How Big is the online gambling industry today?

[Fivestar4everMVP]

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.

Even with the licenses, rules and regulations, crypto currency casinos should still be accessible to every one in every country because, as of now, no country in particular have come up with a full crypto currency regulation, and until this happens, casino are free to accept crypto deposits and withdrawals from any country.

It is when a country come out with its crypto regulations laws and rules, which is not acceptable to the casino, then they can start declining crypto deposits and withdrawal, infact, stop gamblers from such country from using their casino, most especially, if they wil he depositing and withdrawing in crypto.

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[Silberman]

What middle class? There is no middle class left. Not in the US, not in the rest of the world. Actually there are only 2 types of players in gambling. 1) The rich, 2) The poor. There isn't anything between. The big casinos want to attract the rich people and the others are getting the poor. Poor people are also the perfect addicts because they don't have anything to lose other than what they got as a paycheck that month and every new month is a chance to get rich. So they will be playing forever till they die and 99.99% of them die poor.

You are right that the middle class is disappearing at an alarming rate, however they are maintaining the illusion they still exist by getting debt and making expensive travels to places like Las Vegas and putting it on their credit cards, however my point is that even that is about to disappear and when that happens all of those casinos aiming to get those type of clients will simply disappear too as there will not be enough people to sustain them.

I don't understand why a casino would aim to get customers or gamblers from a certain class and why won't they aim to get gamblers from every class. A small casino would also want to have rich gamblers use their platform and getting them would obviously be their first priority since that brings in more profits and more opportunities for them to grow.

So what casinos basically want is people that have money with them, whether they are rich or poor or from the middle class, they don't care. All they need is someone sitting on a table or in front of a pc or having a smartphone, placing bets on one of the games, because that is what keeps their business running.

What you are describing is possible for online casinos to do but it is obvious that we were referring to physical casinos during this conversation, and for them what you are describing is impossible, think of those casinos as you think of restaurants, there are restaurants that cater to the richest and someone with a modest income could never dream to eat there as they would need to use a week or even a larger share of  their salary just to eat once there.

[Slow death]

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.

these days I saw a new casino and scam that when I tried to access the casino I received a message that I did not have permission to access the casino, something very ridiculous and meaningless since my country is not on the list of restricted countries and in my country it is a friendly country with gambling and casinos, so much so that there are many betting sites operating in my country and it has a physical office in my country, but as I just wanted to see some information to alert people that the casino is a scam, so no I minded not being able to access the casino scam


this online cryptos casino market has grown a lot to the point where there are many cryptos online casinos and today we see some cryptos online casinos that are sponsoring soccer teams, that are sponsoring big soccer leagues, they are sponsoring UFC athletes so it is a market that is growing a lot and that it is quickly gaining a good reputation, of course it must not have been easy to get here because scammers are the biggest retarders of development when they create scam casinos, but even scam casinos are reducing a lot, because people are being more careful in the choice of casinos that they will use

[tusandii]

-snip-

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.

It's true, but if people who live in banned countries continue to access using a VPN, it will actually be at risk because the casino can suspect it to the point where the account will be banned.
Actually, you don't need to worry about KYC problems because there are several casinos that are trusted but are not KYC.
The only way for those who live in a restricted country is to choose a casino that allows access with a VPN and does not have KYC requirements so they can still gamble without having to think about other things that make them uncomfortable.

Yes, and that is a policy that must always be followed, but we can ask their representatives and support about continuing to access using a VPN, whether it is allowed.
A few months ago I asked a representative for one of the casinos here and he even talked to their support and in the end VPN was indeed allowed with certain conditions.

[xSkylarx]

It's only going to get bigger and bigger too..I mean we are just touching the very TIP of the online gambling industry.  Here in the United States laws around gambling have become much more relaxed, especially in states like my own, Illinois, where gambling has been legalized across the board..however even here for many online casinos you have to initially set up your account using the casinos IP address.  Then you can bet anywhere, but must set up the account at the casino to start.  Before long this will no longer be a requirement for casinos across the country, which will only had to this explosion.  Then the rest of the world will follow the western world before long as follow suit...again, just the tip is where we are right now.

With everything going digital, yes it's gonna get bigger. When our government launched the digital wallet for our local currency, local casinos are also launching their version of online casinos. After months of it, we already heard people lost their fortune over online gambling.

