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Topic: How Big is the online gambling industry today? - page 18. (Read 2976 times)

legendary
Activity: 1946
Merit: 1157
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There are other gambling platform that has features that they will prevent addictions like you need to activate not sure what is the exact name of it but i think it was "responsible gambling" which if when you enable it there are algorithm that will stop your best or basically forced you to stop on that day, i know there are loop holes on it but still it is a good initiative from the platforms to try to hinder the addictions of a gambler, but if you are really addicted to it you will really find ways to counter it.

A good feature for the gambler is not to become an addict. But is this feature applied to several popular gambling platforms? Gambling platforms want a lot of profit from everyone, if they use the anti-addiction feature, they will earn a little.
But despite all that, each gambling platform has its own rules and there will be a warning that gambling will carry high risks.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Gambling also needs to do financial management. without doing management as you said, some gamblers will become greedy when they don't get the main win and use all their money for gambling bets. this will even harm themselves and make them even more addicted to continue gambling and want big wins.

Few of the beginners can be responsible with their gambling. just want instant wins and Jackpots that will never be obtained.
Even when they get a big win, they become more greedy and still want another big win. Humans will never feel enough even though they have won a big victory and this is where we must learn to control ourselves so that we know that what we have is enough so that we don't chase other wins. Maybe we can get it another time and not rush to try. And that is why we have to be responsible when playing gambling so that bad things don't happen like losing a lot of money.

It's more on how a gambler will set his limitation and the budget that he will allocate to these activities.

There are gamblers who are willing to go all in as they are hoping that with big luck, they will manage to exit the house with
house amount of profits.

What happens next is the eagerness to fulfill that desire, instead of having some enjoyment while entertaining yourself
with the game you are playing, your mindsets are start developing strategy that sooner or later will lead you into addictions
as you always wanted to execute and see if the results will be in your favor.
If gamblers go in with all their money hoping for a big win and think their luck will strike at that moment, they should not hope too much because no one knows when their luck will strike. They can only play while having fun and when luck comes, they can really get big wins. But if they don't, they will only lose their money and it will be difficult to recover. Sooner or later, they will lose, which means they have to limit the number of losses so they don't get big.
hero member
Activity: 2940
Merit: 627
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~~~
I beg to differ about Japan, it's not really banned there. As you can see, there are many Japanese that like to gamble. Just like this video, it shows a life of a Japanese casino worker so that means, that Japan isn't really banning gambling there. There could be some conditions but it's not actually stopped nor banned there.
(https://www.youtube.com/watch?v=3ouVqSaAkLY)
These articles should need to be updated and give more accurate details of what are the countries that do really prohibit gambling. But I've got an idea and most of them are Muslim countries.
Yes, this is why i did mention if this list does include out online or offline betting because some of those countries arent really that totally banning out gambling which its true that the
list or article should be at least updated because it is really that somewhat misleading if you wont really be making some indept research. Just like on what you had mentioned about
those countries are mostly muslim countries then we do know that gambling is really that prohibited.

According to the Quran, Muslims are forbidden to gamble. However, there are casinos in countries where Islam is the predominant religion, and there are numerous other countries throughout the world with casinos that focus their marketing strategies on attracting gamers from Muslim-majority countries.
Source
That's why those Muslim countries are very strict about gambling because it's against their law and they're also known as good followers. They're a perfect example being set if there's a country that's banning any type of gambling, online or offline.
I think what's interesting in Japan is that we don't know that there are also many gamblers in their country knowing that they're respectable and have a culture of being hard working. It's just like a pastime for most of them but I guess that there goes some of them that are also experiencing addiction.
hero member
Activity: 1316
Merit: 593
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.
legendary
Activity: 2982
Merit: 1028
A person who takes gambling seriously will develop some type of addiction and from there will begin to plan how to make a certain amount of money from gambling, so it's important not to take gambling seriously.

It's crazy to me that I've never seen a gambling platform warn players about gambling responsibly. It's not good for business, I guess.   

I think gambling platforms have warned players to be able to gamble responsibly but many gamblers cannot do this and instead become greedy just to chase previous wins. This makes them addicted to gambling in the future because they don't make clear boundaries in gambling. We have seen many people who eventually get addicted to gambling, losing a lot of money and everything.

But if we can be responsible with gambling, we won't become addicted to gambling and won't lose much money either. We must realize that gambling is part of entertainment and nothing more.

It's more on how a gambler will set his limitation and the budget that he will allocate to these activities.

