CPA Networks
Ad Networks
Affiliate Programs
Offer base
Bangladesh has 175 million people, cricket as a national obsession — and not a single licensed online casino. No regulator publishes GGR here and no operator files local accounts, so most rankings of this market are sorted by bonus size rather than by anything a player actually did.
To rank it by demand instead, we worked with Blask, the AI-driven iGaming analytics platform. Blask shared an exclusive export with AffRoom — the top 10 brands in Bangladesh, month by month, January to June 2026 — published nowhere else. Every table below comes from that dataset; public sources are used only to explain why the numbers moved. And they moved: January’s market leader finished the half-year third, new-player supply across the top 10 halved, and on 1 July 2026 a new law made promoting gambling, affiliate marketing included, a criminal offence.
This guide is prepared by AffRoom, a gambling and affiliate hub for professionals building, scaling and monetizing iGaming brands.
How to Read Blask’s Numbers
Blask does not use operator-reported financials. It models demand and calibrates against regulatory data where it exists. Three metrics carry this article.
| Metric | What it measures | How to use it |
|---|---|---|
| BAP (Brand’s Accumulated Power) | A brand’s share of total market interest — a share-of-search equivalent built for a mirror-heavy, multilingual GEO | Who owns attention in the casino BD market right now |
| APS (Acquisition Power Score) | The volume of new depositors a brand should be converting at its current market position | Proxy for FTD supply — how much volume an offer can realistically absorb |
| CEB (Competitive Earning Baseline) | The revenue that market position should be generating, in USD | Proxy for the revenue pool sitting behind a RevShare deal |
Two caveats before the tables. APS and CEB are baselines, not audited accounts — Blask publishes them as min/avg/max corridors, and we quote the average throughout. And BAP is a share, so a brand can gain share in a shrinking market while its own numbers fall. That distinction does most of the analytical work below.
Top Online Casino Brands in Bangladesh: June 2026
The most recent full month in the dataset.
| # | Brand | BAP | APS (avg new depositors) | CEB (avg, $/mo) | YoY brand power |
|---|---|---|---|---|---|
| 1 | MCW | 12.39% | 297,632 | $11.07M | +29.6% |
| 2 | Baji | 12.34% | 298,264 | $12.22M | +8.9% |
| 3 | Jaya9 | 9.97% | 247,114 | $10.78M | +19.4% |
| 4 | BABU88 | 9.83% | 237,320 | $8.67M | −20.4% |
| 5 | Crickex | 7.05% | 173,542 | $7.84M | +7.2% |
| 6 | Nagad88 | 5.71% | 139,930 | $4.68M | +37.2% |
| 7 | JeetBuzz | 5.22% | 129,346 | $6.88M | −48.6% |
| 8 | R777 | 4.85% | 118,602 | $3.84M | +102.1% |
| 9 | 1xBet | 4.62% | 112,240 | $3.66M | −32.3% |
| 10 | Krikya | 4.26% | 106,778 | $4.68M | −9.8% |
This is a top online casino Bangladesh ranking built on demand, which is why it looks different from most lists. Nine of the ten are Asia-facing local brands. 1xBet is the only global operator in the top 10, and it entered the ranking in May 2026 by attrition rather than growth — its own brand power is down 32% year on year. If your media plan assumes international brands anchor this GEO, the data disagrees.
R777’s +102% is real but young: Blask began tracking the brand recently, so the base is small. The same applies to Takabet’s triple-digit prints earlier in the period. Treat those as tracking artefacts, not demand explosions — and ask any partner quoting YoY growth in this market what the base period actually was.
