Topic: How Big is the online gambling industry today? - page 2. (Read 3306 times)

Gambling platforms have evolved tremendously and have now become a significant industry across the globe. Crypto gambling in particular has grown tremendously since its inception. Nowadays making a deposit on a crypto gambling platform is a very easy. A gambler can conduct his gambling without KYC. So , a gambler can easily gamble and It is not easy to identify a gambler in this case. No parent wants to find their child a gambler if he or she declares it by his or her oneself. Gambling has no effect if a gambler is not underage and addicted.

That's right, I often see advertisements for new casinos everywhere, they even seem to be placing lots of advertisements on social media, even crypto explorers such as on etherscan or blockchain and others, lots of casino advertisements, we even realize that lots of new online casino sites are popping up, maybe this is a sign that this business is very profitable and the online gambling industry is getting bigger day by day because the income value is quite high.

Moreover, there are also quite a lot of local casinos, for countries where it is legal, you may see that local casinos are growing very well, especially in the midst of the difficult circulation of money and the economy in several countries due to the impact of the past Covid which may make the circulation of money even more difficult and many workers have even been laid off, making it even more difficult. many of them seek their luck by gambling and other things, it would be difficult to imagine the growth of this industry so rapidly.

Not all gambling sites will apply or follow the legalities or licenses for operating the gambling industry because it will cost more money including taxes so only sites that can really develop well may be able to survive or be able to establish all of that and the main reason some casinos are reluctant there is only one namely tax matters because new casinos will not be able to make a profit at the start of operations and are still burdened by the tax demands required.
I agree that the legality of gambling sites has many positive impacts one of which is by having several regulations and being able to create pressure so that fewer underage children try to gamble.

In the past few days I have tried to explore several new online casino sites that are fiat and crypto based and most of them do not have very clear rules regarding age restrictions and they do not even have a clear license to regulate any provisions or applicable laws.

It is truly unimaginable how fast the online gambling industry is growing in every country and each country also has a very large number of local gambling sites and new casino names are always popping up every month.

But if it is gambling, they should make strict regulations so underage children do not gamble easily. But in any case, parental supervision is necessary so that their children do not have the desire to gamble or are curious about what it feels like to gamble. Implementing this regulation must start in every casino and have an understanding given by each parent to their children so that in the future, their children will not gamble because they already know the impact of gambling on themselves and their lives. Even though this gambling business will get bigger in the future, children who have been given this understanding will still not try to enter the world of gambling because they already understand that gambling is not a place to make money and is only for entertainment.

Well, with cryptocurrencies, access to online gambling is eased. Previously you needed a credit card to gamble online and not everyone had the credit card / bank account. This automatically puts restrictions too but now anyone can access the gambling site and use crypto to gamble and even minors can gamble on platforms that do not ask for the KYC.

If a child is found betting on the mobile phone, we can only blame his parents for not keeping an eye on him and also giving him access to the money through which he places the bet.

Yeah, that way you help both sides avoid minors to get an early addiction while providing additional income coming from the tax that there
government will implement when a legal casino applies for the permits.

We will continue to see more updates and more developments coming from this industry as more and
more people are already engaged with gambling, legalizing will help in terms of controlling the situations
especially with rules for minors to play.

Through the history of the world if there was one thing that does not work to stop people from engaging in an activity is to ban it, and if anything this increases the desire people have of it as now it is even more attractive precisely because it is illegal, so if we want to avoid that minors gamble the best way to do so is by the implementation of regulations which legal casinos must follow, this way you get the best of both worlds, you reduce gambling on minors as much as possible, while at the same time you make an industry legal which generates enormous amounts of taxes.

The mine sweeper game is not meant for gambling but it is now today. If a kid finds out they can make money with it, no doubt he will try it with the very little money he has.
The gambling industry is not done expanding.  It's gonna get bigger and bigger while we are going digital. The games that we just used to enjoy on PlayStation might just get involved in gambling one day since developers of those games are also getting into crypto.

Tekken (street fight game) was one of the games I used to play and over time without betting it gets boring. I won't be surprised if there is a version of it in the future where we can login to such game and bet.

If you analysis the Stake casino,you can understand the exact growth of the online casino.The Stake had billion of dollars and top most casino in the world for now.Last week some hack of 40 million dollars was occurred in the Stake,but in few hours they proved their power and get back from the hack and retrieve their wallets.On the next day the stake had paid their campaign participants without fail.This was the legitimacy of the Stake as compared to other casino.If any other casino get hacked,they will use this opportunity and fly with the res of the money.They not even pay the workers after the hacking.But the Stake had paid all their signature campaign participants without any few minutes delay.Other casino should take stake as example and need to grow to the extreme.

If I were to give advice or share gambling on this forum with them I think it would be a bit difficult or maybe I would not do it. the reason I say this is because there are 2 reasons and the first reason is that there are a lot of gamblers around me, especially slot gamblers and they find it difficult to accept betting using crypto but prefer to use fiat and the second reason is I not want to be blamed if anything happens when they try to gamble on the site casinos on fi forums then experience defeat and when they get emotional they will blame someone usually like that so I do not want to share with people around me regarding crypto gambling on forums.

even so, it seems like there are a lot of people on this forum who have tried to share online gambling on this forum which is spread via social media and I am also sure that as technology becomes more sophisticated, online gambling will continue to increase.

