Despite the very try that global inflation has affected the price of many things around the world, some are very pronounced while others may be silent on this, but the general economic atmosphere has exhibited a lot of stress out from inflation in the price of basic goods, and lottery tickets are not spared in the negative impact, while some companies may not increase the price, there have also decrease values, e.g some lottery companies in my country have not increased the price of the lottery tickets, but they have reduced the total amount in rewards for winners compared to what those jackpot winners used to receive before.
But then casino operators have their term template for how they want to run their sites and for sure if there is any increase which is above %100 it then means that the lottery company is already going way above the current inflation ratio.
Topic: Inflation and crypto gambling - page 3. (Read 320 times)
I wonder if this is something that is happening in other countries also.
Perhaps crypto casinos have also slowly been raising their minimum bets without us noticing that much? What do you think?
So far, it didnt changed up or simply it is really just that the same. Im much aware about the ticket cost 10 years ago which it is really just that sticking on $0.2 here in our countryPerhaps crypto casinos have also slowly been raising their minimum bets without us noticing that much? What do you think?
and even up to now it is really just that the same. We dont know on the actual reason behind about those sudden increase of ticket prices but for sure there's a specific reason for that
which it might be leading out or in talks about taxation or something in related. Im not really that good when it comes to these aspects but speaking sensibly or common sense
then it is really that correlated into those possible things that we are thinking about.
Inflation is an interesting phenomenon
The purchasing power of money is measured by basic goods usually though the CPI but the real value of money affects society in ways that are far reaching even beyond consumer goods.
On the one hand, gambling providers have higher costs due to inflation forcing them to pay more for certain goods and services they need.
On the other hand, with inflation causing more money to flow around, if would probably mean that more money than before ends up towards gambling companies.
Though my years I have on very rare occasions seen gambling companies take steps to act according to inflation because usually for them it's probably balanced out on its own.
But now I noticed something interesting. In my country Greece, the most popular and most participated lottery, which is also a legal monopoly, recently raised its ticket price to 1€, which is effectively a 100% increase from the previous minimum 1 ticket price of 0.5€.
I wonder if this is something that is happening in other countries also.
Perhaps crypto casinos have also slowly been raising their minimum bets without us noticing that much? What do you think?
The purchasing power of money is measured by basic goods usually though the CPI but the real value of money affects society in ways that are far reaching even beyond consumer goods.
On the one hand, gambling providers have higher costs due to inflation forcing them to pay more for certain goods and services they need.
On the other hand, with inflation causing more money to flow around, if would probably mean that more money than before ends up towards gambling companies.
Though my years I have on very rare occasions seen gambling companies take steps to act according to inflation because usually for them it's probably balanced out on its own.
But now I noticed something interesting. In my country Greece, the most popular and most participated lottery, which is also a legal monopoly, recently raised its ticket price to 1€, which is effectively a 100% increase from the previous minimum 1 ticket price of 0.5€.
I wonder if this is something that is happening in other countries also.
Perhaps crypto casinos have also slowly been raising their minimum bets without us noticing that much? What do you think?
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