How the Leaderboard Moved in H1 2026
BAP share by month, ordered by June position:
| Brand | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|
| MCW | 9.22% | 11.40% | 11.46% | 12.85% | 12.59% | 12.39% |
| Baji | 11.02% | 11.72% | 11.73% | 12.92% | 11.94% | 12.34% |
| Jaya9 | 15.05% | 11.88% | 12.65% | 10.96% | 10.96% | 9.97% |
| BABU88 | 7.72% | 7.53% | 8.42% | 9.00% | 9.93% | 9.83% |
| Crickex | 8.24% | 8.62% | 7.98% | 7.80% | 7.29% | 7.05% |
| Nagad88 | 5.09% | 4.79% | 4.78% | 4.72% | 5.23% | 5.71% |
| JeetBuzz | 6.05% | 5.67% | 5.18% | 5.03% | 5.32% | 5.22% |
| Krikya | 5.53% | 4.93% | 4.92% | 4.55% | 4.42% | 4.26% |
Jaya9 lost the market. It opened January at 15.05%, a third clear of Baji, and finished June third at 9.97% — the sharpest decline in the top 10. Its new-player supply fell 66% over the same window, from roughly 725,000 to 247,000 a month.
MCW and Baji absorbed that share and now sit five basis points apart. MCW is the most resilient brand in the dataset: its revenue baseline fell only 6.9% across six months against a top-10 average of −25%. In a contracting market, that is the closest thing to growth.
BABU88 and Nagad88 are the quiet climbers, gaining share every month from March onward. Nagad88 also posts the strongest non-artefact YoY in the set at +37%.
Three different brands held first place inside six months. That instability is specific to this GEO — in a regulated market like Brazil the top of the table barely moves, because licensing costs and advertising rules freeze the competitive set.
What did not change: the top 10 held between 74.9% and 76.4% of total market interest in every single month. Concentration is flat. The churn is happening inside the leading group, not between the leaders and the long tail — so a brand outside the top 10 is not an emerging opportunity here, it is a rounding error.
The Number Nobody Publishes: Value per Player Rose 51%
Aggregating the top 10 across the period — figures calculated by AffRoom from the Blask export and published here for the first time:
| Month | Top-10 APS (new depositors) | Top-10 CEB ($/mo) | CEB per new depositor |
|---|---|---|---|
| Jan 2026 | 3.72M | $98.2M | $26.4 |
| Feb 2026 | 2.93M | $89.8M | $30.7 |
| Mar 2026 | 3.30M | $92.2M | $28.0 |
| Apr 2026 | 2.72M | $86.9M | $32.0 |
| May 2026 | 2.42M | $82.0M | $33.9 |
| Jun 2026 | 1.86M | $74.3M | $39.9 |
Across six months the top 10 generated a combined revenue baseline of roughly $523M, while new-player supply halved (−50%) and the revenue baseline fell by a quarter (−24%).
The gap between those two declines is the finding. The revenue baseline per new depositor climbed 51%, from $26.4 to $39.9, and it rose every single month. Acquisition dried up faster than revenue, which means the value in this market increasingly sits with retained players rather than fresh deposits.
That inverts the usual maths for a Tier-3 GEO:
- FTD supply is now the scarce input, not offers. Fewer new players chasing the same operator budgets pushes CPA pricing up while tightening volume caps and qualification terms.
- RevShare economics improved relative to CPA. A player worth 51% more to the operator is worth more to you on a percentage deal — provided the brand survives the enforcement environment described below.
- Brand choice matters more when volume is thin. In June, revenue baseline per new depositor ranged from $32 (R777, 1xBet) to $53 (JeetBuzz). A low ratio usually means a brand still buying volume, which translates into better CPA terms. A high ratio means a mature, sticky base that suits RevShare.
If you are re-weighting your deals on the back of this, start with our breakdown of CPA vs RevShare commission types and the current RevShare casino affiliate programs.
Why the Market Contracted
Three forces, in order of weight.
1. Enforcement, escalating all year. Bangladesh adopted a zero-tolerance policy on gambling advertising in October 2025, the CID ran a nationwide crackdown, and the High Court ordered BTRC to block betting ads while instructing Bangladesh Bank to close the MFS payment channels serving betting sites. None of that removed demand, but it degraded every acquisition channel simultaneously — which is precisely what a 50% fall in FTD supply against a 24% fall in revenue looks like.
