Topic: How Big is the online gambling industry today? - page 17. (Read 3306 times)

Quote from: Webetcoins on May 13, 2023, 01:00:20 PM

-snip-

When an online casino doesn't provide services in a country, it might be possible for people from that country to access the casino but they will surely face problems if they are asked for KYC since they will need to provide documents that will let the casino management know that the people are not from an allowed country.

Generally, I believe that cryptocurrency casinos should be accessible worldwide since cryptocurrencies are available everywhere, but mainly because of their licenses and rules, and regulations, they don't accept players from certain regions.

It's true, but if people who live in banned countries continue to access using a VPN, it will actually be at risk because the casino can suspect it to the point where the account will be banned.
Actually, you don't need to worry about KYC problems because there are several casinos that are trusted but are not KYC.
The only way for those who live in a restricted country is to choose a casino that allows access with a VPN and does not have KYC requirements so they can still gamble without having to think about other things that make them uncomfortable.

Yes, and that is a policy that must always be followed, but we can ask their representatives and support about continuing to access using a VPN, whether it is allowed.
A few months ago I asked a representative for one of the casinos here and he even talked to their support and in the end VPN was indeed allowed with certain conditions.

Slow death

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Quote from: wiss19 on May 11, 2023, 04:24:34 AM

Even though in some countries gambling and physical casinos are prohibited, in reality there are still several physical casinos that operate because of the protection of people in power, it's just that most gamblers prefer to gamble in online casinos because they can play from home or they are without have to go to a physical casino.
It's not that easy for countries to prohibit gambling then we can use a VPN because there are also online casinos that prohibit their users from accessing using a VPN.
What is clear from the rapid development of online casinos is caused by the convenience and more efficiency that can be obtained when gambling using online casinos.

When an online casino doesn't provide services in a country, it might be possible for people from that country to access the casino but they will surely face problems if they are asked for KYC since they will need to provide documents that will let the casino management know that the people are not from an allowed country.

Generally, I believe that cryptocurrency casinos should be accessible worldwide since cryptocurrencies are available everywhere, but mainly because of their licenses and rules, and regulations, they don't accept players from certain regions.

these days I saw a new casino and scam that when I tried to access the casino I received a message that I did not have permission to access the casino, something very ridiculous and meaningless since my country is not on the list of restricted countries and in my country it is a friendly country with gambling and casinos, so much so that there are many betting sites operating in my country and it has a physical office in my country, but as I just wanted to see some information to alert people that the casino is a scam, so no I minded not being able to access the casino scam

this online cryptos casino market has grown a lot to the point where there are many cryptos online casinos and today we see some cryptos online casinos that are sponsoring soccer teams, that are sponsoring big soccer leagues, they are sponsoring UFC athletes so it is a market that is growing a lot and that it is quickly gaining a good reputation, of course it must not have been easy to get here because scammers are the biggest retarders of development when they create scam casinos, but even scam casinos are reducing a lot, because people are being more careful in the choice of casinos that they will use

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Quote from: Silberman on May 10, 2023, 01:48:13 PM

Quote from: mindrust on May 06, 2023, 03:05:49 PM

What middle class? There is no middle class left. Not in the US, not in the rest of the world. Actually there are only 2 types of players in gambling. 1) The rich, 2) The poor. There isn't anything between. The big casinos want to attract the rich people and the others are getting the poor. Poor people are also the perfect addicts because they don't have anything to lose other than what they got as a paycheck that month and every new month is a chance to get rich. So they will be playing forever till they die and 99.99% of them die poor.

You are right that the middle class is disappearing at an alarming rate, however they are maintaining the illusion they still exist by getting debt and making expensive travels to places like Las Vegas and putting it on their credit cards, however my point is that even that is about to disappear and when that happens all of those casinos aiming to get those type of clients will simply disappear too as there will not be enough people to sustain them.

I don't understand why a casino would aim to get customers or gamblers from a certain class and why won't they aim to get gamblers from every class. A small casino would also want to have rich gamblers use their platform and getting them would obviously be their first priority since that brings in more profits and more opportunities for them to grow.

