How Big is the online gambling industry today?

[Pamadar]

A person who takes gambling seriously will develop some type of addiction and from there will begin to plan how to make a certain amount of money from gambling, so it's important not to take gambling seriously.

It's crazy to me that I've never seen a gambling platform warn players about gambling responsibly. It's not good for business, I guess.   

I think gambling platforms have warned players to be able to gamble responsibly but many gamblers cannot do this and instead become greedy just to chase previous wins. This makes them addicted to gambling in the future because they don't make clear boundaries in gambling. We have seen many people who eventually get addicted to gambling, losing a lot of money and everything.

But if we can be responsible with gambling, we won't become addicted to gambling and won't lose much money either. We must realize that gambling is part of entertainment and nothing more.

It's more on how a gambler will set his limitation and the budget that he will allocate to these activities.

There are gamblers who are willing to go all in as they are hoping that with big luck, they will manage to exit the house with
house amount of profits.

What happens next is the eagerness to fulfill that desire, instead of having some enjoyment while entertaining yourself
with the game you are playing, your mindsets are start developing strategy that sooner or later will lead you into addictions
as you always wanted to execute and see if the results will be in your favor.

[1714631230]

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[coinerer]

Visiting a physical casino to gamble there is a time-consuming affair.  Due to which online casinos are becoming very popular day by day.  Because here anyone can gamble at home with just one smartphone.  And in this case gambling is possible even behind the scenes.  So because of this, online casinos are now occupying a very large market. On the other hand, online casinos have become more convenient for decentralized currencies like Bitcoin, where deposits and withdrawals are very easy and huge amounts of money can be transacted without any banking hassles.  And because of this, the online casino market is growing day by day.