2. No cricket World Cup lift. Bangladesh withdrew from the ICC Men’s T20 World Cup (7 February – 8 March 2026) after a dispute over playing in India and was replaced by Scotland — the first men’s T20 World Cup the country has missed. In a GEO where cricket sets the betting calendar, losing the national team from a home-region tournament removed the single biggest seasonal spike. March’s brief recovery followed by the April–June slide fits that shape exactly.
3. Ramadan and Eid did not deliver. February–March covered Ramadan, and April brought Eid-ul-Fitr and Pohela Boishakh. In previous years those holidays lifted leisure spend and gambling activity; in 2026 the lift is simply absent from the data, which reinforces the first two explanations rather than competing with them.
Is Online Casino Gambling Legal in Bangladesh?
No — and since 1 July 2026 the position is considerably harder than it was.
The Gambling Prevention Act, 2026 replaced the colonial-era Public Gambling Act, 1867 and came into force on 1 July 2026 (BSS News). It introduces legal definitions for online gambling, sports betting, virtual casinos, VPN-enabled gambling and crypto-funded wagering, and sets tiered penalties.
| Offence | Maximum penalty |
|---|---|
| Operating an online gambling or betting platform | 7 years + Tk 5 crore |
| Taking part in online gambling | 5 years or Tk 1 crore |
| Organised gambling or laundering via fake SIMs, MFS accounts, crypto | 10 years + Tk 5 crore |
| Promotion: advertising, sponsorship, affiliate marketing, referral campaigns | 3 years and/or Tk 50 lakh |
| Match-fixing / spot-fixing | 7 years / 5 years |
Read the fourth row twice. Affiliate marketing and referral campaigns are named in the statute, and influencers, media outlets, digital platforms, artists and athletes are all in scope. Enforcement is distributed across roughly nine agencies — the Ministry of Home Affairs, BTRC, Bangladesh Bank, BFIU, CID and the National Cyber Security Agency among them — and gambling proceeds are now a predicate offence under the Money Laundering Prevention Act, 2012.
No operator in the online casino Bangladesh market holds a local license, because there is no licensing regime to hold one under. They run offshore permissions, typically a Curaçao licence, which carries a very different risk profile from a regulated GEO.
Practically: the demand data is strong and the legal exposure is personal. Many affiliates will conclude the ratio no longer works, and that is a defensible reading of the same numbers.
Payment Methods and Product Mix
Payments. Deposits run almost entirely through mobile financial services — bKash, Nagad, Rocket and Upay — usually via agent-assisted flows, with USDT serving as the offshore rail. Those MFS channels are exactly what the High Court ordered Bangladesh Bank to cut off, and the 2026 Act adds powers to freeze MFS accounts, digital wallets and crypto wallets linked to gambling proceeds. Payment friction is now the leading cause of broken funnels in this GEO, and it shows up as reg-to-dep collapse rather than a click-through problem. Verify a brand’s bKash and Nagad flows are live this week, not last quarter.
Products. Cricket betting sets the calendar, but casino carries the monetisation. Crash games convert best on cheap mobile traffic — short sessions, low minimum stake, instant feedback. Slots hold the retained base and generate most of the recurring revenue behind those CEB figures. Live dealer is the smallest segment by volume and the largest by average deposit, skewing towards Dhaka and Chattogram. The brand names show where attention starts: Crickex, Krikya and Jaya9 are cricket-first products that cross-sell casino to an audience acquired on sport.
What This Means for Affiliates
- Take the legal question first. Promotion is a named criminal offence with personal liability attached. Get your own legal read before you build a media plan, not after.
- Price FTDs as a scarce asset. New-player supply halved in six months. Terms negotiated in 2025 are stale in both directions: the volume isn’t there, but your leverage on rate is better than it was.
