It does not offer publishers with Google AdSense account due to new strict rules and regulations of it.
Often most of the AdSense applications get rejected. Mine too got rejected several times for my old blog and even now it is not accepted.
There may be many causes for its disapproval like people do not have about page on their blog (not even on ours), there is age restriction to apply for AdSense, the design of your blog should be attractive, there should be no paid traffic and most importantly content should be original.
But once it get accepted, publisher can start their earnings when the visitors click on ads provided and they could earn from few cents to couple of hundreds of dollars. Some sites earn a lot from AdSense which are like mashable ($600,000 approx), digital point ($500,000 approx), plenty of fish ($300,000 approx), techcrunch, digg and many others.
Sources: Wikipedia, Google images
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