[blockman]

~~~

I beg to differ about Japan, it's not really banned there. As you can see, there are many Japanese that like to gamble. Just like this video, it shows a life of a Japanese casino worker so that means, that Japan isn't really banning gambling there. There could be some conditions but it's not actually stopped nor banned there.
(https://www.youtube.com/watch?v=3ouVqSaAkLY)
These articles should need to be updated and give more accurate details of what are the countries that do really prohibit gambling. But I've got an idea and most of them are Muslim countries.

Yes, this is why i did mention if this list does include out online or offline betting because some of those countries arent really that totally banning out gambling which its true that the
list or article should be at least updated because it is really that somewhat misleading if you wont really be making some indept research. Just like on what you had mentioned about
those countries are mostly muslim countries then we do know that gambling is really that prohibited.

According to the Quran, Muslims are forbidden to gamble. However, there are casinos in countries where Islam is the predominant religion, and there are numerous other countries throughout the world with casinos that focus their marketing strategies on attracting gamers from Muslim-majority countries.
Source

That's why those Muslim countries are very strict about gambling because it's against their law and they're also known as good followers. They're a perfect example being set if there's a country that's banning any type of gambling, online or offline.
I think what's interesting in Japan is that we don't know that there are also many gamblers in their country knowing that they're respectable and have a culture of being hard working. It's just like a pastime for most of them but I guess that there goes some of them that are also experiencing addiction.

[ethereumhunter]

Gambling also needs to do financial management. without doing management as you said, some gamblers will become greedy when they don't get the main win and use all their money for gambling bets. this will even harm themselves and make them even more addicted to continue gambling and want big wins.

Few of the beginners can be responsible with their gambling. just want instant wins and Jackpots that will never be obtained.

Even when they get a big win, they become more greedy and still want another big win. Humans will never feel enough even though they have won a big victory and this is where we must learn to control ourselves so that we know that what we have is enough so that we don't chase other wins. Maybe we can get it another time and not rush to try. And that is why we have to be responsible when playing gambling so that bad things don't happen like losing a lot of money.

It's more on how a gambler will set his limitation and the budget that he will allocate to these activities.

There are gamblers who are willing to go all in as they are hoping that with big luck, they will manage to exit the house with
house amount of profits.

What happens next is the eagerness to fulfill that desire, instead of having some enjoyment while entertaining yourself
with the game you are playing, your mindsets are start developing strategy that sooner or later will lead you into addictions
as you always wanted to execute and see if the results will be in your favor.

If gamblers go in with all their money hoping for a big win and think their luck will strike at that moment, they should not hope too much because no one knows when their luck will strike. They can only play while having fun and when luck comes, they can really get big wins. But if they don't, they will only lose their money and it will be difficult to recover. Sooner or later, they will lose, which means they have to limit the number of losses so they don't get big.

[kamvreto]

There are other gambling platform that has features that they will prevent addictions like you need to activate not sure what is the exact name of it but i think it was "responsible gambling" which if when you enable it there are algorithm that will stop your best or basically forced you to stop on that day, i know there are loop holes on it but still it is a good initiative from the platforms to try to hinder the addictions of a gambler, but if you are really addicted to it you will really find ways to counter it.

A good feature for the gambler is not to become an addict. But is this feature applied to several popular gambling platforms? Gambling platforms want a lot of profit from everyone, if they use the anti-addiction feature, they will earn a little.
But despite all that, each gambling platform has its own rules and there will be a warning that gambling will carry high risks.

[lizarder]

Visiting a physical casino to gamble there is a time-consuming affair.  Due to which online casinos are becoming very popular day by day.  Because here anyone can gamble at home with just one smartphone.  And in this case gambling is possible even behind the scenes.  So because of this, online casinos are now occupying a very large market. On the other hand, online casinos have become more convenient for decentralized currencies like Bitcoin, where deposits and withdrawals are very easy and huge amounts of money can be transacted without any banking hassles.  And because of this, the online casino market is growing day by day.

Not all places provide physical casinos in several areas and very few find physical casinos in my area, so the presence of online casinos has been truly fast progress in terms of the gambling industry. In the past we only placed bets on the manual lottery sponsored by several agents and most of them could not make payments when customers get a big win, so talking about the comfort is far more different from the online casino that exists today.

Online casinos are much easier and the risk of losing money is much smaller due to deliberately run fraud, unless we enter the site that is not clear and has no good reputation. The convenience provided by Casino Online makes a big encouragement so that this business continues to grow.

