What is GambleFi?
Gambling Market Overview
Last updated
Gambling Market Overview
Last updated
GambleFi refers to a growing trend that merges elements of online gambling with decentralized finance (). The goal of GambleFi is to establish a financial ecosystem that enables users to participate in online gambling activities while also taking advantage of the benefits and features offered by decentralized finance by providing them with an ownership stake in the overall ecosystem.
The number of crypto bets increased by 2.2% in Q1 and Q2 of 2022.
80% of bettors use mobile devices for online gambling.
Top Casinos get an average of 5-50+ million monthly visitors.
The Average Monthly Revenue of casinos is around $10-100 Million yearly. It can go up to +$2B for the top casinos.
A 0.1% market share of 2022's $63.5 Billion total revenue estimates that any boutique casino can capture $40-60 Million in the first 12 months of operating.
The market size of the reached a value of $131 billion in 2021. It is estimated that the global casino market value will reach $263.3 billion by the end of 2023.
The global market was valued at $63.53 billion in 2022 and is expected to grow at a CAGR of 11.7% from 2023 to 2030.
The combined weight of is over $150 million, with a 6% boost between October 2020 to January 2021.