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

[robelneo]

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's a multi-billion dollar industry, probably the highest you just have to look on the president of the United States and how much he's worth, and his wealth is just a tip on the iceberg on the so many billionaires around the world, here in our country our government-run our casinos and they contributed a lot to our coffer and we are only talking about gambling casinos.

[Ryker1]

[snip]

It's a multi-billion dollar industry, probably the highest you just have to look on the president of the United States and how much he's worth, and his wealth is just a tip on the iceberg on the so many billionaires around the world, here in our country our government-run our casinos and they contributed a lot to our coffer and we are only talking about gambling casinos.

Well, that is countless if you will generalize all or the entire market. The fiat and the crypto usage of gambling were kept increasing until now.
It is really sure that this gambling sector was helping and contribute to the market to grow. In online gambling, this will boost the Bitcoin price and there are hundreds or thousands gamblers every day keep using Bitcoin. Indeed, the percentage that I estimating is about 30%.
As a matter of fact, online gamblings are more productive in generating profit than the offline casino.

[Oceat]

Gambling industry around the world may be bigger than any other businesses that we know already plus you include the cryptocurrency based gambling—it's a multi-billion-dollar industry. I think having like a gambling casinos in your country will help to boost their economy as long as there are tourist visitors in your country.

[dunfida]

Gambling industry around the world may be bigger than any other businesses that we know already plus you include the cryptocurrency based gambling—it's a multi-billion-dollar industry. I think having like a gambling casinos in your country will help to boost their economy as long as there are tourist visitors in your country.

Its indeed a big industry and we already saw it on traditional fiat gambling sites which do indeed help the economy of a certain country which do regulate or allow it
but there are places which do prohibits gambling but most or majority of them do allow it yet they do know the benefits on allowing these businesses when it comes to
taxation where we know that it do plays a big role on countries development and we know on how big do these companies or business do have shared on.Its a big
one and there are lots of gamblers throughout the globe.

[kawetsriyanto]

~~I thing the contribution of gambling industry is about 60%~~

How do you know it is about 60%? Do you have a certain way to count it? Personally, I don't know how many percentages. We need to take research or a little survey to know the valid number of percentages.

~~my experience it seem many gambler right now is interested and increase even more day by day.~~

I'm not really sure that we have more gamblers currently. But it is clear that we have more gambling sites day after day. We can see it from the raising of gambling promotion in this forum. Anyway, I think we need a chart or special data related to gambling, so people will be easy to know the statistics.

[TimeTeller]

~~I thing the contribution of gambling industry is about 60%~~

How do you know it is about 60%? Do you have a certain way to count it? Personally, I don't know how many percentages. We need to take research or a little survey to know the valid number of percentages.

~~my experience it seem many gambler right now is interested and increase even more day by day.~~

I'm not really sure that we have more gamblers currently. But it is clear that we have more gambling sites day after day. We can see it from the raising of gambling promotion in this forum. Anyway, I think we need a chart or special data related to gambling, so people will be easy to know the statistics.

For crypto gambling, I think it is hard to evaluate how much is the real figure as there are a lot of them that don't have license.
And also, are they really disclosing their actual earnings. It is easy not to give the real numbers if you are in online gambling.
Offline casinos have problem with that already, how much more in online gambling?
So I think no one can really determine the exact percentages here, but definitely online gambling is growing everyday.

[fortunecrypto]

For crypto gambling, I think it is hard to evaluate how much is the real figure as there are a lot of them that don't have license.
And also, are they really disclosing their actual earnings. It is easy not to give the real numbers if you are in online gambling.
Offline casinos have problem with that already, how much more in online gambling?
So I think no one can really determine the exact percentages here, but definitely online gambling is growing everyday.

Online Crypto gambling is the new gambling casinos, because it carters to everybody and they have a very wide reached compared to gambling casinos, and both have a huge market and a very huge revenues, it's one of the billion dollar industry that keeps making a profit day in day out.

[maydna]

It is difficult if we want to say about the percentage because we don't know for sure. But we can say that the gambling industry gives a big contribution to introduce cryptocurrency to people out there. We know that people like to playing gambling, and when they know the crypto gambling industry from many advertisements, they will be curious and want to know how to use cryptocurrency.

It is a trigger for the crypto to be known in public, and many people are trying to learn about crypto. I am sure after they know about gambling, they are curious about what the crypto can give to them, and that can attract them to learn deeper inside the crypto.

[Best Dreams]

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.

The gambling industry is evergreen and there are so many people who aspire to join this in order to have great money in a short time with little efforts. In those countries where it is legal, I believe it contributes to almost 40% to 50% to the economy. People shall join it but not with the greed for making large money in a short time.

