Do you have an idea in percentage how big gambling industry's contribution? - page 3.

TimeTeller

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Quote from: kawetsriyanto on February 29, 2020, 05:23:18 PM

Quote from: Mumbeeptind1963 on February 28, 2020, 09:54:55 AM

~~I thing the contribution of gambling industry is about 60%~~

How do you know it is about 60%? Do you have a certain way to count it? Personally, I don't know how many percentages. We need to take research or a little survey to know the valid number of percentages.

Quote from: Mumbeeptind1963 on February 28, 2020, 09:54:55 AM

~~my experience it seem many gambler right now is interested and increase even more day by day.~~

I'm not really sure that we have more gamblers currently. But it is clear that we have more gambling sites day after day. We can see it from the raising of gambling promotion in this forum. Anyway, I think we need a chart or special data related to gambling, so people will be easy to know the statistics.

For crypto gambling, I think it is hard to evaluate how much is the real figure as there are a lot of them that don't have license.
And also, are they really disclosing their actual earnings. It is easy not to give the real numbers if you are in online gambling.
Offline casinos have problem with that already, how much more in online gambling?
So I think no one can really determine the exact percentages here, but definitely online gambling is growing everyday.

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Quote from: Mumbeeptind1963 on February 28, 2020, 09:54:55 AM

~~I thing the contribution of gambling industry is about 60%~~

How do you know it is about 60%? Do you have a certain way to count it? Personally, I don't know how many percentages. We need to take research or a little survey to know the valid number of percentages.

Quote from: Mumbeeptind1963 on February 28, 2020, 09:54:55 AM

~~my experience it seem many gambler right now is interested and increase even more day by day.~~

I'm not really sure that we have more gamblers currently. But it is clear that we have more gambling sites day after day. We can see it from the raising of gambling promotion in this forum. Anyway, I think we need a chart or special data related to gambling, so people will be easy to know the statistics.

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Quote from: Oceat on February 29, 2020, 03:24:09 PM

Gambling industry around the world may be bigger than any other businesses that we know already plus you include the cryptocurrency based gambling—it's a multi-billion-dollar industry. I think having like a gambling casinos in your country will help to boost their economy as long as there are tourist visitors in your country.

Its indeed a big industry and we already saw it on traditional fiat gambling sites which do indeed help the economy of a certain country which do regulate or allow it
but there are places which do prohibits gambling but most or majority of them do allow it yet they do know the benefits on allowing these businesses when it comes to
taxation where we know that it do plays a big role on countries development and we know on how big do these companies or business do have shared on.Its a big
one and there are lots of gamblers throughout the globe.

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Gambling industry around the world may be bigger than any other businesses that we know already plus you include the cryptocurrency based gambling—it's a multi-billion-dollar industry. I think having like a gambling casinos in your country will help to boost their economy as long as there are tourist visitors in your country.

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Quote from: robelneo on February 29, 2020, 12:57:18 PM

Quote from: Questat on February 28, 2020, 08:57:01 AM

[snip]

It's a multi-billion dollar industry, probably the highest you just have to look on the president of the United States and how much he's worth, and his wealth is just a tip on the iceberg on the so many billionaires around the world, here in our country our government-run our casinos and they contributed a lot to our coffer and we are only talking about gambling casinos.

Well, that is countless if you will generalize all or the entire market. The fiat and the crypto usage of gambling were kept increasing until now.
It is really sure that this gambling sector was helping and contribute to the market to grow. In online gambling, this will boost the Bitcoin price and there are hundreds or thousands gamblers every day keep using Bitcoin. Indeed, the percentage that I estimating is about 30%.
As a matter of fact, online gamblings are more productive in generating profit than the offline casino.

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Quote from: Questat on February 28, 2020, 08:57:01 AM

As what the thread title says, I like to know based on your opinion how big the contribution of the gambling industry to the entire market.
I have been a gambler for awhile now and I believe that with the contribution of our industry, it will only make the market stronger in the long run, and it's one of the reason why adoption is happening at a very good rate IMO.

It's a multi-billion dollar industry, probably the highest you just have to look on the president of the United States and how much he's worth, and his wealth is just a tip on the iceberg on the so many billionaires around the world, here in our country our government-run our casinos and they contributed a lot to our coffer and we are only talking about gambling casinos.

