Rollbit reports September casino and sports betting revenue of $30m
Crypto-first firm achieved more than $2m in revenue in one 24-hour window across its three verticals
Crypto gambling operator Rollbit has posted almost $30m in casino and sports betting revenue in September alone.
According to tweets from the Curaçao-licensed operator’s co-founder known as Lucky, Rollbit netted total gambling revenue of $29.7m across the two verticals.
The vast majority of this revenue came from online casino, at $24.9m, with $4.8m in revenue being derived from its sportsbook.
A further $7.9m in revenue was reported via the group crypto futures trading arm.
In the 24 hours between 18 September and 19 September, Rollbit reported revenue across its three streams of more than $2m.
In addition to promoting the group’s revenue performance, Rollbit also pointed to the success of its ‘buy and burn program’ for its Rollbit Coin (RBL) cryptocurrency.
Burn and buy programs are implemented to reduce supply, making cryptocurrencies scarcer.
In theory, this will raise prices of corresponding coins.
The program was launched on 8 August which has seen Rollbit buy back $5.5m worth of RBL from the Degan Exchange.
The operator proceeded to burn 90% of its chain, with the remaining 10% distributed to holders.
Holders can earn RLB passively by staking them within Rollbit’s NFT marketplace.