[coinerer]

Visiting a physical casino to gamble there is a time-consuming affair.  Due to which online casinos are becoming very popular day by day.  Because here anyone can gamble at home with just one smartphone.  And in this case gambling is possible even behind the scenes.  So because of this, online casinos are now occupying a very large market. On the other hand, online casinos have become more convenient for decentralized currencies like Bitcoin, where deposits and withdrawals are very easy and huge amounts of money can be transacted without any banking hassles.  And because of this, the online casino market is growing day by day.

Not all places provide physical casinos in several areas and very few find physical casinos in my area, so the presence of online casinos has been truly fast progress in terms of the gambling industry. In the past we only placed bets on the manual lottery sponsored by several agents and most of them could not make payments when customers get a big win, so talking about the comfort is far more different from the online casino that exists today.

Online casinos are much easier and the risk of losing money is much smaller due to deliberately run fraud, unless we enter the site that is not clear and has no good reputation. The convenience provided by Casino Online makes a big encouragement so that this business continues to grow.

Another possible reason is that there are very few physical casinos in the country and there are still many countries where casinos are still illegal. due to the existence of online casinos, gambling is being played even in banned countries, many people are using vpn online and because of this, the online casino industry is growing. again, the casino sites offer live casinos which make them look more realistic, so online casinos are now the most preferred place for all gamblers.

[dezoel]

In the past gambling platforms used to start from the scratch with small investment. This means they've very limited number of games and from there slowly add more games and keep on reinvesting what they've made out of the business. Now things were different as the competence is quite high. This had made casino business owners to be millionaires, only then they were able to stand against the leading platforms. The gambling industry have grown big over time, and the online gambling have given access for all levels of people to experience gambling.

You are right that the cost of creating an online casino is pretty high these days mainly due to development and game providers fees, and also hiring people for management of the platform since it is not something that one can do alone or with only a couple of people, there needs to be developers, customer support agents, server managers, and a lot more.

On top of everything, marketing and promotional costs are touching the sky these days, and without proper marketing, a platform doesn't prosper at all. It is a good marketing strategy that can give a great initial boost to a platform after the launch.

[spiker777]

The global online gambling market size was valued at USD 63.53 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 11.7% from 2023 to 2030. The growing internet penetration and rise in the use of mobile phones among users for playing online games is increasing the demand for online gambling. For instance, in 2022, internet penetration in the U.S. was 92% of the country's total population. Furthermore, cultural and legalization approval, easy access to online gambling, celebrity endorsements, and corporate sponsorships are also helping market growth.

Source

Based on type, the global online gambling market is segmented into poker, sports betting, casinos, and others. The sports betting segment is expected to gain a substantial market share in the forecast period due to the growth of the sports betting industry driven by the effective use of computers and cell phones to place wagers on sporting events.

Source

When you summarize it, it all goes down to the "easy access" of the gambling sites in the world.
Cell phones/smart phones - If there is no application available for the gambling site, you can always use the browser of phone instead, if it won't work in mobile view then, you can use other browsers that have the feature of "desktop view". It's actually easy nowadays to create a solution for small problems like this.
Desktop/Laptops - According to ACS (American Community Survey) 89 percent of household today have a desktop or a laptop in their place. Internet connection is not a problem anymore because they are offering cheap prices for 10-25 mbps speed. Gambling sites doesn't need a super speed internet just to access it, most of them are text-based websites so loading a page won't be that long.

Marketing - We can now see celebrities endorsing the gambling sites. Even our heroes in the sport can now be paid to put the name of the gambling site in their shirts or jerseys or if they want more money, they can use their tongue and say the name of the site. Sponsorship. Every time we watch a sports event, any sport, you name it, we see their names being flashed on the screen.

According to the articles shared, sports betting will have the highest market gain in the next few years.
What do you think?

it is not really surprising to see all those data and know how big the Gambling industry is. because of all the craze of gambling going on. offline (real life) gambling was already a huge industry and then the internet made it even bigger because now it is easy for individuals and people with low amounts of money to do gambling. that's the biggest reason why online gambling is so huge.
also endorsements of big influencers and celebraties attracting millions of people into gambling. a lots of their followers start gambling by seeing their favorite personalities promoting them.

[tusandii]

