Topic: How Big is the online gambling industry today? - page 7. (Read 3414 times)

In where I am the offline gambling industry is doing better than the online,at least from what I see and because of people being about doubtful for the online gambling.To all my friends I have converted them to online players as I showed them with proof that the games that they were playing from providers like Admiral,Aristocrat and a couple of other providers are not worthy when I showed them the x10000 and up winnings from Pragmatic and others.

So yes the online gambling industry is probably everywhere except in Las Vegas and Maccau much bigger than that offline because of the ease of access to such platforms and somewhat of pseudo anonymity when you are playing online.

The gambling business is now a multi-billion dollar business that is still a concern for the government to be able to benefit from the permits that the government has given to the many casinos in their city. And with the development of the gambling industry, the government feels that the income from this gambling business can increase in the future because there are many rich people who still want to gamble even though they can gamble in online casinos. They will still go to offline casinos and play with friends while discussing business matters. And the casinos will get a bigger benefit because in terms of income, the casinos will get a lot of money from the gamblers.

The truth is that gambling currently exerts a great sense of entertainment for many and for others it is like an outlet to get money quickly and without much effort, but it is something that I do not recommend, because earning money through a casino is the most risky that can be done, the truth is that I do not recommend it under any circumstances, in this aspect things can change for better or for worse, as a lesson that can be taken by many to be careful when it comes to casinos, for this reason I think that when a person has some addiction problem, it should be treated as soon as possible so that it does not progress, is the idea, if we allow this to progress, it is possible that some things get out of control, especially the control of our life, of our family and a series of things that unleashes an uncontrolled addiction.

Casinos are currently a very lucrative business model, which when done well, can give enormous profits, but not everything is rosy, and there are many liquid money inflows, no, a casino requires a lot of effort, I spend on many aspects, especially security, AI, and everything that can be developed under a scheme that can currently be called tools.

An ordinary person, who works, who depends on a salary, when discovering a good casino, gets excited, because in that casino, through the games, they can get peace of mind, zero stress, and apart from that, a different way of betting, then the Current casinos become or are in a large stratum, for me it is experiencing exponential growth, apart from those casinos that allow sports betting, they handle very large amounts of money, for this reason I see this industry as one of the most profitable, because it was the only one that did not stop during the pandemic, on the contrary, it was promoted, (online casinos) and this generated more money inflows, so for me this will continue to grow as time goes by.

Online gambling has been the next revolution towards money making and entertainment right from tbe comfort of your home, no prejudice, no fear of being judged, written off and not getting into nasty conflicts that could result in a gambling house. These cuts across all of those uglies to present to you what you seek.
This has been the bases that enabled the industry to thrive. The industry has seen several expansions since then with the introduction of bots to simulate what is obtainable in the physical with the exception of a physical presence and when the metaverse is fully developed, you could only imagine what it would be for the gambling industry. We would see it explode into some billion dollar business that would take be ignored by both government and investors with a mindset of making a fortune.

You can get addicted without a notice by someone close to you, just like what you said, you can just play at home with your device
as gambling is already digital.

Unlike before, where you can only play offline and you needed to go to local casino to gamble
and it's noticeable as someone who may catch you while you are inside the casino, that kind
of innovation really creates easy and quick access to gambling.

Yes gambling has been going on since ancient times. Now everything is digital and gambling can be done very easily through many digital site. Earlier if someone gambled then almost all people would know that he is addicted to gambling. But now if someone gambles no one can go digital. Gambling  Gaming has become very easy now it was very difficult in earlier days gambling was not digital which had to face many hurdles. Now being digital one can enjoy many opportunities.

The innovation of the latest technology has made the gambling industry bigger because many people are now into it and more are still getting into gambling daily. We can even measure it since we can't count the number of users easily since more gamblers are now into crypto and online gambling which is untrackable.
In our country, gambling was just known silently or specifically through local sweepstakes and other traditional games but nowadays, more local online gambling games are even existing so I could say that the gambling industry is really increasing in our country. I'm not sure if it's a good development as lots of people are even falling into gambling addiction here but I believe that the gambling industry will still continue to grow in the future.

It's quite clear that it has become significantly big, particularly over the past couple of years. The growth has been insane especially with the start of online gambling sites accepting crypto. As you mentioned, It's very obvious how sports teams sponsor these gambling sites. Whether it's football or basketball ..etc, these sponsorships are visible on TV. Even in esports, you can notice that teams are sponsored by betting houses as you mentioned earlier as well.

So I think this industry is already very big and imho It'll grow much more in the next few years.

Gambling has been since the prehistoric era; the only difference between back then and today is the easily accessible method from gamblers online. It is relatively easy for viewers to see as well as comprehend all of the essential subsections. Online is primarily what every gambler with smart phones and laptops concentrates on; there is no pressure and one can place wagers on games without leaving the house; losses and profits are faced in solitude. gambling is extensive and the online sector, as well as specific online gaming, is growing in popularity. It is rapidly propagating throughout the system.

Gambling has been a necessity for people throughout history. People have gambled despite limited opportunities to have some fun and get away from stress. Today, technology has moved to a great point and we are not under limited opportunities. Therefore, we can safely say that the gambling industry will grow even more. Indeed, many gambling companies are now sponsoring football teams and sports organizations. I have no worries that things will only get better with time. We will definitely see more reliable and more accessible platforms. I think the gambling industry will become a better and stronger market in time.

