In 2016, the most popular currency being offered in online casinos as a form of payment has become euros (€). Across the world, it is the most widely used in online establishments; 78% of the total number of casinos offer their clients to use Euro. A year ago, however, U.S. Dollar ($) was the most popular currency, being currently ranked second.

Upon registration in any online casino, a player must choose the currency, which he will use to perform financial calculations. As usual, establishments offer their clients an extensive list, regardless of the region of their activities, in order to make the game comfortable for a larger number of users. Along with the traditional or so-called international currencies, such list may include less popular currencies as well as different types of cryptocurrencies.

Euro plays a leading role

Euro managed to prevail over dollar only in 2015. This situation was affected by some significant factors. Thus, in recent years the EU has increased the number of countries using the single currency. In addition, the US has experienced dramatic changes to the law causing the ban of many types of online gambling activities. Earlier, the US market was one of the most attractive in the world. In addition, the U.S. dollar was considered one of the most stable currencies, and players were always confident in the reliability of green backs.

Of course, the best alternative to the dollar is the euro, which is used by a fifth of the world's foreign currency holdings.

The most popular currencies in casinos

So, we have figured out two leaders. What are the other currencies available in online casinos? The third place of honour is taken by the British pound (₤) being represented in 58% of online establishments. Of course, it is not a surprise that this currency takes the third position of the rating as it is one of the most popular and reliable currencies in the world. In addition, gambling is very popular in the UK. English jurisdiction is one of the most respected and experienced in the world in terms of issuance of gambling licenses.

Next places have been already taken by the representatives of Asia: Chinese yuan (¥) and Japanese yen. In China, land-based casinos are more popular than online ones; however, the currency of this country is often presented in virtual establishments.

The fourth and fifth places are occupied by two more dollars, but this time they are Australian and Canadian.

Among the top ten most popular and used in online casinos currencies are monetary units of European countries such as Sweden (Swedish krona), Norway (Norwegian krone), Denmark (Danish kroner) and Switzerland (CHF franc), as well as the South Africa Republic with its South African rand. In all these countries, online gambling is very popular and in great demand among users.

Currency

Casino

%

EUR

579

78.5%

USD

546

74.0%

GBP

429

58.1%

AUD

251

34.0%

CAD

241

32.7%

SEK

212

28.7%

NOK

171

23.2%

ZAR

139

18.8%

DKK

101

13.7%

CHF

92

12.5%

RUB

80

10.8%

PLN

58

7.9%

NZD

52

7.0%

CZK

47

6.4%

BRL

41

5.6%

JPY

37

5.0%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

It should be noted that the Russian ruble takes the 11th place in the list. Over the past year, this currency along with EUR had the most rapid growth in popularity among online casinos around the world. Despite the drop in the economy, Rouble  is represented today in more than 10% of all online gambling establishments.

The South African rand, the Norwegian krone and the South Korean won have also reached a much better results this year. In respective countries, the gambling market is considered to be very promising. In other countries, by contrast, there was a decline in currency popularity due to various reasons.

Therefore, in spite of their high position in the ranking, many major currencies have changed the indicators for the number of casinos in which they are represented:

  • Canadian dollar - a drop of more than 13 percent
  • Swiss franc - a drop of more than 7 percent
  • British pound - a drop of more than 6 percent
  • Danish krone - a drop of more than 5 percent

These indicators have been affected by a variety of factors. For example, changes in the US legislation affected the whole gaming market of the North American, including the Canadian one. Moreover, in Canada, there is some uncertainty about the legal position relating to the online casino operation. In the UK, for example, taxes were increased and as a result, many establishments left this market. 

Thus, the overall situation in the markets across the globe affects the degree of popularity of a currency and its usage in an online casino. It is impossible to track 100 per cent of the virtual business trends, as the industry is quite inert and is changing rapidly.

The popularity and demand for currencies of different countries can be judged on the basis of percentage of transactions carried out with their help.

Currency

Country

Percentage of population

%, financial transfers

ARS

Argentina

0.6%

<0.1%

AUD

Australia

0.3%

1.6%

BGN

Bulgaria

0.1%

<0.1%

BRL

Brazil

2.9%

<0.1%

BWP

Botswana

0.2%

<0.1%

BYR

Belarus

0.0%

<0.1%

CAD

Canada

0.5%

1.8%

CHF

Liechtenstein, Switzerland

0.1%

1.6%

CLP

Chile

0.3%

0.2%

CNY

China

19.3%

2.8%

COP

Colombia

0.7%

<0.1%

CZK

Czech Republic

0.1%

<0.1%

DKK

Denmark

0.1%

0.4%

EUR

Andorra, Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Portugal, San Marino, Slovakia, Slovenia

5.0%

27.2%

GBP

Falkland Islands, Gibraltar, Isle of Man, United Kingdom

1.1%

8.5%

GEL

Georgia

0.1%

<0.1%

GHS

Ghana

0.4%

<0.1%

HKD

Hong Kong

0.1%

1.4%

HRK

Croatia

0.1%

<0.1%

HUF

Hungary

0.1%

<0.1%

IDR

Indonesia

3.6%

<0.1%

ILS

Israel

0.1%

<0.1%

INR

India

17.9%

<0.1%

ISK

Iceland

0.0%

<0.1%

JPY

Japan

1.8%

2.8%

KRW

South Korea

0.7%

<0.1%

MDL

Moldova

0.0%

<0.1%

MXN

Mexico

1.7%

0.4%

MYR

Malaysia

0.4%

<0.1%

NAD

Namibia

0.0%

<0.1%

NGN

Nigeria

2.6%

<0.1%

NOK

Norway

0.1%

0.7%

NZD

Cook Islands, New Zealand

0.1%

0.4%

PEN

Peru

0.4%

<0.1%

PLN

Poland

0.5%

0.5%

RON

Romania

0.3%

<0.1%

RUB

Russia

2.0%

<0.1%

SEK

Sweden

0.1%

0.8%

SGD

Singapore

0.1%

0.9%

THB

Thailand

1.0%

1.0%

TRY

Turkey

1.1%

0.3%

TWD

Taiwan

0.3%

<0.1%

UAH

Ukraine

0.6%

<0.1%

USD

Ecuador, El Salvador, Micronesia, Palau, Panama, Timor, the USA, Virgin Islands, Zimbabwe

5.1%

44.8%

VEF

Venezuela

0.4%

<0.1%

VND

Vietnam

1.3%

<0.1%

ZAR

Lesotho, Namibia, South Africa Republic, Swaziland

1.0%

0.5%