Stake revenue: how a crypto casino makes money, from its own published house edges
Stake revenue: how a crypto casino makes money
Stake makes money from the house edge on every bet. Its own game pages state a 1% edge on Dice, Crash and Plinko, and its fairness code sets 2% on Drill. Third-party slots carry 4% to 6% on studio sheets. Forbes reported US$4.7 billion of Stake gross revenue for 2024; Stake publishes no accounts.
Piece published Reviewed by CryptoGuardz Register Desk, editorial desk
Stake makes money the way every casino does: it keeps a fixed share of every bet over time. Its own game pages state that share. Dice, Crash and Plinko each carry a 1% house edge and a 99% return to player, and the fairness code Stake publishes sets 2% for Drill. Forbes reported that Stake.com "generated $4.7 billion of gross revenue in 2024". Stake itself publishes no accounts.
The rest of this page connects those two kinds of number: the edge Stake publishes per game, and the revenue figures others have printed.
How does Stake make money?
From the gap between what players stake and what the games pay back. On Stake's in-house games that gap is printed on the game page. On the third-party slots it is set by the studio, and usually wider.
The Return-to-Player percentage of Stake Dice is 99%, with a low house edge of 1%.
Every round has a 99% return to player and a 1% house edge.
The Plinko page says the same: "This game has a house edge of 1% and a return-to-player rate of 99%." The provably fair code goes one step further and puts the edge into the formula itself:
// Game event translation with houseEdge of 0.99 (1%) const floatPoint = 1e8 / (float * 1e8) * houseEdge;
The same page gives Drill a multiplier of 0.98, "(2%)". The Stake fairness scheme was reproduced in code for the register in September, for Dice, Limbo, Roulette and Plinko, and the results matched published vectors; the method is on the provably fair page. Crash is the gap: the game events page points to a forum thread instead of specifying it.
What is the house edge on the slots Stake carries?
Wider, and not Stake's to publish. Third-party slots ship with an RTP set by the studio. The register's games dataset, built from studio game sheets collected on 5 October 2026, gives these for five of the most searched titles:
| Game | Studio | RTP on studio sheet | House edge |
|---|---|---|---|
| Dice | Stake Originals | 99% | 1% |
| Book of Dead | Play'n GO | 96% | 4% |
| Sweet Bonanza | Pragmatic Play | 95.45% | 4.55% |
| Gates of Olympus | Pragmatic Play | 94.5% | 5.5% |
| Starburst | NetEnt | 94.05% | 5.95% |
| Wolf Gold | Pragmatic Play | 93.99% | 6.01% |
Across the 231 titles in the dataset that carry an RTP, the median top figure is 96%, the lowest 93% and the highest 99%. These are the studio's published figures. Whether Stake runs each slot at that setting is a separate question its pages do not answer for every title: not measured. Some studios ship several RTP versions of one game, and the operator picks.
The edge is the casino's take on average, not per session. A player who wagers US$10,000 through Dice at 1% has an expected loss of US$100. The same US$10,000 through Wolf Gold at 6.01% has an expected loss of US$601. That is arithmetic on the published RTPs, not a prediction for any one player.
How much revenue does Stake make?
The published figures come from Forbes and from Australian accounts, and they measure different things.
| Figure | What it covers | Period | Source |
|---|---|---|---|
| around US$100 million | Stake gross gaming revenue | 2020 | Forbes, 7 Jun 2024 |
| more than US$2 billion | Stake gross gaming revenue | 2022 | Forbes, 7 Jun 2024 |
| US$2.6 billion | Stake revenue | 2023 | Forbes, 7 Jun 2024 |
| US$4.7 billion | Stake.com gross revenue | 2024 | Forbes profile, Bijan Tehrani |
| A$970 million revenue, A$257 million profit | Easygo Group Holdings | year to 30 June 2025 | The Australian, citing ASIC filings, via SBC News |
Forbes does not cite a filing for any of its Stake figures, and Medium Rare N.V., the Curacao company that runs Stake.com, publishes no accounts. The Forbes numbers are reported, not audited. The Easygo figures come from statutory accounts lodged with ASIC, read here second-hand through SBC News; the ASIC document itself was not retrieved. Which company books the casino's gaming revenue is not disclosed. The group structure is set out in who owns Stake.
Gross gaming revenue is stakes minus winnings paid. It is the house edge multiplied by everything wagered, before bonuses, rakeback, staff, licences and sponsorship. As an illustration only: at a 1% edge, US$4.7 billion of gross revenue implies US$470 billion of wagers; at 4%, US$117.5 billion. Stake publishes neither its wagering volume nor its game mix, so the true figure sits somewhere this arithmetic cannot fix.
What does rakeback cost Stake?
