how big?

[Vaculin]

Exec Embezzles $22M From ‘Influencer’ Marketing Firm, Spends Nearly Half on Crypto Gambling




I know this is an old article but I'm just surprised that crypto casinos is this big already.

The article says one person has lose maybe at least $10 million in a casino from a poker game, I mean, how big we are already? I'm just amazed.


Can we just discuss the market size not the gambling addiction or anything related to that?

[1715527607]

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[chaser15]

I know this is an old article but I'm just surprised that crypto casinos is this big already.

The article says one person has lose maybe at least $10 million in a casino from a poker game, I mean, how big we are already? I'm just amazed.

Can we just discuss the market size not the gambling addiction or anything related to that?

What do you mean by discussing the market size? Do you mean the total money circulated in the crypto-gambling industry today?

That $10M loss is just a small amount when we look at the whole.

Reading the article, if my understanding is correct, it looks like he just funded his crypto accounts then convert it to cash but he is actually playing in fiat casinos.

[stadus]

That $10M loss is just a small amount when we look at the whole.

This was not viewed as a whole, that was probably just a basis to determine how big the market is already.
I was also searching online to have an idea on how big crypto casinos market already, but I didn't see any exact figure, maybe one of the reasons is that crypto casinos are not all regulated or the government does not consider them yet as one of the biggest contributor in terms of taxes.


I've seen this 2017 article only, but these are wagered only, but if you are good in accounting, maybe it can give us an idea.

Bitcoin Gamblers Have Wagered $4.5 Billion in BTC Since 2014


probably the figure has already doubled or increase more than that.

[Lanatsa]

That $10M loss is just a small amount when we look at the whole.

~

Gambling industry is so big and vast thats why i dont really believe much into those numbers to be precise and im expecting for it to be much more bigger.
If that statistics based of on last 2 years then pretty sure that it is way more bigger now and to think that do excludes crypto gambling industry which i do also
believe that having that humongous amount we are talking on.

[alani123]

Wow this case is so blatant. Apparently he was trusted with managing client funds, and he went on to buy in to poker tournaments and build a career as a poker pro with other people's money...
It's true that there are many reputable sites that will take crypto funds for gambling without any questions asked. It's one of the niches in the market of crypto gambling anyway.

One such site is bustabit (ex. moneypot). They allow bets just with anonymous registration. You can look at the site's leaderboard and see how much each player has won/lost. Currently the biggest loser is PredictableLegacy with 1,278.1505535 BTC lost over 1,397 bets. Currently their max bet is 111.51 BTC, which is over 10 million USD in a single bet! And just-dice still allows for max profit with a value above 3 million USD. So it's definitely easy to bet ridiculously large amounts on crypto gambling sites. You can look at https://dicesites.com for an approximation of how many wagers there have been in dice websites. Of course that's not the entirety of the market, but it's quite obvious that crypto gambling is not a small market.

[Baofeng]

Can we just discuss the market size not the gambling addiction or anything related to that?

Online gambling is a billion dollar industry as well, (fiat/crypto).

https://www.statista.com/statistics/270728/market-volume-of-online-gaming-worldwide/

It's in the tune of $40-$50 billion, so that's a huge amount of money, of course it is still dwarfed as you compare it to land base casinos, but still online gaming is really getting popular and there are predictions that it can swell to double figures in the next 5 years.

[AmoreJaz]

That $10M loss is just a small amount when we look at the whole.

~

Gambling industry is so big and vast thats why i dont really believe much into those numbers to be precise and im expecting for it to be much more bigger.
If that statistics based of on last 2 years then pretty sure that it is way more bigger now and to think that do excludes crypto gambling industry which i do also
believe that having that humongous amount we are talking on.

and the problem is, we have no way of tracking these crypto online casinos because their figures are not available. especially those unlicensed casinos. but yes, it is already huge. consider freebitco alone. operating for so many years. that's one casino only. how much more if we added the popular ones here in the forum running for number of years.

[stadus]

That $10M loss is just a small amount when we look at the whole.

~

Gambling industry is so big and vast thats why i dont really believe much into those numbers to be precise and im expecting for it to be much more bigger.
If that statistics based of on last 2 years then pretty sure that it is way more bigger now and to think that do excludes crypto gambling industry which i do also
believe that having that humongous amount we are talking on.

and the problem is, we have no way of tracking these crypto online casinos because their figures are not available. especially those unlicensed casinos. but yes, it is already huge. consider freebitco alone. operating for so many years. that's one casino only. how much more if we added the popular ones here in the forum running for number of years.

So we can assume that they are already a billion dollar industry, and they are rising fast since their less regulation in making casinos in crypto that's why we are also seeing some casinos which just popped up and they are gone.

I think you are right with freebitco.in, it's already big and if we combined them with casinos listed in the forum, I believe they would already total in at least billion of dollars in revenue?

[seleme]

I am also aware of the how fast the crypto casinos grow. It was first Primedice, Stake now Roobet, the total turnovers are more than what I have thought. I was curious about the competitions on the "games and rounds" board and decided to check one. The Yolodice has announced new low number hunt competitions a week ago with 20 ETH prize pool plus the 50% profit of casino. At the end of contest, the total prize pool has climbed to 64 ETH...

[mirakal]

I am also aware of the how fast the crypto casinos grow. It was first Primedice, Stake now Roobet, the total turnovers are more than what I have thought. I was curious about the competitions on the "games and rounds" board and decided to check one. The Yolodice has announced new low number hunt competitions a week ago with 20 ETH prize pool plus the 50% profit of casino. At the end of contest, the total prize pool has climbed to 64 ETH...

Huge amount indeed.

Actually what made crypto casinos successful is due to the volume of gamblers, unlike in fiat casinos, they require a big minimum and transaction is costly.
In crypto, let's say you have $10, you can already enjoy and imagine how many small time gamblers they would attract with that.

so no doubt that crypto casinos will continue to grow and I also believe they already hit at least a billion dollar industry now.

[STT]

Monetary expansion I would relate that too, the value stated in crypto is not on a 1:1 ratio with FIAT exactly.   Advertising is one of the first places to observe monetary velocity because it relates to prospective business and the desire and capacity to raise sales with production.   Before crypto came along people used to say the whole internet online economy was funded by advertising revenue, without that it would be devoid of money for running sites pretty much, we have more then that today as well as crypto itself as its own defined value exchange.   If you want to withdraw all your wealth from crypto back to FIAT, there are charges and delays to doing so most of the time which means the two values have different dynamics.  I personally prefer to just keep the crypto value within this economy and not be swapping it back and forth, a gambler will use money for crypto gambling and just use their FIAT for paying the bills.   Hence I think the crypto could be seen as more expendable, this gambler hoped to risk the original amount gain 100% and place back the amount he took without anyone noticing or complaining.  Unfortunately he lost and its now a big fraud but the size of advertising bill is believable.
   I have four figure sums just for in game items that I can hold or sell, in theory I can swap them to a crypto value or even FIAT but doing so is not a perfect process.  In the end I just hold them and wait for the market to develop, holding any value can be a kind of gamble because the market for crypto, for various assets and even for plain cash can decline.  

[UmerIdrees]

That $10M loss is just a small amount when we look at the whole.

~

Gambling industry is so big and vast thats why i dont really believe much into those numbers to be precise and im expecting for it to be much more bigger.
If that statistics based of on last 2 years then pretty sure that it is way more bigger now and to think that do excludes crypto gambling industry which i do also
believe that having that humongous amount we are talking on.

The gambling industry has grown very fast after the introduction of bitcoin in the market. Those who never thought of gambling came into this field only after the introduction of crypto currencies. It's hard to imagine how big is this industry and it will continue to grow in the coming years.

[TravelMug]

I am also aware of the how fast the crypto casinos grow. It was first Primedice, Stake now Roobet, the total turnovers are more than what I have thought. I was curious about the competitions on the "games and rounds" board and decided to check one. The Yolodice has announced new low number hunt competitions a week ago with 20 ETH prize pool plus the 50% profit of casino. At the end of contest, the total prize pool has climbed to 64 ETH...

Crypto base casino are really taking the gambling world into the next level. A lot of competitions and there might be a few unheard casinos as well that is thriving that we are not aware of. Familiar names and new are just popping up everywhere trying to get a piece of this billion dollar industry.

So I will not surprised if we hit a numbers similar to fiat base casinos as more gamblers find it easy to really just play crypto more at the comfort of their homes.

[LogitechMouse]

~

If you will compare that size of money that has been used for gambling to the total amount of money that is being gambled, that is just a tip of the iceberg. That is relatively small since we know already that there are many gamblers worldwide.

Also now that we are in a pandemic, more gamblers will gamble online since they can't go out to play in a casino. Maybe right now they are playing poker online . Even we are facing a pandemic, many gamblers are still gambling for some reasons.

[Genemind]

The gambling industry is huge, that is why it plays a big role in the economy as a whole. Just imagine the amount of money that gets in and out not just in a land-based casino, also in online gambling. The government gets a huge amount of tax from the casino, and not to mention casinos also serve as a tourist destination or spot.

As time goes by casinos will grow bigger and I guess that includes online gambling since the pandemic had somehow restricted physical contact.

[shoreno]

 i didnt read this before so dont mind the date if its old or not  but its already a comon sense that gambling market are huge   . everyone knows that   .

before there is a huge money floating around a traditional casino's but now that there are cryptos  , this adds another money on the gambling space   . never saw someone betting 10m usd before in fiat form but i see many whales betting over 30 btc on 1 game  .  

[maydna]

One person can lose so much money because he doesn't use big money in just one day or one week, but he uses small money, and he uses another money to gamble. If we calculate how much bigger the money that we use, yes, we can be amazed because that money can be used for buying something. And $10 million in a casino is not big, but for one person, that can be a big number. Gambling industry is a big industry which accumulating big money that has been used by the gamblers, and that number still growing every month.

[Wexnident]

The overall growth of the gambling industry totals to around ~$440 billion last 2018. If you were to take into account just online gambling, it'd come close to around ~$50 billion. That's already pretty huge, considering the time that online gambling has been around, and the dominance of physical casinos in the past. It's also expected for gambling to grow to close to ~$550 billion in the year 2022.

It isn't really that questionable as to why the industry has grown so big already. Gambling has been around for centuries, and it has only grown more since compared to back then. The gambling industry is literally the industry that revolves around money. Not to mention the ones that are addicted to gambling, even rich people that have no idea where to spend their money can just willy nilly gamble around and have fun. Their expenses are pretty much similar to a single drop in an ocean.
Source:
https://www.businesswire.com/news/home/20190606005537/en/Global-Gambling-Market-Reach-565-Billion-2022

One person can lose so much money because he doesn't use big money in just one day or one week, but he uses small money, and he uses another money to gamble. If we calculate how much bigger the money that we use, yes, we can be amazed because that money can be used for buying something. And $10 million in a casino is not big, but for one person, that can be a big number. Gambling industry is a big industry which accumulating big money that has been used by the gamblers, and that number still growing every month.

And that's why gambling is scary. Let's say that you enter the casino every day, but you limit your spendings to $5. It may seem small, but with time, that amount would only grow bigger and bigger. A week, and you would've spent $35, a month, and its $140. a year and its what, ~$1700?

[Darker45]

We are talking of mere millions here. So that's basically a small percentage as far as the entire crypto gambling industry is concerned.

Consider this article "Bitcoin Gamblers Have Wagered $4.5 Billion in BTC Since 2014" written in 2017. This was around 3 years ago and it already talked about Bitcoin gambling reaching as high as $4.5 Billion.

We are not yet even counting the wagers done in ETH, DOGE, LTC, XRP, and so on. As a matter of fact, on the Tron Blockchain alone and within 2019 only, it is being revealed that around $2.8 Billion are transactions related to gambling.^[1]

That is how huge the crypto gambling industry is. And still fast growing.

[1] https://medium.com/@LunarCRUSH/the-billion-dollar-industry-cryptos-been-waiting-for-48be2ae2c4cd

[maydna]

The overall growth of the gambling industry totals to around ~$440 billion last 2018. If you were to take into account just online gambling, it'd come close to around ~$50 billion. That's already pretty huge, considering the time that online gambling has been around, and the dominance of physical casinos in the past. It's also expected for gambling to grow to close to ~$550 billion in the year 2022.

That number will grow from time to time, and no one will imagine how big the gambling industry will grow. When young people become adult people and they attract to gambling games, that will make the number will increase so big. That is why the gambling industry can still survive, whether it's offline gambling or online gambling because the number of people who come to the gambling games will always increase.

One person can lose so much money because he doesn't use big money in just one day or one week, but he uses small money, and he uses another money to gamble. If we calculate how much bigger the money that we use, yes, we can be amazed because that money can be used for buying something. And $10 million in a casino is not big, but for one person, that can be a big number. Gambling industry is a big industry which accumulating big money that has been used by the gamblers, and that number still growing every month.

And that's why gambling is scary. Let's say that you enter the casino every day, but you limit your spendings to $5. It may seem small, but with time, that amount would only grow bigger and bigger. A week, and you would've spent $35, a month, and its $140. a year and its what, ~$1700?

Spending $5 but every day that means a lot of money in a month. Yes, you have the right calculation. No wonder that many people regret when they see how much money they use in a year. It's not a big deal for them if they don't calculate or don't think about the money they will spend, but still, that is big money for some people.

[adamistraybar]

yep its billions of dollars.  its even more now because coronovirus and all casinos were down for weeks if not monts, Also just look at bets for some of tese csainos

[slapper]

The online gambling industry is kinda huge right now. People have already developed online gambling for decades and since the cryptocurrency was created, many parts of this market move to crypto gambling. As you can see, we have like a thousand of gambling site in this forum, also there are many other platforms which accept cryptocurrency as a form of payment

Cryptocurrency provides us a technique to mostly become anonymous while playing gamble. It also faster, more convenient, and effective than other kinds of gambling which is strictly controlled by the laws and rules of one's country. Even though I know that the gambling industry is big, I am still shocking after hearing this guy used more than 10$ million in order to play crypto gambling. With all of my respect, our crypto gambling market will continue to grow and expand

[iv4n]

The online gambling industry is kinda huge right now. People have already developed online gambling for decades and since the cryptocurrency was created, many parts of this market move to crypto gambling. As you can see, we have like a thousand of gambling site in this forum, also there are many other platforms which accept cryptocurrency as a form of payment

Cryptocurrency provides us a technique to mostly become anonymous while playing gamble. It also faster, more convenient, and effective than other kinds of gambling which is strictly controlled by the laws and rules of one's country. Even though I know that the gambling industry is big, I am still shocking after hearing this guy used more than 10$ million in order to play crypto gambling. With all of my respect, our crypto gambling market will continue to grow and expand

The guy embezzled millions from his former employer, it's easy to gamble with that money, probably he knew they will catch him eventually, so he wanted to have as much fun as he can! Last night I watched Castle (crime comedy TV serial) and there was a guy who took some bag with 75k, he went straight to Atlantic City, and when they got to him he said: "The best 3 days of my life"! It's not the same when you gamble with your hard-earned money, and when you gamble with money you stole!
And yes, crypto gambling is growing, and that progress is visible for us who gamble here for years. Anonymity and easy access are two main factors why crypto gambling will continue to grow!

[Shasha80]

Unfortunately until now there is no valid data related to the circulated of money in crypto casinos, it must be very large. In the bitcointalk
forum, only gambling signature campaigns dare to pay with Bitcoin. This is proof that the crypto casinos market is very large, and I'm not
surprised someone has lost up to $ 10 million. Maybe this happens because the number of gamblers addiction is increasing.

[Reatim]

Exec Embezzles $22M From ‘Influencer’ Marketing Firm, Spends Nearly Half on Crypto Gambling




I know this is an old article but I'm just surprised that crypto casinos is this big already.

The article says one person has lose maybe at least $10 million in a casino from a poker game, I mean, how big we are already? I'm just amazed.


Can we just discuss the market size not the gambling addiction or anything related to that?

From what i understand crypto gambling cannot be accounted so how can we talk about the size of gambling in this market when we have no place to get data?there are so many gamblers around the world that i believe enjoying Crypto casino but we can't just ask them how much they won or lose right?

and like what the first poster says as my understanding,the Man is playing in Fiat not in cryptocurrency,he just funded the account to continue playing.

But if each gambling sites will let people know how much money circulate inside their platform?then maybe we can evaluate each amount and tallied everything for the records.

[mersal]

Exec Embezzles $22M From ‘Influencer’ Marketing Firm, Spends Nearly Half on Crypto Gambling




I know this is an old article but I'm just surprised that crypto casinos is this big already.

The article says one person has lose maybe at least $10 million in a casino from a poker game, I mean, how big we are already? I'm just amazed.


Can we just discuss the market size not the gambling addiction or anything related to that?

Gambling industry is one of the place where huge amount of money is getting circulated, millions of money given as rewards for lottery winners everyday which means the lottery owner should be making in billions.It is not possible to calculate how much money is circulating all around the world related to gambling.

[Assface16678]

This is not new because today when we are on the pandemic outbreak we have a bad experience and some of the casinos are already close and still not want to open yet because they want to avoid getting infected on the people and also they just need to protect their place having a temporary closure is better than having a permanent close on your business that can ruin your entire life of making more money.

Today most of the people are want to play gambling but the problem is the casino is close despite this many people are still want to make more money and enjoy those game like in gambling so now most of the people today are playing online because this is the same but the difference is there is no ambiance came from the casino and you can make easier and relax on it.

