Chumba Casino remains the biggest revenue driver for Virtual Gaming Worlds (VGW), according to newly reported financial figures. VGW reported $7.3 billion in revenue for the year ending June 30, 2025, up 19% from the previous year. Profit also rose 33.5% to $656 million, showing that the company was still growing strongly before founder Laurence Escalante moved to take it private.
Chumba’s own revenue was reported at $5.2 billion, up from $4.16 billion the year before. That makes Chumba one of the clearest examples of how large the US sweepstakes casino market has become. For readers who want more background on the brand itself, our full Chumba Casino review covers how the site works from a player perspective.
Chumba Casino Drives Most of VGW’s Growth
VGW operates several sweepstakes-style gaming brands, including Chumba Casino, LuckyLand Slots, Global Poker, United Slots, and newer products such as Monopoly Match. But Chumba appears to be the main engine behind the group’s financial results.
The reported $5.2 billion in Chumba revenue means the brand accounted for most of VGW’s total revenue in FY2025. That is especially notable because Chumba operates under the sweepstakes model, rather than as a traditional real-money online casino.
The model lets players use virtual currencies instead of direct cash wagers. One currency is generally used for social play, while another can be tied to prize redemptions under the site’s rules. We explain this structure in more detail in our guide to the sweepstakes casino model.
VGW’s cash position also improved. Reports say the company’s cash reserves rose to nearly $1 billion, compared with $548.5 million a year earlier. Those numbers show that VGW was not only generating higher sales, but also holding more cash before its ownership changes.
Why the Going-Private Deal Matters
The revenue figures come as VGW moves away from public reporting. Escalante, who already controlled most of the company, has been working to buy out minority shareholders and take full control. The deal has been valued at around $3.2 billion.
That matters because VGW has been one of the few major sweepstakes casino companies with publicly reported financial information. Once the company is fully private, there may be less detail available about Chumba’s revenue, profit, growth, and state-by-state challenges.
Some shareholders reportedly argued the buyout undervalued the company, especially given its large revenue and profit figures. But the deal also came during a period of rising legal pressure in the US, which may have made a public listing or long-term public reporting less attractive.
VGW’s growth shows why sweepstakes casinos have become such a major topic in US gaming. The sector is no longer a small side market. Major brands are generating billions in revenue, and that level of scale is drawing more attention from lawmakers, regulators, and licensed gambling operators.
Big Revenue Meets Bigger Regulatory Pressure
Chumba’s numbers show the strength of the business, but they also come at a difficult time for the wider sweepstakes industry. Several states have passed bans, advanced legislation, or sent cease-and-desist letters to operators. For players comparing legal options, our list of sweepstakes casinos shows how state availability can vary by brand.
VGW has already faced pressure in certain states, and the wider industry is under more scrutiny in 2026. Critics argue that dual-currency platforms can look too much like online gambling while avoiding the same licensing and tax rules as regulated casinos. Supporters argue the model is based on sweepstakes law and includes free-play routes.
That tension is now central to the Chumba story. On one side, the brand’s reported revenue shows a large and active player base. On the other, legal uncertainty could affect where Chumba and other VGW brands can operate in the future.
For now, the headline is clear: Chumba Casino remains a major force in the sweepstakes casino market. But as VGW moves private and more states review the model, the next phase may be harder to track—and harder for operators to navigate.
