Quote from: Barbut on July 17, 2017, 06:51:24 PM

Quote from: TopT3ns on July 17, 2017, 06:32:09 PM

not more than 30% maybe because the biggest percentage maybe held by miners and traders as we can see there are a lot of markets than gambling site. the volume too

Some miners and traders are also a gamblers and 30% is pure guessing, there is no way for us to calculate how much percents of all crypto wealth is in gambling. There is many sites, and probably every site have some high rollers, plus so many little players. Its already mentioned, but some fiat casinos now accept bitcoins, and how to track all that, almost impossible. Even thou 30% is guessing, I must admit that its reasonable assumption, maybe a bit high who knows, 30% out of 70 billion, market value of cryptocurrencies, is almost 21 billion, do you really think that people have so much money in bitcoin gambling? When you put things like this in dollars for me 30% maybe even sounds to high. I tried to find more informations about about this topic but I couldn`t, I doubt that we will hear right answer on this question.

Yes, I doubt also that a completely accurate number will be found. I do appreciate all the answers in the thread with estimates and theories to come up with a somewhat accurate estimate. Personally, I am thinking crypto-gambling is between 400 million and 1 billion a month in revenues, all depending how you count. I estimate that companies like nitrogen for instance (I could be completely off), have some 6000-8000 players per month based on analyzing traffic (not blockchain data). If they are normal post-up players, that is about $100 per player in revenues or 6-8 million during season. Now, there are then other companies with about same size as nitrogen, and then 'old' companies, like Bovada and other companies that have started to direct a large amount of their activities to crypto-currencies.

of the 45 billion dollar a year gambling market, I estimate that 15-25% is stemming from crypto-currency deposits. I am therefor estimating a value of the crypto-gambling markets between 5 billion and 12 billion dollars a year in revenues.

The answers I have received have largely been in the range of my own estimates.

I thank all contributors to the thread.