Topic: How Big is the online gambling industry today? - page 6. (Read 3231 times)

Covid was a big boost for the development of online in all areas, but I think that even without it, we see how the world is changing and even without covid, a lot goes online. That's why I forgot in my first post to point out the second necessary assessment: we need to take not only an adjustment for inflation, but also for the market share. Because if online gambling has doubled, and for example online games have grown 4 times, then we can say that online gambling is lagging behind.

One of the big advantages of online casinos is that gambling can always be hidden. It is very important to keep gambling hidden because if it comes out in public it can cause self-esteem problems. When a person gambles online on a mobile phone at home or anywhere.  In that case it is always possible to keep it hidden because no one else ever looks at one's personal mobile phone without permission. So if one's intention is to gamble with privacy and just for fun then online casino can be a solution for him.

And when the gambling industry goes offline to online, it provides convenience for people worried that someone else will see them coming to the casino and discriminate against you. And now they can take those worries away by visiting an online casino, especially if they are well acquainted with crypto casinos. They can gamble from home, playing gambling in their room while listening to music. And they can hide their gambling activities from other people so that no one knows about it and they can be free to play gambling.

That is what makes gambling even bigger because by making gambling online, online casino customers will become more numerous because they come from all over the world and gather at each casino and play their favorite gambling. They can play as many gambling games as they want because almost all online casinos have many games. But this also triggers other problems for playing online gambling because they can easily become more addicted to playing online gambling because no one will see them engrossed in playing online gambling.

The Covid had increased the usage of Online gambling as compared to the offline gambling in the casino hall.Mostly the work was from home to most of the workers in the pandemic had increased the usage of time in Online gambling.The pandemic is the root cause for the increase in the crypto adoption during 2021.The increase in crypto adoption also increase the usage of Crypto based gambling sites.The government schemes also now increases the usage of cryptocurrency for now,which further increase the crypto based gambling sites.The growth of online gambling before and after pandemic was twice in value.

Many people were also worried with the stigma that gambling carried at the time, so if a person that you knew saw you entering a casino then suddenly the whole town will know about it and they could begin to discriminate against you, however online gambling protects you against the prying eyes of those people, as now you can gamble from your home and unless you go out of your way to tell people that you gamble then no one is ever going to be able to find out that you do.

If you look at simple numbers, the industry is growing really fast. But what if we adjust for inflation? Plus, an amendment to the fact that many people began to sit online more than offline (after covid, many even refuse to return to the office because they realized that remote work is what they need). Maybe with these amendments the growth rate will not seem so gigantic, but the governments, of course, are interested in exposing the case so that without their intervention there will be a total infection of all with gambling addiction 

The gambling industry is growing faster than the way it was before. By the time 2030, the gaming and gambling industry will worth more than $500 billion because there are more people that are going into gambling everyday making it to expand with time. More casinos and gambling platforms are coming up almost every month expanding the market and attracting new gamblers into the market. I hope many gamblers will not end up becoming an addict with time and because of that the government will not frown at Gambling looking at the effect it could have on citizens.

A lot of money in gambling platform and keep increasing every years, its matching with how progress of advertising with gambling platform and spent much money for paying top football teams to advertise with their gambling platform. OP publish clearly with  USD 63.53 billion running in gambling platform and looks for 2023 will raise more bigger amount. Every day has new comer create their account in gambling platform and actually will huge amount added every years in gambling platform business. Its seems more profitable for gambling platform owner and they will earn much money from you deposit fund or your loss.

Yeah, that kind of invention that brings gambling closer to everyone. I mean, those who wanted to play can quickly process it
by means of any devices that can open the Internet or connect to the internet.

Not by far, as virtual access is now being developed, we will enjoy our stay even we are just playing online,
the pleasure that it can bring, a real-time access that lets you feel that you are almost playing inside the
atmosphere of an offshore casino,.

Technology improving definitely has a big positive effect on gambling for the long term without a doubt. I understand that not a lot of people could have that kind of approach to it, but they should because it definitely helps a lot of people to do better on the long run as well. I get that it is not going to be that easy but as long as you keep doing it, there is nothing wrong with it.

Tech improving means that gambling will get a lot more wider to everyone. Even the simplest thing we do not consider as a big deal has bigger impact than we think, all because we think it's natural. The fact that you can gamble on your mobile phone is such a big deal, but we consider it normal, it is not normal and that invention has made it insanely more popular.

Yeah right, with that kind of emerging technology casino base experienced can be feel using that kind of devices, it will surely affect the offshore businesses as for sure online gamer will take that advantage.

We might see more new technology and like what you said, gambling industry will continue to
progress and more adoptions will take place. It will ride with how the technology will offer and
always find ways to take the edge.