[imstillthebest]

Gambling industry is one of the place where huge amount of money is getting circulated, millions of money given as rewards for lottery winners everyday which means the lottery owner should be making in billions.It is not possible to calculate how much money is circulating all around the world related to gambling.

no not everyday but the reward depends on the platform and on the players playing   .  for lottery prize pool resets after every win so you cant say that there are millions on it all the time .  most lottery are also government based and the total earning wont go on them but on the government  , million prize are going to the winners too not on the operator  . there are illegal gambling too and thier income is hidden so its not possible to calculate all money here in gambling  .

[Vaculin]

Exec Embezzles $22M From ‘Influencer’ Marketing Firm, Spends Nearly Half on Crypto Gambling




I know this is an old article but I'm just surprised that crypto casinos is this big already.

The article says one person has lose maybe at least $10 million in a casino from a poker game, I mean, how big we are already? I'm just amazed.


Can we just discuss the market size not the gambling addiction or anything related to that?

From what i understand crypto gambling cannot be accounted so how can we talk about the size of gambling in this market when we have no place to get data?there are so many gamblers around the world that i believe enjoying Crypto casino but we can't just ask them how much they won or lose right?

We can only get an estimate, not the exact figure and asking the gamblers will take time and it's impossible to get a close data, the best provider of data are the gambling sites if they are willing to divulge how much they make.

And I think I already found some good answers above, they said it's billions which I agree with.

[swogerino]

Crypto casinos are really big.They have paid out some multi million dollars jackpots already so it is only natural that people in this zone will continue to grow in number of players and this is also translated into more money poured into it.You should not be amazed right now as Bitcoin is around since January 2009.

[bisdak40]

Gambling industry is one of the place where huge amount of money is getting circulated, millions of money given as rewards for lottery winners everyday which means the lottery owner should be making in billions.It is not possible to calculate how much money is circulating all around the world related to gambling.

It's not a secret that gambling is a big industry and for some countries it's one of the biggest tax contributor. For sure crypto gambling casinos generate tons of money as profit since more people are lured to gamble in their sites as they have the luxury of gambling in their own homes while remain anonymous. I even think that online crypto casinos is the biggest driver of the use of cryptocurrency as without them, usage of crypto is limited. 

[Kong Hey Pakboy]

Crypto casinos are really getting big and popular all over the world because there are also more people who get into cryptocurrencies everyday, and most of them are gamblers, that is why crypto casinos has a massive numbers of players and millions of dollars circulated in their casino.

[blockman]

It's not about how big we are but it's about how people can go that far due to gambling addiction.
We have read several news like this in the past that they have used others money for them to gamble and it's not just about hundreds of bucks, not thousands of dollars but can go that far up millions of dollars.

[Ucy]

Haven't gone through the article yet but am wondering if spending/losses happened on a single day, or multiple days/months/years?   And does the article also factor in the deflationary nature of the cryptocurrency or token the player was betting with? An equivalent of 0.01 btc bet 6years ago would be worth more  now.

 Addiction is definitely a reason one would be reckless with money. It can be really bad if you are addicted to bad/unsafe things.

[Shimmiry]

~

I don't think the recent replies in this thread have read the real article. Because in fact, the article states that a man steals from a company just for his gambling addiction, and not losing in gambling in general. It's just funny that they kept replying without further reading the articles indicated in the OP lol.


IMO, the addiction that led to a crime the man committed was common as many gamblers, online or land-based, were doing everything just to fulfill their gambling satisfaction, yet the guy went too far by stealing a company's assets and linking them onto his accounts just for gambling purposes. And yes, it was a huge loss not only to the man but also to the company he stole those funds from, nearly $10M. But the article didn't indicated that he loss, he just funded approximately $8M for his gambling accounts.

[peter0425]

We can only get an estimate, not the exact figure and asking the gamblers will take time and it's impossible to get a close data, the best provider of data are the gambling sites if they are willing to divulge how much they make.

things that for sure impossible from gambling site to share,but yeah we can estimate but still nothing concrete.

And I think I already found some good answers above, they said it's billions which I agree with.

Some can say Billion while others trillion but as what you said we can only estimate so still you can agree in one while others will oppose.

[Natalim]

Some can say Billion while others trillion but as what you said we can only estimate so still you can agree in one while others will oppose.

It could be billion but it can't be trillion because crypto casinos cannot be bigger than the popular fiat online casinos and sportsbook .

here's some figure on online gambling market in US alone, we can use this as a reference as per report, USA had the biggest market.



[source] https://www.grandviewresearch.com/industry-analysis/online-gambling-market

[btc78]

~

I don't think the recent replies in this thread have read the real article. Because in fact, the article states that a man steals from a company just for his gambling addiction, and not losing in gambling in general. It's just funny that they kept replying without further reading the articles indicated in the OP lol.

hahaha,Maybe because the Title and the Post signifies about the losing and not about from what the story is all about.

I almost follow the replies when i read your post and checked the link 

Actually that same story has been topic recently in this gambling section but maybe this thread comes from different approach.

Spending companies Money is really not a good sign of being gambler.

[mersal]

Gambling industry is one of the place where huge amount of money is getting circulated, millions of money given as rewards for lottery winners everyday which means the lottery owner should be making in billions.It is not possible to calculate how much money is circulating all around the world related to gambling.

no not everyday but the reward depends on the platform and on the players playing   .  for lottery prize pool resets after every win so you cant say that there are millions on it all the time .  most lottery are also government based and the total earning wont go on them but on the government  , million prize are going to the winners too not on the operator  . there are illegal gambling too and thier income is hidden so its not possible to calculate all money here in gambling  .

There are some places in the world where gambling is the only business they do which means where we can find lot of lotteries.Million dollar prize lottery depends on which lottery and the bet amount, yes we have to pay a big chunk as a form of tax for every rewards while casinos also have to pay the taxes based on the regulation which still remains one of the big part to play in their economy.

[Pamadar]

Haven't gone through the article yet but am wondering if spending/losses happened on a single day, or multiple days/months/years?   And does the article also factor in the deflationary nature of the cryptocurrency or token the player was betting with? An equivalent of 0.01 btc bet 6years ago would be worth more  now.

 Addiction is definitely a reason one would be reckless with money. It can be really bad if you are addicted to bad/unsafe things.

Volatilities also affects the actual amount of value  where crypto casinos might already have. But the factor that really
hint is the popularities of the house, this venue of gambling already have a lots of
gamblers who spend money and since there are numbers of gambler when summing
it up it will turned to a huge value.

[FlightyPouch]

Right now, I am scared to gamble $1K, and he did place almost $8.5M in his cryptocurrency betting. That is just surprising and a bit sad since that is a lot of money. Though he did that for some years based on the article so maybe he's putting $1M to $2M a year? Still, that is just surprising.

In terms of how big, I guess this answers it.

[source] https://www.grandviewresearch.com/industry-analysis/online-gambling-market

[cryptomaniac_xxx]

~

[..]

But if you read what the OP has said,

"Can we just discuss the market size not the gambling addiction or anything related to that?"

He is asking our opinion about the market size of crypto related gambling that's why members reply with that in mind, with data and with their opinion. Crypto related online gambling has move and really grow in the last 5-9 years already. And this numbers are not going to stop anytime soon even if we are in the pandemic or not. There will be always be gamblers around, suckered into a world wherein it's really hard to get out, specially if you become addicted.

[Sadlife]

There's no way to tell actually because there are no data available that analyze Crypto users and it's quite impossible to speculate the numbers due to Blockchain's decentralized nature.
I guess if an organization conducts an online survey i guess we could have an rough estimate.

[plvbob0070]

We may not exactly know the market size but definitely, online gambling is earning a lot. Just like in a physical casino, they pay a huge amount of taxes because they are earning a lot. So it's kinda same with online casinos. If a single person can actually spend such a huge amount, what more for hundreds or thousands of players they have. Since there's still anonymity, some crypto gamblers are not afraid to spend tons of money on gambling, especially if the money they are using is not actually their own money.

It's just shocking how that person used his knowledge to fake transactions and transfer money in his personal account. With that huge money, it's obvious how he will get caught.

[kryptqnick]

That $10M loss is just a small amount when we look at the whole.

I've seen this 2017 article only, but these are wagered only, but if you are good in accounting, maybe it can give us an idea.

Bitcoin Gamblers Have Wagered $4.5 Billion in BTC Since 2014


probably the figure has already doubled or increase more than that.

While it sounds like a lot of money (just like a story about someone losing 11 million dollars in poker that impressed the op), it's important to compare data with that of other casinos to see the real picture. For instance, it's estimated that 6 billion dollars were wagered on Super Bowl alone in 2019, according to this website. Moreover, around 150 billion dollars is wagered on sports in the US illegally every year, if we can trust this estimation. In that case, as of 2017, crypto casinos had a tiny market share, unbelievably tiny. However, perhaps the $4 billion estimation is far from reality. And, in any case, I'm sure that the market has grown significantly over the last three years.

[yazher]

We haven't added the underground bet which is we know they are not playing around down there. if they are not operating illegally, we can somehow find a source that will lead us to know how much they spend on one bet down there. I'm sure we can also count some millions of dollars and maybe much more than that. I don't know how they gonna set-up their own gambling station but I know there is something going on there which normal people don't know.

[Shimmiry]

~
hahaha,Maybe because the Title and the Post signifies about the losing and not about from what the story is all about.

LOL that's why I don't also see the correlation of the main thread and the main article as well. The OP should only make a new yet cliche topic than to link some article yet talk about different things. It just makes no sense at all.

We haven't added the underground bet which is we know they are not playing around down there. if they are not operating illegally, we can somehow find a source that will lead us to know how much they spend on one bet down there. I'm sure we can also count some millions of dollars and maybe much more than that. I don't know how they gonna set-up their own gambling station but I know there is something going on there which normal people don't know.

Can you list some online "underground bet"-ting platform? We talk about not the general gambling, but rather focuses on the big loss on crypto gambling alone. And I don't had any idea if there was still an underground betting sites that uses crypto. There could be online casinos that are decentralized and unregistered to its country of origin but most of it were either a prototype (because of the failure on investments) or were endorsed in the forum or any crypto related forums. Therefore, most online casinos starts with making its platform popular, hence there's no importance on making it hidden (unless there would be bets that were not only cryptos)

[spike420211]

When it comes to poker, there have always been high stakes in this game. I would be surprised if he lost 11 million in slots or dice, but poker is pretty common.
Of course, the amount is large, but take a look at the top poker players, tournaments and cash. A lot of money is spinning there, millions of dollars.

There is always a lot of money spinning around world poker serials both in tournaments and in cash games, this is an example of offline.
An example of online pokerstars with their millionaire tournaments.It would be to find out what kind of games that guy played, I’m sure it could not do without omaha.

[Emitdama]

Gambling industry is so big and vast thats why i dont really believe much into those numbers to be precise and im expecting for it to be much more bigger.
If that statistics based of on last 2 years then pretty sure that it is way more bigger now and to think that do excludes crypto gambling industry which i do also
believe that having that humongous amount we are talking on.

The gambling industry has grown very fast after the introduction of bitcoin in the market. Those who never thought of gambling came into this field only after the introduction of crypto currencies. It's hard to imagine how big is this industry and it will continue to grow in the coming years.

That's right and that is how the industry is so big right now because there are no legal norms involved and someone can bet any amount they want and withdraw it instantly without any KYC or anything else needed.

the market size is nearly impossible to calculate because there are people who bet enormous and even hide their names so you don't know if the same guy is making those bets or these are 2 different people making those bets.

All I can think is that when a casino allows up to 5 BTC winnings in a single bet (stake.com for instance) than the market is ginormous and beyond the limits one can imagine and there is absolutely no way to measure or even get an idea about the size of the industry.

[Ryker1]

Well, as I understand on OP posted was stated a single person who has been lost a huge amount from gambling. But how about on general losses of all gamblers in different aspect of games. Perhaps I have doubt that it is from the betting game because there was wide games and event all over the world that perhaps people can place their bet online from certain bookmakers. Indeed, --this will be a countless amount and I think the government will also be benefited from this due to the fact that the most registered and licensed gambling casino online or land-based was paying their tax.

[Mahanton]

Gambling industry is so big and vast thats why i dont really believe much into those numbers to be precise and im expecting for it to be much more bigger.
If that statistics based of on last 2 years then pretty sure that it is way more bigger now and to think that do excludes crypto gambling industry which i do also
believe that having that humongous amount we are talking on.

The gambling industry has grown very fast after the introduction of bitcoin in the market. Those who never thought of gambling came into this field only after the introduction of crypto currencies. It's hard to imagine how big is this industry and it will continue to grow in the coming years.

That's right and that is how the industry is so big right now because there are no legal norms involved and someone can bet any amount they want and withdraw it instantly without any KYC or anything else needed.

the market size is nearly impossible to calculate because there are people who bet enormous and even hide their names so you don't know if the same guy is making those bets or these are 2 different people making those bets.

All I can think is that when a casino allows up to 5 BTC winnings in a single bet (stake.com for instance) than the market is ginormous and beyond the limits one can imagine and there is absolutely no way to measure or even get an idea about the size of the industry.

We can really only see the small portion and the thing you had said was right that there are instances that overall bets cant really be tallied or listed due to anonymity.
This doesnt country on typical gambling sites that we know thats why i do agree into this one but surely it is a very big one but we dont have the exact numbers
but we know that this is growing day by day.

[travwill]

Well, as I understand on OP posted was stated a single person who has been lost a huge amount from gambling. But how about on general losses of all gamblers in different aspect of games. Perhaps I have doubt that it is from the betting game because there was wide games and event all over the world that perhaps people can place their bet online from certain bookmakers. Indeed, --this will be a countless amount and I think the government will also be benefited from this due to the fact that the most registered and licensed gambling casino online or land-based was paying their tax.

I think that we are not the most record loss. In the world there are a lot of very rich people who love to bet, I'm sure their spending is not commensurate.
But you're right, I would like to look at the total income of all casinos not including the sale of alcohol and other goods. Exactly what the players brought them.

[Vaculin]

I would like to look at the total income of all casinos not including the sale of alcohol and other goods.

Of course because I was only asking on the total size of the market for crypto online casinos, and gamblers can't buy goods when they are playing online.
Figure that is based on wins less loses on their part only, no other factors included.

[Lordhermes]

People weren't thought that crypto gambling would go a long way as it is now, many set up of big companies chooses casino,poker as a means of easy placing of bets with crypto currencies. Loosing money on a daily basis by gamblers gradually determining how big the crypto gambling platform is now. So in future the value you mentioned above would be nothing compare to the ones in future.

[justdimin]

I am also aware of the how fast the crypto casinos grow. It was first Primedice, Stake now Roobet, the total turnovers are more than what I have thought. I was curious about the competitions on the "games and rounds" board and decided to check one. The Yolodice has announced new low number hunt competitions a week ago with 20 ETH prize pool plus the 50% profit of casino. At the end of contest, the total prize pool has climbed to 64 ETH...

Yeah, the casino in your signature is pretty huge in itself and the forum is actually dominated by signature campaigns that are being dominated by our sweet casinos and sportsbooks industry which is amazing.

I don't think there is a realistic way to measure the gambling market but I would imagine every 10 transactions that happen in the bitcoin blockchain, at least 4 or 5 of them are related to gambling or similar services. The number of transactions have reduced because the casinos have their own wallet system so you don't have to make a transaction as you make every bet, like directbet used to operate on that model earlier.

[Oilacris]

I am also aware of the how fast the crypto casinos grow. It was first Primedice, Stake now Roobet, the total turnovers are more than what I have thought. I was curious about the competitions on the "games and rounds" board and decided to check one. The Yolodice has announced new low number hunt competitions a week ago with 20 ETH prize pool plus the 50% profit of casino. At the end of contest, the total prize pool has climbed to 64 ETH...

Yeah, the casino in your signature is pretty huge in itself and the forum is actually dominated by signature campaigns that are being dominated by our sweet casinos and sportsbooks industry which is amazing.

I don't think there is a realistic way to measure the gambling market but I would imagine every 10 transactions that happen in the bitcoin blockchain, at least 4 or 5 of them are related to gambling or similar services. The number of transactions have reduced because the casinos have their own wallet system so you don't have to make a transaction as you make every bet, like directbet used to operate on that model earlier.

We cant tally up those numbers precisely but this one is a valid presumption and yes it cant really be counted totally if we do base it up those exclusions.

Measuring it wont really be possible but for sure it is really so big and not just only to those numbers that we are just seeing.

The thing you do said about that wallet system is that this is only possible with blockchain based games not necessarily talks about that deposit/withdrawal thing yet
we cant even point out on which one it do belong.

[cabalism13]

I mean, how big we are already? I'm just amazed.

That $10M loss is just a small amount when we look at the whole.

Just by looking here at the forum, there are already many agambling sites that have appeared and even just counting the users here who actually plays, we surely have a big family in the Gambling Community and with this you'll already know what we're talking about even without counting the RL gamblers who also does play online.

I just saw an the article from the 3rd comment, and from by looking at it it's not something we can't expect. Besides it was way back then, though I'm pretty sure the market by this time is surely on the downside.

[seleme]

I am also aware of the how fast the crypto casinos grow. It was first Primedice, Stake now Roobet, the total turnovers are more than what I have thought. I was curious about the competitions on the "games and rounds" board and decided to check one. The Yolodice has announced new low number hunt competitions a week ago with 20 ETH prize pool plus the 50% profit of casino. At the end of contest, the total prize pool has climbed to 64 ETH...

Crypto base casino are really taking the gambling world into the next level. A lot of competitions and there might be a few unheard casinos as well that is thriving that we are not aware of. Familiar names and new are just popping up everywhere trying to get a piece of this billion dollar industry.

