Outside Source
[PRESS RELEASE – Tallinn, Estonia, August 21st, 2024]
Crypto gambling has grown in popularity and adoption since its introduction in 2012. Today, the segment’s worth far outnumbers hundreds of millions of dollars. CasinoRIX unveils the 2024 Crypto Gambling Stats, to make the data more precise.
Key Crypto Gambling Statistics in 2024
CasinoRIX researchers unveil info on crypto gambling. Here are their core findings:
- The crypto gambling market is currently evaluated at around $250 million, with substantial growth prospects.
- Slots are a favorite. Other types gaining traction are sports betting and some table games.
- Bitcoin has been and remains the top gambler choice since 2012.
The In-Depth Look into the 2024 Gambling Industry
The Number of Crypto Bets Has Soared by 80%+
CasinoRIX reveals that the number of cryptocurrency bets has skyrocketed by 83.6% compared to mid-2022. Additionally, the number of crypto transactions approaches 30% of the total wagers. The stats show the growing popularity and only scarce influence of crypto volatility on punters’ choices.
The Industry’s Favorites
52% of gamblers named slots their favorite games, specifically highlighting their accessibility, variety, and easy mechanics. Roulette came in second place, with about 25% of punters choosing it. Some of the other common casino selections are crash games, baccarat, and plinko.
Crypto Gambling Transactions
As stated, BTC remains the most popular virtual coin for casino transactions, accounting for almost 75% of all transactions. Ethereum is the runner-up, used for nearly 9%, and Litecoin is bronze, with 6%. Tether and Dogecoin close the top five. Even though the industry has a clear leader, casinos try to expand the cryptocurrency selection to give punters more freedom and variety.
77% of All Cryptocurrency Casinos Offer Provably Fair Gambling
Apparently, provably fair gambling has changed the level of transparency. It allows one to verify the results and check the trustworthiness of each card dealt or reel spinner. The algorithm is more prevalent in cryptocurrency casinos due to their inherent transparency and reliance on blockchain technology.
50% of All BTC Transactions Are Gambling Related
Bitcoin may still be far from mass adoption, but according to CasinoRIX, it’s moving that way. These days, many e-commerce platforms already accept it as a payment method for real estate, jewelry, insurance, etc. Despite this, about 50% of all BTC transactions still come from the gambling sector.
Cryptocurrency as a Payment Method
CasinoRIX’s research has revealed that Europeans are most likely to register at online gambling and betting platforms, with each number approaching 40%. However, the region isn’t as favorable for cryptocurrency gambling, with only 12% of all punters owning virtual coins. However, the research spotted the vastest adoption of crypto payments in states like Malaysia, India, Vietnam, Singapore, South Korea, and Indonesia, where the numbers hit 20%+.
About CasinoRIX
CasinoRIX is a leading name in crypto-gambling. Known for its reliable and transparent reviews, it helps players find casinos. With its finger on the pulse of the industry, CasinoRIX provides up-to-date insights and trends and offers constant 24/7 support to shed light on any inconsistencies.
This article first appeared at CryptoPotato
