Crypto casino Rollbit’s November 2023 revenue is $56 million, the company said on December 1. It marks a 47% growth from the September 2023 revenue figure of $38 million. Rollbit also burnt 38,029,276 RLB coins worth over $7.5 million last month, about 1.22% of RLB’s total circulating supply.
At the time of writing (December 1, 7.50 EST), RLB was trading at $0.1787, up 5.13% in 24 hours, per CoinMarketCap data.
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Casino Revenue Tops $38 Million
In a post on X, Rollbit provided a break-up of November income through three key revenue streams. In the 30 days, Rollbit’s casino revenue stood at $38,386,265.44, crypto futures revenue at $11,060,362.49, and sports revenue at $6,583,821.63.
The revenue across our casino, crypto futures and sportsbook totaled $56,030,449.56 in November!
$7,626,149.71 worth of Rollbit coin was bought and burned in the last 30 days as a result.
This reduced the $RLB supply by 38,029,276 coins (~1.224% of the circulating supply). pic.twitter.com/tGMwVaWipp
— Rollbit (@rollbitcom) December 1, 2023
At the end of November 2023, RLB’s total circulating supply of burnt RLB coins was 3,068,494,550, while the total number of burnt coins was 1,931,505,450, which is 38.63% of the initial total circulating supply of the token.
Market Cap Crosses $500 Million
Separately, in a report, Alpha Sigma Capital said Rollbit’s year-to-date (YTD) Rollbit revenue at the end of October 2023 was $355 million, and the company crossed the $500 million in valuation.
“In the last 30 days, Rollbit has generated $41.7 million in fee revenue, an annualized rate of $508 million. This ranks as a close 3rd among all crypto protocols/platforms, exceeded only by Uniswap with $543 million annualized fees and Lido with $529 million annualized fees per Defi Lama.
Yet RLB boasts a mere $505 million market cap, vs. $1.6 billion for LDO and $3.2 billion for UNI,” Alpha Sigma said in its report.
Rollbit’s Duel Arena Goes Live
Recently, Rollbit launched a RuneScape-inspired player vs. player (PvP) gaming arena where players can negotiate the bet, and the house will have a 0% edge.
Players can bet with RLB and supported NFTs—Bored Ape Yacht Club, CryptoPunks, Rollbots, and Sportsbots.
