Crypto Gains Ground in iGaming
A comprehensive industry report published by Gaming Analytics International reveals that cryptocurrency payments now account for 28% of all deposits made at online casinos globally, up from just 12% two years ago.
Bitcoin remains the most popular cryptocurrency for casino deposits, accounting for approximately 45% of all crypto transactions. Tether (USDT) has emerged as a strong second, favoured for its price stability, while Ethereum, Litecoin, and newer entrants like Solana round out the top five.
Why Players Prefer Crypto
The report identifies several key drivers behind the surge in crypto adoption: faster withdrawal processing (averaging 15 minutes vs. 2-5 days for traditional methods), lower transaction fees, enhanced privacy, and the ability to bypass traditional banking restrictions in certain jurisdictions.
Interestingly, the report also notes that crypto players tend to have higher average deposit amounts and longer session times compared to traditional payment method users.
Operator Adoption Trends
On the operator side, the report finds that 73% of newly licensed online casinos in 2025 launched with cryptocurrency support from day one, compared to just 34% in 2023. Major established brands are also adding crypto options, with several tier-one operators announcing crypto integration in the past quarter.
The trend shows no signs of slowing, with analysts projecting that crypto could account for 40% of all online casino transactions by the end of 2027.