So what casinos basically want is people that have money with them, whether they are rich or poor or from the middle class, they don't care. All they need is someone sitting on a table or in front of a pc or having a smartphone, placing bets on one of the games, because that is what keeps their business running.

What you are describing is possible for online casinos to do but it is obvious that we were referring to physical casinos during this conversation, and for them what you are describing is impossible, think of those casinos as you think of restaurants, there are restaurants that cater to the richest and someone with a modest income could never dream to eat there as they would need to use a week or even a larger share of their salary just to eat once there.

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Quote from: Webetcoins on May 13, 2023, 01:00:20 PM

Even though in some countries gambling and physical casinos are prohibited, in reality there are still several physical casinos that operate because of the protection of people in power, it's just that most gamblers prefer to gamble in online casinos because they can play from home or they are without have to go to a physical casino.
It's not that easy for countries to prohibit gambling then we can use a VPN because there are also online casinos that prohibit their users from accessing using a VPN.
What is clear from the rapid development of online casinos is caused by the convenience and more efficiency that can be obtained when gambling using online casinos.

When an online casino doesn't provide services in a country, it might be possible for people from that country to access the casino but they will surely face problems if they are asked for KYC since they will need to provide documents that will let the casino management know that the people are not from an allowed country.

Generally, I believe that cryptocurrency casinos should be accessible worldwide since cryptocurrencies are available everywhere, but mainly because of their licenses and rules, and regulations, they don't accept players from certain regions.

Even with the licenses, rules and regulations, crypto currency casinos should still be accessible to every one in every country because, as of now, no country in particular have come up with a full crypto currency regulation, and until this happens, casino are free to accept crypto deposits and withdrawals from any country.

It is when a country come out with its crypto regulations laws and rules, which is not acceptable to the casino, then they can start declining crypto deposits and withdrawal, infact, stop gamblers from such country from using their casino, most especially, if they wil he depositing and withdrawing in crypto.

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Quote from: spiker777 on May 12, 2023, 12:04:26 PM

Even though in some countries gambling and physical casinos are prohibited, in reality there are still several physical casinos that operate because of the protection of people in power, it's just that most gamblers prefer to gamble in online casinos because they can play from home or they are without have to go to a physical casino.
It's not that easy for countries to prohibit gambling then we can use a VPN because there are also online casinos that prohibit their users from accessing using a VPN.
What is clear from the rapid development of online casinos is caused by the convenience and more efficiency that can be obtained when gambling using online casinos.

When an online casino doesn't provide services in a country, it might be possible for people from that country to access the casino but they will surely face problems if they are asked for KYC since they will need to provide documents that will let the casino management know that the people are not from an allowed country.

Generally, I believe that cryptocurrency casinos should be accessible worldwide since cryptocurrencies are available everywhere, but mainly because of their licenses and rules, and regulations, they don't accept players from certain regions.

danherbias07

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it is not really surprising to see all those data and know how big the Gambling industry is. because of all the craze of gambling going on. offline (real life) gambling was already a huge industry and then the internet made it even bigger because now it is easy for individuals and people with low amounts of money to do gambling. that's the biggest reason why online gambling is so huge.
also endorsements of big influencers and celebraties attracting millions of people into gambling. a lots of their followers start gambling by seeing their favorite personalities promoting them.

Exactly. Another reason is the cheaper way to gamble. Just looking at the bets being made on Stake.com, made me realize how cheap a bet could be as long as the minimum set by a gambling site is way below how it used to be.
$1 is already a small amount but I can see bets in just tens or hundreds of satoshis which when converted is not even a cent of a dollar. That's a good thing for those who just like playing the game and don't really want to end up being broke in the process. The gamblers who make this just a hobby and don't want to spend too much money for the sake of their betting routine.
I actually like that kind of feature of gambling sites now. It gives a chance to those who are just aiming for jackpot bets, high-risk high profits ways, and long parlays.
Easy access, cheap bets, cheap withdrawal fees, and the safety of playing at your own house. I don't think there's more to ask for.