So I will not surprised if we hit a numbers similar to fiat base casinos as more gamblers find it easy to really just play crypto more at the comfort of their homes.

New competitions also have the double sword feature, some smart gamblers can use the promo as a backdoor for the well-managed game strategy. Jumping the bandwagon is the worst side and some users forget about the other side of medallion: Losing the bankroll before reaching the top.

I am also aware of the how fast the crypto casinos grow. It was first Primedice, Stake now Roobet, the total turnovers are more than what I have thought. I was curious about the competitions on the "games and rounds" board and decided to check one. The Yolodice has announced new low number hunt competitions a week ago with 20 ETH prize pool plus the 50% profit of casino. At the end of contest, the total prize pool has climbed to 64 ETH...

Yeah, the casino in your signature is pretty huge in itself and the forum is actually dominated by signature campaigns that are being dominated by our sweet casinos and sportsbooks industry which is amazing.

I don't think there is a realistic way to measure the gambling market but I would imagine every 10 transactions that happen in the bitcoin blockchain, at least 4 or 5 of them are related to gambling or similar services. The number of transactions have reduced because the casinos have their own wallet system so you don't have to make a transaction as you make every bet, like directbet used to operate on that model earlier.

Signature campaigns and new promotions are beneficial for both parties, so it is just a small expense considering the potential gain.

[virasog]

Well, as I understand on OP posted was stated a single person who has been lost a huge amount from gambling. But how about on general losses of all gamblers in different aspect of games. Perhaps I have doubt that it is from the betting game because there was wide games and event all over the world that perhaps people can place their bet online from certain bookmakers. Indeed, --this will be a countless amount and I think the government will also be benefited from this due to the fact that the most registered and licensed gambling casino online or land-based was paying their tax.

I think that we are not the most record loss. In the world there are a lot of very rich people who love to bet, I'm sure their spending is not commensurate.
But you're right, I would like to look at the total income of all casinos not including the sale of alcohol and other goods. Exactly what the players brought them.

One way to tell the income of the legal casino is to look at the tax which they pay. The amount of tax can tell how much income a casino generates and we can combine these value to find the estimate of the total income which casino generates. Casino is one of the most profitable business and if we get this number, it may surprise many of us.

[Russlenat]

Well, as I understand on OP posted was stated a single person who has been lost a huge amount from gambling. But how about on general losses of all gamblers in different aspect of games. Perhaps I have doubt that it is from the betting game because there was wide games and event all over the world that perhaps people can place their bet online from certain bookmakers. Indeed, --this will be a countless amount and I think the government will also be benefited from this due to the fact that the most registered and licensed gambling casino online or land-based was paying their tax.

I think that we are not the most record loss. In the world there are a lot of very rich people who love to bet, I'm sure their spending is not commensurate.
But you're right, I would like to look at the total income of all casinos not including the sale of alcohol and other goods. Exactly what the players brought them.

One way to tell the income of the legal casino is to look at the tax which they pay. The amount of tax can tell how much income a casino generates and we can combine these value to find the estimate of the total income which casino generates. Casino is one of the most profitable business and if we get this number, it may surprise many of us.

But those tax matters are confidential, only the authority can divulge that to the public but I don't think they will give the exact amount, but on the estimate only to sum up with other casinos revenue that are operating in the same industry. For crypto, it's hard to find these figure/s, I'm not saying it's impossible but the government needs to cooperate with other countries in order to get the overall market revenue.

Crypto casinos are different from traditional online casinos where the biggest bettors are coming in the US, crypto casinos are everywhere and can register their business in a certain country where the regulation is not strict, though they accept bettors from different country so that's the reason it's hard to get the real figure or the closest estimate to the real market revenue and capitalization.

[Twinkledoe]

Well, as I understand on OP posted was stated a single person who has been lost a huge amount from gambling. But how about on general losses of all gamblers in different aspect of games. Perhaps I have doubt that it is from the betting game because there was wide games and event all over the world that perhaps people can place their bet online from certain bookmakers. Indeed, --this will be a countless amount and I think the government will also be benefited from this due to the fact that the most registered and licensed gambling casino online or land-based was paying their tax.

I think that we are not the most record loss. In the world there are a lot of very rich people who love to bet, I'm sure their spending is not commensurate.
But you're right, I would like to look at the total income of all casinos not including the sale of alcohol and other goods. Exactly what the players brought them.

One way to tell the income of the legal casino is to look at the tax which they pay. The amount of tax can tell how much income a casino generates and we can combine these value to find the estimate of the total income which casino generates. Casino is one of the most profitable business and if we get this number, it may surprise many of us.

And that number is not available for public. One can only estimate their earnings but the actual figures are hard to get from them. But the amount is already staggering. If you happen to browse the report below regarding market size, though it is not inclusively for crypto but the numbers are already big.

https://www.marketwatch.com/press-release/online-gambling-market-size-report-forecast-2020-2024-business-revenue-opportunities-future-growth-trends-plans-top-key-players-global-analysis-by-share-2020-04-27

[MCobian]

No one can measure what the estimated circulation of money in the world of gambling, which must be huge. Therefore the owner of traditional
casinos have a very large income, imagine one person could lose up to $ 10 million. That's a huge number, and of course some big countries
like America and China legalize casinos because the tax paid casinos are very large. If talking casinos online of course different, unlimited
online casinos users from one country. And also some online casinos choose to be illegal because they don't have to pay tax. Online casinos
income should be greater than traditional casinos if they are promoted correctly.

[iamsheikhadil]

When I read the title of the topic, I thought you were talking about the size of *cough* arms. 

Yeah, crypto casinos are indeed growing very fast and it's only a matter of time before they take over a significant portion of the economy of many countries as well!

I wonder what it would look like if government also gambles with peoples tax money lmfao.

[carlisle1]

Exec Embezzles $22M From ‘Influencer’ Marketing Firm, Spends Nearly Half on Crypto Gambling




I know this is an old article but I'm just surprised that crypto casinos is this big already.

The article says one person has lose maybe at least $10 million in a casino from a poker game, I mean, how big we are already? I'm just amazed.


Can we just discuss the market size not the gambling addiction or anything related to that?

This Link has been tackled here in gambling before right?about an employee that use the companies money just to sustain His gambling addiction>?or i may be wrong also.

I would like to look at the total income of all casinos not including the sale of alcohol and other goods.

Of course because I was only asking on the total size of the market for crypto online casinos, and gamblers can't buy goods when they are playing online.
Figure that is based on wins less loses on their part only, no other factors included.

Well i hope there is an accurate amount on this one because it is really interesting to find out how much money circling in Online gambling specially in crypto related betting.

[Jating]

When I read the title of the topic, I thought you were talking about the size of *cough* arms. 

Yeah, crypto casinos are indeed growing very fast and it's only a matter of time before they take over a significant portion of the economy of many countries as well!

We have seen the crypto casinos is really growing big, we don't need to wait. Billions and billions of money are flowing and I won't be surprise if there are more investors similar to fiat based investors that are willing to pour a lot of money in online casinos because of a good profit in the end.

I wonder what it would look like if government also gambles with peoples tax money lmfao.

I doubt that government will involved themselves, they may take part of the taxes, similar to what they do with fiat based, but i don't know if this idea will sits well with crypto casinos.

[TheUltraElite]

Casino is one of the most profitable business and if we get this number, it may surprise many of us.

Another way to evaluate them is the number of lambos the owners bought.

Honestly the casino business is a profitable one but it has its own downsides too. From a players perspective they dont mean much but they do mean a lot when you become the house.

Although the article is old, people who are addicted gamblers will always play no matter what happens to the world outside, they need their fix for the day. Professional games like poker of course gets a more amount of "ante" than others and thus the casinos do keep a lot of income.

[Russlenat]

I know this is an old article but I'm just surprised that crypto casinos is this big already.

The article says one person has lose maybe at least $10 million in a casino from a poker game, I mean, how big we are already? I'm just amazed.


Can we just discuss the market size not the gambling addiction or anything related to that?

There's already an illegal Vietnam casino where one player lose billion of their local money,

Is this the thread, https://bitcointalk.org/index.php?topic=5252383.0?
If so, well, I don't read that it's coming from one person only.

https://calvinayre.com/2020/05/31/business/vietnam-biggest-ever-online-gambling-bust/

Vietnam’s authorities have busted an unauthorized online gambling ring they claim handled bets worth nearly $3b before the whip came down.

That means the total bets, but the casino that was mentioned was an illegal casino, so it's hard to track their numbers.

we can say that online casinos are really huge but we still do not know of the exact yearly figure, because we have illegal online casinos operating in mainstream web and dark web and not to mention those on Dapps lists.

We need to also determine which are fiat or crypto casinos as OP was obviously asking the site of crypto casinos only, not the online casinos in general.

[traderethereum]

I know this is an old article but I'm just surprised that crypto casinos is this big already.
The article says one person has lose maybe at least $10 million in a casino from a poker game, I mean, how big we are already? I'm just amazed.
Can we just discuss the market size not the gambling addiction or anything related to that?

There's already an illegal Vietnam casino where one player lose billion of their local money, we can say that online casinos are really huge but we still do not know of the exact yearly figure, because we have illegal online casinos operating in mainstream web and dark web and not to mention those on Dapps lists.

I wonder if that player is the richest person in Vietnam because they lose a billion.
But the number will be still a mystery because I don't think that people will say about how much money they already lost in gambling.
If he tells the number, I think other people will not believe, and even if they believe, they will judge that person because he uses too big money just to play gambling.
Or maybe that person has the addicted to gambling, so he doesn't realize that he already uses big money to gamble.
That is why we need to always concern about the money that we will use to gamble.

[peter0425]

There's no way to tell actually because there are no data available that analyze Crypto users and it's quite impossible to speculate the numbers due to Blockchain's decentralized nature.
I guess if an organization conducts an online survey i guess we could have an rough estimate.

There are but pure speculative mate so the thing is there are really no concrete data about the amount being spent in crypto gambling all those year.

and as if the Site will release the true income and expenses of each company if they do then they will be very vulnerable from government checking and explanations.

[Latviand]

There's no way to tell actually because there are no data available that analyze Crypto users and it's quite impossible to speculate the numbers due to Blockchain's decentralized nature.
I guess if an organization conducts an online survey i guess we could have an rough estimate.

They are some crypto casinos that allowed anonymity to its customers so that it is not easy to have a statistic regarding that. But probably, it is huge, the market size of crypto gambling casino is large including those online crypto casinos. Maybe sooner or later we will have a precise and exact statistics regarding that market size that you are talking about.

We all know that gambling industry is well-known even in the old times, but right now, they are getting a lot of customers as gambling becomes a hobby and most probably an addiction.

That estimation that you are talking about will not be done when there's no one who are doing some researched regarding that market size in gambling industry.

[nakamura12]

The exact amount of money circulate in gambling is hard to know the exact amount and that amount of money is just a part of the total money circulates around. Do you know any platform that gathers the data about the money circulates in the casinos. Also some casinos accept both fiat and crypto.

[kotajikikox]

The exact amount of money circulate in gambling is hard to know the exact amount and that amount of money is just a part of the total money circulates around. Do you know any platform that gathers the data about the money circulates in the casinos. Also some casinos accept both fiat and crypto.

Well maybe OP wanted to at least have an estimate about the circulating money/crypto in online sites casinos.
there are some good news about successful gambling sites like Bistler and other promoted site here even Fortune Jack and Yolodice is one of the best and profiting Casino here.
But Logging all the amount inside cannot be possible so yeah lets speculate and assume which and how much are there.

[Becky666]

According to this news site,
The global online gambling market size was valued at USD 53.7 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 11.5% from 2020 to 2027
This amazes me seeing this industry as big as this, it could have be hard for me to believe anyone without reading this, hope to see big boys joining the industry for wider expansion. Also, hope to see the government look away from the industry regard to  taxes. Cryptocurrency global adoption will skyrocket the online gambling casinos because of convenience in play anytime and anywhere with mobile phones.

[tyz]

-snip-
Can we just discuss the market size not the gambling addiction or anything related to that?

If a crypto currency betting provider like Sportsbet.io is the official jersey sponsor of an English Premier League club (FC Watford), this market must be very large already. It certainly costs millions to sign such a sponsorship deal and for this to be worthwhile a lot of money must be earned.

[Nellayar]

Actually, it is already a cent to billionaires. If they don`t have anymore things to be paid or bought, they can gamble it.

It is not anymore for survival, it is only for their entertainment. Many people will probably bash a person who lose that kind of amount. Most of them will tell that if they were the player, they will help to the poor than to gamble it. But who we are to think that? Besides, casino`s have the largest tax paying company. And they gamble their own money. So, for me it normal as long as you gamble your own money.


Imagine, if they won? They probably walked out in casino with millions of dollars.

Look at this, https://www.casino.org/blog/10-richest-poker-players/

They are the people who have luck in poker and made them a millionaire.

[matchi2011]

There's no way to tell actually because there are no data available that analyze Crypto users and it's quite impossible to speculate the numbers due to Blockchain's decentralized nature.
I guess if an organization conducts an online survey i guess we could have an rough estimate.

There are but pure speculative mate so the thing is there are really no concrete data about the amount being spent in crypto gambling all those year.

and as if the Site will release the true income and expenses of each company if they do then they will be very vulnerable from government checking and explanations.

Good point, it's speculative since the business owners needs to keep information to hide away for government obligations.
But for sure this business is really bringing huge value as more and more gamblers prefers to play online especially now
that physical gambling is not open due to this pandemic virus,


Expect more rise from this side of industry people are bored and find this venue to allocate time and  money.

[btc_angela]

There's no way to tell actually because there are no data available that analyze Crypto users and it's quite impossible to speculate the numbers due to Blockchain's decentralized nature.
I guess if an organization conducts an online survey i guess we could have an rough estimate.

There are but pure speculative mate so the thing is there are really no concrete data about the amount being spent in crypto gambling all those year.

and as if the Site will release the true income and expenses of each company if they do then they will be very vulnerable from government checking and explanations.

Good point, it's speculative since the business owners needs to keep information to hide away for government obligations.
But for sure this business is really bringing huge value as more and more gamblers prefers to play online especially now
that physical gambling is not open due to this pandemic virus,


Expect more rise from this side of industry people are bored and find this venue to allocate time and  money.

We can only speculate, but usually we all know that gambler owners or operators are very successful. Yeah we don't know how many Lambos they own on their private garage.  . And with the lockdown, we are sure that their business are booming and bringing more value to them more than ever. I doubt that gamblers here remain on a 'no gambling policy', I have this thought that at least everyone has played or put a bet during this pandemic to get that itch scratch.

[Debonaire217]

Actually, it is already a cent to billionaires. If they don`t have anymore things to be paid or bought, they can gamble it.

It is not anymore for survival, it is only for their entertainment. Many people will probably bash a person who lose that kind of amount. Most of them will tell that if they were the player, they will help to the poor than to gamble it. But who we are to think that? Besides, casino`s have the largest tax paying company. And they gamble their own money. So, for me it normal as long as you gamble your own money.


Imagine, if they won? They probably walked out in casino with millions of dollars.

Look at this, https://www.casino.org/blog/10-richest-poker-players/

They are the people who have luck in poker and made them a millionaire.

It's a matter of risk that they take and we cannot blame them for their decision of betting that huge amount of money and then lost it. Besides, if they win, they can have more money to help others, and it is their decision whether to help others or not. The problem is when gambling casinos doesn't properly pay taxers nor, they run illegal business that has customers betting that huge amount.

Going back, believe it or not, most of the people today especially gamblers, treats cryptocurrency the same way as fiat funds, perhaps, they might enjoy it as they don't need to convert their funds to other currency as they can play already where ever they are with crypto. It's quite a bit complicated if a country is banned by the casino, maybe in crypto, they experience more freedom in gambling.

[wozzek23]

The article says one person has lose maybe at least $10 million in a casino from a poker game, I mean, how big we are already? I'm just amazed.


Can we just discuss the market size

I just want to share on few number where I really got amazed whenever I do check. The first one is freebitco.in; they are into crypto gambling industry for more than 5 years and the amount, they gave away is really massive one. Here are their stats to make you speechless:


Another one is what I come across last week which is a new casino and their stats on wagering amount really made me surprised:
https://bitcointalk.org/index.php?topic=5199911.msg53024378#msg53024378
Look into the date when this casino was announced here and the total amounts in bet. There must be at least house edge as sure shot profits which may sum in millions.

Windice is another new casino which is achieving 10 million bets consistently for every 10 to 15 days. By considering its age on this crypto gambling industry and its competition against primedice and bitsler, I am really wondering on the market size of this crypto gambling space.

[TheUltraElite]

Good point, it's speculative since the business owners needs to keep information to hide away for government obligations.

They do operate legally. Point is they they would not "hide info" that would become illegal and the authorities would crack down on them. What they do is find loopholes in the system and honestly the governments make systems such that loopholes exist because they also want casinos to operate and generate the revenue taxation. But then why governments make these rules to make it seem that they are not allowing gambling? It is only to appease the people that they are strict and stopping vices. Thats the two sides of the coin.

But for sure this business is really bringing huge value as more and more gamblers prefers to play online especially now that physical gambling is not open due to this pandemic virus,

Actually the gamblers dont care about pandemic or so. They need to ease their desire to play and thus would do whatever is needed to roll the dice or spin the slots.

Expect more rise from this side of industry people are bored and find this venue to allocate time and  money.

People run out of money too because many have lost their jobs already.

