Which Countries Have The Highest Demand for Crypto Casinos?

Country	Crypto Casino Demand – Average Monthly Searches	Y-on-Y Increase	Population	Occurrence Rate
Norway	600	126%	5,474,360	10.9601853
Sweden	1,000	48%	10,612,086	9.423218018
Netherlands	1,300	60%	17,618,299	7.378691893
Switzerland	500	181%	8,796,669	5.683969694
United Kingdom	2,900	50%	67,736,802	4.281276816
Canada	1,600	0	38,781,291	4.125700715
Germany	3,400	53%	83,294,633	4.081895649
United States	12,100	650%	339,996,563	3.558859505
Australia	880	14%	26,439,111	3.328402381
Ukraine	1070	84%	36,744,634	2.911989816
Poland	620	23%	41,026,067	1.511234309
Spain	620	50%	47,519,628	1.304724018
Italy	720	108%	58,870,762	1.223017973
France	720	50%	64,756,584	1.111856055
Argentina	270	52%	45,773,884	0.5898559974
Malaysia	170	0	34,308,525	0.4955036685
Philippines	480	23%	117,337,368	0.4090768424
Turkey	320	0	85,816,199	0.3728899715
Korea	180	56%	51,784,059	0.3475973175
Japan	280	86%	123,294,513	0.2270985084
Mexico	270	129%	128,455,567	0.2101894113
Vietnam	190	89%	98,858,950	0.1921930184
Brazil	360	23%	216,422,446	0.1663413415
Indonesia	320	22%	277,534,122	0.1153011376
India	720	83%	1,428,627,663	0.05039801613

Please note: Average monthly searches refers to monthly search volumes for the term ‘crypto casino’ in each country’s native language.

Countries with the Highest Search Volumes for Crypto Casinos

We used Google keyword data to determine the three countries with the highest monthly search volumes for the phrase “crypto casinos” per 100,000 of the population:

1: Norway (10.96 Searches Per 100,000 of the Population)

Most forms of gambling are illegal within Norway, with citizens limited to playing the lottery or betting on horses through the state-owned sites, Norsk Tipping and Norsk Rikstoto. That said, Norway’s gambling laws do not prevent Norwegian players from using sites based in other countries, and as a result online and crypto casinos are extremely popular.

Cryptocurrency is legal in Norway, with the government declaring it an asset, and many large Norwegian companies, including Norwegian Air, now accept Bitcoin as a valid payment method.

2. Sweden (9.42 Searches Per 100,000 of the Population)

Online gambling is legal throughout Sweden, but sites must hold a licence from the relevant Swedish regulatory authority. Foreign-based online casinos are banned from advertising in Sweden, and in order to further discourage the Swedish population from using them, winnings from sites outside of the jurisdiction are subject to a hefty 30% capital gains tax.

Like its Scandinavian neighbour, Norway, Sweden has embraced cryptocurrency and has even launched its own eKrona, the second cryptocurrency to be backed by a central bank.

3. Netherlands (7.37 Searches Per 100,000 of the Population)

The Netherlands was one of the last countries within Europe to legalise online gambling when it relaxed its laws in October 2021. All sites must now be regulated by the Kansspelautoriteit and adverts must not target the under-25s or feature famous athletes. The initiative for change came off the back of a 2016 report, which found that the Netherlands was losing up to €100 million per annum in taxes as a result of the ban. Like Norway and Sweden, the Netherlands is known for being a cryptocurrency friendly country and ranks as the country most-interested in cryptocurrency worldwide.

Countries with the Largest Rise in Demand for Crypto Casinos

While these liberal European countries have all embraced cryptocurrency and are welcoming its use in both their online casinos and storefronts, our next set of countries are in the midst of refreshing their gambling laws for the modern age and it remains to be seen how crypto casinos will fit into the equation:

1. United States (YonY Increase 650%)

The United States has a thriving gambling industry, worth a staggering $53 billion. Las Vegas in particular has seen a boom, with an incredible 39% increase in overseas visitors during 2023, but the country as a whole has a complicated relationship with gambling. Despite the online gambling industry in the United States being worth an estimated $9.5 billion, online casinos are banned in several states from Alaska through to Wyoming. Even in the Bright Light City itself you would find that online gambling is only partially legal for sports betting and poker, while all other casino style games are banned. This creates a need for anonymity that crypto casinos can easily provide.

With a year-on-year increase of 650%, demand for crypto casinos amongst the US population is through the roof. In part this is driven by a trend towards the relaxation of gambling laws in America, with more and more States seeking to capitalise on taxes from gambling revenue, which exceeded $60.4 billion in 2022. As legalised online gambling comes to be seen as a significant source of state income, this could further drive the demand for crypto casinos in the US.

2. Switzerland (YonY Increase 181%)

As in the US, Switzerland’s gambling laws are in a state of flux. While online gambling is legal in the Alpine country, providers must operate or partner with a domestic brick-and-mortar casino. Swiss casinos all hold licences granted by the Federal Council, and a review is carried out every 20 years, with the next one taking place on 31 December 2024. While Switzerland is widely regarded as a crypto-friendly country, the current licences were granted long before the first crypto casino opened, and at a time when just 68% of the population had internet access.

3. Mexico (YonY Increase 129%)

Mexico is in the process of introducing more thorough online gambling regulation after an agreement was reached between the country’s governing parties. If the bill goes ahead, the Mexican market could be catered for by a single national gambling platform, serviced by a handful of providers. While this might seem restrictive, it would be a significant step forward for the domestic market, as Mexican citizens are currently banned from using online gambling websites based in the country.

Philip Hoey, Director of CoinJournal, thinks the future of crypto casinos is a one way bet:

“As major markets like the US begin to liberalise and regulate online gambling, or simply revamp their existing rules to bring them up to speed with the 21st century, they build the foundations of a thriving industry, with lower barriers to entry, healthy competition and widespread public acceptance. This, coupled with the burgeoning growth of cryptocurrencies across the globe, means that crypto casinos are undoubtedly heading for a boom”.