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Quote from: coinerer on May 12, 2023, 11:25:49 AM

Another possible reason is that there are very few physical casinos in the country and there are still many countries where casinos are still illegal. due to the existence of online casinos, gambling is being played even in banned countries, many people are using vpn online and because of this, the online casino industry is growing. again, the casino sites offer live casinos which make them look more realistic, so online casinos are now the most preferred place for all gamblers.

Are very few physical casinos in our area, so there are more than just reasons why online casinos continue to grow and thrive in the industry today. The convenience offered by online casinos makes people think that they don't need a third party to gamble, so gambling can be done anywhere, relying only on smartphones and internet networks, while physical casinos take time for us to come directly there and are also not available in rural areas.

Regarding the banning of gambling sites maybe this can be circumvented by using a VPN, this is not a big problem because technology is very developed. In my opinion, the factors that make online gambling develop are due to the convenience it offers and the technology that is currently highly developed.

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Quote from: Kemarit on May 03, 2023, 06:52:04 AM

Not surprised by the statistics and the numbers, I mean even before the pandemic online gambling industry is booming. But during the Covid-19 lockdowns, every gambler stays at home and obviously they can still continue to do their gambling activity when mobile devices such as cell phones, PC/Laptop and tablets.

This is true, but in some countries you must have felt how the increase in gambling started more aggressively during the pandemic. Even people who have never gambled because they spend a lot of time at home with their cell phones and casino ads are getting out of control. Before the pandemic, search stability on Google for online casinos was more normal. For example, in the country where I live and personally when I visit various places, everyone plays online gambling. Of course I'm trying to ask a simple question: when did you become familiar with online gambling? 75% answered that when the pandemic started due to decreased income they took a riskier choice, namely gambling. Another answer is that they have been gambling conventionally for a long time, but because of the pandemic they have switched from offline gambling to online gambling.

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Quote from: Tumanggor on May 12, 2023, 04:39:17 PM

Quote from: spiker777 on May 12, 2023, 12:04:26 PM

it is not really surprising to see all those data and know how big the Gambling industry is. because of all the craze of gambling going on. offline (real life) gambling was already a huge industry and then the internet made it even bigger because now it is easy for individuals and people with low amounts of money to do gambling. that's the biggest reason why online gambling is so huge.
also endorsements of big influencers and celebraties attracting millions of people into gambling. a lots of their followers start gambling by seeing their favorite personalities promoting them.

agree with what you said, this is the reason why in some countries it is forbidden for influencers to endorse gambling sites but it doesn't work effectively, gambling is a lucrative business, and gambling owners have many ways to make gambling more enjoyable

I never stop saying that gambling education from an early age is something that must be done by governments and non-profit organizations in various countries to avoid negative effects such as gambling addiction in young people

The convenience of the internet gives online gambling the opportunity to develop and attract many people so that casinos can get a lot of profit from the gambling business. And this makes many people want to become influencers because they see the tremendous potential to earn income from videos uploaded to social media.

And actually, to prevent someone from being tempted to play gambling requires self-control from an early age. Children should be told that gambling can ruin their lives so that their children will not try it. The development of the gambling business, especially online gambling, can make children interested in playing gambling because of invitations from their friends.

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The gambling industry was valued at USD 63.53 billion a year ago, now imagine today with the digital age picking pace at a fast face, and not forgetting the corona virus that happened that has forced some people to just avoid these crowded places and try to play from their comfort zones and gamble away...

I guess gambling isn't stopping or reducing any time soon, hope the industry isn't producing addicts at a fast pace such that these casinos nolonger have the self exclusion policies running because the money coming in is good for them Cry

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Quote from: slapper on May 12, 2023, 02:46:03 PM

Quote from: spiker777 on May 12, 2023, 12:04:26 PM

Visiting a physical casino to gamble there is a time-consuming affair. Due to which online casinos are becoming very popular day by day. Because here anyone can gamble at home with just one smartphone. And in this case gambling is possible even behind the scenes. So because of this, online casinos are now occupying a very large market. On the other hand, online casinos have become more convenient for decentralized currencies like Bitcoin, where deposits and withdrawals are very easy and huge amounts of money can be transacted without any banking hassles. And because of this, the online casino market is growing day by day.

