How Big is the online gambling industry today? - page 24.

Oasisman

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Quote from: Reid on May 03, 2023, 07:44:23 AM

How Big is the online gambling industry today?

Easy accessibility and convenience plays a huge role on how huge online casino/ gambling websites nowadays.
I can say, online casinos are generating huge revenue in this current timeline by just looking at almost all of the vloggers and YouTubers are advertising these online casinos in almost all of their contents. This has even caused some issues due to it's exposure to the minors. Some were a bit of concerned so they stopped promoting these online casinos, but for many of them, they can't just turn down the huge offer so they tend to ignore the issues thrown at them.
Advertising offer depends on how popular you are and how many views your videos can generate. There's a rumor that the offer was around $2k or more for a short portion of your content tackling about those online casinos. So, I see a lot these advertisement in a lot of different vloggers in the internet. That alone proves how BIG the online gambling industry today. When a company pays huge money for the advertisement, that means it's effective and they are expanding their market as well as the revenue.

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Quote from: alegotardo on May 03, 2023, 09:16:26 PM

Traditional bookmakers have always made a lot of money since they were just physical establishments and were limited to a local public or else to their visitors who were willing to go there.
With the popularization of online betting, the business began to expand, but the public was still very afraid and suspicious of the sites.
Then came the COVID-19 pandemic and forced people who were loyal to gambling to have to use the sites, in the same way the sites needed to invest heavily in new features, game and bonuses for players to continue operating.
The result was an absurd growth of this type of venture on online platforms.

I sincerely believed that this could decrease again after the COVID-19 health crisis is over, but I was surprised to see that online gambling continues to grow by the day.
I think this is a path of no return, online gambling allied to cryptocurrencies should still grow a lot in the coming years.... I believe that.

Correct. Covid-19 made a lot of people stay at home and do everything using just their computers or cell phones with an internet connection. Food deliveries also went at it's peak and even without the restrictions, they are still being patronized by the people. We got lazy.
Now it's not just the old gamblers who do the gambling, new players are coming in because of the easy access created by the gambling businesses.
Then, in the past, there's this thought about casinos just for the rich so they won't go there but now they don't have to and the initial deposits to play is so low that I think even $10 would suffice to play for a long time in casino games.

A path of no return, yes that is the perfect definition of it. It will just keep on growing in the upcoming years and we won't be able to stop it. It will become the norm for the active gamblers and soon-to-be gamblers.

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Quote from: Reid on May 03, 2023, 07:44:23 AM

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

Traditional bookmakers have always made a lot of money since they were just physical establishments and were limited to a local public or else to their visitors who were willing to go there.
With the popularization of online betting, the business began to expand, but the public was still very afraid and suspicious of the sites.
Then came the COVID-19 pandemic and forced people who were loyal to gambling to have to use the sites, in the same way the sites needed to invest heavily in new features, game and bonuses for players to continue operating.
The result was an absurd growth of this type of venture on online platforms.

I sincerely believed that this could decrease again after the COVID-19 health crisis is over, but I was surprised to see that online gambling continues to grow by the day.
I think this is a path of no return, online gambling allied to cryptocurrencies should still grow a lot in the coming years.... I believe that.

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Quote from: Reid on May 03, 2023, 07:44:23 AM

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

There is no doubt that the online gambling industry is growing very fast and it will continue to grow in coming years. There are reposts that the online gambling industry can surpass the 200 billion dollar mark by 2031. This is indeed a huge growth. I think the interest of gamblers in physical casino will decrease with the passage of time and the gamblers will prefer to online gambling over physical gambling.

Global Online Gambling Market Set to Reach USD 75.15 Billion by 2031, With a Sustainable CAGR Of 12.5% | Growth Market Reports

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Long back itself gambling industry is very big and people who were part of the business were very successful. This is all because of the specific percentage as edge that the Casinos receive. The lockdown period were well utilised by the gambling platforms understanding that the people's mind. Those period were the transition time and more people came about cryptocurrency accepted gambling platforms. This made more cryptocurrency accepted platforms successful. Now the growth continues amidst the opposition and support for regulated usage and ban on different countries due to addiction and other problems out of gambling.