Thats one manifestation that online gambling is really getting bigger and there is no sign of it going slow while influencers promote casinos as well.

this is really also a problem as it will attract more newbies to gamble that is why there are a lot of people that educating other people by teaching them the risk towards gambler and other are having free consultation or mental support through online to those who are addicted to gambling. I hope that you government will also like have program for those addicted to gambling and not just focusing to on regulating those casinos

If you look carefully at the rapid development of gambling and the scant development of assistance to gamblers, their rehabilitation, as well as preventive measures aimed at explaining the principles of gambling to schoolchildren and students, you can conclude that the governments of many countries just pretend to care about the population. In reality they care only about taxes coming into the treasury and the laws which they adopt in most cases are aimed not at protection of the unprotected population, but at their own benefit.

That is also something I noticed. Let's say here in our country, there are a lot of legal casinos, but there are also illegal ones, and when they see that they aren't paying taxes, those illegal ones are all gone in just one year, and it is difficult to operate like those illegal casinos. Unlike before, when it was still not that regulated, when there are big casinos, they now see that they are the ones paying taxes, and it is huge. When it comes to really big money, the government will act fast, and I don't really see rehabilitation coming from the government, or I haven't just noticed it. Most of those NGOs are taking care of those gamblers.

[demonica]

People are being more dependent on technology nowadays and the way it moved so fast probably because the pandemic contributed to it. During those times, we are not allowed to go out and we can't go on our normal days so online gambling emerges. Online gambling doesn't need to have physical contact and just like what you've said, it's accessible to a lot of people. One thing I also noticed is more people are discovering and learning about online payments and e-wallets so when you have those things and you know how to use it, it'll be easier for you to gamble and do transactions online. Now that the technology is advanced, for sure, in the future it'll be bigger and more people will shift to online gambling

[Ondekinecakabilirim]

Gambling is a phenomenon in our lives. It is a phenomenon as old as human history. In ancient times, people gambled by making dice from animal bones in cave cavities. The technological advances we have today make it easier for us to gamble. It's not hard to predict that the market will grow as gambling becomes easier. Companies that develop new applications and interesting new games will get what they deserve from this market. I have no doubt that statistics in this sector will always get better. Because all conditions are favorable for this to happen.

[CarnagexD]

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.

The universe of gambling, folks, it's like an engrossing thriller! Despite the iron-clad laws, brick-and-mortar casinos somehow keep rolling, courtesy of their high-powered patrons. But, guess what? Today's bettors have a fantastic shortcut to quench their wagering thirst – the world wide web! They can hit the jackpot from their living room, the ultimate convenience!

But wait! It's not all peaches and cream in this game! Some try to dupe the system with VPNs, but the internet casinos are no fools. They have their ways to sniff out VPN tricksters, so no sneaking past their digital walls! And let's not forget the KYC hoop - those from the no-play zones might hit a snag when it comes to document validation. Quite a maze, huh?

And imagine this: what if everyone could access crypto casinos? Cryptos are like elusive unicorns in the finance world, galloping without borders! But alas, licenses and laws rain on our dreams, barring players from certain locales from the crypto casino party. Life's a paradox, don't you think?

Maybe that's why no wonder that casinos are growing faster than we could imagine. However, both have advantages and disadvantages, both to the gamblers, casinos or the house, and the normal people who don't have any idea that these things do exist.

These online platforms provided nowadays are easily accessible which means it is also easier for irresponsible gamblers to lose their money and their house. Vice versa to those winning gamblers, it's easier for them to make money. In terms of KYC which corresponds to crypto gambling, the security of who you are doing transactions with was a big risk. But  a big advantage to those who wants to remain their identity anonymous.

Life's a paradox indeed. And in gambling, it will either build you up or break you down.

[ethereumhunter]

Gambling is a phenomenon in our lives. It is a phenomenon as old as human history. In ancient times, people gambled by making dice from animal bones in cave cavities. The technological advances we have today make it easier for us to gamble. It's not hard to predict that the market will grow as gambling becomes easier. Companies that develop new applications and interesting new games will get what they deserve from this market. I have no doubt that statistics in this sector will always get better. Because all conditions are favorable for this to happen.

Undeniably, the technology experts invented has helped develop a business. These companies use technology and implement their ideas into a site where it can attract many people to use it. And that's what happened in the gambling business. The development of increasingly advanced technology has made the gambling business grow as well and can reach more people to play gambling easily. And all businesses will grow to be more advanced, not just the gambling business, and there will be lots of new people who want to play gambling at each casino.