Not disclosed. Rakeback hands part of the house edge back to the player, which makes it a direct cost against gross revenue. The Stake VIP page lists rakeback as a benefit from Bronze to Diamond but gives no percentage and no formula. It does publish the wagering thresholds:
| VIP tier | Wagered to reach it |
|---|---|
| Bronze | US$10,000 |
| Silver | US$50,000 |
| Gold | US$100,000 |
| Platinum I to III | US$250,000 to US$2.5 million |
| Platinum IV to VI | US$2.5 million to US$25 million |
| Diamond I to V | US$25 million |
At a 1% edge, reaching Bronze costs an expected US$100, and Diamond an expected US$250,000. The page also says Stake "offers money back on losses every time you level up", without a rate. A rakeback percentage quoted anywhere else is not Stake's document. The promotions on the Stake entry record that no welcome bonus is advertised; the recurring prize pools there are the other visible cost.
How much does Stake spend on sponsorship?
The deals are public; the fees are not. Formula1.com reported on 15 December 2023 that Sauber would race as "Stake F1 Team Kick Sauber", with Stake moving from co-title partner in 2023 to "sole title partner", and Kick taking the chassis name, for two seasons "before rebranding as Audi in 2026". No fee was published.
The only Stake promotional figure in a court document is an allegation. The Virginia class action filed on 31 December 2025 says Drake has been paid "some $100,000,000 per year" to promote Stake "by his own public announcements" (paragraph 21). The complaint does not attach the announcement, and the case was stayed for arbitration on 30 July 2026: not verified. The background is in the Drake Stake lawsuit.
SBC News reported in December 2025 that Stake paid a €7 million licence fee to Italy's regulator, ADM. That is a market-entry cost, not marketing, but it is one of the few Stake outgoings with a number attached.
Does Stake.us make money the same way?
Not directly. Stake.us runs a sweepstakes model with two virtual currencies, and the revenue comes from selling one of them. Its legal footing and the state-by-state position are on the Stake.us check and in the Stake.us sweepstakes guide.
Do other crypto casinos publish their house edge in code?
Some do. Of the 14 operators in the register's provably fair dataset, collected on 22 September 2026, five document the algorithm well enough for a third party to reproduce a result: Stake, Shuffle, Sportsbet.io, BC.GAME and Thunderpick. Roobet names fourteen verifiable games but keeps the method behind JavaScript tabs that could not be opened, so its algorithm is recorded as unknown rather than absent. Thunderpick is a commercial partner of this site, disclosed on the disclosure page.
A house edge written into published code is a stronger commitment than one written in marketing copy. The code is what a player can check a roll against. A sentence on a landing page is not. The full comparison is on the provably fair page.
What this does not show
Stake's wagering volume, game mix, sportsbook margin, rakeback rates and sponsorship fees. None is published: not disclosed. The Forbes revenue figures are reported estimates, and the Easygo accounts were read through a news report. Whether every slot on Stake runs at the studio's headline RTP is not measured.
Quick answers
How does Stake make money?
From the house edge. Stake's own pages state 1% on Dice, Crash and Plinko and 2% on Drill. Third-party slots run about 4% to 6% on studio sheets. See the Stake entry.
What is Stake's revenue?
Forbes reported US$4.7 billion of Stake.com gross revenue for 2024, and US$2.6 billion for 2023. Stake publishes no accounts.
What is the house edge on Stake Dice?
1%, for a 99% RTP, per the Stake Dice game page read on 8 October 2026. The provably fair page shows how to check a roll.
Does Stake publish its rakeback percentage?
No. The VIP page lists rakeback from Bronze, reached at US$10,000 wagered, but states no rate.
Where can I get help with gambling?
Gambling Therapy offers free international support at gamblingtherapy.org, and more options are on the responsible gambling page.
Sources
- Stake Dice game page, retrieved 8 October 2026
- Stake Crash game page, retrieved 8 October 2026
- Stake Plinko game page, retrieved 8 October 2026
- Stake provably fair game events, retrieved 8 October 2026
- Stake VIP club page, retrieved 8 October 2026
- CryptoGuardz games dataset, studio game sheets collected 5 October 2026
- CryptoGuardz provably fair dataset, collected 22 September 2026
- Forbes, These Entrepreneurs Went All In On A Crypto Casino, 7 June 2024, updated 31 March 2025
- Forbes profile, Bijan Tehrani, retrieved 8 October 2026
- SBC News, Has Stake ownership achieved its 2025 goals, 23 December 2025
- Formula1.com, Sauber's new team name unveiled, 15 December 2023
- Ridley v. Sweepsteaks Ltd., E.D. Va. 1:25-cv-02511, class action complaint filed 31 December 2025
- CryptoGuardz register entry for Stake
About this piece
Compiled by the CryptoGuardz register team from the sources listed above. Research and drafting are AI-assisted and reviewed by a named editor before publication. Nothing here is a recommendation to gamble. If a figure or a reading is wrong, tell us and the correction is logged in public.