amount. There is the house edge so person cannot run away from loss happening. And from this little loss from the thousands of person that gamble is enough for themselves revenue.

[alastantiger]

Op the casinos are not going to really put out what they make because that's their privacy, these data are just assumptions to me and even if these are from reliable sources they aren't exactly the main amount of money they make. it is common knowledge that the casino has what's known as house edge, this alone is what explains the fact that they are always in profit.

I think no business is actually telling the public how much they are making but they are just putting out numbers to satisfy the public because everybody wants to know. Why do we get companies that are guilty of tax fraud if all company was being honest about how much they make and I think casinos are among the companies that they hide the most. Casinos hardly make losses because there are gamblers everyday and now 24 hours in a day gambling on their casino's hence profit is always guaranteed. Only few go bankrupt and that is because of mismanagement. Casino can lie about the profits they are making because of the illegal activity they do like money laundering.

[Versatile_choice]

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.

Sure, owning a casino or gambling platform is one of the best business so far. But it depends on how your platform looks like I mean the features and there are other things that a gambler will need to look at such as bonus offer and also they will have to check if the casino offers instant withdraw is it a license casino, and how trusted they are? This as the things most gamblers consider before jumping into any casino. Personally I also look at those things I listed here before deciding to Join any casino. So even though you have your own personal site if you don't meet up this requirements you may not have enough customers in your site.

[WhoYouCantKill]

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.

Of course, even in normal or small businesses, there are still expenses, and no matter the expenses, the business owner would still make profits at the end of the day after deducting the money from the expenses from the total profits, that’s when you’ll really know how much is really their profit for the day and not just by calculating the total amount that’s been earned. And that’s exactly what I’m talking about here, not necessarily whether the casinos are rich or not, we all know that they are rich, but my point (for the last time) is that you can’t evaluate their total income based on the total income.

[Dunamisx]

Have you even discovered that sometimes casinos also go bankrupt when the whole situation works against them, and that is why you could see that some couldn't afford to continue the operation for this reason? Some of the money they make is not directly held in their wallet, but similarly, they also give back to gamblers who are deserving after they win a bet.

[Judith87403]

You don't even need a data to know that Stake holds the highest earnings because only their promotions alone is enough to tell you that the casino is rich. They spend a lot of money on marketing and they target big celebrities and big crypto forums and platforms to do their marketing. However, as they gain that is how they also spend money because apart from the money they spend on marketing, how about making payments of large winnings because they also experience large wins sometimes despite that losses are higher than winnings. I think that apart from the money that is being generated from running a casino, there is an external amount that stood as a capital before a casino owner can run a casino company. In everything, we shouldn't feel like casinos makes mouthwatering amount of money because those money revolves around the maintenance of the casino such as paying their workers, marketing budgets and keeping the site alive without many glitches.

[xenomorfo]

The industry is a very lucrative industry, and any casino that is now trustworthy will have more and more person coming to gamble with them. And the way it is lucrative is now what has made some countries had to legalize it because they know the amount of money that gambling industry can generate for them per month and per annum.

Even if gambling industry profit is below that 3% , the amount of money that moves through the industry is still plenty. And funny enough what this company spend in advertising even just a fraction of what they get from the plenty users that use them. But that is business,  profit is usually the goal

The interesting part is that to generate this revenue, the casino doesn't even not now need all player to loose plenty amount. There is the house edge so person cannot run away from loss happening. And from this little loss from the thousands of person that gamble is enough for themselves revenue.

It is no coincidence that many open online casinos, because it is an activity that costs little, has little risk and is very profitable

I think that only the fact that so many open casinos makes it clear how it works
maybe in some states you have a lot of messes, like in Italy with AAMS, i mean bureaucratic messes but i think that in other places, like in Malta or Gibraltar it's simpler

then yes the house advantage is obvious.

[Silverstonez]

I'm not surprised by the figures I am seeing right now, infact, they even make more those figures displayed above. As a matter of fact, there is a lot of money in the gambling industry, and those who successfully own one or two casinos are flowing in million of dollars.

Let me talk about stake.com, because I was expecting them to top the table, stake casino has made millions of dollars, and they are general regarded as one the richest and largest online casino in the world, although I can't tell if they are the richest, but i believe they're the largest, even though I don't have proof to back it up.

[gracreavix]

Casinos are making money.  I see the reason why they advertise aggressively. That's actually the backbone of every business. Advertising. Casinos seems to do it better. Somehow gamblers are advertising them without them knowing it. There are some heavy cost that it might seem it's eating them up. But their revenue is definitely solving the issue. With the high betting volume, casinos don't actually tell how much they keep. That's an insider information that might never surface