[spike420211]

People weren't thought that crypto gambling would go a long way as it is now, many set up of big companies chooses casino,poker as a means of easy placing of bets with crypto currencies. Loosing money on a daily basis by gamblers gradually determining how big the crypto gambling platform is now. So in future the value you mentioned above would be nothing compare to the ones in future.

All the meanings that we have now will probably seem ridiculous in the future, because humanity is growing and the economy is growing with it. Compare 10 years ago across all industries today.
Even a comparison with the current quarantine and pandemic times, these figures will be significantly higher than before. If things like viruses and wars do not hold us back, our growth will be frantic.

The only question is how much we need it.
The race of consumption is depleting the planet and individual countries on the verge of poverty. We are not trying to feed the whole planet using technology, but we are trying to make more money on anything.

[Mauser]

The article says one person has lose maybe at least $10 million in a casino from a poker game, I mean, how big we are already? I'm just amazed.


Can we just discuss the market size

I just want to share on few number where I really got amazed whenever I do check. The first one is freebitco.in; they are into crypto gambling industry for more than 5 years and the amount, they gave away is really massive one. Here are their stats to make you speechless:


Another one is what I come across last week which is a new casino and their stats on wagering amount really made me surprised:
https://bitcointalk.org/index.php?topic=5199911.msg53024378#msg53024378
Look into the date when this casino was announced here and the total amounts in bet. There must be at least house edge as sure shot profits which may sum in millions.

Windice is another new casino which is achieving 10 million bets consistently for every 10 to 15 days. By considering its age on this crypto gambling industry and its competition against primedice and bitsler, I am really wondering on the market size of this crypto gambling space.

215k BTC in 5 years is a crazy number. So assuming that the casino mainly used bitcoins lost by other gamblers - a loss of $10m doesn't seem so bit anymore as others must have lost many more millions on that site. But then again it's just an aggregate over a long period of time. I would assume that most people just gamble for a few hundred bucks.

[South Park]

Exec Embezzles $22M From ‘Influencer’ Marketing Firm, Spends Nearly Half on Crypto Gambling


snip

I know this is an old article but I'm just surprised that crypto casinos is this big already.

The article says one person has lose maybe at least $10 million in a casino from a poker game, I mean, how big we are already? I'm just amazed.


Can we just discuss the market size not the gambling addiction or anything related to that?

The market is huge, however we do not really have a realistic idea of how big it is, after all the market cap that you see in websites like CMC is not really accurate, however gambling and cryptocurrencies are a perfect combination since with cryptocurrencies you can gamble as much as you want without anyone else but yourself knowing this information, this is important as there are many countries in which even if gambling is legal it is still frown upon by society in general and this gives gamblers the privacy they need.

[Mahanton]

The article says one person has lose maybe at least $10 million in a casino from a poker game, I mean, how big we are already? I'm just amazed.


Can we just discuss the market size

I just want to share on few number where I really got amazed whenever I do check. The first one is freebitco.in; they are into crypto gambling industry for more than 5 years and the amount, they gave away is really massive one. Here are their stats to make you speechless:


Another one is what I come across last week which is a new casino and their stats on wagering amount really made me surprised:
https://bitcointalk.org/index.php?topic=5199911.msg53024378#msg53024378
Look into the date when this casino was announced here and the total amounts in bet. There must be at least house edge as sure shot profits which may sum in millions.

Windice is another new casino which is achieving 10 million bets consistently for every 10 to 15 days. By considering its age on this crypto gambling industry and its competition against primedice and bitsler, I am really wondering on the market size of this crypto gambling space.

215k BTC in 5 years is a crazy number. So assuming that the casino mainly used bitcoins lost by other gamblers - a loss of $10m doesn't seem so bit anymore as others must have lost many more millions on that site. But then again it's just an aggregate over a long period of time. I would assume that most people just gamble for a few hundred bucks.

First, Freebitco isnt only 5 years on existence if you do base up on the date that they had created their ANN so it would really be more than just that.
215k BTC win in that duration is attainable and this is indeed enourmous but for this having kind of popularity then its no surprise. We cant judge if people are just only gambling for a few hundred bucks
yet everything can really be random.If you do try to look on what overall wagered number then you can already picture it out.

[FontSeli]

The exact amount of money circulate in gambling is hard to know the exact amount and that amount of money is just a part of the total money circulates around. Do you know any platform that gathers the data about the money circulates in the casinos. Also some casinos accept both fiat and crypto.

It is impossible to collect General statistics even among legal casinos and online casinos. This is due to the fact that not all of them want to disclose statistics on the amount of money lost by players and the amount of money won at the casino. In addition, there are also underground casinos. They are available in many countries around the world, and they are also available on the Internet. No one will ever know their statistics.

[Finestream]

The exact amount of money circulate in gambling is hard to know the exact amount and that amount of money is just a part of the total money circulates around. Do you know any platform that gathers the data about the money circulates in the casinos. Also some casinos accept both fiat and crypto.

It is impossible to collect General statistics even among legal casinos and online casinos. This is due to the fact that not all of them want to disclose statistics on the amount of money lost by players and the amount of money won at the casino. In addition, there are also underground casinos. They are available in many countries around the world, and they are also available on the Internet. No one will ever know their statistics.

The information posted by wozzek23 above is already useful, at least that's the lease information we can get as the sites are sharing it publicly, however, it would still not give how much they really make as total wagers does not mean total amount casinos earned.

but this one is really interesting .

we can subtract and get how much the site has made based on the current rate.

rounded off. (BTC)

         416,141 - total wagered
less : 214-861 -Won by users.

total: 201280, based on the current rate, (http://preev.com/)

[dunfida]

         416,141 - total wagered
less : 214-861 -Won by users.

total: 201280, based on the current rate, (http://preev.com/)

201280 wagered doesnt mean that thats the total amount that they had generated in terms of profits and this is where you do consider on calculating the house edge.
When it  comes to true statistics on how much these casinos been earning then this one is mostly on the private part excluding to those who do show off numbers
but we cant still ensure that those are real-time ones or excluding out some part of it. We wouldnt able to know behind.

[STT]

They give back some of their profits obviously with the free giveaway and other offers to double up bets etc.   Every company does this but they got a good margin to start with it appears.    The point about any really long term casino is the BTC price was much lower for many years, even if it peaked it still fell back into the hundreds so plenty of people did bet large amounts of BTC because it wouldnt represent a large loss.

for more than 5 years

  They were operating when BTC was $100 I think so maybe even I would be a whale if my bets from that era were counted now.

[Finestream]

         416,141 - total wagered
less : 214-861 -Won by users.

total: 201280, based on the current rate, (http://preev.com/)

201280 wagered doesnt mean that thats the total amount that they had generated in terms of profits and this is where you do consider on calculating the house edge.
When it  comes to true statistics on how much these casinos been earning then this one is mostly on the private part excluding to those who do show off numbers
but we cant still ensure that those are real-time ones or excluding out some part of it. We wouldnt able to know behind.

416,141 btc  was the total amount wagered, the 201280 btc was their net revenue from the start of their operation, so they have turned their casino to a billion dollar business already. Kindly review the computation and please get back to me if there's an error in the computation.

[KrisAlex18]

That $10m is just a small value when we talk about the whole, there are many people who are always playing in casino gambling and as we all know gambling is so risky the highest odds of winning is only 50% so the chance of being lost in casino gambling is much higher because there are much casino games that have below 50% odds of winning. There is always money earned from the owner of casino gambling because of those people who lost in the casino gambling. They are the one who wins the game at all.

I am also aware of the how fast the crypto casinos grow. It was first Primedice, Stake now Roobet, the total turnovers are more than what I have thought. I was curious about the competitions on the "games and rounds" board and decided to check one. The Yolodice has announced new low number hunt competitions a week ago with 20 ETH prize pool plus the 50% profit of casino. At the end of contest, the total prize pool has climbed to 64 ETH...

The casino is very popular all over the world before in our country it is illegal but now then there are already some papers that they can show as legal because some casino gambling is from the government.

[peter0425]

The exact amount of money circulate in gambling is hard to know the exact amount and that amount of money is just a part of the total money circulates around. Do you know any platform that gathers the data about the money circulates in the casinos. Also some casinos accept both fiat and crypto.

It is impossible to collect General statistics even among legal casinos and online casinos. This is due to the fact that not all of them want to disclose statistics on the amount of money lost by players and the amount of money won at the casino. In addition, there are also underground casinos. They are available in many countries around the world, and they are also available on the Internet. No one will ever know their statistics.

Yups because this can be only gathered if the Gambling sites give the details on their own will because it is private thing and nothing can be certain.

thats why this is not really a answerable thread.

But since the speculation already in effect here so lets just enjoy all those.

[Yaunfitda]

         416,141 - total wagered
less : 214-861 -Won by users.

total: 201280, based on the current rate, (http://preev.com/)

201280 wagered doesnt mean that thats the total amount that they had generated in terms of profits and this is where you do consider on calculating the house edge.
When it  comes to true statistics on how much these casinos been earning then this one is mostly on the private part excluding to those who do show off numbers
but we cant still ensure that those are real-time ones or excluding out some part of it. We wouldnt able to know behind.

416,141 btc  was the total amount wagered, the 201280 btc was their net revenue from the start of their operation, so they have turned their casino to a billion dollar business already. Kindly review the computation and please get back to me if there's an error in the computation.

We wouldn't know the real numbers, I agree, but at least we have a ball park number on how one casino can make profits in about 5 years time and that is a huge money. And that is just one casino alone, maybe there are big casinos also operation and the profits are close to that numbers or some new casinos that are on the way to target that amount. So online casinos are really getting bigger.

[noithatgiadinh]

The overall growth of the gambling industry totals to around ~$440 billion last 2018. If you were to take into account just online gambling, it'd come close to around ~$50 billion. That's already pretty huge, considering the time that online gambling has been around, and the dominance of physical casinos in the past. It's also expected for gambling to grow to close to ~$550 billion in the year 2022.

That number will grow from time to time, and no one will imagine how big the gambling industry will grow. When young people become adult people and they attract to gambling games, that will make the number will increase so big. That is why the gambling industry can still survive, whether it's offline gambling or online gambling because the number of people who come to the gambling games will always increase.

One person can lose so much money because he doesn't use big money in just one day or one week, but he uses small money, and he uses another money to gamble. If we calculate how much bigger the money that we use, yes, we can be amazed because that money can be used for buying something. And $10 million in a casino is not big, but for one person, that can be a big number. Gambling industry is a big industry which accumulating big money that has been used by the gamblers, and that number still growing every month.

And that's why gambling is scary. Let's say that you enter the casino every day, but you limit your spendings to $5. It may seem small, but with time, that amount would only grow bigger and bigger. A week, and you would've spent $35, a month, and its $140. a year and its what, ~$1700?

Visit my profile: https://noithatphuongdong.vn/m/phong-xong-hoi/

Spending $5 but every day that means a lot of money in a month. Yes, you have the right calculation. No wonder that many people regret when they see how much money they use in a year. It's not a big deal for them if they don't calculate or don't think about the money they will spend, but still, that is big money for some people.

[Pamadar]

The exact amount of money circulate in gambling is hard to know the exact amount and that amount of money is just a part of the total money circulates around. Do you know any platform that gathers the data about the money circulates in the casinos. Also some casinos accept both fiat and crypto.

It is impossible to collect General statistics even among legal casinos and online casinos. This is due to the fact that not all of them want to disclose statistics on the amount of money lost by players and the amount of money won at the casino. In addition, there are also underground casinos. They are available in many countries around the world, and they are also available on the Internet. No one will ever know their statistics.

Yups because this can be only gathered if the Gambling sites give the details on their own will because it is private thing and nothing can be certain.

thats why this is not really a answerable thread.

But since the speculation already in effect here so lets just enjoy all those.

You said it right, as everyone have it's own opinion in regards to this matter, there's no certain or exact answer
to how the gambling business has grown,
the only information that we can based all
this speculation is on how the business is really
growing from time to time.

[Finestream]

         416,141 - total wagered
less : 214-861 -Won by users.

total: 201280, based on the current rate, (http://preev.com/)

201280 wagered doesnt mean that thats the total amount that they had generated in terms of profits and this is where you do consider on calculating the house edge.
When it  comes to true statistics on how much these casinos been earning then this one is mostly on the private part excluding to those who do show off numbers
but we cant still ensure that those are real-time ones or excluding out some part of it. We wouldnt able to know behind.

416,141 btc  was the total amount wagered, the 201280 btc was their net revenue from the start of their operation, so they have turned their casino to a billion dollar business already. Kindly review the computation and please get back to me if there's an error in the computation.

We wouldn't know the real numbers, I agree, but at least we have a ball park number on how one casino can make profits in about 5 years time and that is a huge money. And that is just one casino alone, maybe there are big casinos also operation and the profits are close to that numbers or some new casinos that are on the way to target that amount.

Yes, it's just one casino and I don't know if it's the biggest but I believe it's one of the popular casinos in the crypto world right now.
They have their presence felt in the forum so it's easier for us to verify and I'm glad someone shared the data and it proves they are transparent to the public,however, we can expect that everyone would do the same, they will just likely give a data of total wagers, which is hard to guess their profit from that.

So online casinos are really getting bigger.

Yes, but we are on a specific crypto online casinos, and we are indeed getting bigger

[Casdinyard]

Exec Embezzles $22M From ‘Influencer’ Marketing Firm, Spends Nearly Half on Crypto Gambling




I know this is an old article but I'm just surprised that crypto casinos is this big already.

The article says one person has lose maybe at least $10 million in a casino from a poker game, I mean, how big we are already? I'm just amazed.


Can we just discuss the market size not the gambling addiction or anything related to that?

The size of the whole community of crypto casino is already that much big specially at this time that casinos are temporarily closed and people have no choice and if they wanted to play gambling, they will be just dropping by any online crypto casino for a much more convenient gaming experience even players are jus staying at home.

That article is not already surprising because there are lots of cases that lose of money is associated on playing in a crypto casino. That amount stated on the article is not that big if you will compare it into the whole loss being recorded while playing in a crypto casino. That is amount is really massive indeed but just for the individual loss of the player. If you will be better think of it, it is just a part of the big community that crypto casino have. It will just continue to expand as long as there are players that are being encourage playing on this platform so such loss will be stated to be a small part of it.

[Sadlife]

That $10M loss is just a small amount when we look at the whole.

~

Gambling industry is so big and vast thats why i dont really believe much into those numbers to be precise and im expecting for it to be much more bigger.
If that statistics based of on last 2 years then pretty sure that it is way more bigger now and to think that do excludes crypto gambling industry which i do also
believe that having that humongous amount we are talking on.

True, most of these gamblers purchase in over the counter method, so authorities wouldn't track them especially if that country is strict with digital assets and most country's including mine prohibits online gambling. So using anonymous cryptocurrency is the way to gamble. The data or statistics for volume of crypto gamblers might not be accurate.

[Bezobraznike]

Can we just discuss the market size not the gambling addiction or anything related to that?

The size of the whole community of crypto casino is already that much big specially at this time that casinos are temporarily closed and people have no choice and if they wanted to play gambling, they will be just dropping by any online crypto casino for a much more convenient gaming experience even players are jus staying at home.

That article is not already surprising because there are lots of cases that lose of money is associated on playing in a crypto casino. That amount stated on the article is not that big if you will compare it into the whole loss being recorded while playing in a crypto casino. That is amount is really massive indeed but just for the individual loss of the player. If you will be better think of it, it is just a part of the big community that crypto casino have. It will just continue to expand as long as there are players that are being encourage playing on this platform so such loss will be stated to be a small part of it.

   I think we can all agree that crypto-gambling capitalization is higher every year. The prices of some crypto-currencies are high,
and early adopters have advantage here, with coins they bought cheap now they are high-rollers. They can gamble with high
amounts, amounts we can't even imagine.
   Crypto-gambling will grow more, this is just a beginning. Many people see how better it is, easier, and more private, many gamblers
seek for privacy.

[Twentyonepaylots]

The exact amount of money circulate in gambling is hard to know the exact amount and that amount of money is just a part of the total money circulates around. Do you know any platform that gathers the data about the money circulates in the casinos. Also some casinos accept both fiat and crypto.

It is impossible to collect General statistics even among legal casinos and online casinos. This is due to the fact that not all of them want to disclose statistics on the amount of money lost by players and the amount of money won at the casino. In addition, there are also underground casinos. They are available in many countries around the world, and they are also available on the Internet. No one will ever know their statistics.

But if you would sum up those in total, let's just assume it would cost billions too, so online gambling platforms is really big that less people are talking about it, or so just we thought about it?

Why are we talking about the losses? how about the gains? this might look a huge loss of someone but did we able to search for his gains through his gambling sessions?

SO think, this is only a single person yet we are already amaze on how he lost a huge amount of money, think that there is a person like him in many casinos right now, huge and silent isn't it?

[bitbunnny]

Can we just discuss the market size not the gambling addiction or anything related to that?

The size of the whole community of crypto casino is already that much big specially at this time that casinos are temporarily closed and people have no choice and if they wanted to play gambling, they will be just dropping by any online crypto casino for a much more convenient gaming experience even players are jus staying at home.

That article is not already surprising because there are lots of cases that lose of money is associated on playing in a crypto casino. That amount stated on the article is not that big if you will compare it into the whole loss being recorded while playing in a crypto casino. That is amount is really massive indeed but just for the individual loss of the player. If you will be better think of it, it is just a part of the big community that crypto casino have. It will just continue to expand as long as there are players that are being encourage playing on this platform so such loss will be stated to be a small part of it.