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Quote from: coin-investor on May 03, 2023, 10:59:49 AM

What brings this all together? of course, the human desire to have fun and to take a risk for big profits, and technology make it easy for all of us to access this that will realize our desire to be entertained and to make a profit which is the gambling platform, this is expected and will continue to grow, there are markets and there are demands, people wants a stress reliever and the gambling platforms are considered to be one of the top stress relievers.
It's hard to stop people from their natural urges even the pandemic did not stop people from doing what they love doing because of easy access.

That's humans for you, they always have a way around to what ever restricts them from having fun and will deprive them of their deepest desires. The gambling industry for me is just starting to boom looking at how technology which is the core base of its movement is also at its early stage of development. Technology and the gambling Industry works together from my angle of view and I think there are more years ahead for the technology to surpassed this present state and this also be the same for the gambling industry so its likely that more comprehensive ways to are further introduced to the society at large in the near future.

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Quote from: YOSHIE on May 03, 2023, 11:40:54 AM

Quote from: Reid on May 03, 2023, 07:44:23 AM

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

Theoretically possible, you can see for yourself everywhere everyone is happy to spend their time and money just betting in sports betting, maybe a greater percentage of football.

I consider football betting or sports in general not to be complicated like other bets in general such as Roulette, Blackjack, slots etc., so it's not surprising that in the future and in view of the development of the era the sports betting industry has become the biggest target and profit in history.

I also agree with what you said going forward as it is in the article.

Football, right! I think that is where the major number of sports gamblers are and might be the highest number of bets per day. It's a worldwide sport and I can see a lot of supporters in it. Just checking at all the threads of football in gambling discussion, they are always active in everything that will happen from roster changes and history of teams winning and losing.
I know the sport but I have not made a bet there yet although I am kind of intrigued with why they are very entertained about the game. Wink

Quote from: slapper on May 03, 2023, 12:53:05 PM

The sports betting sector amassing a significant market piece? Hardly startling. Sports enthusiasts are fervent souls, ardently supporting their cherished teams. Yet, we must not lose sight that sports betting is speculative, and like all speculation, danger is inherent.

It is true that sports betting is still a prediction base game, there no accurate bet and there are possibilities that underdogs could turn the table and win the game even at lower odds possible.
I must say, I have been monitoring the recent bets on different gambling sites, both casino and sports are supported and yet most bets that pops out are coming from the sports industry.

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Quote from: Jawhead999 on May 03, 2023, 11:14:55 AM

Gambling was been a good business for many businessman because they know if many people are want to make money in instant way and there's a chance they will keep gamble due to get an addiction. Moreover right now casino isn't only can be played in offline casino, any people in this world can gamble through online casino especially crypto casino where cryptocurrency are borderless transaction.

In conclusion, the gambling industry currently has been a massive boom especially due to the pandemic that happened last 2020.

When the pandemic happened, this proved that most businesses can survive being online. People explored and they discovered that online gambling can bring both the fun and the convenience at the same time. This is the reason on why lots of online gambling casinos have recently opened since the demand for it is huge for majority of the players. I mean, why visit a physical casino when you can experience it at the convenience of your home?

While this may be the case, physical casinos are still famous and lots of people still join up to this day. But personally, with the surge of various online gambling websites, I prefer the latter way more than the former.

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Quote from: Reid on May 03, 2023, 07:44:23 AM

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

Great thread and discussion my friend..

With how popular gambling have become, most especially, amongst youths, I am tempted to say that the entire gambling industry is way bigger than they estimated.
And yes, majority of gamblers focus on sports betting, this is an indication showing that sports have become an integral part of our system, and for the gamblers, watching sports is not completely fun, when something is not at stake..