There are gamblers who are willing to go all in as they are hoping that with big luck, they will manage to exit the house with
house amount of profits.

What happens next is the eagerness to fulfill that desire, instead of having some enjoyment while entertaining yourself
with the game you are playing, your mindsets are start developing strategy that sooner or later will lead you into addictions
as you always wanted to execute and see if the results will be in your favor.
full member
Activity: 798
Merit: 211
We're talking Monopoly bucks here, folks. Winning at the casino feels like a triumph, but it's just numbers on screens. Crypto has its edge: top-notch security, hush-hush privacy, decentralized power. Plus, boasting bets in Bitcoin or Ethereum? Undeniably rad.

Yet fiat's got the charm. Stability, universal acceptance, a tried-and-true history. Betting with dollars, euros, or hometown currency? Timeless cool. The choice is yours: embrace the crypto frontier or stick with fiat tradition. Just remember to have fun and not take it too seriously!
Cryptocurrencies are fast, more secure, and way cheaper in terms of fees and taxes, and most importantly, there is no one sitting at a computer watching you transact your money into the casino and then taking them out from there.
Today, crypto gambling has become more popular than fiat gambling. I think the main reason for this is the opportunity to gamble anonymously. Although KYC has been made mandatory on some platforms. But if anyone wants, he will have the opportunity to use his crypto safely. Moreover, transactions using crypto are very easy and 100% secure. And crypto gambling platforms are growing fast due to these few things. A gambler can benefit from all aspects of using crypto. The massive development of gambling platforms today is made possible by the use of this cryptocurrency.
hero member
Activity: 2632
Merit: 546
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.

It's business, so they want to cater to as much patron as they can get, as long as you are in legal age you can play online and offline and that is the main reason why the market for gambling is so big right now because majority of the population are into it because of internet and mobile phones. Even those who are in middle to lower class, you can find them having 2 or even more cell phones to boot. So I wouldn't be surprise if that family is also into gambling as the proliferation is all over the world right now.
sr. member
Activity: 2156
Merit: 344
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.
hero member
Activity: 2352
Merit: 594
A person who takes gambling seriously will develop some type of addiction and from there will begin to plan how to make a certain amount of money from gambling, so it's important not to take gambling seriously.

It's crazy to me that I've never seen a gambling platform warn players about gambling responsibly. It's not good for business, I guess.   

I think gambling platforms have warned players to be able to gamble responsibly but many gamblers cannot do this and instead become greedy just to chase previous wins. This makes them addicted to gambling in the future because they don't make clear boundaries in gambling. We have seen many people who eventually get addicted to gambling, losing a lot of money and everything.

But if we can be responsible with gambling, we won't become addicted to gambling and won't lose much money either. We must realize that gambling is part of entertainment and nothing more.

Gambling also needs to do financial management. without doing management as you said, some gamblers will become greedy when they don't get the main win and use all their money for gambling bets. this will even harm themselves and make them even more addicted to continue gambling and want big wins.

Few of the beginners can be responsible with their gambling. just want instant wins and Jackpots that will never be obtained.

There are other gambling platform that has features that they will prevent addictions like you need to activate not sure what is the exact name of it but i think it was "responsible gambling" which if when you enable it there are algorithm that will stop your best or basically forced you to stop on that day, i know there are loop holes on it but still it is a good initiative from the platforms to try to hinder the addictions of a gambler, but if you are really addicted to it you will really find ways to counter it.
legendary
Activity: 1946
Merit: 1157
Enterapp Pre-Sale Live
A person who takes gambling seriously will develop some type of addiction and from there will begin to plan how to make a certain amount of money from gambling, so it's important not to take gambling seriously.

It's crazy to me that I've never seen a gambling platform warn players about gambling responsibly. It's not good for business, I guess.   

I think gambling platforms have warned players to be able to gamble responsibly but many gamblers cannot do this and instead become greedy just to chase previous wins. This makes them addicted to gambling in the future because they don't make clear boundaries in gambling. We have seen many people who eventually get addicted to gambling, losing a lot of money and everything.

But if we can be responsible with gambling, we won't become addicted to gambling and won't lose much money either. We must realize that gambling is part of entertainment and nothing more.

Gambling also needs to do financial management. without doing management as you said, some gamblers will become greedy when they don't get the main win and use all their money for gambling bets. this will even harm themselves and make them even more addicted to continue gambling and want big wins.

