Crypto Casino Market Growth Outpaces Traditional Gambling

Industry projections show the crypto casino boom is far from temporary. The market is forecast to expand from $6.3 billion in 2023 to $55.3 billion by 2032

Crypto casino platforms are rapidly transforming the global gambling landscape, according to All iGaming, as they continue to attract new users and capital, especially from emerging markets.

Crypto Casino Market Surpasses Traditional Gambling

The crypto casino industry is witnessing explosive growth, with total bets estimated to reach $26 billion in Q1 2025, according to All iGaming. This volume is nearly double the $13 billion recorded during the same quarter in 2024, highlighting a major spike in user activity and global interest in digital gambling platforms.

Industry projections show the crypto casino boom is far from temporary. The market is forecast to expand rapidly from $6.3 billion in 2023 to $55.3 billion by 2032, at an annual growth rate of 27.29%. In comparison, the broader global gambling industry, encompassing both physical casinos and online platforms, is expected to grow at a slower rate. It’s projected to reach $618.7 billion in 2025 and rise to $754.8 billion by 2029, with an annual growth rate of just 5.1%.

The Financial Times also reported that gross gaming revenue (GGR) from crypto casinos reached $81.4 billion in 2024, a fivefold increase since 2022, citing data from analytics firm Yield Sec.

Emerging Markets Fuel Crypto Casinos’ Rise

A major driver behind the rise of crypto casinos is the growing demand in emerging markets, especially where traditional banking infrastructure is limited or currency stability is high.

One key enabler of this trend is the widespread adoption of stablecoins in these regions. According to Inside Bitcoins, stablecoins now account for more than half (58%) of all deposits in crypto casinos, with USDC and USDT dominating the sector.

Chainalysis report further highlights that stablecoin usage in Latin America is growing at a 42% year-over-year rate, led by Venezuela, Argentina, and Brazil.

The region captured 9.1% of global crypto transaction volume, with Argentina and Brazil each handling over $90 billion in crypto flows.

As demand for fast, decentralized betting continues to grow, crypto casino platforms are rapidly transforming the global gambling landscape, bringing new users and capital from regions where traditional casinos often struggle to reach.Check other DailyCoin’s top crypto news:ETH ETF Hits New Record: Ethereum Price Setup Primed For $10K?Biggest XRPL Upgrade Ever? Ripple Set to Launch EVM Sidechain Mainnet in Q2 2025