[bering]

I'm not sure at what percentages for this because there is no exact data to prove it but maybe it was approximately less than 50% but admitted or not online gambling industry indirectly has been introduce cryptocurrency to some people although their crypto assets only used for gambling but it slightly influence the entire market although not significant and not impossible someday for the people will change their habit from crypto gamblers became an crypto users or bag holders for crypto

[CryptopreneurBrainboss]

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.

In my opinion, it's the other way round. Since payout are been made in cryptocurrency and the gamblers most definitely will want to cashout to fiat which automatically means they'll have to sell their cryptocurrency in the market which affect the market in regards to price movement of coin. It means they (the gambling site) could be assume to have a negative effect on the market.

On the order hand if more gamblers are picking interest then they're definitely contributing positively. It all depends on how effective they're, since they provide a utility purpose for most cryptocurrency that ordinary won't have had any use except been tradable.

[Ucy]

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.

Not sure it's up to 60%, unless you are including cryptocurrency trading as part of gambling. The biggest contributors is most likely trading... lot of big money flow to that area. I believe when crypto is properly decentralized, lots of other things will add to the contribution. Contributions from typical/risky gambling would be less than others of things are handled properly within decentralized communities.

[Bohxz M4p4gm4h4l25]

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.

This wasn't surprising because almost all of the people are intersted in gambling, who doesn't want an instant profit in just betting? As we can see the projects that become successful in this forum are almost about gambling, this is because it has a big network of people that are interested to it unlike those campaigns about agriculture etc. With this we can conclude that gambling industry can bring a lot of people in the market resulting to mass adoption.

[shoreno]

 contribution in what means ? there are many kinds of contribution like tax  , contribution for people to have an entertainment  and to have a profit , and many more  . so we should be specific for that  .

for the tax ,  i dont think that most online operated gambling sites have thier contribution but what im most aware is only the offline operated ones   .  the ones that those have permits and proper licenses   .  however i dont think that this contribute to the adoption    .

[Ailurophile]

Contribution for the crypto industry and adaptation?
If it is about those two then for my guess about 30-40 percent.
Because other than trading and investment it is one of the biggest reason why people comes to crypto.

[mirakal]

Contribution for the crypto industry and adaptation?
If it is about those two then for my guess about 30-40 percent.
Because other than trading and investment it is one of the biggest reason why people comes to crypto.

When bitcoin was still cheap, people are coming here to gamble and we've see before about dice sites becoming popular with huge bets of BTC.
It's a growing crypto industry I guess, that is compose different people with different interest and although there's no figure on how big the gambling industries contribution to crypto or vice versa, it can e assume that it's sure a big one.

[South Park]

It is difficult to tell what it is the contribution of the gambling industry to this market, I really think that at the beginning gambling was one of the reasons why bitcoin became popular since it allowed you to gamble without the need to go through KYC policies and you could gamble and withdraw your earnings almost immediately, however it is clear that since those times speculating with cryptocurrencies has taken the front seat and the gambling industry is not as influential as it was years ago.

[Meowth05]

I think the contribution of the gambling industry is more on the tax. I can't think a lot but the other one would be that gambling industry offers more jobs for people, you don't need degree to work at the casino. If we are talking about the whole gambling industry then these two that I mentioned would be applicable but I don't know much about the online gambling industry. I hope they too are paying taxes cause that helps a lot in order to keep the society functioning.

[justdimin]

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 must be really big enough to actually pay for all of that campaigns, I mean they do signature campaigns and competitions and other stuff and even have giveaways as well. So, I doubt it was actually that little to begin with. Even from the start when satoshidice was created there was a big number of gambling going on, after that it just got bigger and bigger.

Right now, only exchange business sector must be definitely higher but I doubt there is anything aside from exchanges that are bigger than gambling. These are strictly crypto related stuff basically, exchanges are for cryptos and gambling is basically making it discreet for everyone who doesn't live in a legal zone. So, basically it is the second biggest sector in all of crypto if you ask me but I do not have data that could back that up.

[TheGreatPython]

Actually I would say the gambling industry contributes close to 50% of the market distribution because there are massive giants in market now be it primedice for dice gambling or be it sportsbet that claims to accepts single bets of 100 btc which tells how massive the market has become now. I don't think there is any crypto market as big as gambling apart from maybe altcoins which contributes a lot too but in my opinion gambling market is just too massive!

I would love to have a total wager amount combined all currently running dice websites alone and it would be huge I guess. I wish there was some tool to know which section of crypto holds how much market share right now.