Stake has no publicly confirmed valuation, but its reported financial scale allows for rough valuation scenarios.
In terms of Stake Casino net worth, always know which number you’re looking at. Stake’s reported gaming revenue, Easygo’s group accounts, and the founders’ personal wealth measure different things.
I will separate those figures, then check how the Stake Casino valuation estimate was calculated.
Key highlights:
- Stake is privately held, with no publicly disclosed, independently verified valuation or confirmed transaction supporting the estimated range
- A rough valuation scenario of $14 billion to $23.5 billion results from applying assumed three-to-five-times multiples to Stake’s reported 2024 gross gaming revenue
- Stake’s reported 2024 gross gaming revenue was about US$4.7 billion, before business costs
- Easygo’s Australian-dollar revenue, profit, and net assets aren’t Stake’s standalone financial results
- Neither estimates of Ed Craven net worth nor the label “self-made billionaire” verifies his personal wealth or Stake’s company value
How much is Stake Casino worth: Illustrative valuation range
Stake has no publicly confirmed valuation. However, applying hypothetical revenue multiples of three to five times its reported 2024 gross gaming revenue of $4.7 billion produces an illustrative range of approximately $14 billion to $23.5 billion.
This is a valuation scenario, not an official company figure.
Why Stake has no official market value
Stake isn’t publicly listed. There’s no public share price you can multiply by outstanding shares to calculate its market capitalization.
No disclosed priced funding round or sale establishes its value in the available public information, either. That’s why we have estimates instead of an observable market price.
Private businesses can still be valued. Buyers and investors examine financial statements, earnings, assets, liabilities, and future growth. But without those details, an outside estimate has clear limits. A large revenue figure alone doesn’t settle what someone would pay for the business.
How the $14 to $23.5 billion estimate is calculated
The calculation works like this: apply a revenue multiple to reported annual revenue.
Using $4.7 billion, a three-times multiple gives $14.1 billion. A five-times multiple gives $23.5 billion. Rounded, that’s the illustrative range used here.
The arithmetic is simple. Choosing the multiple is harder.
Profit margins, licensing exposure, growth, debt, and customer retention can change the result. Being a crypto casino or offering provably fair gaming doesn’t establish the company’s value.
The range doesn’t explain why three or five times revenue is appropriate for Stake.
Treat it as a rough valuation scenario, with neither endpoint established by a public deal or official company statement.
What Stake’s reported revenue tells us, and what it doesn’t
The main figure used to estimate Stake.com revenue is reported 2024 gross gaming revenue of about $4.7 billion. That figure comes from media reporting, not a publicly available audited Stake financial statement.
It’s useful evidence of scale. It isn’t enough to calculate profit or confirm company value.
Gross gaming revenue is not the same as bets or profit
Gross gaming revenue, usually shortened to GGR, is the amount retained after player winnings are paid. Business costs still have to come out.
It’s useful evidence of scale. It isn’t enough to calculate profit or confirm company value.
Those costs can include staff, marketing, payment processing, technology, taxes, and game-provider fees. The amount left after expenses is a different financial measure.
Total wagers are different again. They measure money bet, including funds players may repeatedly wager after winning. Deposits, including cryptocurrency deposits, measure money added to accounts.
Applying a valuation multiple to total wagers instead of gaming revenue would use a much larger, different financial base.
That’s why the definition is just as important as the headline number.
Global reach of Stake Casino
Stake Casino’s value also hinges on its ability to cater to a global audience. However, operating in some regions isn’t without its challenges. For example, its US operations differ due to strict regulations.
Instead of the global Stake.com domain, US users interact with a social gaming version, Stake.us. There are also plenty of Stake.us alternatives in America,
Stake.com is available in many countries, but maintains restrictions in jurisdictions including the United Kingdom and United States.
To explore where in the US Stake.us is fully operational, see the full list of eligible states where Stake is legal.
The crypto-connection
Stake Casino’s ability to integrate cryptocurrency is a core feature that explains much of its appeal.
Cryptocurrency support is one of Stake’s core product features. The platform supports deposits and withdrawals in Bitcoin, Ethereum, and other cryptos, although access to Stake.com still depends on local laws and Stake’s geographic restrictions.
Who owns Stake Casino?
Stake’s founders are a big part of its success. Ed Craven and Bijan Tehrani launched the platform in 2017, and their combined visions have turned Stake into the crypto-casino behemoth it is today.
Stake.com’s current terms state that the site is owned and operated by Medium Rare N.V.
However, the ultimate beneficial ownership picture became less clear in September 2026. Leaked Curaçao Gaming Authority documents reported by the Guardian listed Stake CEO Mladen Vučković as the owner of Medium Rare N.V. in its licensing application.
The regulator reportedly questioned the disclosure after finding millions of dollars in payments to companies tied to Craven and Tehrani, neither of whom appeared on the application.
For more background on the founders and corporate structure, see who owns Stake Casino.
Ed Craven, in particular, is a significant figure in the tech-and-gambling space. Forbes estimated both Craven and Bijan Tehrani at about $2.2 billion each as of September 11, 2026. Those figures are estimates and can change over time.
There’s also a difference between a brand, an operating company, and its ultimate owners.