Few of the beginners can be responsible with their gambling. just want instant wins and Jackpots that will never be obtained.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
A person who takes gambling seriously will develop some type of addiction and from there will begin to plan how to make a certain amount of money from gambling, so it's important not to take gambling seriously.

It's crazy to me that I've never seen a gambling platform warn players about gambling responsibly. It's not good for business, I guess.   

I think gambling platforms have warned players to be able to gamble responsibly but many gamblers cannot do this and instead become greedy just to chase previous wins. This makes them addicted to gambling in the future because they don't make clear boundaries in gambling. We have seen many people who eventually get addicted to gambling, losing a lot of money and everything.

But if we can be responsible with gambling, we won't become addicted to gambling and won't lose much money either. We must realize that gambling is part of entertainment and nothing more.
hero member
Activity: 532
Merit: 508
Leading Crypto Sports Betting & Casino Platform
According to the articles shared, sports betting will have the highest market gain in the next few years.
What do you think?

I have not really tested how massive the winnings of slot games can be, but speaking of sports, it's a game that a few people I know have gambled on and has made them some huge amounts of money like $10k, $5k, $3k, $1k, and $500, respectively. I myself am a fan of football, so I gamble more often on football, basket ball, and tennis. It makes me have a little win, although sometimes it's huge but not very huge. I think that casinos are expanding every day, as there are always new people that come into the gambling industry for gambling business. In the past five years, the gambling industry has not had the same volume of value that was recorded last year, and as the year keeps going by, that's how It will continue to grow.
sr. member
Activity: 882
Merit: 274
Online gambling have grown so big in a very short period of time, I believe that the Covid lockdown played a significant role in this success for online gambling platforms, now many new online gambling platforms are appearing, there are millions of people that are ready to signup today on an online gambling platform.

There needs to be a way for people to be educated about online gambling, because the more people get involved with online gambling, the more bad news we will hear, and many more people will become victims of their own choices.


A person who takes gambling seriously will develop some type of addiction and from there will begin to plan how to make a certain amount of money from gambling, so it's important not to take gambling seriously.

It's crazy to me that I've never seen a gambling platform warn players about gambling responsibly. It's not good for business, I guess.   
hero member
Activity: 2870
Merit: 612
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It's only going to get bigger and bigger too..I mean we are just touching the very TIP of the online gambling industry.  Here in the United States laws around gambling have become much more relaxed, especially in states like my own, Illinois, where gambling has been legalized across the board..however even here for many online casinos you have to initially set up your account using the casinos IP address.  Then you can bet anywhere, but must set up the account at the casino to start.  Before long this will no longer be a requirement for casinos across the country, which will only had to this explosion.  Then the rest of the world will follow the western world before long as follow suit...again, just the tip is where we are right now.

With everything going digital, yes it's gonna get bigger. When our government launched the digital wallet for our local currency, local casinos are also launching their version of online casinos. After months of it, we already heard people lost their fortune over online gambling.

Thats one manifestation that online gambling is really getting bigger and there is no sign of it going slow while influencers promote casinos as well.

this is really also a problem as it will attract more newbies to gamble that is why there are a lot of people that educating other people by teaching them the risk towards gambler and other are having free consultation or mental support through online to those who are addicted to gambling. I hope that you government will also like have program for those addicted to gambling and not just focusing to on regulating those casinos

If you look carefully at the rapid development of gambling and the scant development of assistance to gamblers, their rehabilitation, as well as preventive measures aimed at explaining the principles of gambling to schoolchildren and students, you can conclude that the governments of many countries just pretend to care about the population. In reality they care only about taxes coming into the treasury and the laws which they adopt in most cases are aimed not at protection of the unprotected population, but at their own benefit.
This is actually situational because there are really places on the world or countries which had been banning all forms of gambling or simply been prohibited.

United Arab Emirates
Brunei
Cambodia
North Korea
Japan
Singapore
....
https://www.lawyer-monthly.com/2018/02/10-countries-where-gambling-is-completely-illegal/

Dont know if this one is on both physical or online betting but for  sure there are countries which both banned  these things. Gambling industry
isnt the only source on where they could be able to extract out that TAX but well its not shocking into those places on where
they do heavily rely on this industry considering on how much money could really be generated into this  matter.

It's somehow just publicity that these countries still have gambling as far as I know. Even China which bans gambling sets up a place for gamblers like Las Vegas. Cambodia has a lot of casinos and so is Singapore. What can be illegal today may not be illegal in a few decades.

