Valve's $82 Million Loot Box Bonanza: A Deep Dive into March's Case Openings

  • 11-04-2025 |
  • Chris Nourse

This report highlights the impressive revenue generated by Valve through the sale of in-game cosmetic items in one of their most popular titles. Emerging evidence has cast new light on the considerable profits arising from the opening of numerous cases, which function similarly to loot boxes.

A well-known tracking site provided figures for March 2025, indicating that approximately 34,587,161 cases were opened during that month. This high volume of cases has allowed community members to perform detailed calculations and estimate the financial impact for the developer.

One keen observer on Reddit noted specific figures for several types of cases, including:

  • An estimated 4.7 million openings for the Revolution case
  • Around 4.4 million openings for the Dreams and Nightmares case
  • Nearly 3.7 million openings for the Gallery case

Using the market value of each case, these calculations suggest that Valve generated roughly $82 million from case openings in March alone. This substantial sum underscores the profitability of cosmetic sales as part of the game’s ecosystem.

Given that this title is only one of several highly popular games from Valve, the findings serve as a reminder of the rare occasions when the company releases a new game, each launch being a significant event in its own right.