   I think we can all agree that crypto-gambling capitalization is higher every year. The prices of some crypto-currencies are high,
and early adopters have advantage here, with coins they bought cheap now they are high-rollers. They can gamble with high
amounts, amounts we can't even imagine.
   Crypto-gambling will grow more, this is just a beginning. Many people see how better it is, easier, and more private, many gamblers
seek for privacy.

That is true, crypto gambling capitalization is on the rise. However, I'm not sure about the structure of players. Early adopter have certain advantage but I'm not sure how many of them spend accumulated funds in casinos. Not all of them have these gambling feature and the real amount of crypto that is gambling system could be just approximately estimated but exact figures is hard to define.

[mezzaluna]

One reason why the gambling with Cryptocurrency is getting bigger is because of the fact that you can join without initial capital BECAUSE you can get your own capital by working within the Cryptocurrency Industry then you use that to gamble and that is already a win-win situation for you. Its actually getting bigger as we talk about because of the occurring pandemic, people who likes to gamble are looking for ways to gamble their money and its only a matter of time before they discover that there are a lot of platforms that you can gamble by using electronic money or Cryptocurrency.

[FontSeli]

The exact amount of money circulate in gambling is hard to know the exact amount and that amount of money is just a part of the total money circulates around. Do you know any platform that gathers the data about the money circulates in the casinos. Also some casinos accept both fiat and crypto.

It is impossible to collect General statistics even among legal casinos and online casinos. This is due to the fact that not all of them want to disclose statistics on the amount of money lost by players and the amount of money won at the casino. In addition, there are also underground casinos. They are available in many countries around the world, and they are also available on the Internet. No one will ever know their statistics.

The information posted by wozzek23 above is already useful, at least that's the lease information we can get as the sites are sharing it publicly, however, it would still not give how much they really make as total wagers does not mean total amount casinos earned.

In my post, I wrote why this figure may be inaccurate. I don't see the point in considering a figure that is taken only in part of the casino. And we don't even know the percentage of the total number of casinos to calculate everything. Of course, you can admire these figures. However, I am sure that the real numbers are much higher.

[milewilda]

The exact amount of money circulate in gambling is hard to know the exact amount and that amount of money is just a part of the total money circulates around. Do you know any platform that gathers the data about the money circulates in the casinos. Also some casinos accept both fiat and crypto.

It is impossible to collect General statistics even among legal casinos and online casinos. This is due to the fact that not all of them want to disclose statistics on the amount of money lost by players and the amount of money won at the casino. In addition, there are also underground casinos. They are available in many countries around the world, and they are also available on the Internet. No one will ever know their statistics.

The information posted by wozzek23 above is already useful, at least that's the lease information we can get as the sites are sharing it publicly, however, it would still not give how much they really make as total wagers does not mean total amount casinos earned.

In my post, I wrote why this figure may be inaccurate. I don't see the point in considering a figure that is taken only in part of the casino. And we don't even know the percentage of the total number of casinos to calculate everything. Of course, you can admire these figures. However, I am sure that the real numbers are much higher.

Its just really a picture out but we do at least do get the idea or glimpse on how big it is and as said these numbers wont be that accurate where there are really some numbers that havent been totally shown
this is why we can really conclude that this industry is soo big that we can imagine of.It is way profitable than any industries out there this is why this is the main target for some investors on making out
this business because they do know the chances or possibility on getting up these numbers in a long term basis.

[FontSeli]

Its just really a picture out but we do at least do get the idea or glimpse on how big it is and as said these numbers wont be that accurate where there are really some numbers that havent been totally shown
this is why we can really conclude that this industry is soo big that we can imagine of.It is way profitable than any industries out there this is why this is the main target for some investors on making out
this business because they do know the chances or possibility on getting up these numbers in a long term basis.

This numbers are big for us. Because we are not aware of the real amounts that casinos earn. Perhaps the Las Vegas casino boss will see this theme and smile at how small it is compared to his casino.

[mirakal]

Its just really a picture out but we do at least do get the idea or glimpse on how big it is and as said these numbers wont be that accurate where there are really some numbers that havent been totally shown
this is why we can really conclude that this industry is soo big that we can imagine of.It is way profitable than any industries out there this is why this is the main target for some investors on making out
this business because they do know the chances or possibility on getting up these numbers in a long term basis.

This numbers are big for us. Because we are not aware of the real amounts that casinos earn. Perhaps the Las Vegas casino boss will see this theme and smile at how small it is compared to his casino.

They don't have to if they see them as part of the industry and a possible online competitor if they have an online casinos.
Crypto may be smaller compared to some traditional casinos but crypto is growing its adoption, in the long run it could be as big as a traditional casinos or even bigger, who knows right?

Thing is, people wants to try an easy way to gamble and crypto offers them what they need, so as long as they understand the crypto continues to offers that, I have no doubt on the increase of its popularity.

[FontSeli]

Its just really a picture out but we do at least do get the idea or glimpse on how big it is and as said these numbers wont be that accurate where there are really some numbers that havent been totally shown
this is why we can really conclude that this industry is soo big that we can imagine of.It is way profitable than any industries out there this is why this is the main target for some investors on making out
this business because they do know the chances or possibility on getting up these numbers in a long term basis.

This numbers are big for us. Because we are not aware of the real amounts that casinos earn. Perhaps the Las Vegas casino boss will see this theme and smile at how small it is compared to his casino.

They don't have to if they see them as part of the industry and a possible online competitor if they have an online casinos.
Crypto may be smaller compared to some traditional casinos but crypto is growing its adoption, in the long run it could be as big as a traditional casinos or even bigger, who knows right?

Thing is, people wants to try an easy way to gamble and crypto offers them what they need, so as long as they understand the crypto continues to offers that, I have no doubt on the increase of its popularity.

True statistics on the turnover of money in crypto casinos can be useful for those who have regular casinos and plan to increase their turnover due to their presence in cryptocurrencies. Of course, if they don't have a business here yet. We would all benefit from increased competition among crypto casinos.

[Natalim]

True statistics on the turnover of money in crypto casinos can be useful for those who have regular casinos and plan to increase their turnover due to their presence in cryptocurrencies. Of course, if they don't have a business here yet. We would all benefit from increased competition among crypto casinos.

They will surely find that answer, they might not be able to find the real figure but based on their estimate, they should come up with a decision.
By looking at the crypto market alone, I think we already have an idea, in total, we have a trading volume of over $50 billion a day, I guess that's a good figure to see the potential in opening a casinos business in the crypto space.

https://coinmarketcap.com/charts/

[btc_angela]

True statistics on the turnover of money in crypto casinos can be useful for those who have regular casinos and plan to increase their turnover due to their presence in cryptocurrencies. Of course, if they don't have a business here yet. We would all benefit from increased competition among crypto casinos.

They will surely find that answer, they might not be able to find the real figure but based on their estimate, they should come up with a decision.
By looking at the crypto market alone, I think we already have an idea, in total, we have a trading volume of over $50 billion a day, I guess that's a good figure to see the potential in opening a casinos business in the crypto space.

https://coinmarketcap.com/charts/

Give or take, it's a good gauge for potential casino owner to look at when they really have plans to join the online casino business by looking at bitcoin volume per day and that is really a big figure. It's that not all traders are gamblers, and I'm sure they will take that into consideration. And no wonder we've witnessed tremendous growth lately because potential casino owners are eyeing the make huge profit specially in this pandemic.

[FontSeli]

True statistics on the turnover of money in crypto casinos can be useful for those who have regular casinos and plan to increase their turnover due to their presence in cryptocurrencies. Of course, if they don't have a business here yet. We would all benefit from increased competition among crypto casinos.

They will surely find that answer, they might not be able to find the real figure but based on their estimate, they should come up with a decision.
By looking at the crypto market alone, I think we already have an idea, in total, we have a trading volume of over $50 billion a day, I guess that's a good figure to see the potential in opening a casinos business in the crypto space.

https://coinmarketcap.com/charts/

They do not need the amount of capitalization of the entire cryptocurrency market) They would be much more useful to have a figure showing how much of this capitalization is accounted for by the turnover in the crypto-casino.

[milewilda]

Its just really a picture out but we do at least do get the idea or glimpse on how big it is and as said these numbers wont be that accurate where there are really some numbers that havent been totally shown
this is why we can really conclude that this industry is soo big that we can imagine of.It is way profitable than any industries out there this is why this is the main target for some investors on making out
this business because they do know the chances or possibility on getting up these numbers in a long term basis.

This numbers are big for us. Because we are not aware of the real amounts that casinos earn. Perhaps the Las Vegas casino boss will see this theme and smile at how small it is compared to his casino.

They don't have to if they see them as part of the industry and a possible online competitor if they have an online casinos.
Crypto may be smaller compared to some traditional casinos but crypto is growing its adoption, in the long run it could be as big as a traditional casinos or even bigger, who knows right?

Thing is, people wants to try an easy way to gamble and crypto offers them what they need, so as long as they understand the crypto continues to offers that, I have no doubt on the increase of its popularity.

True statistics on the turnover of money in crypto casinos can be useful for those who have regular casinos and plan to increase their turnover due to their presence in cryptocurrencies. Of course, if they don't have a business here yet. We would all benefit from increased competition among crypto casinos.

When it comes to competition then it is somehow normal on business world and we dont know on whats inside into their minds on what they do look upon those existing continuously growing popularity of online crypto casinos or even on fiat ones. In business perspective then they would really see this as a competition since the market is divided into several pieces and basing up on the example which is on Las vegas casinos then
they wouldnt really matter much since they do know on how big they are and sustainable even if those competition does exist.

[FontSeli]

When it comes to competition then it is somehow normal on business world and we dont know on whats inside into their minds on what they do look upon those existing continuously growing popularity of online crypto casinos or even on fiat ones. In business perspective then they would really see this as a competition since the market is divided into several pieces and basing up on the example which is on Las vegas casinos then
they wouldnt really matter much since they do know on how big they are and sustainable even if those competition does exist.

That's right. For an ordinary player playing in an online casino, it doesn't make much difference what currency they bet. It will be a dollar or bitcoin or something else. However, those people who have cryptocurrencies in their wallets will most likely prefer to play at a crypto online casino. And it is for their money that you can arrange competition.

[michellee]

That's right. For an ordinary player playing in an online casino, it doesn't make much difference what currency they bet. It will be a dollar or bitcoin or something else. However, those people who have cryptocurrencies in their wallets will most likely prefer to play at a crypto online casino. And it is for their money that you can arrange competition.

Those people will prefer to use their crypto than to use fiat/dollar because they know online crypto gambling, which can make them feel comfortable playing gambling. But when it comes to offline casinos such as playing on the Las Vegas, they will use fiat because they can not use crypto. But both offline and online player gambling games will have a big loss, although we don't know the right number.

[Fundamentals Of]

That's right. For an ordinary player playing in an online casino, it doesn't make much difference what currency they bet. It will be a dollar or bitcoin or something else. However, those people who have cryptocurrencies in their wallets will most likely prefer to play at a crypto online casino. And it is for their money that you can arrange competition.

Those people will prefer to use their crypto than to use fiat/dollar because they know online crypto gambling, which can make them feel comfortable playing gambling. But when it comes to offline casinos such as playing on the Las Vegas, they will use fiat because they can not use crypto. But both offline and online player gambling games will have a big loss, although we don't know the right number.

Those who prefer to use crypto for gambling are mostly those who want to gamble without getting known or identified. That's the beauty of crypto gambling which the traditional casinos cannot provide.

If a gambler especially if he is popular or a government worker or official plays at a casino in Las Vegas, for example, could create unnecessary controversies. Many of them would prefer to stay quite and anonymous while wasting money.

[20kevin20]

Those who prefer to use crypto for gambling are mostly those who want to gamble without getting known or identified. That's the beauty of crypto gambling which the traditional casinos cannot provide.

If a gambler especially if he is popular or a government worker or official plays at a casino in Las Vegas, for example, could create unnecessary controversies. Many of them would prefer to stay quite and anonymous while wasting money.

Don't most casinos request KYC anyway? The "without getting known or identified" part was a thing years ago (so was gambling on Tor), but today it's quite hard to gamble completely anonymously .. although I do believe identification on casinos is not a very bad idea.

You can gamble on online fiat casinos as well and nobody would know who you are IRL, what's the difference? Most people don't even know how to use their crypto properly in order to stay at least partially out of the grid.

[kotajikikox]

That $10M loss is just a small amount when we look at the whole.

~

Gambling industry is so big and vast thats why i dont really believe much into those numbers to be precise and im expecting for it to be much more bigger.
If that statistics based of on last 2 years then pretty sure that it is way more bigger now and to think that do excludes crypto gambling industry which i do also
believe that having that humongous amount we are talking on.

True, most of these gamblers purchase in over the counter method, so authorities wouldn't track them especially if that country is strict with digital assets and most country's including mine prohibits online gambling. So using anonymous cryptocurrency is the way to gamble. The data or statistics for volume of crypto gamblers might not be accurate.

Because that is really the intention behind the betting secretly,Over the counter or using Cryptocurrency to keep their name safer from detection.

That's right. For an ordinary player playing in an online casino, it doesn't make much difference what currency they bet. It will be a dollar or bitcoin or something else. However, those people who have cryptocurrencies in their wallets will most likely prefer to play at a crypto online casino. And it is for their money that you can arrange competition.

Those people will prefer to use their crypto than to use fiat/dollar because they know online crypto gambling, which can make them feel comfortable playing gambling. But when it comes to offline casinos such as playing on the Las Vegas, they will use fiat because they can not use crypto. But both offline and online player gambling games will have a big loss, although we don't know the right number.

Addicted gamblers will use all platforms just to satisfy their gambling habits so either offline or online they will play as all resources are available for them.

[FontSeli]

That's right. For an ordinary player playing in an online casino, it doesn't make much difference what currency they bet. It will be a dollar or bitcoin or something else. However, those people who have cryptocurrencies in their wallets will most likely prefer to play at a crypto online casino. And it is for their money that you can arrange competition.

Those people will prefer to use their crypto than to use fiat/dollar because they know online crypto gambling, which can make them feel comfortable playing gambling. But when it comes to offline casinos such as playing on the Las Vegas, they will use fiat because they can not use crypto. But both offline and online player gambling games will have a big loss, although we don't know the right number.

Naturally, casinos in Las Vegas will not accept cryptocurrencies for a long time. Because this is not directly permitted by law. And they do not need to lobby for such a law because they have no shortage of clients.

[Fundamentals Of]

Those who prefer to use crypto for gambling are mostly those who want to gamble without getting known or identified. That's the beauty of crypto gambling which the traditional casinos cannot provide.

If a gambler especially if he is popular or a government worker or official plays at a casino in Las Vegas, for example, could create unnecessary controversies. Many of them would prefer to stay quite and anonymous while wasting money.

Don't most casinos request KYC anyway? The "without getting known or identified" part was a thing years ago (so was gambling on Tor), but today it's quite hard to gamble completely anonymously .. although I do believe identification on casinos is not a very bad idea.

Most crypto casinos do not ask for KYC unless certain transactions or patterns cause some triggers or suspicion. With that, you may be asked to undergo KYC. If everything's pretty much normal, your personal identity will be yours alone.

Identification on casinos may not be a bad idea and may even be done with something good in mind. The possibility of abuse though is always there.

You can gamble on online fiat casinos as well and nobody would know who you are IRL, what's the difference? Most people don't even know how to use their crypto properly in order to stay at least partially out of the grid.

It would be about basic data privacy.

There are people who use crypto casinos not because of this privacy thing.

[alani123]

When it comes to competition then it is somehow normal on business world and we dont know on whats inside into their minds on what they do look upon those existing continuously growing popularity of online crypto casinos or even on fiat ones. In business perspective then they would really see this as a competition since the market is divided into several pieces and basing up on the example which is on Las vegas casinos then
they wouldnt really matter much since they do know on how big they are and sustainable even if those competition does exist.

That's right. For an ordinary player playing in an online casino, it doesn't make much difference what currency they bet. It will be a dollar or bitcoin or something else. However, those people who have cryptocurrencies in their wallets will most likely prefer to play at a crypto online casino. And it is for their money that you can arrange competition.

That is something entirely dependent on the current time frame, fees and several other factors. For example, in times where the fees go up high players tend to leave money deposited longer and maybe play but avoid to add small amounts or withdraw often. Also the volatility of crypto markets. Other than that, curremtly tou are right, what matters mkstly at the end of the day is the mknetsry value of their deposit.

[FontSeli]

When it comes to competition then it is somehow normal on business world and we dont know on whats inside into their minds on what they do look upon those existing continuously growing popularity of online crypto casinos or even on fiat ones. In business perspective then they would really see this as a competition since the market is divided into several pieces and basing up on the example which is on Las vegas casinos then
they wouldnt really matter much since they do know on how big they are and sustainable even if those competition does exist.

That's right. For an ordinary player playing in an online casino, it doesn't make much difference what currency they bet. It will be a dollar or bitcoin or something else. However, those people who have cryptocurrencies in their wallets will most likely prefer to play at a crypto online casino. And it is for their money that you can arrange competition.

That is something entirely dependent on the current time frame, fees and several other factors. For example, in times where the fees go up high players tend to leave money deposited longer and maybe play but avoid to add small amounts or withdraw often. Also the volatility of crypto markets. Other than that, curremtly tou are right, what matters mkstly at the end of the day is the mknetsry value of their deposit.

It seems to me that it is more important for players whether they win or lose their Deposit than how much their cryptocurrency Deposit is worth now dollars.
When choosing a casino, pay attention not only to the currency in which you can place bets, but also to the popularity of the casino and its reliability, as well as what bonuses are given to players and what is important is whether it is necessary to pass the KYC.