Yes you are right, gambling is an industry that can generate billions of dollars. It is not surprising that every country cannot completely prohibit gambling activities even though in fact every country and even every region has clear and firm regulations to prohibit online or offline gambling activities.
But as long as there is money flowing into the wallet of a person or group who has power, then the gambling activity is invisible and not disputed by law.
Gambling activity will really get involved with legal issues only if there is a case that goes viral, but as long as no person or group reports gambling activity until it goes viral then gambling activity will continue and continue to grow.
I admit that the people who manage the gambling industry are very great because they can take advantage of technological advances and always have many ways to silence the regulations that exist in each region or even in a country.

How big it is ? I don't think we can measure how much the gambling industry is worth today but we can say for sure that they are everywhere , in every sport , in every team. This boom happened since 2015 when a lot of bookies have been founded and since then , I don't remember any big casino or sport bookies who had financial problems or any similarities with this.

Lately , we can see more and more esports teams being sponsored by betting houses but this will help the esports industry grow a bit more faster even if a lot of esports fans are not pleased.

Besides being motivated by the pandemic that occurred in the past few years. this is also motivated by people's lives that cannot be separated from social media where the presence of online gambling is able to gather and reach all levels of society in a short time which makes the online gambling industry even bigger.

I also believe that metaverse gambling will become more popular because in this gambling there are more variations and choices of gambling games compared to land casinos. However, when we decide to dive into it, this must also be accompanied by sufficient knowledge because online or virtual gambling is very vulnerable to fraud cases such as; fraudulent and unreliable payment systems when players make deposits and withdrawals.

And the gambling industry saw an opportunity from yesterday's pandemic to increase its performance by creating many advertisements that could attract more people to visit its casinos. This has been proven by the increase in the gambling industry during the pandemic. Many of the online casinos especially online crypto casinos experienced a surge from the pandemic so that also increased their revenue. But the risk of gambling will still be there and they must pay attention to the risks and must try to prevent large losses. If they entered the crypto world not from gambling, maybe they could see an opportunity to make big profits from crypto. But sadly, only a few are willing to learn more about crypto while others stick to crypto for gambling.

The pandemic hit it was a good time for crypto to get a lot of new customers where people who are at home can't go anywhere and they might get bored of not being able to do anything at home. And the presence of online gambling made them feel that there was fun they could get so some of them started to try it. And this is also experienced by crypto casinos where they also get many new customers who visit online crypto casinos to play gambling. And that's what makes crypto casinos more and more often create advertisements to invite more people to gamble. And when physical casinos have started to reopen, this doesn't really affect online casinos, fiat or crypto because everyone has found what they are looking for so they keep using online casinos to gamble and also keep visiting physical casinos to play gambling too.

It is common for any industry to think about opportunities to make profit. Big pharma were the once minting billions at the time of pandemic and not just big pharma other industries associated with pharmacy were also doing big business. It is also a fact that gambling industry is one of the most opportunistic industry across all the domain. In the end they did succeed in generating good revenue but they are the ones who introduced new members to crypto. It did help in adoption and made people aware of both pros and cons of the cryptocurrency market.

On the time that pandemic hits then online gambling platforms or companies did really make out that huge recognition since people cant really go into physical places.Revenue rises but now that we are going back to normal then physical places are already on operation on which it did really make that normalized but in speaking about industry growth then we are really seeing that significant increase year by year on which does simply means that there are really that gradual increase of gamblers because there would be no increase if there would be no people who do get interest on gambling thing.Its a matter of demand and recognition on which it is really just that normal that revenue and relevance would increase too. There would be no exact numbers about overall revenue or increase on year by year but basing up on the numbers of current existing businesses then we can actually say that it is really that still having that demand.

And with what we have in the past couple of years, the pandemic era, a lot for sure have gone into online gambling for entertainment.
But the positive side on this is that the government are earning their income from this business. And are using to improve their services.
However, the younger generation should be very careful in getting addicted as it can easily ruin their lives if not contained early.
Definitely, the gaming/gambling industry is getting big. Just look at how many casinos are being launched everyday.

Isn't it common practice for these opportunistic industries to profit off the world's woes? People were already confined to their houses due to the pandemic and suffering from worry when the gambling business swooped in, sensing a chance to earn quick cash! Some people may have learned about cryptocurrency thanks to the growth of online gambling and crypto casinos, but at what cost? People lost sight of the true risks of gambling due to the simplicity of digital transactions. Not only will you lose money right away, but you'll also become involved in the unstable world of cryptocurrency! Why did these folks jump in with both feet into a world they hardly knew? Did they pause to consider the possible repercussions of merging the unpredictable realm of crypto with the uncertain world of gambling?

Gambling is now a common game.  So now almost most of the people in the age group of 15-50 are addicted to gambling. Especially the youth are deeply addicted to it.  All gamblers are losing money gambling and the gambling industry is taking in billions of dollars.  The gambling industry is so addictive that people who are addicted to gambling lose control over themselves. So it can be said that the gambling industry is very big now. on the other hand, Gamblers are completely destitute

Though, it is also worth noticing that with the popularity of the online casinos and gambling services on our computers and smartphones, the situation with the taxes can be tricky, specially in developing countries like mine. For example, with traditional brick and mortar casinos is easier for the governments to track and tax those establishments, because obvious reasons.

However, online casinos only have to be registered in specific jurisdictions and pay taxes to the governments of the countries where they are based in. A person from South America could gamble on an online casino based in the United Kingdom and the casino would just pay taxes to the UK, not for the South American countries. It is another of the benefits of online casinos, from the point of view of the owners and staff. The gather money from all around the world and pay taxes to few entities.