- Back the brands gaining share in a falling market. MCW, Baji, BABU88 and Nagad88 all grew share through H1 2026. Falling share plus falling volume — Jaya9’s half-year, JeetBuzz’s year — is the profile to avoid.
- Check the payment rail before the offer. Nothing else in the funnel matters if deposits fail at the MFS step.
- Don’t buy the YoY headline. Triple-digit growth from R777 and Takabet reflects recent tracking starts, not demand.
- Diversify inside South Asia. Demand patterns here rhyme with neighbouring markets, and India is the closest comparable GEO for traffic planning.
You can compare terms across programmes in the AffRoom casino affiliate programs directory, browse live offers in the gambling offers base, and pre-screen partners through our gambling CPA networks listings. If you are new to the vertical, start with how to make money as a casino affiliate and the highest paying gambling affiliate programs.
FAQ
Which online casino is the most popular in Bangladesh?
By Blask’s June 2026 data, MCW holds the largest share of market interest at 12.39% BAP, with Baji effectively tied at 12.34% and Jaya9 third at 9.97%. The lead changed hands three times in six months: Jaya9 led January to March, Baji led April, MCW led May and June. Any ranking of the top online casino in Bangladesh is a snapshot rather than a fixture.
Is online casino gambling legal in Bangladesh?
No. The Gambling Prevention Act, 2026 took effect on 1 July 2026, replacing the Public Gambling Act, 1867. It criminalises online gambling, betting, virtual casinos, VPN-enabled gambling and crypto-funded wagering, and there is no licensing route for operators. Promotion — including advertising, sponsorship, affiliate marketing and referral campaigns — carries up to three years’ imprisonment and a fine of up to Tk 50 lakh.
Can you play casino games for real money in Bangladesh?
Real-money play happens at scale: the top 10 brands alone showed a revenue baseline of about $74M in June 2026. It is nonetheless unlawful. Participating in online gambling carries up to five years’ imprisonment or a Tk 1 crore fine under the 2026 Act, and every operator serving the market is offshore, so players have no domestic recourse if a withdrawal is refused. Anyone searching for Bangladesh casino online real money options should understand that both sides of the transaction are illegal under current law.
Which payment methods do Bangladeshi casinos accept?
Mobile financial services dominate: bKash, Nagad, Rocket and Upay, typically through agent-assisted flows, with USDT and other crypto used as an offshore alternative. These rails are under active pressure — the High Court directed Bangladesh Bank to cut MFS gateways serving betting sites, and the 2026 Act adds powers to freeze MFS accounts, digital wallets and crypto wallets linked to gambling proceeds.
Which casino brands convert best for affiliates in Bangladesh?
Blask measures demand rather than your funnel, so treat this as a shortlist, not a verdict. The brands gaining share in a shrinking market — MCW, Baji, BABU88 and Nagad88 — carry the strongest momentum. On monetisation, June’s revenue baseline per new depositor ran from about $32 (R777, 1xBet) to $53 (JeetBuzz): the low end usually signals a brand buying volume with better CPA terms, the high end a mature base that suits RevShare. Volume is the binding constraint either way, since top-10 FTD supply halved between January and June 2026.
Conclusion
Bangladesh in H1 2026 is a market with real money still moving through it, a leaderboard that reshuffles quarterly, and a legal framework that now reaches the affiliate personally. The Blask data tells you which brands hold attention, which are losing it, and why every new player is worth half again what they were worth in January. The Gambling Prevention Act decides whether you should act on any of it — and that question belongs to your lawyer, not to a dashboard.
Data: Blask, Bangladesh market, January–June 2026, top 10 brands by BAP. APS and CEB are modelled baselines published as min/avg/max corridors; averages are quoted throughout. Aggregates and per-player figures calculated by AffRoom. Regulatory positions in this market change quickly — verify against primary sources before making a commercial decision.