I also expect the gambling industry keep growing as more and more people find their way into the market, and yes, sports betting will always have the largest market share in the gambling industry, as a gambler doesn't entirely depend on luck to win, as it is with slot games.

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The way online casinos are spreading up like wild fire this days baffles me .. but on the other hand, it's also good since it has made the usage of smart technologies simply accessible... Secondly, it has also made the scalability of different products in the competitive market very volatile.
It also has a bad effect too; since it' has pushed too Many young people and given them an access to stake -- sometimes too heavily, which oftentimes leads to abuse.. but are we regretting on whatever renaissance it has caused?? No! That's exactly why diverse means are made to curtail illegal gambling pattern.

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A lot of this growth in my opinion is owed to the COVID-19 crisis.

Don't get me wrong, that was an awful time and I wouldn't want to go back to such a period of my life but the pandemic brought about a lot of eye-opening truths to most people. Mainly the fact that with the current digital age, there are so much stuff out there that is easily accessible without needing to go to their physical spots in person. Work? You can do that remotely. Food? Delivery is a thing. Gambling? We have online gambling! This is in my opinion, the biggest reason why people suddenly paid more attention to online gambling. In any case, you can also thank the aggressive nature of online gambling marketing. In the Philippines alone, celebrities, internet personalities and even niche content creators are given sponsorship deals just to promote online casinos. Granted these are for the most part fiat casinos but the point still stands. It seems like online gambling is here to stay and is only bound to become better as it goes on.

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Quote from: Reid on May 03, 2023, 07:44:23 AM

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

You just said it all, because easy access with the help of smartphones and celebrity endorsement are the biggest factors that has caused massive growth in this gambling industry currently at the moment, of which as long as sportbetting and casino business remains active, this figure is speculated to increase with time,

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Quote from: harapan on May 03, 2023, 05:09:11 PM

I have never see these statistics before but I know gambling is pretty huge these days. Gambling companies make a lot and they spend a lot on marketing because the competition is quite high.
I agree that the marketing plays a tremendous role in the promotion of gambling.
Also, as sports gets bigger so does gambling in it increase. If the views of a particular sport is projected to increase, you can be sure that gambling on that particular sport will increase.
It's also a very profitable industry, I'm not in it but I can guess so because if it wasn't profitable there wont be so many online gambling sites or casinos.

Online gambling industry is continuously growing as you can see more and more crypto casinos and bookies are being introduced in this forum alone.
There are also a lot of crypto-based and fiat-based casinos that are operating outside the forum, and they are promoted in most social media channels.
And when it comes to profitability, I think they are earning good income and profits, because they can sustain their business.
Remember, some top casinos and bookies in the forum are even employing some known personalities like Drake, King Kaka, some UFC stars like Ngannu, Adesanya, Grasso, and some football players.
If they can afford to pay their services, it means, they are pretty doing good in this business.

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Quote from: lizarder on May 03, 2023, 10:38:55 AM

Quote from: Reid on May 03, 2023, 07:44:23 AM

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?

For online gambling, it's easy to access using both cellphones and laptops and the internet doesn't require a certain speed for people who want to place bets. At present the support for gambling sites is so widespread and nothing is more difficult to access because support resources have been fulfilled and even during a Pandemic people can sit at home while placing bets on gambling sites. Celebrities are the most reliable place for promotion because they have a large following under their name, so companies are starting to see their marketing potential.

The trend of online gambling will expand and this is in line with the wishes of many people, because when they want to gamble, they don't need a third party as a link and they can freely gamble without being known by many people. I see the Asian region especially for online gambling is expanding and many celebrities have taken part to promote certain sites.

We are now on an era on which digitalization is really indeed giving off that kind of fast accessibility on anything specially on online things not only limited on gambling space but also in other industries as well on which
it would really be just that normal that there would really be those applications which we could simply be able to access anytime and anywhere we want as long we do have that internet connection.In speaking about progress then in just looking alone into those physical places or casinos where there's a significant rise up on yearly basis and it didnt stopped nor really that goes down, which means that demand
is really there.

