As part of a deflationary strategy for its tokenomics, it has burned over 40% of the RLB’s initial supply.
Rollbit has reported a 12% increase in January 2024 revenues over the previous month. The Curaçao-licensed crypto casino platform generated $64,926,252.19 ($64.9 million) across its casino, crypto futures, and sports betting platforms, representing a significant increase compared to previous months.
The increase in January revenue is more than 12% over its December 2023 revenue of $58 million. January also witnessed one of the largest — a massive $15 million — wins on the online casino platform.
During the month, casino revenue was the largest contributor, bringing in $48,334,775.10 ($48.3 million), followed by sports betting at $10,778,505.17 ($10.7 million) and crypto futures at $7,812,971.92 ($7.8 million).
Over 40% of RLB’s Initial Supply Burned
The report also emphasized Rollbit’s commitment to its tokenomics and deflationary model. The company has burned 40.96% of its RLB tokens since it started the buy-and-burn program 25 weeks ago. In January, the company burned 62,639,979 ($62 million) RLB tokens worth $8,217,550.01 ($2.2 million).
Sportsbook Registers Record 24-Hour Revenue Rollbit co-founder @Lucky_Rollbit stated on January 28 that the platform’s sportsbook generated over $1.55 million in revenue over 24 hours.
“We’ve broken a new record for our sportsbook over the last 24 hours, generating over $1.5MM in revenue and burning 0.1% of the RLB supply… in a single day! I’m optimistic we’ll be able to maintain this accelerated growth with the addition of our in-house Sportsbook, which is progressing nicely,” Lucky tweeted.
Multi-Million Dollar Esports Sponsorship Deal
In another significant development, Rollbit, on January 23, announced a multi-million dollar Esports sponsorship deal with leading online gaming and entertainment company FaZe Holdings (FaZe Clan).
“Under the terms of the partnership, Rollbit will become a global partner of FaZe Clan’s Counter-Strike team, which is currently the number one ranked team according to the CS2 Valve World Ranking, a PR from FaZe stated.
Rollbit’s sponsorship of FaZe Clan complements its recent collaboration with SSC Napoli, a prominent Italian football club.