Visiting a physical casino to gamble there is a time-consuming affair.  Due to which online casinos are becoming very popular day by day.  Because here anyone can gamble at home with just one smartphone.  And in this case gambling is possible even behind the scenes.  So because of this, online casinos are now occupying a very large market. On the other hand, online casinos have become more convenient for decentralized currencies like Bitcoin, where deposits and withdrawals are very easy and huge amounts of money can be transacted without any banking hassles.  And because of this, the online casino market is growing day by day.

Not all places provide physical casinos in several areas and very few find physical casinos in my area, so the presence of online casinos has been truly fast progress in terms of the gambling industry. In the past we only placed bets on the manual lottery sponsored by several agents and most of them could not make payments when customers get a big win, so talking about the comfort is far more different from the online casino that exists today.

Online casinos are much easier and the risk of losing money is much smaller due to deliberately run fraud, unless we enter the site that is not clear and has no good reputation. The convenience provided by Casino Online makes a big encouragement so that this business continues to grow.

Another possible reason is that there are very few physical casinos in the country and there are still many countries where casinos are still illegal. due to the existence of online casinos, gambling is being played even in banned countries, many people are using vpn online and because of this, the online casino industry is growing. again, the casino sites offer live casinos which make them look more realistic, so online casinos are now the most preferred place for all gamblers.

Even though in some countries gambling and physical casinos are prohibited, in reality there are still several physical casinos that operate because of the protection of people in power, it's just that most gamblers prefer to gamble in online casinos because they can play from home or they are without have to go to a physical casino.
It's not that easy for countries to prohibit gambling then we can use a VPN because there are also online casinos that prohibit their users from accessing using a VPN.
What is clear from the rapid development of online casinos is caused by the convenience and more efficiency that can be obtained when gambling using online casinos.

[Huppercase]

When you summarize it, it all goes down to the "easy access" of the gambling sites in the world.
Cell phones/smart phones - If there is no application available for the gambling site, you can always use the browser of phone instead, if it won't work in mobile view then, you can use other browsers that have the feature of "desktop view". It's actually easy nowadays to create a solution for small problems like this.
Desktop/Laptops - According to ACS (American Community Survey) 89 percent of household today have a desktop or a laptop in their place. Internet connection is not a problem anymore because they are offering cheap prices for 10-25 mbps speed. Gambling sites doesn't need a super speed internet just to access it, most of them are text-based websites so loading a page won't be that long.

The internet has made outreach to people and typically, everyone can now do many things virtually without living their comfort zone and this has effected more people into gambling, there are some people through out their lifetime that has not visited a casino or any gambling house but through the internet, it has been easier from their door step, the internent also has a way of putting peer pressure among people by influencing others, some people gamble because they see their friends post about their winning and this is possible only through the help of the internet.

Marketing - We can now see celebrities endorsing the gambling sites. Even our heroes in the sport can now be paid to put the name of the gambling site in their shirts or jerseys or if they want more money, they can use their tongue and say the name of the site. Sponsorship. Every time we watch a sports event, any sport, you name it, we see their names being flashed on the screen.

According to the articles shared, sports betting will have the highest market gain in the next few years.
What do you think?

I saw a warning post about Premier League trying to limit the way clubs advertise and accept sponsorship deal from gambling sites and they will limit how people are expose to this, I think if more people continue to gamble, the government and the FIFA will be concern about it, I hope regulation don't screw the revenues they generate with all these limitations, it is possible sport betting to be the highest market gain but I fear what the regulations will do about it later due to level of addiction.

[slapper]

Visiting a physical casino to gamble there is a time-consuming affair.  Due to which online casinos are becoming very popular day by day.  Because here anyone can gamble at home with just one smartphone.  And in this case gambling is possible even behind the scenes.  So because of this, online casinos are now occupying a very large market. On the other hand, online casinos have become more convenient for decentralized currencies like Bitcoin, where deposits and withdrawals are very easy and huge amounts of money can be transacted without any banking hassles.  And because of this, the online casino market is growing day by day.

Not all places provide physical casinos in several areas and very few find physical casinos in my area, so the presence of online casinos has been truly fast progress in terms of the gambling industry. In the past we only placed bets on the manual lottery sponsored by several agents and most of them could not make payments when customers get a big win, so talking about the comfort is far more different from the online casino that exists today.

