CasinoRIX reveals 2024 crypto gambling stats

Crypto gambling has continued its upward trajectory since its inception in 2012, now boasting a market valuation of approximately $250 million, according to recent data unveiled by CasinoRIX.

The platform, known for its in-depth research and transparent reviews, has shared significant statistics and trends shaping the industry in 2024.

The report highlights a dramatic increase in the number of cryptocurrency bets, which have surged by 83.6% since mid-2022.

This rise indicates growing popularity despite the occasional volatility of cryptocurrencies.

Moreover, around 30% of all wagers now involve crypto transactions, reflecting a strong adoption of digital currencies in the gambling sector.

When it comes to game preferences, slots dominate the market, with 52% of gamblers naming them as their top choice due to their accessibility and variety.

Roulette follows, preferred by 25% of punters, while other popular games include crash games, baccarat, and plinko.

Bitcoin (CRYPTO:BTC) remains the leading cryptocurrency for transactions in the gambling industry, accounting for nearly 75% of all crypto-related activities.

Ethereum (CRYPTO:ETH) follows with 9%, and Litecoin (CRYPTO:LTC) ranks third with 6%.

The data suggests that while Bitcoin is the clear favorite, other cryptocurrencies are gradually gaining traction as casinos expand their offerings to provide more options for players.

Additionally, the concept of provably fair gambling has become increasingly popular, with 77% of all crypto casinos offering this feature.

This method enhances transparency by allowing players to verify the fairness of game outcomes, reinforcing the trust that Blockchain technology brings to the gambling sector.

Interestingly, nearly 50% of all Bitcoin transactions are linked to gambling, underscoring the strong connection between the two.

Despite broader applications for Bitcoin in e-commerce, gambling remains its predominant use case.

The research also highlights regional differences in cryptocurrency adoption for gambling.

While Europeans are the most likely to register on online gambling platforms, only 12% of them use cryptocurrencies.

In contrast, Asian countries like Malaysia, India, and South Korea have seen higher adoption rates, with over 20% of punters opting for crypto payments.

CasinoRIX continues to play a pivotal role in the crypto-gambling industry by providing accurate and timely insights, helping players navigate the evolving landscape with reliable information.