Excluding out other markets just like on fiat casinos online and adding up on crypto casinos which it is really that a normal approach that we do have that increase too on this aspect considering that
we are almost spending our time on facing up our cellphones or even computer which means theres a specific market on that and this is where owners would really be
considering on building one since they do know that they could really get some good marketshare or demand into this and it did really happen.

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I have never see these statistics before but I know gambling is pretty huge these days. Gambling companies make a lot and they spend a lot on marketing because the competition is quite high.
I agree that the marketing plays a tremendous role in the promotion of gambling.
Also, as sports gets bigger so does gambling in it increase. If the views of a particular sport is projected to increase, you can be sure that gambling on that particular sport will increase.
It's also a very profitable industry, I'm not in it but I can guess so because if it wasn't profitable there wont be so many online gambling sites or casinos.

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Quote from: Yatsan on May 03, 2023, 11:04:26 AM

I'd say huge and becoming bigger each and everyday. One factor which made its emergence faster is accessibility which is more convenient in comparison with land based casinos. Also with cryptogambling, it gives accessibility to countries wherein there are restrictions to such activity, as long as the gambling server won't be prohibited. Another as in line with convenience is being easily accessed to whenever time is preferred by the player. Many online gambling platforms are continuously appearing because of the increase with the number of players nowadays. Gambling games are also evolving from the traditional ones, which is a sign of development as well.

As the saying goes... what comes up must come down. So don't say that it will only rise continuously but there will be a time that it will decline. It's either the adoption already reached its maximum level and some countries ban gambling because people are not doing it the right way anymore. We already know why.

There are ways to bypass the restrictions given by the government and our network operators but I won't recommend this to the normal individuals as the chance for them to get caught is high and something bad is going to happen to with them. Even the well experienced hackers can sometimes get caught so much more them?

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Quote from: ryzaadit on May 03, 2023, 01:38:00 PM

More I guess.

In-some big event, the gambling industry are growing more and more. Just take example from last World Cup, the increase are crazy more than 60% form the old world cup. Online-gambling now dominate the market.

Because following the tech, people are not really go to landbase anymore.

Without a doubt the increase in the number of people that are gambling and that are doing so openly is tremendous, and without a doubt this is a very recent phenomena, because years ago it was impossible for me to picture a scenario in which I could be talking with my friends and family about gambling, but now after the pandemic in which people had to suffer by being at their homes for such long periods of time, now this has become way more common and I can talk about gambling with them and no one judges you for it.

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More I guess.

In-some big event, the gambling industry are growing more and more. Just take example from last World Cup, the increase are crazy more than 60% form the old world cup. Online-gambling now dominate the market.

Because following the tech, people are not really go to landbase anymore.

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Astounding! The global online gaming market is always expanding like a mysterious balloon. The study of virtual gaming odds has developed into a successful industry. The internet has made our world a big, interconnected hub, making entertainment and even gambling easily accessible.

Let's face the reality, though. While the possibility of enormous wins could be alluring, gambling is a risky dance. Although it can be thrilling, it can also be financially disastrous and addictive. We must proceed cautiously and know when to turn back.

The sports betting sector amassing a significant market piece? Hardly startling. Sports enthusiasts are fervent souls, ardently supporting their cherished teams. Yet, we must not lose sight that sports betting is speculative, and like all speculation, danger is inherent.

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Quote from: Reid on May 03, 2023, 07:44:23 AM

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

The number of sports bettors is really on the rise and it is logical to imagine that it will have the highest market gain in the next few years. Because of the growth of the media and how well some sports have been packaged and also some other reasons, many people are becoming more interested in some sports that did not have popularity in their areas before and are becoming active bettors.

For people in the gambling business, these statistics can be a tip that to increase their profit as the number of sport bettors increase, they can include sports betting in their platforms to be beneficiaries of the increase.

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