Online casinos are much easier and the risk of losing money is much smaller due to deliberately run fraud, unless we enter the site that is not clear and has no good reputation. The convenience provided by Casino Online makes a big encouragement so that this business continues to grow.

Online casinos? Tremendous. Gamble in your PJs. It's like a world-class casino right in your home, with virtual slots and digital poker. But watch out, folks, there are hidden traps.

Sure, it's convenient, but it's a wild, addictive ride. No barriers, easy to lose it all. Time, money – poof, gone. Set limits, gamble smart, or you're on a crazy, endless betting trip.

And hey, pick reputable casinos. Don't get caught in a scam site, stealing your hard-earned cash instead of a fair gamble. Research, check reviews, and keep safe. You'll thank me later.

[Tumanggor]

it is not really surprising to see all those data and know how big the Gambling industry is. because of all the craze of gambling going on. offline (real life) gambling was already a huge industry and then the internet made it even bigger because now it is easy for individuals and people with low amounts of money to do gambling. that's the biggest reason why online gambling is so huge.
also endorsements of big influencers and celebraties attracting millions of people into gambling. a lots of their followers start gambling by seeing their favorite personalities promoting them.

agree with what you said, this is the reason why in some countries it is forbidden for influencers to endorse gambling sites but it doesn't work effectively, gambling is a lucrative business, and gambling owners have many ways to make gambling more enjoyable

I never stop saying that gambling education from an early age is something that must be done by governments and non-profit organizations in various countries to avoid negative effects such as gambling addiction in young people

[Fatunad]

Visiting a physical casino to gamble there is a time-consuming affair.  Due to which online casinos are becoming very popular day by day.  Because here anyone can gamble at home with just one smartphone.  And in this case gambling is possible even behind the scenes.  So because of this, online casinos are now occupying a very large market. On the other hand, online casinos have become more convenient for decentralized currencies like Bitcoin, where deposits and withdrawals are very easy and huge amounts of money can be transacted without any banking hassles.  And because of this, the online casino market is growing day by day.

Not all places provide physical casinos in several areas and very few find physical casinos in my area, so the presence of online casinos has been truly fast progress in terms of the gambling industry. In the past we only placed bets on the manual lottery sponsored by several agents and most of them could not make payments when customers get a big win, so talking about the comfort is far more different from the online casino that exists today.

Online casinos are much easier and the risk of losing money is much smaller due to deliberately run fraud, unless we enter the site that is not clear and has no good reputation. The convenience provided by Casino Online makes a big encouragement so that this business continues to grow.

Online casinos? Tremendous. Gamble in your PJs. It's like a world-class casino right in your home, with virtual slots and digital poker. But watch out, folks, there are hidden traps.

Sure, it's convenient, but it's a wild, addictive ride. No barriers, easy to lose it all. Time, money – poof, gone. Set limits, gamble smart, or you're on a crazy, endless betting trip.

And hey, pick reputable casinos. Don't get caught in a scam site, stealing your hard-earned cash instead of a fair gamble. Research, check reviews, and keep safe. You'll thank me later.

Yeah, its just that turns out to be a basic stuff considering that we are on an era which it is really that almost digitalized on which there are things which can already be done through online and on the convenience on
accessing out something on the convenience of your own home as long you do have some mobile device or pc and as long it does have internet connection on which it would really be making things that possible.
Due to accessibility then there would be no problems on accessing up things like this, which means that you should really be the ones who would really be needed to be that responsible
in speaking about on dealing up with something. Gambling industry becomes so that big because there are lots of gamblers who do really tend to play and do hang up with these platforms
just to have that entertainment or leisure times.

[Woodie]

The gambling industry was valued at USD 63.53 billion a year ago, now imagine today with the digital age picking  pace at a fast face, and not forgetting the corona virus that happened  that has forced some people to just avoid these crowded places and try to play from their comfort zones and gamble away...

I guess gambling isn't stopping or reducing any time soon, hope the industry isn't producing addicts at a fast pace such that these casinos nolonger have the self exclusion policies running because  the money coming in is good for them 

[maydna]

it is not really surprising to see all those data and know how big the Gambling industry is. because of all the craze of gambling going on. offline (real life) gambling was already a huge industry and then the internet made it even bigger because now it is easy for individuals and people with low amounts of money to do gambling. that's the biggest reason why online gambling is so huge.
also endorsements of big influencers and celebraties attracting millions of people into gambling. a lots of their followers start gambling by seeing their favorite personalities promoting them.

agree with what you said, this is the reason why in some countries it is forbidden for influencers to endorse gambling sites but it doesn't work effectively, gambling is a lucrative business, and gambling owners have many ways to make gambling more enjoyable