Medium Rare N.V. is identified by Stake’s own terms as the owner and operator of Stake.com. That establishes the site’s legal operating company, but the September 2026 licensing disclosures leave questions about the ultimate beneficial and economic ownership of the wider business.
For valuation purposes, this is important. A buyer needs to know which legal entities, contracts, intellectual property, assets, and liabilities are included.
Why Easygo’s financial accounts are not Stake’s valuation
Easygo Entertainment is part of the founders’ broader business associated with Stake and Kick. The group’s accounts provide financial information, but they don’t disclose Stake’s standalone value.
The distinction starts with the reporting entity. Figures for Easygo Group Holdings belong to that group, not automatically to Stake.com.
What Easygo’s reported accounts show
According to reporting on Easygo’s accounts, figures for a year ended June 30 included the following amounts.
| Financial measure | Reported amount |
| Revenue | A$970 million |
| Net profit | A$257 million |
| Net assets | A$5.07 billion |
These are Australian-dollar figures for Easygo. They shouldn’t be placed beside Stake’s reported US-dollar GGR as though they describe the same business.
Revenue measures income. Net profit measures the result after expenses. Net assets measure recorded assets minus liabilities.
The reporting also says a major December 2024 transaction involving assets and liabilities substantially affected the net-assets figure.
Why group assets cannot be assigned to Stake alone
Group accounts may include several businesses, investments, and balances between related companies. They don’t necessarily show how each asset or debt is allocated to Stake.
That’s why A$5.07 billion in group net assets can’t be assigned to the casino alone. Book values are also different from prices a buyer might pay.
A standalone valuation would need a clear breakdown of Stake’s operations and obligations. Easygo’s reported profit can’t be substituted for Stake’s profit, either.
The practical rule is simple: match every financial number to the entity and period it describes before comparing it with another figure.
Stake Casino’s worth compared to other top casinos
Comparing Stake with listed gambling groups can help provide some context.
Flutter Entertainment and Entain are useful reference points because both operate major gambling brands.
Flutter’s portfolio includes FanDuel, Paddy Power, and Betfair. Entain’s brands include Ladbrokes, Coral, and bwin.
The available valuation evidence differs.
| Business | Ownership status | Available valuation evidence |
| Stake | Privately held | Revenue-based estimates, without a confirmed public valuation |
| Flutter Entertainment | Publicly listed | Share price, market capitalization, and published financial reports |
| Entain | Publicly listed | Share price, market capitalization, and published financial reports |
Listed companies provide more observable financial and market information. That doesn’t make their share prices permanent or their businesses directly comparable to Stake.
Market capitalization measures the value of shareholders’ equity. Enterprise value also accounts for debt and cash. A private-company estimate needs to identify which measure it’s using.
The businesses differ, too. Product mix, geographic exposure, licensing requirements, and operating costs can all affect the multiple investors accept. Stake Originals, for example, reflect a product mix that may differ from other operators.
The U.S. Stake sweepstakes casino offering, Stake.us, follows a sweepstakes casino model and is distinct from Stake.com. It shouldn’t be treated as a direct proxy for Stake.com’s value.
Historical brand activity can give some clues, but it doesn’t set a valuation. Stake:
- Announced Drake brand ambassador in 2022
- Served as Everton FC’s front-of-shirt sponsor from 2022-23 through 2025-26
- Used Stake F1 Team branding in 2024-25
Partnerships and product features don’t independently establish company worth. Investors may also review legal risks, including lawsuits and regulatory actions involving Stake.us and related entities.
Simply put, similar revenue doesn’t guarantee similar value. A business with higher margins or lower financial risk may receive a different price.
The nottom line: Stake’s estimated worth needs clear limits
Stake has no confirmed public valuation. Based on the limited public information available, an illustrative educated calculation places Stake at approximately $14.1 billion to $23.5 billion when assumed three-to-five-times multiples are applied to its reported 2024 GGR.
Keep that estimate separate from Easygo Entertainment’s group accounts, total player wagers, and Ed Craven and Bijan Tehrani’s net worth. They all have a different financial measure or ownership scope.
A verified value would require a disclosed transaction or reliable company-level financial information. Until then, the best we can do is a rough range based on an approximate calculation.
Frequently asked questions
How much revenue does Stake Casino make?
Media reporting put Stake’s 2024 gross gaming revenue at about $4.7 billion. I couldn’t verify a reliable standalone 2025 GGR figure from public sources. The 2024 figure isn’t profit, and it doesn’t amount to a published audited Stake financial statement.
Does Stake’s owner have a net worth equal to the company’s value?
Ed Craven net worth estimates measure personal wealth, including business interests, property, investments, and debts. The label “self-made billionaire” doesn’t verify his precise wealth or Stake’s valuation.
Company value is different, and recent licensing disclosures add uncertainty around the precise beneficial ownership of Medium Rare N.V. and its relationship with Craven, Tehrani, and the wider Stake business.
Is Stake Casino publicly traded?
No. Stake is privately held and doesn’t have a public stock price that directly shows its market value. You can’t buy shares through a public Stake listing. Shares in another gambling company give you ownership in that company, not in Stake.
Source:: Stake Casino’s Net Worth Revealed: How Big Is the Crypto Casino Giant?