How Did Coin Master Surpass $6 Billion in Revenue?

Moon Active's Coin Master is a globally renowned social casino game that has been popular since its launch in 2016.
As of August 2024, its total revenue has exceeded $6 billion.
The United States is the largest contributor to Coin Master's revenue on both the App Store and Google Play, especially in the App Store market where the U.S. accounts for a significant 42.43% of the revenue. Several European countries, such as Germany, France, and the United Kingdom, follow closely behind.
Brazil, one of the primary source countries for Android users, is also performing strongly on Google Play.
Market Segment of Revenue in Coin Master on Google Play
Simple Game UX & Onboarding
CoinMaster's user experience (UX) design is both vibrant and straightforward, making it easy to navigate. The interface is uncluttered, with visual prompts and pointing fingers guiding users through each step. These elements align with app onboarding best practices aimed at increasing user retention.
Getting started is exceptionally simple. At the game's outset, players receive 50 free spins to earn coins, providing just enough to get them hooked. These initial spins and coins help players start building their village, fostering excitement from the get-go.
CoinMaster clearly understands its long-term objective: to keep players engaged and reach Retention Day 4 and Day 7. These milestones indicate whether a user is likely to become a power user.

Effictive Game Mechanics-Slot Mechanics
The core loop of CoinMaster revolves around a traditional slot machine mechanic. Essentially, Coin Master's profit model revolves around the slot machine feature. Spinning the slot machine generates various symbol combinations, a staple feature of casino games.
Spins are naturally limited. Players receive 5 free spins every hour, a time-based mechanic categorized under energy mechanics. It takes 10 hours for a full refill of 50 spins, allowing players to start their first session of the day with full energy after a good night's sleep.
This mechanic also provides a natural exit point, as there is little to do in the game without acquiring additional spins. Consequently, sessions are naturally short. However, knowing that spins will refill over time encourages players to return.
Essentially, all other game layers are designed to continually bring players back to the slot machine.
Smart Push Notification Strategy
CoinMaster excels in its use of push notifications as a user retention strategy. These notifications are simple, direct, well-planned, and systematically sent. Their primary goal is to prompt users to return to the app with a clear call to action.
Customized push notifications alert players when someone has raided their village or when a friend has attacked. Given the social nature of the game, this strategy leverages human competitiveness—if a friend attacks, players naturally feel compelled to seek revenge.

Successful Monetization Strategy
The game's primary revenue stream is in-app purchases, which are seamlessly integrated throughout the gameplay experience. Let's delve deeper into how this monetization is incorporated.
In-App Purchases Strategy and Setup
To bypass wait times and accelerate progress, players can purchase various items from the in-game store. This store is conveniently accessible from both the menu and a small icon on the home screen.
The store's first category features spins, the essential energy fuel that drives the game. Spins grant access to various game activities, making them highly appealing to players.
Next, the store offers coins, the in-game currency primarily used for building villages. Players choose purchases based on their gameplay preferences. Those focused on village construction may buy coins directly, while those interested in gambling may opt for spins.
Initially, the store setup is straightforward, but it evolves as players progress. The first upgrade introduces chests, which are purchasable using in-game currency and are placed alongside in-app purchases.
Above the first category, a bundle offer featuring coins, spins, and experience points (XP) is available. This offer is time-limited and provides excellent value for money.
As players unlock the pet collection, additional purchasable items such as pet food and XP are added to the store.

Pricing Structure for In-App Purchases
The CoinMaster store features a variety of offers at different price points.
Spins Pricing
The store's most prominent items are spins, available in six price tiers:
- $1.99 for 25 spins
- $11.99 for 200 spins (marked as the most popular)
- $99.99 for 2,800 spins
The most expensive option offers the best value for money.
Coins Pricing
Coins are also available in six different offers:
- $1.99 for 450k coins
- $9.99 for 3M coins (marked as the most popular)
- $99.99 for 55M coins
Players are more inclined to purchase spins, as evidenced by the top-selling in-app purchases in the App Store, which include the Small Spins Pack and the Special Small Spins Pack.
How In-App Purchases Are Strategically Used in Coin Master
CoinMaster's monetization strategy is exceptionally well-crafted, offering in-app purchase opportunities that are both timely and relevant. These opportunities are not only affordable but are also presented precisely when players feel the most need for them, often within a limited time frame to enhance urgency.
Initial Engagement and Purchase Inducement
As soon as a player logs into CoinMaster for the first time, they are greeted with a generous number of extra spins. This initial boon is part of a strategy to warm up new users to make their first purchase—a critical moment in the monetization model of hyper-casual games. The game offers a "first time pack," which is available for only four hours, creating a sense of urgency that encourages immediate purchase. Typically, this initial spend is small, around 1−1−2, but it's crucial as it often leads to further purchases.
Leveraging Game Milestones for Monetization
The game developers skillfully use every new level or feature as an opportunity to prompt players to spend. For instance, when a player is close to completing a village or advancing to the next level, the game presents a prompt highlighting how a small purchase can immediately satisfy their goal. This tactic plays on the player's desire for instant gratification, suggesting items like a $3.99 purchase that can quickly fulfill their immediate game objectives.
This approach not only accelerates the player's progress within the game but also effectively boosts the game's revenue by aligning the spending opportunities with the player's achievements and moments of high engagement. This strategy ensures that the purchases feel relevant and beneficial, increasing the likelihood of transaction acceptance.

💡Read More: Leading Trends in Mobile Game Monetization for 2024
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