I never stop saying that gambling education from an early age is something that must be done by governments and non-profit organizations in various countries to avoid negative effects such as gambling addiction in young people

The convenience of the internet gives online gambling the opportunity to develop and attract many people so that casinos can get a lot of profit from the gambling business. And this makes many people want to become influencers because they see the tremendous potential to earn income from videos uploaded to social media.

And actually, to prevent someone from being tempted to play gambling requires self-control from an early age. Children should be told that gambling can ruin their lives so that their children will not try it. The development of the gambling business, especially online gambling, can make children interested in playing gambling because of invitations from their friends.

[hyudien]

Not surprised by the statistics and the numbers, I mean even before the pandemic online gambling industry is booming. But during the Covid-19 lockdowns, every gambler stays at home and obviously they can still continue to do their gambling activity when mobile devices such as cell phones, PC/Laptop and tablets.

This is true, but in some countries you must have felt how the increase in gambling started more aggressively during the pandemic. Even people who have never gambled because they spend a lot of time at home with their cell phones and casino ads are getting out of control. Before the pandemic, search stability on Google for online casinos was more normal. For example, in the country where I live and personally when I visit various places, everyone plays online gambling. Of course I'm trying to ask a simple question: when did you become familiar with online gambling? 75% answered that when the pandemic started due to decreased income they took a riskier choice, namely gambling. Another answer is that they have been gambling conventionally for a long time, but because of the pandemic they have switched from offline gambling to online gambling.

[lizarder]

Another possible reason is that there are very few physical casinos in the country and there are still many countries where casinos are still illegal. due to the existence of online casinos, gambling is being played even in banned countries, many people are using vpn online and because of this, the online casino industry is growing. again, the casino sites offer live casinos which make them look more realistic, so online casinos are now the most preferred place for all gamblers.

Are very few physical casinos in our area, so there are more than just reasons why online casinos continue to grow and thrive in the industry today. The convenience offered by online casinos makes people think that they don't need a third party to gamble, so gambling can be done anywhere, relying only on smartphones and internet networks, while physical casinos take time for us to come directly there and are also not available in rural areas.

Regarding the banning of gambling sites maybe this can be circumvented by using a VPN, this is not a big problem because technology is very developed. In my opinion, the factors that make online gambling develop are due to the convenience it offers and the technology that is currently highly developed.

[danherbias07]

it is not really surprising to see all those data and know how big the Gambling industry is. because of all the craze of gambling going on. offline (real life) gambling was already a huge industry and then the internet made it even bigger because now it is easy for individuals and people with low amounts of money to do gambling. that's the biggest reason why online gambling is so huge.
also endorsements of big influencers and celebraties attracting millions of people into gambling. a lots of their followers start gambling by seeing their favorite personalities promoting them.

Exactly. Another reason is the cheaper way to gamble. Just looking at the bets being made on Stake.com, made me realize how cheap a bet could be as long as the minimum set by a gambling site is way below how it used to be.
$1 is already a small amount but I can see bets in just tens or hundreds of satoshis which when converted is not even a cent of a dollar. That's a good thing for those who just like playing the game and don't really want to end up being broke in the process. The gamblers who make this just a hobby and don't want to spend too much money for the sake of their betting routine.
I actually like that kind of feature of gambling sites now. It gives a chance to those who are just aiming for jackpot bets, high-risk high profits ways, and long parlays.
Easy access, cheap bets, cheap withdrawal fees, and the safety of playing at your own house. I don't think there's more to ask for.

[Webetcoins]

Even though in some countries gambling and physical casinos are prohibited, in reality there are still several physical casinos that operate because of the protection of people in power, it's just that most gamblers prefer to gamble in online casinos because they can play from home or they are without have to go to a physical casino.
It's not that easy for countries to prohibit gambling then we can use a VPN because there are also online casinos that prohibit their users from accessing using a VPN.
What is clear from the rapid development of online casinos is caused by the convenience and more efficiency that can be obtained when gambling using online casinos.

When an online casino doesn't provide services in a country, it might be possible for people from that country to access the casino but they will surely face problems if they are asked for KYC since they will need to provide documents that will let the casino management know that the people are not from an allowed country.

Generally, I believe that cryptocurrency casinos should be accessible worldwide since cryptocurrencies are available everywhere, but mainly because of their licenses and rules, and regulations, they don't accept players from certain regions.