They are doing this because they know people will still gamble in hiding. There is always a big guy somewhat above the law who will make money out of gambling. The government will be happy to accommodate them and tax the activity. And with online gambling, they can't stop it.
legendary
Activity: 2646
Merit: 1106
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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.
hero member
Activity: 2730
Merit: 632
~~~
I beg to differ about Japan, it's not really banned there. As you can see, there are many Japanese that like to gamble. Just like this video, it shows a life of a Japanese casino worker so that means, that Japan isn't really banning gambling there. There could be some conditions but it's not actually stopped nor banned there.
(https://www.youtube.com/watch?v=3ouVqSaAkLY)
These articles should need to be updated and give more accurate details of what are the countries that do really prohibit gambling. But I've got an idea and most of them are Muslim countries.
Yes, this is why i did mention if this list does include out online or offline betting because some of those countries arent really that totally banning out gambling which its true that the
list or article should be at least updated because it is really that somewhat misleading if you wont really be making some indept research. Just like on what you had mentioned about
those countries are mostly muslim countries then we do know that gambling is really that prohibited.

According to the Quran, Muslims are forbidden to gamble. However, there are casinos in countries where Islam is the predominant religion, and there are numerous other countries throughout the world with casinos that focus their marketing strategies on attracting gamers from Muslim-majority countries.
Source
hero member
Activity: 1022
Merit: 667


i can say, the pandemic really did contribute in the popularity of online casinos and so with crypto casinos. this is one of the few industries which benefitted from the crisis in a positive way. as people were stuck in their homes, they looked for some entertainment that they can access, and they found online gambling. this is especially for gamblers already.
Yes, the lockdown has opened players' eyes to online cryptocurrency casinos, since their offers a wide range of unrestricted services compared to land-based casinos, things are changing right now and traditional casino is gradually becoming insolent with some of them now shifting attention by upgrading to online service to better the lots in the market, the rate of competition also have placed player at an advantage against the casino even though their system is designed to favour the house with a high house edge that makes it hard for gamblers to beat them to it.

but in general, online crypto casinos have come to stay, and they're reshaping the face of doing things in the gambling industry today.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
The rise in online gambling market started during the covid 19 lockdown and since then, gamblers have discovered the ease that comes with gambling online since it is less stressful and privacy oriented since one can easily play those game both on mobile and desktop and this is what has lead to the increase in demand for online casinos.

The market is becoming big and highly competitive for casinos, since almost all the traffic is now directed at online casinos the market have become lucrative and highly demanding for casino operators and this is one of the biggest markets in the cryptocurrency space and the gambling industry in general.

i can say, the pandemic really did contribute in the popularity of online casinos and so with crypto casinos. this is one of the few industries which benefitted the crisis in a positive way. as people were stuck in their homes, they looked for some entertainment that they can access, and they found online gambling. this i believe happened especially for gamblers already.
and as we looked in the forum, most good paying campaigns are under these casinos, which means, they are earning good income as they can afford to pay these people to promote their site.
hero member
Activity: 1022
Merit: 667
The rise in online gambling market started during the covid 19 lockdown and since then, gamblers have discovered the ease that comes with gambling online since it is less stressful and privacy oriented since one can easily play those game both on mobile and desktop and this is what has lead to the increase in demand for online casinos.

The market is becoming big and highly competitive for casinos, since almost all the traffic is now directed at online casinos the market have become lucrative and highly demanding for casino operators and this is one of the biggest markets in the cryptocurrency space and the gambling industry in general.
hero member
Activity: 2940
Merit: 627
Vave.com - Crypto Casino
This is actually situational because there are really places on the world or countries which had been banning all forms of gambling or simply been prohibited.

United Arab Emirates
Brunei
Cambodia
North Korea
Japan
Singapore
....
https://www.lawyer-monthly.com/2018/02/10-countries-where-gambling-is-completely-illegal/

Dont know if this one is on both physical or online betting but for  sure there are countries which both banned  these things. Gambling industry
isnt the only source on where they could be able to extract out that TAX but well its not shocking into those places on where
they do heavily rely on this industry considering on how much money could really be generated into this  matter.
I beg to differ about Japan, it's not really banned there. As you can see, there are many Japanese that like to gamble. Just like this video, it shows a life of a Japanese casino worker so that means, that Japan isn't really banning gambling there. There could be some conditions but it's not actually stopped nor banned there.
(https://www.youtube.com/watch?v=3ouVqSaAkLY)
These articles should need to be updated and give more accurate details of what are the countries that do really prohibit gambling. But I've got an idea and most of them are Muslim countries.
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