DoublerHunter

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Those comments above asking what market did you mean that contributed to the gambling industry. Let us assume that you are talking about the crypto market. And that was definitely right, online gambling industry has a good impact on the crypto market price because it will generate Bitcoin transactions and other cryptocurrencies accepted. Nevertheless, the reason why there are too many gambling platforms keeps coming because they know that online gambling business is really good to generate profit.

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Gambling industry contributes a lot to the cryptocurrency market. Gambling Casinos were one of the pioneers that adopt cryptocurrency in their system. Pretty much we can say that it is one of the foundations of the cryptocurrency industry ever since.

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Quote from: Questat on February 28, 2020, 08:57:01 AM

As what the thread title says, I like to know based on your opinion how big the contribution of the gambling industry to the entire market.
I have been a gambler for awhile now and I believe that with the contribution of our industry, it will only make the market stronger in the long run, and it's one of the reason why adoption is happening at a very good rate IMO.

I don't have any idea on how big a gambling industry can contribute on the market but maybe I can say an approximate value on how many percent the gambling industry is contributing on the market and I think it is around 50%-60% in which there are so many people who is gambling everywhere and I think it is the main reason why it should be around on that high percentage because of the number of gamblers that are also contributing a lot of money and experience to the market and I can say that it is also a way of adoption because those gamblers are eventually will be able to adopt cryptocurrency as well.

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Cryptoccurencies is a great fit for gambling. But we have to think about which one is mutually beneficial to the other. You know that gambling and betting are not legal in some countries. Therefore, in these countries, people are directing to this market. But contributing is something different. To make a contribution, it is necessary not only to use it, but also to make it available to others. To contribute, it is necessary to work a little, to benefit.
Just think, what if everyone in the world tweeted just by writing #Bitcoin someday?

bitcoin31

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If you are talking about the crypto market gambling is really helpful to increase the value of the coins because online gambling sites are accepting different coins such as bitcoin , ethereum and many more and the player buy those coins to play to the gambling sites that are accepting crypto coins. I believ it is very helpful gambling sites to grow our market .

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Quote from: Wexnident on February 29, 2020, 06:31:13 AM

uhm contribution? I'm pretty sure gambling just takes advantage of the medium or existence of BTC/cryptocurrency as a way to invite more gamblers to play in their sites and the likes. Still, it isn't like the adoption of crypto to gambling had 0 effect on the market. It'd be more like a mutual cooperation between the two, where usage of Crypto widens the accepted users of the gambling industry, and the existence of crypto itself is spread through the various casinos/gambling sites made for them.

Still, if we were to compare it to contribution made to the attention BTC has, it would be less than 30%, maybe even lower. Vast majority of the attention BTC has was obtained through the market boom of 2017, as well as its usage of a decentralized system. The concept of it being used in gambling is nothing more but an additional feature imo.

I think the percent of gambling contribution is about 50% maybe because it has crypto involve. But if no crypto involve then its percentage is less than 30% because most of player want to win big, also they will choose to gamble in actual than gambling online if no crypto include. Also I think gambling has a big contribution to all gambler with or without involving of crypto but because of some counter not allow to gamble and illegal im some country it is still can have operation in privately.

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If i get it right what you meant, I think maybe 20% .. that's just a rough estimate and I could be wrong.
The thing is, we don't have an information and I had never read any article estimating how big gambling industry's contribution to the whole big crypto market.

The manipulators might do their thing making price looks very good or bad but I am pretty sure gamblers would not care that much.
they need crypto to gamble, that's it and they'll cash out when they need it to.

Wexnident

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uhm contribution? I'm pretty sure gambling just takes advantage of the medium or existence of BTC/cryptocurrency as a way to invite more gamblers to play in their sites and the likes. Still, it isn't like the adoption of crypto to gambling had 0 effect on the market. It'd be more like a mutual cooperation between the two, where usage of Crypto widens the accepted users of the gambling industry, and the existence of crypto itself is spread through the various casinos/gambling sites made for them.

Still, if we were to compare it to contribution made to the attention BTC has, it would be less than 30%, maybe even lower. Vast majority of the attention BTC has was obtained through the market boom of 2017, as well as its usage of a decentralized system. The concept of it being used in gambling is nothing more but an additional feature imo.