Not all places provide physical casinos in several areas and very few find physical casinos in my area, so the presence of online casinos has been truly fast progress in terms of the gambling industry. In the past we only placed bets on the manual lottery sponsored by several agents and most of them could not make payments when customers get a big win, so talking about the comfort is far more different from the online casino that exists today.

Online casinos are much easier and the risk of losing money is much smaller due to deliberately run fraud, unless we enter the site that is not clear and has no good reputation. The convenience provided by Casino Online makes a big encouragement so that this business continues to grow.

Online casinos? Tremendous. Gamble in your PJs. It's like a world-class casino right in your home, with virtual slots and digital poker. But watch out, folks, there are hidden traps.

Sure, it's convenient, but it's a wild, addictive ride. No barriers, easy to lose it all. Time, money – poof, gone. Set limits, gamble smart, or you're on a crazy, endless betting trip.

And hey, pick reputable casinos. Don't get caught in a scam site, stealing your hard-earned cash instead of a fair gamble. Research, check reviews, and keep safe. You'll thank me later.

Yeah, its just that turns out to be a basic stuff considering that we are on an era which it is really that almost digitalized on which there are things which can already be done through online and on the convenience on
accessing out something on the convenience of your own home as long you do have some mobile device or pc and as long it does have internet connection on which it would really be making things that possible.
Due to accessibility then there would be no problems on accessing up things like this, which means that you should really be the ones who would really be needed to be that responsible
in speaking about on dealing up with something. Gambling industry becomes so that big because there are lots of gamblers who do really tend to play and do hang up with these platforms
just to have that entertainment or leisure times.

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it is not really surprising to see all those data and know how big the Gambling industry is. because of all the craze of gambling going on. offline (real life) gambling was already a huge industry and then the internet made it even bigger because now it is easy for individuals and people with low amounts of money to do gambling. that's the biggest reason why online gambling is so huge.
also endorsements of big influencers and celebraties attracting millions of people into gambling. a lots of their followers start gambling by seeing their favorite personalities promoting them.

agree with what you said, this is the reason why in some countries it is forbidden for influencers to endorse gambling sites but it doesn't work effectively, gambling is a lucrative business, and gambling owners have many ways to make gambling more enjoyable

I never stop saying that gambling education from an early age is something that must be done by governments and non-profit organizations in various countries to avoid negative effects such as gambling addiction in young people

slapper

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Quote from: Reid on May 03, 2023, 06:44:23 AM

Visiting a physical casino to gamble there is a time-consuming affair. Due to which online casinos are becoming very popular day by day. Because here anyone can gamble at home with just one smartphone. And in this case gambling is possible even behind the scenes. So because of this, online casinos are now occupying a very large market. On the other hand, online casinos have become more convenient for decentralized currencies like Bitcoin, where deposits and withdrawals are very easy and huge amounts of money can be transacted without any banking hassles. And because of this, the online casino market is growing day by day.

Not all places provide physical casinos in several areas and very few find physical casinos in my area, so the presence of online casinos has been truly fast progress in terms of the gambling industry. In the past we only placed bets on the manual lottery sponsored by several agents and most of them could not make payments when customers get a big win, so talking about the comfort is far more different from the online casino that exists today.

Online casinos are much easier and the risk of losing money is much smaller due to deliberately run fraud, unless we enter the site that is not clear and has no good reputation. The convenience provided by Casino Online makes a big encouragement so that this business continues to grow.

Online casinos? Tremendous. Gamble in your PJs. It's like a world-class casino right in your home, with virtual slots and digital poker. But watch out, folks, there are hidden traps.

Sure, it's convenient, but it's a wild, addictive ride. No barriers, easy to lose it all. Time, money – poof, gone. Set limits, gamble smart, or you're on a crazy, endless betting trip.

