Twitch streamers are making millions from crypto gambling sites while their audience goes bankrupt

Audio player loading… Some in the audience of Twitch’s biggest stars are falling into bankruptcy after watching their favourite streamers play crypto gambling games in multi-million dollar advertising deals, a report from Bloomberg shows (opens in new tab) . Twitch’s ‘Slots’ section, where its gambling content resides, is its seventh most watched category (opens in new tab) at time of writing. That puts it ahead of multiple games that we generally think of as streaming titans, like Fortnite and Dota 2, and it probably has something to do with the mind-bogglingly lucrative marketing deals that some of Twitch’s most prominent stars—such as xQc, Trainwreckstv, and others—sign with crypto gambling sites to advertise their product to audiences that number in the millions (opens in new tab) . Bloomberg’s reporting details the oceans of cash that flow between streamers and the gambling sites that sponsor them. In one clip, Trainwreckstv declares with a swagger that he makes a lot more than $1 million a month from his deals, while Stake reportedly made $119 million in a single month thanks to their deal with xQc. Meanwhile, fans of these streamers who find themselves lured into gambling by the fun and camaraderie of the… Read full this story

• The 9 most popular Twitch streamers in the world, one of whom makes an estimated $560,000 a month playing video games
• This 40-second video is an adorable reminder that Twitch streamers are actual people with lives and families
• Meet the people making a living live-streaming their niche hobbies, travel adventures, and everyday lives on Twitch
• This 27-year-old makes $500,000 every month playing ‘Fortnite’ in his bedroom — here’s how he does it
• This 26-year-old Fortnite streamer says she paid off her mom’s debt with her Twitch earnings
• YouTube is overhauling its gaming section — and now it looks more like Twitch
• YouTube ‘Rewind’ becomes most disliked video in site’s history
• The Artists Are Present: Museum MACAN Goes All Out Conceptual
• The Complete Guide to Making Money in Your Spare Time
• Korea shifts from crypto speculation to blockchain development

Twitch streamers are making millions from crypto gambling sites while their audience goes bankrupt have 332 words, post on www.pcgamer.com at August 5, 2022. This is cached page on GameMaz. If you want remove this page, please contact us.