[michellee]

Those people will prefer to use their crypto than to use fiat/dollar because they know online crypto gambling, which can make them feel comfortable playing gambling. But when it comes to offline casinos such as playing on the Las Vegas, they will use fiat because they can not use crypto. But both offline and online player gambling games will have a big loss, although we don't know the right number.

Those who prefer to use crypto for gambling are mostly those who want to gamble without getting known or identified. That's the beauty of crypto gambling which the traditional casinos cannot provide.

If a gambler especially if he is popular or a government worker or official plays at a casino in Las Vegas, for example, could create unnecessary controversies. Many of them would prefer to stay quite and anonymous while wasting money.

Yes, that is us

We don't want to be known by other people, and coincidentally, we are online and find online crypto gambling in the past, so we can playing gambling without other people knows.

If I am a popular or a government or an employee, I will use an online crypto gambler to gamble than to go to the offline casino. I can get pleasure from gamble, have fun by myself, and enjoy my time in gambling.

Those people will prefer to use their crypto than to use fiat/dollar because they know online crypto gambling, which can make them feel comfortable playing gambling. But when it comes to offline casinos such as playing on the Las Vegas, they will use fiat because they can not use crypto. But both offline and online player gambling games will have a big loss, although we don't know the right number.

Addicted gamblers will use all platforms just to satisfy their gambling habits so either offline or online they will play as all resources are available for them.

Not for me . Because I don't use all platforms to gamble, and I don't want to become addicted gamblers

Those people will prefer to use their crypto than to use fiat/dollar because they know online crypto gambling, which can make them feel comfortable playing gambling. But when it comes to offline casinos such as playing on the Las Vegas, they will use fiat because they can not use crypto. But both offline and online player gambling games will have a big loss, although we don't know the right number.

Naturally, casinos in Las Vegas will not accept cryptocurrencies for a long time. Because this is not directly permitted by law. And they do not need to lobby for such a law because they have no shortage of clients.

Sooner or later, the casino in Las Vegas will slowly try to accept cryptocurrency, especially if the crypto becomes popular in that city, and many people are asking about using cryptocurrency as the bet.

[peter0425]

When it comes to competition then it is somehow normal on business world and we dont know on whats inside into their minds on what they do look upon those existing continuously growing popularity of online crypto casinos or even on fiat ones. In business perspective then they would really see this as a competition since the market is divided into several pieces and basing up on the example which is on Las vegas casinos then
they wouldnt really matter much since they do know on how big they are and sustainable even if those competition does exist.

That's right. For an ordinary player playing in an online casino, it doesn't make much difference what currency they bet. It will be a dollar or bitcoin or something else. However, those people who have cryptocurrencies in their wallets will most likely prefer to play at a crypto online casino. And it is for their money that you can arrange competition.

Absolutely correct because People that wanted to gamble will surely Use any currency in their wallets .

as we know that gamblers most likely to play at any cause just to satisfy their needs to bet in each time.
So yes i think it doesn't have to be crypto or fiat but what is available that certain time.

[Insanerman]

Exec Embezzles $22M From ‘Influencer’ Marketing Firm, Spends Nearly Half on Crypto Gambling




I know this is an old article but I'm just surprised that crypto casinos is this big already.

The article says one person has lose maybe at least $10 million in a casino from a poker game, I mean, how big we are already? I'm just amazed.


Can we just discuss the market size not the gambling addiction or anything related to that?

The market size of online casinos globally is currently at $53.7 billion. And according to Grandview Research, it is expected to reach about $59.6 billion in the end of the year 2020.
There are actually a lot of factors why online casinos are getting much more gamblers are because they are more convenient than the traditional casinos, you can do it anytime that you want. More and more new gamblers are being attracted since the rise of cryptocurrencies. Expect it to become even bigger on the next coming years.

[Findingnemo]

Its multi-million market for sure, even the oldest analysis crypto casinos bring huge income to the economies so in 2020 this might be increased a lot for sure. Now crypto gambling is getting more popular which doesn't means existing casinos are in loss, more people are getting into crypto gambling because it is easier for any one to gamble from anywhere and get the taste of adrenaline for quite cheap price.

[cabalism13]

...
There are actually a lot of factors why online casinos are getting much more gamblers are because they are more convenient than the traditional casinos, you can do it anytime that you want. More and more new gamblers are being attracted since the rise of cryptocurrencies. Expect it to become even bigger on the next coming years.

Going back to the old times where you can't possibly enter a Casino because you are underaged?! Now with an Online Platform, as long as you have the money you can bet anytime you want even if you're a kiddo.And that's my whole point of difference between RL Casino and an Online Gambling Platform, see? besides it should go on all about money.

Now, in this time around expect that some Casinos will lose their market due to this pandemic and another Platforms will soon to rise with a big offers during games.

...it is easier for any one to gamble from anywhere and get the taste of adrenaline for quite cheap price.

it sure is.
Imagine you can win big with just a cents? And compared other RL Casinos they had a minimum betting amount.

[CarnagexD]

In terms of market size, gambling industry really have a huge impact in the economy. As this pandemic is ongoing, we all know that physical casinos are closed and some are open, that's the reason why online gambling is put into place. These online casinos are really contributing and it serves as the alternative for those closed physical casinos. Although it is not that much effective in a market size because they are online casinos and some online gambling platforms are not that known by other gamblers who used to play in a physical casino. So technically speaking, the market size of gambling is really huge. Probably, after this pandemic, gambling industry will boom due to those people who didn't gamble as this quarantine make them unable to play.

[South Park]

   I think we can all agree that crypto-gambling capitalization is higher every year. The prices of some crypto-currencies are high,
and early adopters have advantage here, with coins they bought cheap now they are high-rollers. They can gamble with high
amounts, amounts we can't even imagine.
   Crypto-gambling will grow more, this is just a beginning. Many people see how better it is, easier, and more private, many gamblers
seek for privacy.

I think the same the industry is only going to get bigger and bigger as time passes, just take a look at what happened during the pandemic, it was safe to assume that with people losing their jobs and the means to sustain their families and casinos closing their doors that gambling will go down and instead is going up, people are finding in online gambling a way to deal with all the stress they are accumulating and once this is done they will most likely keep gambling from time to time and some of that money is bound to come to this market.

[kawetsriyanto]

The gambling industry is always that big. If we are talking about the number of the crypto gambling spending so far, I cnanot calculate it for sure. However, it must be a very big amount. Moreover for those who are already addicted with the gambling, spending more dollars every day to play gambling or betting is very usual. It means that never stop before your money end. Howveer, does it mean that we can't ignore how cyrpto gambling has infleunced the people in the crypto world.

[Ucy]

Haven't gone through the article yet but am wondering if spending/losses happened on a single day, or multiple days/months/years?   And does the article also factor in the deflationary nature of the cryptocurrency or token the player was betting with? An equivalent of 0.01 btc bet 6years ago would be worth more  now.

 Addiction is definitely a reason one would be reckless with money. It can be really bad if you are addicted to bad/unsafe things.

Volatilities also affects the actual amount of value  where crypto casinos might already have. But the factor that really
hint is the popularities of the house, this venue of gambling already have a lots of
gamblers who spend money and since there are numbers of gambler when summing
it up it will turned to a huge value.

I think the volatility should be clearly stated or factored in to make the whole thing easier to understand. Every detail matters alot.
Well, I always recommend responsible/safe betting and not gambling or taking big financial risk in bettings. 
Bet little, or what you can afford to lose if you are not consistently profitable bettor.

[jademaxsuy]

Wow really great for this thread to read. This is how online gambling platform experience should be keeping in trust with the platform while playing the game. Meaning that online gambling platform has a high moral now when it comes to huge beat. Imagine that a 10 Million dollar lost is something that a huge leap of the development of online gambling games experience.

So how big really we are now in online gambling? I think the answer is clear. It is really huge now probably due to pandemic where gambler chose online gambling for now?

[mirakal]

Wow really great for this thread to read. This is how online gambling platform experience should be keeping in trust with the platform while playing the game. Meaning that online gambling platform has a high moral now when it comes to huge beat. Imagine that a 10 Million dollar lost is something that a huge leap of the development of online gambling games experience.

So how big really we are now in online gambling? I think the answer is clear. It is really huge now probably due to pandemic where gambler chose online gambling for now?

Online gambling is already big and it's expected to increase, but what OP's point is particularly on the crypto online gambling which we have no idea yet on how big it is, but if you read some of the previous comments, you might see some estimate that might interest you and might give you an idea on how big the market approximately.

[semobo]

Wow really great for this thread to read. This is how online gambling platform experience should be keeping in trust with the platform while playing the game. Meaning that online gambling platform has a high moral now when it comes to huge beat. Imagine that a 10 Million dollar lost is something that a huge leap of the development of online gambling games experience.

So how big really we are now in online gambling? I think the answer is clear. It is really huge now probably due to pandemic where gambler chose online gambling for now?

Online gambling is already big and it's expected to increase, but what OP's point is particularly on the crypto online gambling which we have no idea yet on how big it is, but if you read some of the previous comments, you might see some estimate that might interest you and might give you an idea on how big the market approximately.

Crypto online gambling is also somewhat big because we can see the wagered amount of players on every casinos and also huge single bets which shows that people still bet in huge amount in cryptos compared to fiat casinos because here they no need to pay huge taxes for every winnings, they can simply pay for the withdrawals which turns into fiat.

[Twentyonepaylots]

Wow really great for this thread to read. This is how online gambling platform experience should be keeping in trust with the platform while playing the game. Meaning that online gambling platform has a high moral now when it comes to huge beat. Imagine that a 10 Million dollar lost is something that a huge leap of the development of online gambling games experience.

So how big really we are now in online gambling? I think the answer is clear. It is really huge now probably due to pandemic where gambler chose online gambling for now?

Online gambling is already big and it's expected to increase, but what OP's point is particularly on the crypto online gambling which we have no idea yet on how big it is, but if you read some of the previous comments, you might see some estimate that might interest you and might give you an idea on how big the market approximately.

I am expecting the online gambling to grow too because of what is happening in the world, shops are closed due to the pandemic and so are the casinos, now if people want to gamble they probably be searching the alternative for it and so they'll find the online gambling which is more convenient than physical ones. Online gambling is a multi-million industry, just look how much a single online casino costs and wagered every day, house always win! The only issue with online gambling is the fairness of the game, well for some casino it is tested and proven, how about the new ones?

[ReiMomo]

I am expecting the online gambling to grow too because of what is happening in the world, shops are closed due to the pandemic and so are the casinos, now if people want to gamble they probably be searching the alternative for it and so they'll find the online gambling which is more convenient than physical ones. Online gambling is a multi-million industry, just look how much a single online casino costs and wagered every day, house always win! The only issue with online gambling is the fairness of the game, well for some casino it is tested and proven, how about the new ones?

That is right, the number of users in gambling was increased amid COVID19 pandemic because of the reason people should stay at home, gambling is one of their ways to break boredom during self-quarantine.

This is expected that also the number of losses fund has been increased, and the revenue of the gambling industry was also increased. It's million of dollars has been recorded and I guess from a small amount that has been lost it will a huge amount all in all.

However, always bear in mind that gambling isn't a form of source income, this is just only a form of entertainment. Give prior to your families and next to that is gambling.

[Golftech]

Wow really great for this thread to read. This is how online gambling platform experience should be keeping in trust with the platform while playing the game. Meaning that online gambling platform has a high moral now when it comes to huge beat. Imagine that a 10 Million dollar lost is something that a huge leap of the development of online gambling games experience.

So how big really we are now in online gambling? I think the answer is clear. It is really huge now probably due to pandemic where gambler chose online gambling for now?

Online gambling is already big and it's expected to increase, but what OP's point is particularly on the crypto online gambling which we have no idea yet on how big it is, but if you read some of the previous comments, you might see some estimate that might interest you and might give you an idea on how big the market approximately.

Crypto gambling is getting bigger since there are many gamblers who start seeing this venue as good alternative  from the online gambling that they are currently using, the offer of non KYC and decentralization where gamblers can play without any trace attracts more
players to use this venue for playing online,.

It's all assumptions since crypto gambling house aren't providing precise datas in regards to this information.

[adzino]

Its multi-million market for sure, even the oldest analysis crypto casinos bring huge income to the economies so in 2020 this might be increased a lot for sure. Now crypto gambling is getting more popular which doesn't means existing casinos are in loss, more people are getting into crypto gambling because it is easier for any one to gamble from anywhere and get the taste of adrenaline for quite cheap price.

Existing physical currencies will never be at loss. There were regular online casinos that didn't have any affect on the physical casinos. The crypto casinos are also the same as the regular online casino, the only difference is that they accept crypto currencies while the other doesn't. Online casinos before crypto casinos were also easier to gamble from anywhere. The main reason why Crypto Casinos are better is because of the easiness of making a transactions.  
and cheap price? How?

[Quidat]

Its multi-million market for sure, even the oldest analysis crypto casinos bring huge income to the economies so in 2020 this might be increased a lot for sure. Now crypto gambling is getting more popular which doesn't means existing casinos are in loss, more people are getting into crypto gambling because it is easier for any one to gamble from anywhere and get the taste of adrenaline for quite cheap price.

Existing physical currencies will never be at loss. There were regular online casinos that didn't have any affect on the physical casinos. The crypto casinos are also the same as the regular online casino, the only difference is that they accept crypto currencies while the other doesn't. Online casinos before crypto casinos were also easier to gamble from anywhere. The main reason why Crypto Casinos are better is because of the easiness of making a transactions.  
and cheap price? How?

They are totally different in terms of market but having the same aspect on giving out service to people/gambler online.We dont have those precise numbers on how many are playing neither of the two
crypto and fiat online casinos but we  are sure that fiat casinos had been existed for a long time already and do have its own market and supporter for long.The thing here is that when crypto online casino did exist
then it did really make  up some buzz due  to the feature that its anonymous and able to deposit and withdraw without doing KYC. Asking or talking on if this one is big? Yes it is, same as physical casinos
these business online are way too big too basing of the numbers that we are seeing and to think that there are lots of online casinos that do exist online wether its crypto or fiat.

[Google+]

Wow really great for this thread to read. This is how online gambling platform experience should be keeping in trust with the platform while playing the game. Meaning that online gambling platform has a high moral now when it comes to huge beat. Imagine that a 10 Million dollar lost is something that a huge leap of the development of online gambling games experience.

So how big really we are now in online gambling? I think the answer is clear. It is really huge now probably due to pandemic where gambler chose online gambling for now?

well of course when more and more people stay silent at home then more people will try to do activities at home and try to find information to get money so that they will search like a casino and other gambling venues to be the right choice to multiply money with easy.

[shoreno]

So how big really we are now in online gambling? I think the answer is clear. It is really huge now probably due to pandemic where gambler chose online gambling for now?

well of course when more and more people stay silent at home then more people will try to do activities at home and try to find information to get money so that they will search like a casino and other gambling venues to be the right choice to multiply money with easy.

easy money huh ? its easy to think that you can earn and double your capital but that is if when you havent started playing it but by the time your playing the game your expectations and experience suddenly becomes different  . i cant say gambling is easy money but the involvement for online gambling now that we are staying at home most of the time did grew alot   . its not about people engage in gambling for easy money but they are also bored and wants to have fun   .

[btc78]

So how big really we are now in online gambling? I think the answer is clear. It is really huge now probably due to pandemic where gambler chose online gambling for now?

well of course when more and more people stay silent at home then more people will try to do activities at home and try to find information to get money so that they will search like a casino and other gambling venues to be the right choice to multiply money with easy.

easy money huh ? its easy to think that you can earn and double your capital but that is if when you havent started playing

Is this what we called Positive thinking?things that gamblers usually have before playing but changes after losses hahaha

it but by the time your playing the game your expectations and experience suddenly becomes different  .

after losing some rounds attitude will change and behavior will be more different and this is the start of losing constantly because of misbehavior ,

i cant say gambling is easy money but the involvement for online gambling now that we are staying at home most of the time did grew alot   . its not about people engage in gambling for easy money but they are also bored and wants to have fun   .

Having fun is far different for longing to win big,The most problem of gamblers are the contentment,they don't want to win small but looking for much higher win and that brings them to losing.

[Janation]

So how big really we are now in online gambling? I think the answer is clear. It is really huge now probably due to pandemic where gambler chose online gambling for now?

well of course when more and more people stay silent at home then more people will try to do activities at home and try to find information to get money so that they will search like a casino and other gambling venues to be the right choice to multiply money with easy.

easy money huh ? its easy to think that you can earn and double your capital but that is if when you havent started playing it but by the time your playing the game your expectations and experience suddenly becomes different  . i cant say gambling is easy money but the involvement for online gambling now that we are staying at home most of the time did grew alot   . its not about people engage in gambling for easy money but they are also bored and wants to have fun   .

I think what he means about being easy is that it doesn't really require you to be tired at all.

You will just sit on a table and rely on luck but we all know that the possibility of winning is not always on our side. Most of the time we lose against the house that is why people are actually speaking against gambling. With a lot of people actually gambling online, I guess they really think it is that easy to earn money from it.

[maydna]

well of course when more and more people stay silent at home then more people will try to do activities at home and try to find information to get money so that they will search like a casino and other gambling venues to be the right choice to multiply money with easy.

easy money huh ? its easy to think that you can earn and double your capital but that is if when you havent started playing it but by the time your playing the game your expectations and experience suddenly becomes different  . i cant say gambling is easy money but the involvement for online gambling now that we are staying at home most of the time did grew alot   . its not about people engage in gambling for easy money but they are also bored and wants to have fun   .

