how big?

[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.