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Quote from: Questat on February 28, 2020, 08:57:01 AM

As what the thread title says, I like to know based on your opinion how big the contribution of the gambling industry to the entire market.
I have been a gambler for awhile now and I believe that with the contribution of our industry, it will only make the market stronger in the long run, and it's one of the reason why adoption is happening at a very good rate IMO.

Gambling industry contribution to which market or economy ? Your question is a bit confusing. I do not think gambling contribute to the growth of the economy but most of the gambling casino are not registered and in places where gambling is prohibited, you will never pay taxes on the gambling returns. However, crypto has played a major role in making gambling business popular.

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Quote from: Twinkledoe on February 29, 2020, 05:59:06 AM

Quote from: batang_bitcoin on February 29, 2020, 03:48:22 AM

I don't know what's the percentage or how much it rakes and it contributes to the entire crypto market. But what I'm sure of is that it's one of the biggest contributions that the market has ever had. A lot of whale gamblers are into cryptocurrency because they can't be tracked and they can easily gamble offshore without even detecting by their government. I think if someone dedicates his time looking for some valid source, we'll check it out.

That is actually the major advantage of using crypto in the gambling industry. Most of the online casinos are not requiring KYC so many gamblers are now going into online crypto casinos. But honestly, I don't have idea what percentage are we contributing right now. For crypto gambling, I think it is hard to determine if online casinos are not giving their figures.

But will give a link about global gambling statistics -

https://www.casino.org/gambling-statistics/

They will only require you to pass KYC if you have been found a red flag with your account violating their terms of agreement.
Base on that stats, Macau made $38-B in 2018. This is a country that has a big portion of profit coming from gambling so we have an idea that's being applied for only one country, how much more for the crypto gambling community as a whole?

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Quote from: batang_bitcoin on February 29, 2020, 03:48:22 AM

I don't know what's the percentage or how much it rakes and it contributes to the entire crypto market. But what I'm sure of is that it's one of the biggest contributions that the market has ever had. A lot of whale gamblers are into cryptocurrency because they can't be tracked and they can easily gamble offshore without even detecting by their government. I think if someone dedicates his time looking for some valid source, we'll check it out.

That is actually the major advantage of using crypto in the gambling industry. Most of the online casinos are not requiring KYC so many gamblers are now going into online crypto casinos. But honestly, I don't have idea what percentage are we contributing right now. For crypto gambling, I think it is hard to determine if online casinos are not giving their figures.

But will give a link about global gambling statistics -

https://www.casino.org/gambling-statistics/

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After the adult industry, the crypto gambling platform is used for hiding the identity and using the offered services freely. The intention should be clear for everyone and the total contribution percentage increase every day for this reason. Even the traditional gambling sites offer a crypto payment oslutions for the gambling banned couintires and I have faced with the issues for the mentioned reason.

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I think gambling is the strongest industry behind crypto right now followed by the red lights industry.I think many of the people watching premium porn or gambling don’t like their family to find out in credit cards statement for example and that’s why they will choose crypto for such transactions.This is known to the market but to make that extra step in crypto we need a few industries to join these too.

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Quote from: Questat on February 28, 2020, 08:57:01 AM

As what the thread title says, I like to know based on your opinion how big the contribution of the gambling industry to the entire market.
I have been a gambler for awhile now and I believe that with the contribution of our industry, it will only make the market stronger in the long run, and it's one of the reason why adoption is happening at a very good rate IMO.

Like tbterryboy, I am not sure I understand which market you mean. It could be about the percentage of people who use cryptos primarily for gambling, or the profits on the gambling industry in the world compared with some world economy figures... And is contribution about profits, prices, users or something else? I've found some data on gambling (including online gambling, although it's obviously not necessarily and probably mainly not crypto gambling) on this website but perhaps you meant something very different. Then I've seen articles on how cryptos have changed gambling, but, interestingly, not vice versa... I do believe, however, that crypto gambling is one of the main use cases of cryptocurrencies nowadays.

Topic: Do you have an idea in percentage how big gambling industry's contribution? - page 3. (Read 751 times)