And hey, pick reputable casinos. Don't get caught in a scam site, stealing your hard-earned cash instead of a fair gamble. Research, check reviews, and keep safe. You'll thank me later.

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When you summarize it, it all goes down to the "easy access" of the gambling sites in the world.
Cell phones/smart phones - If there is no application available for the gambling site, you can always use the browser of phone instead, if it won't work in mobile view then, you can use other browsers that have the feature of "desktop view". It's actually easy nowadays to create a solution for small problems like this.
Desktop/Laptops - According to ACS (American Community Survey) 89 percent of household today have a desktop or a laptop in their place. Internet connection is not a problem anymore because they are offering cheap prices for 10-25 mbps speed. Gambling sites doesn't need a super speed internet just to access it, most of them are text-based websites so loading a page won't be that long.

The internet has made outreach to people and typically, everyone can now do many things virtually without living their comfort zone and this has effected more people into gambling, there are some people through out their lifetime that has not visited a casino or any gambling house but through the internet, it has been easier from their door step, the internent also has a way of putting peer pressure among people by influencing others, some people gamble because they see their friends post about their winning and this is possible only through the help of the internet.

Quote

Marketing - We can now see celebrities endorsing the gambling sites. Even our heroes in the sport can now be paid to put the name of the gambling site in their shirts or jerseys or if they want more money, they can use their tongue and say the name of the site. Sponsorship. Every time we watch a sports event, any sport, you name it, we see their names being flashed on the screen.

According to the articles shared, sports betting will have the highest market gain in the next few years.
What do you think?

I saw a warning post about Premier League trying to limit the way clubs advertise and accept sponsorship deal from gambling sites and they will limit how people are expose to this, I think if more people continue to gamble, the government and the FIFA will be concern about it, I hope regulation don't screw the revenues they generate with all these limitations, it is possible sport betting to be the highest market gain but I fear what the regulations will do about it later due to level of addiction.

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Quote from: coinerer on May 12, 2023, 11:25:49 AM

Quote from: Reid on May 03, 2023, 06:44:23 AM

Visiting a physical casino to gamble there is a time-consuming affair. Due to which online casinos are becoming very popular day by day. Because here anyone can gamble at home with just one smartphone. And in this case gambling is possible even behind the scenes. So because of this, online casinos are now occupying a very large market. On the other hand, online casinos have become more convenient for decentralized currencies like Bitcoin, where deposits and withdrawals are very easy and huge amounts of money can be transacted without any banking hassles. And because of this, the online casino market is growing day by day.

Not all places provide physical casinos in several areas and very few find physical casinos in my area, so the presence of online casinos has been truly fast progress in terms of the gambling industry. In the past we only placed bets on the manual lottery sponsored by several agents and most of them could not make payments when customers get a big win, so talking about the comfort is far more different from the online casino that exists today.

Online casinos are much easier and the risk of losing money is much smaller due to deliberately run fraud, unless we enter the site that is not clear and has no good reputation. The convenience provided by Casino Online makes a big encouragement so that this business continues to grow.

Another possible reason is that there are very few physical casinos in the country and there are still many countries where casinos are still illegal. due to the existence of online casinos, gambling is being played even in banned countries, many people are using vpn online and because of this, the online casino industry is growing. again, the casino sites offer live casinos which make them look more realistic, so online casinos are now the most preferred place for all gamblers.

Even though in some countries gambling and physical casinos are prohibited, in reality there are still several physical casinos that operate because of the protection of people in power, it's just that most gamblers prefer to gamble in online casinos because they can play from home or they are without have to go to a physical casino.
It's not that easy for countries to prohibit gambling then we can use a VPN because there are also online casinos that prohibit their users from accessing using a VPN.
What is clear from the rapid development of online casinos is caused by the convenience and more efficiency that can be obtained when gambling using online casinos.

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Quote

The global online gambling market size was valued at USD 63.53 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 11.7% from 2023 to 2030. The growing internet penetration and rise in the use of mobile phones among users for playing online games is increasing the demand for online gambling. For instance, in 2022, internet penetration in the U.S. was 92% of the country's total population. Furthermore, cultural and legalization approval, easy access to online gambling, celebrity endorsements, and corporate sponsorships are also helping market growth.

