ii. Market Analysis & Problems Addressed
Last updated
Last updated
Industry Landscape The online gambling industry is experiencing unprecedented growth, with the global market size projected to reach USD 153.57 billion by 2030, growing at a CAGR of 11.7% (2023-2030) [Grandview Research]. This explosive growth is driven by technological advancements, mobile gaming proliferation, and increasing acceptance of digital payment solutions. Key Problems in the Market
Financial Privacy & Transaction Security: Many online gamblers are concerned about financial privacy when using traditional banking for gambling transactions, with 54% reportedly worried about risks to mortgage applications, credit assessments, rental applications and insurance premiums. Additionally, many platforms require KYC verification, often leading to withdrawal delays of up to several days. Wagers Solution:
Compliance with global regulatory standards while prioritizing user privacy.
Integrated crypto & fiat payments, providing freedom to separate gaming transitions from traditional financial records, protect personal information and enjoy entertainment without repercussions.
Fast withdrawals, majority of crypto withdrawals processed instantly or up to 48 hours, reducing payout delays.
Industry Trust & Security: Endemic concerns about game fairness, data protection, and fund security. Wagers Solution:
Partnerships with industry-leading game providers
Transparent return-to-player rates
Provably fair gaming mechanics, allowing players to verify bet outcomes
Comprehensive regulatory compliance
Advanced security protocols
Transparent Affiliate tracking with real time dashboards and reports
Market Integration Gap: The online sports betting market ($60B) and online casino market ($70B) operate in isolation, creating inefficiencies. This data suggests that web3 casinos should have a fairly even revenue split between casino and sports, however the industry average is 20% sports revenue vs 80% casino [periodic review of online dashboards available, sometimes as low as 10% sports], suggesting sports bettors are underserved by existing web3 sportsbooks. This gap solidifies Wager’s core offering of a sports betting solution rivaling global sportsbook leaders, tied to a premium casino platform: Wager's Solution:
Seamless integration of sports betting and casino gaming
Bespoke sportsbook with professional-grade features surpassing existing web3 sportsbooks
AI Trained sports betting, increasing bet frequency by up to 22% [internal statistic].
Real-time data integration and analytics
Loyalty Program Fragmentation: Approximately 70% of players prefer casinos with strong loyalty programs, yet most sportsbooks fail to offer integrated rewards. Wager aims to capture this gap with web3’s best sportsbook and a reward structure for both casino and sports customers. Wagers Solution:
Cross-platform rewards where users earn points, cashback, and VIP perks across all activities
Rewarding every player: Accumulate Wager Credits on every bet (win or lose), instantly redeemable on any casino games or sports bets
Referral and community-driven incentives
Premium VIP programs with market-leading rakeback and perks like Level Up Bonuses, VIP hosts and free spins.
Deposit and Withdrawals: Crypto casinos often frustrate players with limited payment options and slow withdrawals, forcing a choice between preferred methods and play. Many online bettors [67% per Statista, 2024] prefer fiat deposits over crypto. Wager’s solution:
Offers both fiat AND crypto payments
Wide range of crypto payments supported: 12 coins with regular additions
Processes withdrawals instantly in most cases (verification pending) - faster than most crypto-only platforms
Allows players to choose what works best for them
