Topic: How Big is the online gambling industry today? - page 8. (Read 2967 times)

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.

And with yesterday's pandemic, the gambling industry could grow more rapidly because people couldn't go anywhere and had to stay home for safety. And lucky for them because there is still an internet connection that can help them find out the situation happening in many countries. And while they were looking for information about the state of affairs in those cities, they saw more and more online gambling advertisements, and at one point, they saw a crypto casino and started to get curious. From this curiosity, they then try to visit it and deposit a different amount of money than what they usually use. From there, they started to know crypto and use it for gambling.

Online gambling is a billion dollar industry. Even the country that doesn't have the perfect regulatory compliance makes billion dollar revenue. This is the reason we were able to see countries that doesn't ban gambling completely.

The increasing online penetration and the increasing usage of smartphones leads to the rise in the demand of online gambling against the traditional gambling service that were used by very specific category of people.

The healthy part is the growth of the gaming industry. There is good growth in the gaming industry which keeps people away from gambling. The growth of online gambling is experienced high during the COVID lockdown and the same is getting continued. Maybe if such thing hadn't happened we might've not experienced this level of growth.

What the emerging technology we will expect that there are more updates and upgrades that will happen to this business, like what you
mentioned, way back before, the access is limited and you need to have that connection before you can play.

But now, all you need to have is a device that can connect you to the internet and everything
is an easy access to play your favorite game.

Simple as it is and what more the future will offer, we never know but expect more easy access
gambling activities.

It is true that gambling had a stigma attached to it and this is why back then casinos were establishments that you could only find on the bad part of town and you needed to even know a secret code to be allowed entry, however this has changed during the last decades and the pandemic gave a huge boost to the gambling industry as people were bored to death on their homes, still I think that with new technologies like the metaverse gambling will become even more popular than what we can imagine.

The industry keeps getting bigger and bigger since more places now accept gambling.

I am sure for one thing,the only ones who will be enjoying profits in the future are the ones who will keep the RTP (otherwise known as the casino house edge / return to player is just a bullshit advertisement to make people play) the lower the possible.You may say that they won't profit much but it is here where most people are wrong,as long as the casino is making profit and is letting also people playing longer and winning a bit more than in other casinos then this means they will get a huge user base,even people disgruntled with other well known casinos will migrate to such platforms and only these ones will continue to exist.

Yes, in fact online casinos now with many in the world are very competitive, the advances are evident and a lot can be expected from it, of course we can always focus on the best things they can offer, play on the phone, pc Wherever it is one of the things that we have as facilities, some of the app lovers also have them, all this to be more competitive, the online casino business will always be profitable, there are many things, from their contests, from their bonuses and everything associated with it, it is good to keep in mind that the most famous casinos are the ones that most comply with their players.

Now, as I said, casinos have always had a lot of competition, because there are many that have been created, and of course, there are many casinos that are more famous than others, most of them are more famous because they are old and that is something obvious. , not only because of age, I think that we as players should see that the best casinos are the ones that give us the most confidence, that we can deposit with the peace of mind that the casino will not steal those funds, that they respect our style of play and that they always support us when we have a rpobelma, the support of each casino is the image of the casino , therefore , they should Always give us a quick solution to what we are looking for, I have seen that the best casinos have support that gives an almost immediate solution and also there is the competition, in offering the best for the players.

As a player I always pay attention to something very clear in casinos, first of all it is trustworthy, safe when making a deposit and especially withdrawing money, if Ann has a thread on bitcointalk.org it is much better for me because Trust is reviewed and I am very confident in it, on the other hand the best high-level casinos are here, stake.co, bitcasino.io , sportsbet.io , Roobet, duelbits, among others that are Highly trusted and are not received complaints about scams or something, well there will Always be trolls who do or try to tarnish your good work , but that doesn't Matter.

Many online gambling site was their as compared to the offline gambling,but online gambling was more popular now compared to the offline gambling.The revenue from the online gambling was ten times of the revenue from the offline gambling.So people prepare of the online gambling as compared to the offline gambling.The most of the online gambling had their mobile application for the usage of the gamblers world wide.The online gambling help the gamblers to get their quick withdrawal as compared offline gambling and this made the online gambling more popular.

Online gambling platform is very big and even bigger than the physical casino halls. And the competition is very high in online. Now that almost all the Android phones and desktops/laptops can be used to browse and play games online, everyone one is using this technology to gamble and if they manage to visit the physical casino center it is to print out their slips and other minor things they might not do it in their phones. Online betting make things easier for gamblers to enjoy.

