The online casino industry has been growing at pace over the last few years, with thrill seekers attracted to the convenience of playing casino games at home, and the major pull of having the chance to win big without having to step into a real casino.
In 2024, the online gambling market was valued at USD 78.66 billion and it is expected to reach USD 153.57 billion by 2023, representing a projected annual growth of around 12%.
With the number of crypto currency owners also increasing rapidly over this time, it is no surprise that crypto casinos are becoming more popular. Between 2019 and 2024, the crypto casino industry market grew from $50 million to $250 million and is predicted to reach over $400 million by 2028.
Why crypto casinos are growing in popularity
Crypto casinos offer the same thrilling experience of playing casino games but with lots of additional benefits including:
Anonymity and privacy
Playing crypto casinos provides greater privacy and you do not need complete Know Your Customer verification when you register. As well as being more anonymous, not going through the longer KYC process helps to save time so that players can quickly get started with new casinos and take advantage of welcome bonuses without complicated registration steps.
Crypto casinos do not have geographical barriers in the same way that online casinos do, so this allows players from all around the world to play them.
Exclusive bonuses
Another reason players are flocking to crypto casinos is because they offer bonuses that are often better than the ones offered on traditional online casinos. If you take a look a selection of the best crypto casinos you will see that there are lots offering 200% deposit matches, while non-crypto casinos generally offer around 100% or 150%, so crypto casino players can make their money go further when playing casino games.
Faster transactions
One of the biggest frustrations for online casino players is the wait for making withdrawals or making deposits. With crypto casinos, withdrawals are usually instant, while other online casinos can take up to 5 days or even longer in some cases.
Lower fees
People who invest in crypto currency tend to be more tech savvy than average, and they are also financially savvy. They look for money savings to protect their finances, and crypto casinos have either no transaction fees or significantly lower fees. This makes an even bigger financial difference for players making foreign transactions and paying foreign transaction fees to play offshore accounts.
Tech-advanced
Crypto casinos tend to have more sophisticated platforms because crypto owners expect a higher standard of digital experience. They often incorporate the most cutting-edge design tech and latest gaming experiences.
These are just a handful of the reasons why crypto casinos are thriving but as more people start buying crypto currencies, we can expect an even bigger increase in crypto casino playing. Crypto casinos appeal to the younger generations of more tech-savvy gamers, so this will also likely be a catalyst for further growth of the crypto casinos industry.
Kattiella Wadeer – Gambling Insights Specialist
Kattiella Wadeer serves as the Gambling Insights Specialist at Gamble Wins Daily. With a strong background in casino games, promotions, and risk management techniques, Kattiella provides expert advice on navigating the gambling world. Her focus on responsible gambling and risk mitigation makes her a valuable asset to the team, helping readers find the best opportunities while minimizing risks.
