Crypto Gambling Market Statistics: A Look at Crypto Casinos
Crypto casinos have been around since 2012, but the interest in crypto gambling hit a record high only within the past few years, especially since the pandemic.
The increased interest in cryptocurrencies, combined with the sustained growth of the global online gambling market, contributes to the vast potential of the crypto gambling segment, which is already worth hundreds of millions of dollars.
However, despite promising developments, crypto casinos also face challenges. In many countries, crypto casinos are currently under-regulated and a bit of a gray area.
So, what’s the current state of crypto casinos, and how does the crypto gambling segment compare to fiat gambling? We cover the most recent crypto gambling market statistics to help you understand recent and emerging trends.
In This Guide
Key Crypto Gambling Market Statistics & Trends To Know
- The global iGaming market went from $37 billion prior to the pandemic to over $70 billion in 2024, and is expected to reach over $150 billion in 2030.
- Sports betting makes up 43% of online gambling market revenue, followed by casino games at 32%.
- Fiat bets still account for most of the revenue, and recent estimates place the crypto gambling market size at $250 million.
- Interest in Bitcoin casinos quadrupled between 2019 and 2021. In 2022, around 4% of all online gambling searches were crypto-related.
- Crypto made up nearly 8.5% of gross gaming revenue (GGR) for sports betting in 2021.
- The crypto bet sum grew over 20% between 2022 and 2023, while the crypto bet count went up by over 50%.
- In 2023, BTC accounted for 73.3% of all crypto gambling transactions, followed by Ethereum at just 9.9%. DOGE was also within the top five, accounting for 3.1% of iGaming bets.
- Recreational gamblers make up the majority of crypto gamers. Most Ethereum gamblers only gamble 1-10 times, and less than 20% place over 100 bets.
- The average crypto gambler is likely to be male, young, tech-savvy, and interested in speculative investments like day trading.
- Online gamblers increasingly prioritize privacy, data safety, and fast transactions.
- In the US, 62% of current iGamers aged 18-34 were interested in crypto gambling. In this age group, 62% of potential crypto bettors were men.
What Is Crypto Gambling And How Does It Work?
Crypto gambling isa form of digital gambling that allows players to pay in cash using cryptocurrencies like Bitcoin or Ethereum.