Things are not the same as they were a few years ago, the gambling industry has become incredibly competitive and if anyone wants to have long term success then they need to be ready to invest a massive amount of money, creating the casino is the easiest part as you can control exactly how you want the casino to be, however the most difficult part and the most expensive one as well will be the marketing campaign designed to promote the casino, and if the campaign cannot run for long then the chances the casino will succeed are very low.

Gambling is growing bigger day by day because many people have the hope of winning big from gambling. Many of them end up having problems with gambling, especially gambling addiction which is a major problem for people who don't stop gambling. They should be able to be responsible with themselves and their money while playing gambling because if not, they will only experience defeat, and the money can run out.

And yes, technological advancements have really helped the gambling industry, especially online gambling, where people can access online casinos from anywhere. This makes people think they can get a lot of money from gambling, so they continue to gamble.

Agree. It even managed to occupy the mainstream media. There are now a lot of gambling advertisements, websites and applications that people can choose from based on their preferences. Gambling has been widespread nowadays and it's because a lot of people are patronizing it, making it grow even bigger each day. We can't really blame people for gambling as long as they are doing it responsibly and without sacrificing their priorities and obligations in life.

Because of technological advancement and innovation, gambling industry developed rapidly and steadily over the years. Although there are still many misconceptions about gambling and it still has a negative connotation, but it's evident that people are becoming more open-minded and logical thinkers nowadays.

It is difficult for newly established casinos to get the market space they want and it is exactly why they run their ads first.From the new ones though I rarely see a good ongoing promotion to last long and this for the simple reason that well established casinos offer more things in terms of bonuses and promotions that they get the new customers from the expanding online gambling industry,the new casinos either should run very aggressive promotions in their beginning in order to get some players either they die like most of them do but yes the online gambling industry is ever expanding and continues to expand further from day to day.

With the internet everywhere, people can access gambling sites using multiple devices. And with the presence of crypto in crypto casinos also makes it easy for people so they don't have to deposit money using their bank account. This allows the gambling industry to grow more rapidly than in previous years. And the number of people entering the gambling industry is increasing because they see the many gambling advertisements on social media. This is what makes many people interested in playing gambling so that many casinos can get an increase in the number of members and also an increase in their income.

Alot of energy have been utilized with everything falling back to places. This time around, gambling has been simplified; access to online gambling features is only available to individuals who own personal technologically advanced gadgets. Gambling is becoming more and more common. It is now legal and simple to bet on games. With prior advancements, internet casinos and sports betting have significantly lowered the burden of gamblers; they can now sit at home comfortably and play games online using their cellphones, Macbooks, or laptops.

The ease of access is one of the biggest reasons why the online gambling industry has grown this much, otherwise, a few years ago, people were not interested in online gambling as much as they are today, and that is because people got into online gambling platforms when covid-19 hit the world and people were quarantined in their houses, so because they couldn't go to land-based casinos, they started using online platforms and that was the beginning of the growth.

Since then, the industry has grown exponentially, and it is projected to grow even more in the future because more and more people are getting in for the ride by sitting in the comfort of their homes and gambling while having fun in front of their laptops or computers while drinking and eating snacks.

This is a very good example, and yeah, with the growth of online casinos or gambling, it has really reduced the stress of having to go from one betting shop to another. It's even old-school to go to a casino shop just to place your bet, while you can just sit at home, relaxing, or even in your office, to book your game and also stake at once. Although sometimes I still step out with a few friends to gamble and just catch some good moments with friends, that doesn't mean I can't do my gambling while in my house.

The evidence of the gambling growth is felt all over. There is hardly any country that the youth are not online gambling. That is the new internet revolution and developers have taken the opportunity to build games that are very attractive in different forms. Moreover here in the forum, most of the ads are mostly on gambling and casinos. New accounts are opened just to run an ads on new casinos even whether it is genuine or not but they publish there sites because they know that is new market space.

Aside all that you have said, i think another significant benefit of online casino to the gambling company itself and the gamblers is the officeless model, at least, this saves the casino time as well as the resources required for building physical casinos and office spaces all over the town, and again is that those properties where the physical casino building would have stood will be used to build another business..

Gamblers don't have to travels miles away to play on their favorite casino, imagine there was no online gambling and i love and want to play on Stake, I will have to travel all the way from Nigeria to Canada just to get a chance to play on my favorite casino Stake, but with everything online, i can easily play on Stake without having to leave my couch, how convenient.