Source

Quote

Based on type, the global online gambling market is segmented into poker, sports betting, casinos, and others. The sports betting segment is expected to gain a substantial market share in the forecast period due to the growth of the sports betting industry driven by the effective use of computers and cell phones to place wagers on sporting events.

Source

When you summarize it, it all goes down to the "easy access" of the gambling sites in the world.
Cell phones/smart phones - If there is no application available for the gambling site, you can always use the browser of phone instead, if it won't work in mobile view then, you can use other browsers that have the feature of "desktop view". It's actually easy nowadays to create a solution for small problems like this.
Desktop/Laptops - According to ACS (American Community Survey) 89 percent of household today have a desktop or a laptop in their place. Internet connection is not a problem anymore because they are offering cheap prices for 10-25 mbps speed. Gambling sites doesn't need a super speed internet just to access it, most of them are text-based websites so loading a page won't be that long.

Marketing - We can now see celebrities endorsing the gambling sites. Even our heroes in the sport can now be paid to put the name of the gambling site in their shirts or jerseys or if they want more money, they can use their tongue and say the name of the site. Sponsorship. Every time we watch a sports event, any sport, you name it, we see their names being flashed on the screen.

According to the articles shared, sports betting will have the highest market gain in the next few years.
What do you think?

it is not really surprising to see all those data and know how big the Gambling industry is. because of all the craze of gambling going on. offline (real life) gambling was already a huge industry and then the internet made it even bigger because now it is easy for individuals and people with low amounts of money to do gambling. that's the biggest reason why online gambling is so huge.
also endorsements of big influencers and celebraties attracting millions of people into gambling. a lots of their followers start gambling by seeing their favorite personalities promoting them.

dezoel

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Quote from: Vaskiy on May 10, 2023, 06:59:44 PM

In the past gambling platforms used to start from the scratch with small investment. This means they've very limited number of games and from there slowly add more games and keep on reinvesting what they've made out of the business. Now things were different as the competence is quite high. This had made casino business owners to be millionaires, only then they were able to stand against the leading platforms. The gambling industry have grown big over time, and the online gambling have given access for all levels of people to experience gambling.

You are right that the cost of creating an online casino is pretty high these days mainly due to development and game providers fees, and also hiring people for management of the platform since it is not something that one can do alone or with only a couple of people, there needs to be developers, customer support agents, server managers, and a lot more.

On top of everything, marketing and promotional costs are touching the sky these days, and without proper marketing, a platform doesn't prosper at all. It is a good marketing strategy that can give a great initial boost to a platform after the launch.

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Visiting a physical casino to gamble there is a time-consuming affair. Due to which online casinos are becoming very popular day by day. Because here anyone can gamble at home with just one smartphone. And in this case gambling is possible even behind the scenes. So because of this, online casinos are now occupying a very large market. On the other hand, online casinos have become more convenient for decentralized currencies like Bitcoin, where deposits and withdrawals are very easy and huge amounts of money can be transacted without any banking hassles. And because of this, the online casino market is growing day by day.

Not all places provide physical casinos in several areas and very few find physical casinos in my area, so the presence of online casinos has been truly fast progress in terms of the gambling industry. In the past we only placed bets on the manual lottery sponsored by several agents and most of them could not make payments when customers get a big win, so talking about the comfort is far more different from the online casino that exists today.

Online casinos are much easier and the risk of losing money is much smaller due to deliberately run fraud, unless we enter the site that is not clear and has no good reputation. The convenience provided by Casino Online makes a big encouragement so that this business continues to grow.

Another possible reason is that there are very few physical casinos in the country and there are still many countries where casinos are still illegal. due to the existence of online casinos, gambling is being played even in banned countries, many people are using vpn online and because of this, the online casino industry is growing. again, the casino sites offer live casinos which make them look more realistic, so online casinos are now the most preferred place for all gamblers.

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