Ordinary people who don't know much about making money online will think it is easy money. But after they try one, two, three method, they will find that is difficult to do, and I guess they will stop what they do, and leave it as soon as they think that does not work for them. They will think that "aah, it is not for me. I cannot get the money."

But if they come to the gambling website, that can make them excited to play the games because they think that while they play the games, they can make money, but does not always happen as they think.

Right now, staying at home gives easiness to the gambler to continue to play gambling. With so many options for the gambling website and the payment method, they will have much time to play the games. That leads many new people who try to play gambling games because they think that they can make money through gambling games.

[FontSeli]

Those people will prefer to use their crypto than to use fiat/dollar because they know online crypto gambling, which can make them feel comfortable playing gambling. But when it comes to offline casinos such as playing on the Las Vegas, they will use fiat because they can not use crypto. But both offline and online player gambling games will have a big loss, although we don't know the right number.

Naturally, casinos in Las Vegas will not accept cryptocurrencies for a long time. Because this is not directly permitted by law. And they do not need to lobby for such a law because they have no shortage of clients.

Sooner or later, the casino in Las Vegas will slowly try to accept cryptocurrency, especially if the crypto becomes popular in that city, and many people are asking about using cryptocurrency as the bet.

I think that this will only be possible if cryptocurrencies are widely used in the world at the level of fiat currencies.

Absolutely correct because People that wanted to gamble will surely Use any currency in their wallets .

as we know that gamblers most likely to play at any cause just to satisfy their needs to bet in each time.
So yes i think it doesn't have to be crypto or fiat but what is available that certain time.

It is easier and safer to play at an online casino using cryptocurrencies. You do not need to link your plastic card, which means that you do not risk that money will be stolen from it, and your personal identity can also be established using the card. You can remain anonymous at the crypto online casino.

[dothebeats]

Just goes to show us how big and how deep the rabbit hole gets. There are tons of crypto casinos with 'high rollers' losing hundreds of BTCs in an instant, and it's not just one casinos but most of the trusted ones. The gambling industry crept its way through the cryptocurrency industry and made a bang when proper connections were in place. Of course, what do you expect from a gambling platform that isn't as strict as the traditional online ones? Sure enough it will attract a lot of patrons and regulars, including the big fishes in the sea. Add to the lenient rules the generous bonuses that these crypto casinos provide which adds value to the money of the gamblers. All in all, the crypto gambling market had all the right ingredients in the mix, and it will keep on growing as long as gamblers see more value for their money in these casinos than the traditional ones offer.

[BitcoinTurk]

Can we just discuss the market size not the gambling addiction or anything related to that?

Actually, the answer to this question will change according to the evaluation. For example, if we need to evaluate for a newly formed market, we can easily state that the said amount is quite good and high, but unfortunately, this amount will not be very good and high if it is evaluated according to the global gambling system. For this reason, when evaluating, it is necessary to know what the interpretation is made according to and the thoughts must be stated depending on those factors. In summary, the amount mentioned is very low for the gambling industry in general, but it is quite satisfactory for online gambling websites and emerging crypto money gambling markets.

[BuNga_cute]

When talking about the velocity of money in crypto casinos I have not found a valid site that has its data. Which must be very big,
if just one person can lose up to $ 10 million, imagine if there are hundreds of people who lose the same amount or even more.
So logically we can estimate the market size of crypto casinos is very big.

[dimonstration]

When talking about the velocity of money in crypto casinos I have not found a valid site that has its data. Which must be very big,
if just one person can lose up to $ 10 million, imagine if there are hundreds of people who lose the same amount or even more.
So logically we can estimate the market size of crypto casinos is very big.

No data might be completely list or shows how big the crypto casino gains, since their is no officials or authority in charge to monitor all the casinos especially that some casinos were not allowed in other countries yet people find ways to play, unless all casinos will provide liscensed and register their websites and transactions for taxes it can be determined. The reality now tha crypto or bitcoin casinos are getting more and more transactions with steady growth rate since many new casinos started to operate.

[TravelMug]

Just goes to show us how big and how deep the rabbit hole gets. There are tons of crypto casinos with 'high rollers' losing hundreds of BTCs in an instant, and it's not just one casinos but most of the trusted ones. The gambling industry crept its way through the cryptocurrency industry and made a bang when proper connections were in place. Of course, what do you expect from a gambling platform that isn't as strict as the traditional online ones? Sure enough it will attract a lot of patrons and regulars, including the big fishes in the sea. Add to the lenient rules the generous bonuses that these crypto casinos provide which adds value to the money of the gamblers. All in all, the crypto gambling market had all the right ingredients in the mix, and it will keep on growing as long as gamblers see more value for their money in these casinos than the traditional ones offer.

As long as online gambling will bring convenient, It will really grow in the future. Whales and ordinary gambler really see this as an advantage that's why it will continue to attract patrons. So I don't think that adding value to their money will be the main reason. It is the convenient that online gambling can bring minus the noisy and crowded traditional based casinos.

And I think this is one of the main factors that will push online gambling to old and new players. And for the record, land based casino is not that strict, you can just go enter depending on the age restrictions.

[AmoreJaz]

Just goes to show us how big and how deep the rabbit hole gets. There are tons of crypto casinos with 'high rollers' losing hundreds of BTCs in an instant, and it's not just one casinos but most of the trusted ones. The gambling industry crept its way through the cryptocurrency industry and made a bang when proper connections were in place. Of course, what do you expect from a gambling platform that isn't as strict as the traditional online ones? Sure enough it will attract a lot of patrons and regulars, including the big fishes in the sea. Add to the lenient rules the generous bonuses that these crypto casinos provide which adds value to the money of the gamblers. All in all, the crypto gambling market had all the right ingredients in the mix, and it will keep on growing as long as gamblers see more value for their money in these casinos than the traditional ones offer.

As long as online gambling will bring convenient, It will really grow in the future. Whales and ordinary gambler really see this as an advantage that's why it will continue to attract patrons. So I don't think that adding value to their money will be the main reason. It is the convenient that online gambling can bring minus the noisy and crowded traditional based casinos.

And I think this is one of the main factors that will push online gambling to old and new players. And for the record, land based casino is not that strict, you can just go enter depending on the age restrictions.

aside from the convenience of online gambling. several of the reputable casino sites here are not requiring KYC so i guess that's one major factor also. because most gamblers want anonymity about their gambling habits, and so not submitting their kyc docs is a big plus for them

[Finestream]

Just goes to show us how big and how deep the rabbit hole gets. There are tons of crypto casinos with 'high rollers' losing hundreds of BTCs in an instant, and it's not just one casinos but most of the trusted ones. The gambling industry crept its way through the cryptocurrency industry and made a bang when proper connections were in place. Of course, what do you expect from a gambling platform that isn't as strict as the traditional online ones? Sure enough it will attract a lot of patrons and regulars, including the big fishes in the sea. Add to the lenient rules the generous bonuses that these crypto casinos provide which adds value to the money of the gamblers. All in all, the crypto gambling market had all the right ingredients in the mix, and it will keep on growing as long as gamblers see more value for their money in these casinos than the traditional ones offer.

As long as online gambling will bring convenient, It will really grow in the future. Whales and ordinary gambler really see this as an advantage that's why it will continue to attract patrons. So I don't think that adding value to their money will be the main reason. It is the convenient that online gambling can bring minus the noisy and crowded traditional based casinos.

And I think this is one of the main factors that will push online gambling to old and new players. And for the record, land based casino is not that strict, you can just go enter depending on the age restrictions.

aside from the convenience of online gambling. several of the reputable casino sites here are not requiring KYC so i guess that's one major factor also. because most gamblers want anonymity about their gambling habits, and so not submitting their kyc docs is a big plus for them

Indeed, especially for those country where gambling is illegal, I think they can bypass that by using a VPN to change or hide their original IP address but the moment the site will require a KYC, then that would be a huge problem as you can't change your ID, if you fake it then probably you'll face trouble once you are caught. If this anonymous gambling will continue to exist, then no doubt crypto casinos will also continue to grow, and not only that, it would affect the whole crypto market as these gamblers would also notice the market as a good potential for investment, at least for some legit coins/tokens and projects only.

[Rodeo02]

Just goes to show us how big and how deep the rabbit hole gets. There are tons of crypto casinos with 'high rollers' losing hundreds of BTCs in an instant, and it's not just one casinos but most of the trusted ones. The gambling industry crept its way through the cryptocurrency industry and made a bang when proper connections were in place. Of course, what do you expect from a gambling platform that isn't as strict as the traditional online ones? Sure enough it will attract a lot of patrons and regulars, including the big fishes in the sea. Add to the lenient rules the generous bonuses that these crypto casinos provide which adds value to the money of the gamblers. All in all, the crypto gambling market had all the right ingredients in the mix, and it will keep on growing as long as gamblers see more value for their money in these casinos than the traditional ones offer.

As long as online gambling will bring convenient, It will really grow in the future. Whales and ordinary gambler really see this as an advantage that's why it will continue to attract patrons. So I don't think that adding value to their money will be the main reason. It is the convenient that online gambling can bring minus the noisy and crowded traditional based casinos.

And I think this is one of the main factors that will push online gambling to old and new players. And for the record, land based casino is not that strict, you can just go enter depending on the age restrictions.

not only because it's convenient Online gambling is really helpful Especially since we are in this situation and can not just socialize outside to gamble and play with other people. Online gambling help in a way that you can still do what you like to do without the need of face to face contact to other players. You can still enjoy and play it at home with other players.

[Debonaire217]

not only because it's convenient Online gambling is really helpful Especially since we are in this situation and can not just socialize outside to gamble and play with other people. Online gambling help in a way that you can still do what you like to do without the need of face to face contact to other players. You can still enjoy and play it at home with other players.

I heard that there are some casinos opened up now despite of the pandemic, though for people that wants to really secure their health, online gambling is the way to do it. What I just don't like in online gambling is that it doesn't give you the same feeling when you are in a physical casino, but there's a guarantee that in terms of winning, you can get the same amount since your wins sometimes depends on how much you've bet. On the other hand, there are games that has a jackpot prize, such as roulette in which you can still test your luck to the fullest.

[Gotumoot]

We could never know the exact details on how big the crypto gambling industry is right now we have so many gambling sites and it would be hard to track all of it since some of them are not regulated.
But I am sure that there are so many people who lose too much on it and there are some who live their dream lives because of it.
The gambling industry is so successful and the living proof is the old gambling sites that are still running up to this day and still making a huge profit because of it.

[TravelMug]

Just goes to show us how big and how deep the rabbit hole gets. There are tons of crypto casinos with 'high rollers' losing hundreds of BTCs in an instant, and it's not just one casinos but most of the trusted ones. The gambling industry crept its way through the cryptocurrency industry and made a bang when proper connections were in place. Of course, what do you expect from a gambling platform that isn't as strict as the traditional online ones? Sure enough it will attract a lot of patrons and regulars, including the big fishes in the sea. Add to the lenient rules the generous bonuses that these crypto casinos provide which adds value to the money of the gamblers. All in all, the crypto gambling market had all the right ingredients in the mix, and it will keep on growing as long as gamblers see more value for their money in these casinos than the traditional ones offer.

As long as online gambling will bring convenient, It will really grow in the future. Whales and ordinary gambler really see this as an advantage that's why it will continue to attract patrons. So I don't think that adding value to their money will be the main reason. It is the convenient that online gambling can bring minus the noisy and crowded traditional based casinos.

And I think this is one of the main factors that will push online gambling to old and new players. And for the record, land based casino is not that strict, you can just go enter depending on the age restrictions.

not only because it's convenient Online gambling is really helpful Especially since we are in this situation and can not just socialize outside to gamble and play with other people. Online gambling help in a way that you can still do what you like to do without the need of face to face contact to other players. You can still enjoy and play it at home with other players.

It's just magnify because of the current situation we are in. You are a gambler, but you can't go out and socialise and go to your favourite land base casino. So you go online learn how to get crypto, deposit and play and that's it. So win-win situation. Just short of saying that maybe in the next 5 years we will see online gambling getting into mainstream.

[TheUltraElite]

aside from the convenience of online gambling. several of the reputable casino sites here are not requiring KYC so i guess that's one major factor also. because most gamblers want anonymity about their gambling habits, and so not submitting their kyc docs is a big plus for them

It is a plus but there are money launderers too whom are the reason why they have to do a KYC and also cheaters who attempt to use more than one device per IP and use it to self refer users. Some casinos have strict rules regarding such abuse.

well of course when more and more people stay silent at home then more people will try to do activities at home and try to find information to get money so that they will search like a casino and other gambling venues to be the right choice to multiply money with easy.

Lets not forget that many people are at home but they are also losing their jobs gradually and their pockets are no longer so deep that they can indulge in gambling. So with that the long term effect is supposed to be a decrease in money input from the players. Of course many are working from home but not everyone is so lucky. Students specially have suffered not being able to complete their work and their terms getting delayed.

[fiulpro]

Exec Embezzles $22M From ‘Influencer’ Marketing Firm, Spends Nearly Half on Crypto Gambling




I know this is an old article but I'm just surprised that crypto casinos is this big already.

The article says one person has lose maybe at least $10 million in a casino from a poker game, I mean, how big we are already? I'm just amazed.


Can we just discuss the market size not the gambling addiction or anything related to that?

1. When the Venezuelan president said that their casino will literally run on Petro Crypto he did showed that the Crypto casinos are here to stay .

https://calvinayre.com/2020/01/20/bitcoin/venezuela-okays-casino-petro-cryptocurrency/amp/

They are more Transparent , more secure at the same time honestly easy to track all the transactions for the government (I have no idea why governmental bodies are scared of this fact )

2. Cryptocurrencies have long been used by people who like a little desecration especially in Gambling and other games. I have seen articles mentioning how people think Bitcoins is just for gambling.

3. We cannot really get an exact number but I think Crypto casinos are more popular online as compared to normal one's where you use cash.

4. Right now in the quarantine the people who can afford to pay the casinos are all focused towards the crypto casinos since going in person might mean you will have the Corona Virus possibly.

5. It's more safe ! It's more secure ! It's more private ! I actually have never used a casino which accepted cash , only the ones running on Bitcoins. We also have a wide variety of section to choose from.

[South Park]

I am expecting the online gambling to grow too because of what is happening in the world, shops are closed due to the pandemic and so are the casinos, now if people want to gamble they probably be searching the alternative for it and so they'll find the online gambling which is more convenient than physical ones. Online gambling is a multi-million industry, just look how much a single online casino costs and wagered every day, house always win! The only issue with online gambling is the fairness of the game, well for some casino it is tested and proven, how about the new ones?

Even if the economies of the world are slowly opening their operations casinos are one of the last places to open and this is going to be good news for online gambling and for the cryptocurrency gambling industry as well, however at the same time I would like for bitcoin to have more use as a currency and not be used mainly for speculation as it is happening now, however if gambling can help spread and popularize bitcoin then this is a necessary step on the development of bitcoin we will need to go through.

[carlfebz2]

I am expecting the online gambling to grow too because of what is happening in the world, shops are closed due to the pandemic and so are the casinos, now if people want to gamble they probably be searching the alternative for it and so they'll find the online gambling which is more convenient than physical ones. Online gambling is a multi-million industry, just look how much a single online casino costs and wagered every day, house always win! The only issue with online gambling is the fairness of the game, well for some casino it is tested and proven, how about the new ones?

Even if the economies of the world are slowly opening their operations casinos are one of the last places to open and this is going to be good news for online gambling and for the cryptocurrency gambling industry as well, however at the same time I would like for bitcoin to have more use as a currency and not be used mainly for speculation as it is happening now, however if gambling can help spread and popularize bitcoin then this is a necessary step on the development of bitcoin we will need to go through.

Last place to open? You are wrong in that one because if you do try to check things up then majority of businesses do already open its doors from different industries including gambling places.

This is why i do disagree into your comment about being on last place yet this rather been prioritize by most government yet these business generates up tax which is more than or do compare to other
businesses that exist.

When in comes in talks on how this industry then no one can give out exact or precise number but its sure that it is really big if we do only just base up on the demand.

[blockman]

We could never know the exact details on how big the crypto gambling industry is right now we have so many gambling sites and it would be hard to track all of it since some of them are not regulated.

There is no exact number but sure it's a big industry and it just keeps on growing day by day. The pandemic has even gave it an advantage and purpose for those who are looking to gamble while being bored through quarantine protocols.

But I am sure that there are so many people who lose too much on it and there are some who live their dream lives because of it.
The gambling industry is so successful and the living proof is the old gambling sites that are still running up to this day and still making a huge profit because of it.

The mindset of those who will become rich through gambling is normal, I even I thought of it before when I was totally putting my life into gambling for few weeks during my earlier days.

[Natalim]

I think this old article could help to estimate how big.

Bitcoin Gamblers Have Wagered $4.5 Billion in BTC Since 2014






BTC3 wagered per minute, imagine that. I'm sure that trend increases.

[robelneo]

I think this old article could help to estimate how big.

Bitcoin Gamblers Have Wagered $4.5 Billion in BTC Since 2014






BTC3 wagered per minute, imagine that. I'm sure that trend increases.

It keeps growing I read in the article about one Bitcoin casino site with the word Bitcoin and Casino bitcoin.casino to be exact sold by a whooping $26,000 and it's not even a top-level domain, the word Bitcoin in any domain is very expensive, this what makes Bitcoin the most desired niche in the internet and gambling is one of its forefront.

[romero121]

I think this old article could help to estimate how big.

