Do you have an idea in percentage how big gambling industry's contribution?

[Questat]

As what the thread title says, I like to know based on your opinion how big the contribution of the gambling industry to the entire market.
I have been a gambler for awhile now and I believe that with the contribution of our industry, it will only make the market stronger in the long run, and it's one of the reason why adoption is happening at a very good rate IMO.

[tbterryboy]

In entire crypto market? At least on this forum, we are having more number of gambling campaigns against any other services. But, that does not guarantee that people are converting their fiats for gambling purposes or new people are entering into crypto space for the reason of gambling.

Do you have any track of a famous gambling house started accepting crypto payments in recent times? I mean if we see any such thing then we can assume houses are trying to expand their business by covering crypto people.

In my observation, I do see big number of gamblers online in most gambling sites compared what I have seen some 2 years back. It means more people are gambling than the past years. Also, I have read on this forum that many people had entered into this forum after realizing the benefits of gambling with cryptos like after many bitter experiences with fiat based gambling. It means gambling helps people to adopt cryptos for its own reasons.

[sheenshane]

BIG ENOUGH that the gambling industry could clean the dirtiest money in the whole world. Imagine how do they contribute with the oligarchs? They are the ones who play the laundry game. Whales of the cryptocurrencies are relying on these gambling platforms to clean their cryptocurrencies. That's the truth. So Gambling companies are very vital to our industry.

As of now, we wouldn't feel the benefits of gambling. But the time when we will need to clean our crypto due to taxes or crime, Gambling platforms are the ones to connect with. If only churches could adopt cryptocurrencies, it would dominate the laundry business and gambling platforms will be kicked-out. IMO

[Mumbeeptind1963]

In entire crypto market? At least on this forum, we are having more number of gambling campaigns against any other services. But, that does not guarantee that people are converting their fiats for gambling purposes or new people are entering into crypto space for the reason of gambling.

Do you have any track of a famous gambling house started accepting crypto payments in recent times? I mean if we see any such thing then we can assume houses are trying to expand their business by covering crypto people.

In my observation, I do see big number of gamblers online in most gambling sites compared what I have seen some 2 years back. It means more people are gambling than the past years. Also, I have read on this forum that many people had entered into this forum after realizing the benefits of gambling with cryptos like after many bitter experiences with fiat based gambling. It means gambling helps people to adopt cryptos for its own reasons.

In my own perception, I thing the contribution of gambling industry is about 60% because based on my experience it seem many gambler right now is interested and increase even more day by day. Also many players want to enter in gambling world because they want to take the opportunity to win and get earn.

[deisik]

As what the thread title says, I like to know based on your opinion how big the contribution of the gambling industry to the entire market.
I have been a gambler for awhile now and I believe that with the contribution of our industry, it will only make the market stronger in the long run, and it's one of the reason why adoption is happening at a very good rate IMO

It is hard to tell, but the impact must be significant

With that said, we have at least one example where the contribution of the gambling industry is overwhelming. I think it can be reasonably claimed that most of Dogecoin's market value (read, price) comes due to its being a coin of choice for online gambling. In other words, if there was no online crypto gambling or Dogecoin wasn't that popular in this industry, it would likely have already kicked the bucket and joined the plethora of now-defunct shitcoins. EOS and Tron seem to be the second best candidates whose price and popularity come about mostly through gambling

[batang_bitcoin]

I don't know what's the percentage or how much it rakes and it contributes to the entire crypto market. But what I'm sure of is that it's one of the biggest contributions that the market has ever had. A lot of whale gamblers are into cryptocurrency because they can't be tracked and they can easily gamble offshore without even detecting by their government. I think if someone dedicates his time looking for some valid source, we'll check it out.

[kryptqnick]

As what the thread title says, I like to know based on your opinion how big the contribution of the gambling industry to the entire market.
I have been a gambler for awhile now and I believe that with the contribution of our industry, it will only make the market stronger in the long run, and it's one of the reason why adoption is happening at a very good rate IMO.

Like tbterryboy, I am not sure I understand which market you mean. It could be about the percentage of people who use cryptos primarily for gambling, or the profits on the gambling industry in the world compared with some world economy figures... And is contribution about profits, prices, users or something else? I've found some data on gambling (including online gambling, although it's obviously not necessarily and probably mainly not crypto gambling) on this website but perhaps you meant something very different. Then I've seen articles on how cryptos have changed gambling, but, interestingly, not vice versa... I do believe, however, that crypto gambling is one of the main use cases of cryptocurrencies nowadays.

[swogerino]

I think gambling is the strongest industry behind crypto right now followed by the red lights industry.I think many of the people watching premium porn or gambling don’t like their family to find out in credit cards statement for example and that’s why they will choose crypto for such transactions.This is known to the market but to make that extra step in crypto we need a few industries to join these too.

[Danslip]

After the adult industry, the crypto gambling platform is used for hiding the identity and using the offered services freely. The intention should be clear for everyone and the total contribution percentage increase every day for this reason. Even the traditional gambling sites offer a crypto payment oslutions for the gambling banned couintires and I have faced with the issues for the mentioned reason.

[Twinkledoe]

I don't know what's the percentage or how much it rakes and it contributes to the entire crypto market. But what I'm sure of is that it's one of the biggest contributions that the market has ever had. A lot of whale gamblers are into cryptocurrency because they can't be tracked and they can easily gamble offshore without even detecting by their government. I think if someone dedicates his time looking for some valid source, we'll check it out.

That is actually the major advantage of using crypto in the gambling industry. Most of the online casinos are not requiring KYC so many gamblers are now going into online crypto casinos. But honestly, I don't have idea what percentage are we contributing right now. For crypto gambling, I think it is hard to determine if online casinos are not giving their figures.

