The Rise of Crypto Casinos in 2021 and Why It Matters

The global online gambling industry recorded a value of $53.7 billion in 2019. According to data from Grand View Research, the industry is expected to see a compound annual growth rate (CAGR) of 11.5% from 2020 through 2027.

This figure has slightly increased due to the global pandemic. In 2020, the online gambling space recorded a trading value of $72.02 billion with an adjusted CAGR market forecast of 12%. This data puts the booming industry at $112.09 billion by the year 2025.

These figures are staggering, and the contributing factor has been the use of cryptocurrencies by casinos. The crypto space has seen exponential growth after bellwether Bitcoin skyrocketed to a total market cap of $1 trillion and pushed the crypto market to a whopping $2.72 trillion in locked value.

Source: https://www.economywatch.com/news/the-rise-of-crypto-casinos-in-2021-and-why-it-matters