I think the legalization of gambling websites needs to be considered and implemented under a strict management system. After all, the more banned, the more players there are. Even children can play. By applying it to legal practice, we can manage children. If we cannot control them, children's consciousness cannot know the harmful effects of gambling addiction. I believe this will lead the younger generation to a dead end. Children will become addicted and lose their future. This is alarming when the gambling industry is so developed and legal management is so lax.

With the use of cryptocurrencies and online casinos being accessed globally worldwide, the number of gambling users has increased world wide and this has made this industry a multi-million dollar one. Although I do not say that an increase in the gamblers means that they are actually gaining money or benefiting from it, The actual beneficious are the casino owners who are really making money from this industry.

Also the covid has also given a boost to this industry as during the covid times, only the online gambling industry was not disturbed, rather it gained the highest users in those times when people were free at home and they had nothing to do but gamble online.

Sharing the forum will help them find related updates and information about the gambling site they wanted to use or if they have a concern about it, they can heck and post it here.

With the emerging technology, all platforms are now being used by business owners to attract
possible players to use their services, you can point them out here or you can point the socmed
that the business is using for addition information.

I agree or better if you could share this forum to them as well. As what we can see, most of the well-known gambling sites that is about or related to crypto has an ANN thread here and if someone is still confuse about something we can post this in this forum and ask for feedback. There's a lot of new gambling site wherever I use any soc media platform. And we can say that it is bigger than before.

regarding beginner gamblers who still do not know how to analyze whether a gambling site is legitimate or a scam, its actually very easy, just ask a friend or anyone who is more experienced in gambling and its very normal for beginner gamblers to still be confused about how to research a scam site or not because of the large amount of gambling nowadays. It always makes us worry about gambling scams and for those of us who are on this forum, we are very grateful to be able to choose a trusted gambling site that has been analyzed by trusted members and one of them is Stake.com, this is the biggest site that has had amazing developments.

IMO, for budget issues to try new gambling sites or beginner gamblers not need to use the amount of $50-$100 just $10-20 it will be safer and if we talk about better saving for the future I think it is already out of this gambling scenario because gambling is always recommended using cold money from the remaining daily needs.

Well, but we have to see the importance of all this, the internet is now a very powerful tool to monetize anything, ranging from marketing for any site and especially for casinos and sports betting platforms, for that reason it is Now the online casino has great relevance, of course I know many friends, generally friends who are 50-60 years old who do not change traditional physical casinos for online casinos, I believe that all of this they prefer those casinos because The simple fact is that they are not that good at using electronic platforms, they are not that good at technology, and that is the main reason for them not to participate in casinos, the only way is to sit with them, with a pencil and role so that they can write down and know the steps that have to be done, just so they learn so that they can play in online casinos, although for some of them they do not like all those processes, because they believe that they are going to lose money there, So it is a matter of things focusing more in the sense of technology.

So now the internet has made a lot of advantage over these sites, because on the internet anyone can enter and get any type of Information, many things can be done to be Able to access the best content that can be from casinos, games, sports betting, and so on. Through the communities, through the audiences of many, you can get a lot of traffic, and because of this , the Casino is becoming more popular and has quite a lot of acceptance worldwide, as it reaches places where they have never played in a casino in their lives. , and people to play to live the experience because they look for the way through crypto because to be able to have access to them, that is the Magic of this , the bad Thing is that some Casinos Prohibit some countries just for the I just belong to a List Where they don't Allow these Benefits nor do they Allow the use of the VPN , which is Very sad on the Part of these casinos, it's a Shame.

It's apparent that the availability of the Internet and mobile phones has helped speed up the rate of bettors globally.
For instance, in my area when there was less internet access and smartphones back then as compared to today, sometimes I used to miss placing my bets because of the time it would take me to locate or in search of a nearby sportsbook, but today the increasing number of smartphones users and easy internet access has relieved such difficultly and stress experience then and today one can book and places bets just from the comfort of his home.



Sports betting is getting the largest market share and more attention because we have more football enthusiasts across the world than we have in other areas of the gaming industry.

According to the statistics online gambling got a lot of response during covid because then all the people had to spend time inside the house so a lot of gambling was seen during this time. As I and some of my friends were heavily addicted to online gambling at that time. Actually online gambling can be played in privacy and you will be somewhat safe that even your family won't know. At this time mobile device is enough for online gambling and you can play gambling even in your alone time. It is really comfortable warmth that you can play online gambling anytime at in home.

I agree, I think I have read it somewhere a  petition for the influencers to stop promoting gambling in the most accessible social media platform because it is easily to attract kids. Their script on screen are all the same and they want to gain more attention because they are showing their earning in every vlog they are showing that will really influence people to try it too in all ages.

Similar to how some countries have restrictions on alcohol for people under 24 due to addiction concerns, I would also suggest setting a 24-year age limit for gambling. However, it's important to consider that this might impact the economy, as the size of the gambling market can be significant for some countries.