Bitcoin Gamblers Have Wagered $4.5 Billion in BTC Since 2014






BTC3 wagered per minute, imagine that. I'm sure that trend increases.

That's really big value when calculated in terms of USD. Regularly we get to see more and more number of casinos and sports betting websites with cryptocurrency acceptance. The gambling market too contributes big to the economy directly and indirectly. As siad in the quote this trend will surely increase over the years.

[matchi2011]

I think this old article could help to estimate how big.

Bitcoin Gamblers Have Wagered $4.5 Billion in BTC Since 2014






BTC3 wagered per minute, imagine that. I'm sure that trend increases.

That's really big value when calculated in terms of USD. Regularly we get to see more and more number of casinos and sports betting websites with cryptocurrency acceptance. The gambling market too contributes big to the economy directly and indirectly. As siad in the quote this trend will surely increase over the years.

If being calculated to USD and which ATH of bitcoin might it be? but yes we can all agree that this industries is keeps
on growing and the money that's involve are already huge, everything now is based from how the market continues to
grow and it's a continuous process and more will be added from time time as long as there are business that continue
to established.

[Japinat]

I think this old article could help to estimate how big.

Bitcoin Gamblers Have Wagered $4.5 Billion in BTC Since 2014






BTC3 wagered per minute, imagine that. I'm sure that trend increases.

That's really big value when calculated in terms of USD. Regularly we get to see more and more number of casinos and sports betting websites with cryptocurrency acceptance. The gambling market too contributes big to the economy directly and indirectly. As siad in the quote this trend will surely increase over the years.

If being calculated to USD and which ATH of bitcoin might it be? but yes we can all agree that this industries is keeps
on growing and the money that's involve are already huge, everything now is based from how the market continues to
grow and it's a continuous process and more will be added from time time as long as there are business that continue
to established.

The trend started in 2014, so probably it was already increased by a big number now considering we have a lot of operating crypto casinos now compared to the past, maybe x10, so that would be 30 btc per minute, which is equals to 280,000 usd, not impossible figure since we are just talking of the amount of bets, not the actual amount casinos are making.

[btc78]

I think this old article could help to estimate how big.

Bitcoin Gamblers Have Wagered $4.5 Billion in BTC Since 2014






BTC3 wagered per minute, imagine that. I'm sure that trend increases.

4.5$ billion in 2014?so what more after 6 years when we already knew how much money  wagered in gambling each day.

and as  gambler i also know how much i am spending each time i gamble.

so yeah we are having large amount involved here.

[stadus]

I think this old article could help to estimate how big.

Bitcoin Gamblers Have Wagered $4.5 Billion in BTC Since 2014






BTC3 wagered per minute, imagine that. I'm sure that trend increases.

4.5$ billion in 2014?so what more after 6 years when we already knew how much money  wagered in gambling each day.

and as  gambler i also know how much i am spending each time i gamble.

so yeah we are having large amount involved here.

That was on wagered only, this site alone has over $3 billion wagered already, so that's very little if get the total from all crypto gambling sites.

[TopT3ns]

I think this old article could help to estimate how big.

Bitcoin Gamblers Have Wagered $4.5 Billion in BTC Since 2014






BTC3 wagered per minute, imagine that. I'm sure that trend increases.

4.5$ billion in 2014?so what more after 6 years when we already knew how much money  wagered in gambling each day.

and as  gambler i also know how much i am spending each time i gamble.

so yeah we are having large amount involved here.

That was on wagered only, this site alone has over $3 billion wagered already, so that's very little if get the total from all crypto gambling sites.

yeah the wager image you provided is a legend website that still survives and has many users or players, imagine how rich the website developer is, at least a gambling website should be like this and can provide many choices or bonuses that can be claimed every hour and provide opportunities for the players to try.

[michellee]

yeah the wager image you provided is a legend website that still survives and has many users or players, imagine how rich the website developer is, at least a gambling website should be like this and can provide many choices or bonuses that can be claimed every hour and provide opportunities for the players to try.

That gambling site still runs until now, and that is normal if they can get that huge money because we know that many gamblers are still playing on that site. We can claim every hour of the free coins if we don't want to gamble, and they allow us to do that. But we can not expect to get big money from that because the reward will adjust to the bitcoin price.

[Kasabus]

yeah the wager image you provided is a legend website that still survives and has many users or players, imagine how rich the website developer is, at least a gambling website should be like this and can provide many choices or bonuses that can be claimed every hour and provide opportunities for the players to try.

That gambling site still runs until now, and that is normal if they can get that huge money because we know that many gamblers are still playing on that site. We can claim every hour of the free coins if we don't want to gamble, and they allow us to do that. But we can not expect to get big money from that because the reward will adjust to the bitcoin price.

Not only that, they are in the gambling industry for more than 5 years already, they are one of the pioneers here in crypto gambling industry. And look at their ranking and number of visits, you can tell why they are profitable. https://www.similarweb.com/website/freebitco.in/
 

[finaleshot2016]

yeah the wager image you provided is a legend website that still survives and has many users or players, imagine how rich the website developer is, at least a gambling website should be like this and can provide many choices or bonuses that can be claimed every hour and provide opportunities for the players to try.

That gambling site still runs until now, and that is normal if they can get that huge money because we know that many gamblers are still playing on that site. We can claim every hour of the free coins if we don't want to gamble, and they allow us to do that. But we can not expect to get big money from that because the reward will adjust to the bitcoin price.

Not only that, they are in the gambling industry for more than 5 years already, they are one of the pioneers here in crypto gambling industry. And look at their ranking and number of visits, you can tell why they are profitable. https://www.similarweb.com/website/freebitco.in/

When I discover cryptocurrency, freebitco.in was the first website I saw on the google search bar and claimed a lot of bitcoin there. Imagine that I save those BTC last 4 years, maybe I earned a lot of profit on their platform through freerolls. Now that they're very popular and many gamblers are using their site, probably, they're earning millions of money per month. That's how a gambling platform big right now and can't imagine that online gambling platforms will be in the mainstream for many people. The developers are lucky because they gained a lot on creating a crypto gambling platform and it's a brilliant thing to enter the crypto industry.

[bitbunnny]

yeah the wager image you provided is a legend website that still survives and has many users or players, imagine how rich the website developer is, at least a gambling website should be like this and can provide many choices or bonuses that can be claimed every hour and provide opportunities for the players to try.

That gambling site still runs until now, and that is normal if they can get that huge money because we know that many gamblers are still playing on that site. We can claim every hour of the free coins if we don't want to gamble, and they allow us to do that. But we can not expect to get big money from that because the reward will adjust to the bitcoin price.

Not only that, they are in the gambling industry for more than 5 years already, they are one of the pioneers here in crypto gambling industry. And look at their ranking and number of visits, you can tell why they are profitable. https://www.similarweb.com/website/freebitco.in/
 

The sad thing is that there are not so many trustworthy and long running gambling sites like this is. But that is the guarantee they will survive and attract even more players if they keep that way. I always prefere ti stick to the sites like this one where I know I have quality and security instead of trying new ones all the time thinking they will offer something more.

[South Park]

Even if the economies of the world are slowly opening their operations casinos are one of the last places to open and this is going to be good news for online gambling and for the cryptocurrency gambling industry as well, however at the same time I would like for bitcoin to have more use as a currency and not be used mainly for speculation as it is happening now, however if gambling can help spread and popularize bitcoin then this is a necessary step on the development of bitcoin we will need to go through.

Last place to open? You are wrong in that one because if you do try to check things up then majority of businesses do already open its doors from different industries including gambling places.

This is why i do disagree into your comment about being on last place yet this rather been prioritize by most government yet these business generates up tax which is more than or do compare to other
businesses that exist.

When in comes in talks on how this industry then no one can give out exact or precise number but its sure that it is really big if we do only just base up on the demand.

I do not know how things are in your country but where I live places where massive gatherings happen are still closed and will be the last businesses to open according to the government and casinos are among them so what I am saying is true at least where I live, and this is because even if those places can generate a lot of revenue and tax for the government they are afraid that if they open those places to the public the pandemic is going to get out of control.

[bitcoinst]

True, most of these gamblers purchase in over the counter method, so authorities wouldn't track them especially if that country is strict with digital assets and most country's including mine prohibits online gambling. So using anonymous cryptocurrency is the way to gamble. The data or statistics for volume of crypto gamblers might not be accurate.

Why use anonymous cryptocurrency if you can use any? It all depends on how you will purchase cryptocurrency, whether your bank will ban attempts to buy cryptocurrency from a credit card.
In any case, you can always use one of the many exchange services through which it is impossible to understand exactly where your money was sent.
Almost all cryptocurrency casinos lack a verification system, which helps you stay anonymous even more.

[carriebee]

We could never know the exact details on how big the crypto gambling industry is right now we have so many gambling sites and it would be hard to track all of it since some of them are not regulated.
But I am sure that there are so many people who lose too much on it and there are some who live their dream lives because of it.
The gambling industry is so successful and the living proof is the old gambling sites that are still running up to this day and still making a huge profit because of it.

I have heard there are others building a new casino online because of this pandemic people are into playing online games. Is there really an accurate number? Those old sites are still running because they have the trust already of the users in terms of its security and continued improvement on their site. So we don't know indeed how big is the crypto gambling industry users since mostly these days of a pandemic for sure it is increasing.

[Lanatsa]

We could never know the exact details on how big the crypto gambling industry is right now we have so many gambling sites and it would be hard to track all of it since some of them are not regulated.
But I am sure that there are so many people who lose too much on it and there are some who live their dream lives because of it.
The gambling industry is so successful and the living proof is the old gambling sites that are still running up to this day and still making a huge profit because of it.

I have heard there are others building a new casino online because of this pandemic people are into playing online games. Is there really an accurate number? Those old sites are still running because they have the trust already of the users in terms of its security and continued improvement on their site. So we don't know indeed how big is the crypto gambling industry users since mostly these days of a pandemic for sure it is increasing.

Not only crypto gambling sites are now popping up and also fiat online casinos as well since they do saw that this is an opportunity or the best time to do so because of the current pandemic situation we are in.

Talking on how big it is then there would be no accurate numbers but basing of on how big this industry is then we would able to say that this isnt just talking about few digits.

It is big and we can tell it with just our own observation.

[cabalism13]

It is big and we can tell it with just our own observation.

Just found this: (don't know when it was published though)

Juniper believes that providers in the online gambling industry, particularly in the casino space, will increasingly offer engaging products to drive user adoption and player spend; Juniper forecasts online gambling users to almost double, reaching 684 million by 2022.

Source: https://www.juniperresearch.com/online-gambling-wagers-surpass-$1-trillion

No updates thisnyear but they're already making a sure guess out of it until 2022, or maybe more than that.

[michellee]

yeah the wager image you provided is a legend website that still survives and has many users or players, imagine how rich the website developer is, at least a gambling website should be like this and can provide many choices or bonuses that can be claimed every hour and provide opportunities for the players to try.

That gambling site still runs until now, and that is normal if they can get that huge money because we know that many gamblers are still playing on that site. We can claim every hour of the free coins if we don't want to gamble, and they allow us to do that. But we can not expect to get big money from that because the reward will adjust to the bitcoin price.

Not only that, they are in the gambling industry for more than 5 years already, they are one of the pioneers here in crypto gambling industry. And look at their ranking and number of visits, you can tell why they are profitable. https://www.similarweb.com/website/freebitco.in/

That makes freebitco.in becoming one of the leaders in online crypto gambling, which still online until now. From that rankings, no wonder if freebitco.in can survive for a long time, and they still have a huge visitor who wants just to claim the faucet, playing gambling, or use their investment side.

When I discover cryptocurrency, freebitco.in was the first website I saw on the google search bar and claimed a lot of bitcoin there. Imagine that I save those BTC last 4 years, maybe I earned a lot of profit on their platform through freerolls. Now that they're very popular and many gamblers are using their site, probably, they're earning millions of money per month. That's how a gambling platform big right now and can't imagine that online gambling platforms will be in the mainstream for many people. The developers are lucky because they gained a lot on creating a crypto gambling platform and it's a brilliant thing to enter the crypto industry.

I remember those years. The years that I earn free satoshi from the freerolls. I remember the reward is about more than 10k satoshi per roll in an hour. That makes me have a chance to make at least 0.001 btc, and I have active referrals, which can give me additional satoshi. I believe they can earn millions of dollars per month because their site has a lot of visitors.

Juniper believes that providers in the online gambling industry, particularly in the casino space, will increasingly offer engaging products to drive user adoption and player spend; Juniper forecasts online gambling users to almost double, reaching 684 million by 2022.

Source: https://www.juniperresearch.com/online-gambling-wagers-surpass-$1-trillion

No updates thisnyear but they're already making a sure guess out of it until 2022, or maybe more than that.

That is because we are still facing the same problem now, but I believe that the situation will be changed in the next year or next 2 years, and I am sure their income will be bigger.

Btw, your links seems broken. It should be: https://www.juniperresearch.com/online-gambling-wagers-surpass-$1-trillion

[Janation]

I think this old article could help to estimate how big.

Bitcoin Gamblers Have Wagered $4.5 Billion in BTC Since 2014






BTC3 wagered per minute, imagine that. I'm sure that trend increases.

4.5$ billion in 2014?so what more after 6 years when we already knew how much money  wagered in gambling each day.

and as  gambler i also know how much i am spending each time i gamble.

so yeah we are having large amount involved here.

I think you misunderstood this by looking at the picture.

Based on the picture, it is 12/2014 - 2017. I think that is less than to what you are thinking but still, that is massive. Lets not forget that we are in quarantine for months so people gambling online might doubled or tripled at that time.

[cabalism13]

That is because we are still facing the same problem now, but I believe that the situation will be changed in the next year or next 2 years, and I am sure their income will be bigger.

Btw, your links seems broken. It should be: https://www.juniperresearch.com/online-gambling-wagers-surpass-$1-trillion

Thanks for fixing 😂
didn't notice that, anyways we're all hoping that this pandemic will end sooner than expected.

That makes freebitco.in becoming one of the leaders in online crypto gambling, which still online until now. From that rankings, no wonder if freebitco.in can survive for a long time, and they still have a huge visitor who wants just to claim the faucet, playing gambling, or use their investment side.

I almost forgot freebitco.in is also a gambling site LoL.

[Twinkledoe]

That is because we are still facing the same problem now, but I believe that the situation will be changed in the next year or next 2 years, and I am sure their income will be bigger.

Btw, your links seems broken. It should be: https://www.juniperresearch.com/online-gambling-wagers-surpass-$1-trillion

Thanks for fixing 😂
didn't notice that, anyways we're all hoping that this pandemic will end sooner than expected.

That makes freebitco.in becoming one of the leaders in online crypto gambling, which still online until now. From that rankings, no wonder if freebitco.in can survive for a long time, and they still have a huge visitor who wants just to claim the faucet, playing gambling, or use their investment side.

I almost forgot freebitco.in is also a gambling site LoL.

Freebitco actually is one of the pioneers here in gambling. Rain or shine, this site keeps their operations for long time. I learned how to deal with crypto because of this site. With many years in operations, crypto gambling sites already acquired tons of money. But I think crypto casinos are still behind with fiat-based online casinos. So combining these two, fiat and crypto casinos, is really huge already. And now, fiat-based casinos are now integrating crypto as payment method.

[FlightyPouch]

That is because we are still facing the same problem now, but I believe that the situation will be changed in the next year or next 2 years, and I am sure their income will be bigger.

Btw, your links seems broken. It should be: https://www.juniperresearch.com/online-gambling-wagers-surpass-$1-trillion

Thanks for fixing 😂
didn't notice that, anyways we're all hoping that this pandemic will end sooner than expected.

That makes freebitco.in becoming one of the leaders in online crypto gambling, which still online until now. From that rankings, no wonder if freebitco.in can survive for a long time, and they still have a huge visitor who wants just to claim the faucet, playing gambling, or use their investment side.

I almost forgot freebitco.in is also a gambling site LoL.

Freebitco actually is one of the pioneers here in gambling. Rain or shine, this site keeps their operations for long time. I learned how to deal with crypto because of this site. With many years in operations, crypto gambling sites already acquired tons of money. But I think crypto casinos are still behind with fiat-based online casinos. So combining these two, fiat and crypto casinos, is really huge already. And now, fiat-based casinos are now integrating crypto as payment method.

This is one of the first sites I visited when my friend asked and invited me to play dice using Satoshis I can get from their faucet. It is a bit boring at that time looking at the 3-digit price of bitcoin until I started to grow that Sats. With the bigger price and great convinience it gives to gamblers, I guess it would be more bigger and I gope sites like Freebitco.in continues to function.

[South Park]

We could never know the exact details on how big the crypto gambling industry is right now we have so many gambling sites and it would be hard to track all of it since some of them are not regulated.
But I am sure that there are so many people who lose too much on it and there are some who live their dream lives because of it.
The gambling industry is so successful and the living proof is the old gambling sites that are still running up to this day and still making a huge profit because of it.

I have heard there are others building a new casino online because of this pandemic people are into playing online games. Is there really an accurate number? Those old sites are still running because they have the trust already of the users in terms of its security and continued improvement on their site. So we don't know indeed how big is the crypto gambling industry users since mostly these days of a pandemic for sure it is increasing.

Due to the coronavirus anything that can be done online is growing in terms of their user base, many of those that gambled at physical casinos are now using online casinos whether because they are trying to protect themselves or their families or because physical casinos are still closed on their country, and when we add the huge amount of stress going on many people that were not gamblers are gambling in order to reduce that stress and deal a little bit better with their everyday lives.