The industry is so big now especially online to the point that platforms and engagement could be just One Tap Away from winning or taking jackpots. If there is any recession in the future, it only relies on the owner's capability to handle deep challenges on the circulation of their money and funds to operate. It is already big that I no longer see it without.


There's so much opportunities online taht many people suffers where to participate. That sums up how big the gambling industry is now.

It is very interesting that when OP made this thread the numbers were at USD 63.53 billion in 2022 but in the same last year there was a big increase in that number, it increased from USD 63.53 billion to over 90 billion in 2022, it was an increase of 27 billion US dollars, and a lot of money. this shows how this industry is growing at a very high pace, so we will see governments putting much more restrictive measures to reduce or prevent people from seeing a lot of gambling addicts on the streets because it could bring serious problems to governments, such as example with an increase in the number of gambling addicts there would be an increase in suicide cases, cases of theft

cases of a larger number of drug users, cases of a large number of people with depression, cases of a large number of people stealing at work and at home and also stealing from relatives' houses so they can play, because when you have a big increase of money circulating in the gambling market, so it means that there is also a big increase in the number of people who are losing money and also as a consequence there is a very large number of people becoming addicted. in this article:

https://www.gminsights.com/industry-analysis/online-gambling-market

we can see that market value of gambling has increased a lot

Gambling has become a culture in almost all countries, but there are only a few countries that have legalized gambling and have been considered a legitimate business by the local government, but the development of the gambling industry has experienced significant development or improvement very rapidly starting when there was a covid pandemic a few years ago and coupled with increasingly advanced technological developments.
But unfortunately the development of the online gambling industry has had some negative impacts for those who cannot use and act wisely or responsibly.
The saddest thing is that there are many minors who should be able to focus on learning to think about the future and playing with their friends, but now they are familiar with gambling and have become one of the biggest gambling fans.

I admit that gambling is an activity that cannot be separated from of society in all walks of life, but when many underage children start to enjoy gambling, this is very concerning and should not be ignored.

When you show a win of x10000 and above from Pragmatic, they will probably think how easy it is for someone to win big money from an online casino. They will start to learn how to play in online casinos and may come to you later to ask more questions.

Offline casinos are still running because they still have fans so the offline gambling business will not die. Apart from that, the number of offline gamblers will also increase because each person will choose where they will play gambling. And when they are shown that there is even an online casino, they will not immediately switch to playing gambling through online casinos but still use offline casinos.

Every new technological development will always be adjusted to each business industry and see which ones they can use to support their business work. If VR headsets have started to appear and are used, online VR casinos may appear but that will also depend on the headset's price because if the headset is still expensive, people may not want to buy it. People adopt new technologies according to the funds they have and if the price doesn't match the funds, they will wait for further developments. But even though online casinos may be able to grow tenfold, physical casinos will still be with us because people still love physical casinos.

Since the pandemic more and more online casinos are launching and even our retailed CBDC wallet can be used on it. They will start competing with the crypto casinos since they can easily make online users adopt especially because regular people can just use the usual wallet recommended by the governments. There are several online local casinos swarming the local forums, kind of known already to my neighbors.

This industry is not stopping, it's gonna get bigger than the newer industries like AI.

Gambling is very popular, but earlier there were only physical casinos for gambling then gambling was not very popular.  But ever since a huge industry of online gambling has developed, everyone's interest in it has increased, because now there is no need to go to a specific place to gamble. And gambling with crypto is much easier.  Because there is no hassle of banking or limits to deposit and withdraw money, it is becoming more and more popular day by day. and it’s  industry is very big.

It is true that the gambling industry is very big and it has been going on for ages. Gambling is a very old and popular form of entertainment in most countries of the world. But addiction is a bad thing so you have to learn to control yourself the interest of the young generation is high, but the elderly are not far behind. Not only online, these days many people are getting rich by gambling in other ways as well. However, with the advancement of technology, more people participate in online gambling than other forms of gambling. Many people can't quit gambling despite making money and many obstacles despite many attempts to stay away from gambling addiction many people end up not being able to stay away from gambling.

This industry will keep on growing and there won't be an end to it. Lately after Apple's announcement of VR headset I feel a new wave of online VR casinos would be coming up. As we known gambling industry does have a reputation of quickly adopting new and emerging technologies. I am hoping they would quickly adapt to this emerging tech in order to enhance user experience. That being said we would see a decline in customer base of physical casino after the launch. It does make sense as to why would anyone visit a physical casino wherein you can experience it at your home. AI would play a crucial part in making VR more interactive and secure in the coming years. It is just the beginning of online gambling, it is going to grow by ten folds in the future.