But will give a link about global gambling statistics -

https://www.casino.org/gambling-statistics/

[batang_bitcoin]

I don't know what's the percentage or how much it rakes and it contributes to the entire crypto market. But what I'm sure of is that it's one of the biggest contributions that the market has ever had. A lot of whale gamblers are into cryptocurrency because they can't be tracked and they can easily gamble offshore without even detecting by their government. I think if someone dedicates his time looking for some valid source, we'll check it out.

That is actually the major advantage of using crypto in the gambling industry. Most of the online casinos are not requiring KYC so many gamblers are now going into online crypto casinos. But honestly, I don't have idea what percentage are we contributing right now. For crypto gambling, I think it is hard to determine if online casinos are not giving their figures.

But will give a link about global gambling statistics -

https://www.casino.org/gambling-statistics/

They will only require you to pass KYC if you have been found a red flag with your account violating their terms of agreement.
Base on that stats, Macau made $38-B in 2018. This is a country that has a big portion of profit coming from gambling so we have an idea that's being applied for only one country, how much more for the crypto gambling community as a whole?

[virasog]

As what the thread title says, I like to know based on your opinion how big the contribution of the gambling industry to the entire market.
I have been a gambler for awhile now and I believe that with the contribution of our industry, it will only make the market stronger in the long run, and it's one of the reason why adoption is happening at a very good rate IMO.

Gambling industry contribution to which market or economy ? Your question is a bit confusing. I do not think gambling contribute to the growth of the economy but most of the gambling casino are not registered and in places where gambling is prohibited, you will never pay taxes on the gambling returns. However, crypto has played a major role in making gambling business popular.

[Wexnident]

uhm contribution? I'm pretty sure gambling just takes advantage of the medium or existence of BTC/cryptocurrency as a way to invite more gamblers to play in their sites and the likes. Still, it isn't like the adoption of crypto to gambling had 0 effect on the market. It'd be more like a mutual cooperation between the two, where usage of Crypto widens the accepted users of the gambling industry, and the existence of crypto itself is spread through the various casinos/gambling sites made for them.

Still, if we were to compare it to contribution made to the attention BTC has, it would be less than 30%, maybe even lower. Vast majority of the attention BTC has was obtained through the market boom of 2017, as well as its usage of a decentralized system. The concept of it being used in gambling is nothing more but an additional feature imo.

[mirakal]

If i get it right what you meant, I think maybe 20% .. that's just a rough estimate and I could be wrong.
The thing is, we don't have an information and I had never read any article estimating how big gambling industry's contribution to the whole big crypto market.

The manipulators might do their thing making price looks very good or bad but I am pretty sure gamblers would not care that much.
they need crypto to gamble, that's it and they'll cash out when they need it to.

[MWesterweele]

uhm contribution? I'm pretty sure gambling just takes advantage of the medium or existence of BTC/cryptocurrency as a way to invite more gamblers to play in their sites and the likes. Still, it isn't like the adoption of crypto to gambling had 0 effect on the market. It'd be more like a mutual cooperation between the two, where usage of Crypto widens the accepted users of the gambling industry, and the existence of crypto itself is spread through the various casinos/gambling sites made for them.

Still, if we were to compare it to contribution made to the attention BTC has, it would be less than 30%, maybe even lower. Vast majority of the attention BTC has was obtained through the market boom of 2017, as well as its usage of a decentralized system. The concept of it being used in gambling is nothing more but an additional feature imo.

I think the percent of gambling contribution is about 50% maybe because it has crypto involve. But if no crypto involve then its percentage is less than 30% because most of player want to win big, also they will choose to gamble in actual than gambling online if no crypto include. Also I think gambling has a big contribution to all gambler with or without involving of crypto but because of some counter not allow to gamble and illegal im some country it is still can have operation in privately.

[bitcoin31]

If you are talking about the crypto market gambling is really helpful to increase the value of the coins because online gambling sites are accepting different coins such as bitcoin , ethereum and many more and the player buy those coins to play to the gambling sites that are accepting crypto coins. I believ it is very helpful gambling sites to grow our market .

[Nadziratel]

Cryptoccurencies is a great fit for gambling. But we have to think about which one is mutually beneficial to the other. You know that gambling and betting are not legal in some countries. Therefore, in these countries, people are directing to this market. But contributing is something different. To make a contribution, it is necessary not only to use it, but also to make it available to others. To contribute, it is necessary to work a little, to benefit.
Just think, what if everyone in the world tweeted just by writing #Bitcoin someday?

[alexsandria]

As what the thread title says, I like to know based on your opinion how big the contribution of the gambling industry to the entire market.
I have been a gambler for awhile now and I believe that with the contribution of our industry, it will only make the market stronger in the long run, and it's one of the reason why adoption is happening at a very good rate IMO.

I don't have any idea on how big a gambling industry can contribute on the market but maybe I can say an approximate value on how many percent the gambling industry is contributing on the market and I think it is around 50%-60% in which there are so many people who is gambling everywhere and I think it is the main reason why it should be around on that high percentage because of the number of gamblers that are also contributing a lot of money and experience to the market and I can say that it is also a way of adoption because those gamblers are eventually will be able to adopt cryptocurrency as well.

[serjent05]

Gambling industry contributes a lot to the cryptocurrency market.  Gambling Casinos were one of the pioneers that adopt cryptocurrency in their system.  Pretty much we can say that it is one of the foundations of the cryptocurrency industry ever since.

[DoublerHunter]

Those comments above asking what market did you mean that contributed to the gambling industry. Let us assume that you are talking about the crypto market. And that was definitely right, online gambling industry has a good impact on the crypto market price because it will generate Bitcoin transactions and other cryptocurrencies accepted. Nevertheless, the reason why there are too many gambling platforms keeps coming because they know that online gambling business is really good to generate profit.