[Yamifoud]

Gambling is a phenomenon in our lives. It is a phenomenon as old as human history. In ancient times, people gambled by making dice from animal bones in cave cavities. The technological advances we have today make it easier for us to gamble. It's not hard to predict that the market will grow as gambling becomes easier. Companies that develop new applications and interesting new games will get what they deserve from this market. I have no doubt that statistics in this sector will always get better. Because all conditions are favorable for this to happen.

Ancient people considered gambling as a meeting event and it continue to influence young people. As we can see, it keeps on growing and spreading across the globe but too unfortunate that nowadays, the majority of gamblers considered this as another source of income, not for pleasure and entertainment anymore. While these casinos see the massive growth of gamblers, they also see the opportunity to earn more profit. And they build and create gambling sites (offline/online) to provide satisfaction to these gamblers and become rich while these gamblers waste their money.

[bitterguy28]

while we here in Bitcointalk/crypto market already knew how popular the online gambling years ahead  yet the pandemic thought many gamblers in finding their way to extend their gaming while Casino Houses are closed due to the pandemic.
and yes many of them stays playing here in online specially crypto casino as they find it more appropriate as they are playing while having a chance to invest/stake and earn.

     ..and it has been called that in 3 years time this will be the statistics



check the source SOURCE

       -and I think that there are more to come as we are the witnesses of how Gambling Online is increasing day by day as we are having new site posted here in Bitcointalk.

[BobK71]

Gambling is a phenomenon in our lives. It is a phenomenon as old as human history. In ancient times, people gambled by making dice from animal bones in cave cavities. The technological advances we have today make it easier for us to gamble. It's not hard to predict that the market will grow as gambling becomes easier. Companies that develop new applications and interesting new games will get what they deserve from this market. I have no doubt that statistics in this sector will always get better. Because all conditions are favorable for this to happen.

Since ancient times, people have had widespread attraction for gambling and it has begun to grow day by day. People of ancient times wanted to gambling, but they could not play. Because at that time it was forbidden in most places. But gradually that situation improved. At present people do not have to go out. They can do gambling at home. Based on gambling, various types of gambling companies are now formed. A competition is seen in this industry. As a result, we can be sure that this industry will be ahead of any other industry.

[xSkylarx]

This is really huge. What I've worried about is those under 18 who are into gambling and would be prone to addictions, which means they would commit crimes or steal some money. As I've also noticed how rampantly the influencers in social media are posting this, and what I've worried about is that those influencers are showing that it is easy to win on those platforms, like just betting this and for sure you'll win. Someone also approached me, my cousin, who is under age, asking about money that he will pay back once he wins on that specific platform, and I am really worried about him.

No need to worry, even your cousin accept the offer and give his money to that scammer, your cousin will learn about fake investment and it should be a good lesson for him to not trust any stranger. Well there's no way to verify if the gambler is underage as long as he's not submit his KYC and there's a chance if he use another person KYC who's older than him e.g. brother, uncle, father etc.

He definitely use his mothers ID when doing KYC on some gambling platforms but lucky to him he listen on my advice not to invest those platform as I've heard yesterday that gambling casino that was really promoted by the local influencer said that they got closed and lock withdrawals also there are incidents that because they connect their online wallet to the casino their funds got transferred though it is not 100% confirm that the casino do it but they said that it is the only platform they used recently.

[danherbias07]

Gambling is a phenomenon in our lives. It is a phenomenon as old as human history. In ancient times, people gambled by making dice from animal bones in cave cavities. The technological advances we have today make it easier for us to gamble. It's not hard to predict that the market will grow as gambling becomes easier. Companies that develop new applications and interesting new games will get what they deserve from this market. I have no doubt that statistics in this sector will always get better. Because all conditions are favorable for this to happen.

Since ancient times, people have had widespread attraction for gambling and it has begun to grow day by day. People of ancient times wanted to gambling, but they could not play. Because at that time it was forbidden in most places. But gradually that situation improved. At present people do not have to go out. They can do gambling at home. Based on gambling, various types of gambling companies are now formed. A competition is seen in this industry. As a result, we can be sure that this industry will be ahead of any other industry.

As much as I want to agree, I don't like the idea of having so much competition in the gambling industry unless they have unique games that are being offered. I think we should've learned our lesson when we saw how big the altcoin industry is. It leads to scams and other evil intents like robbing our identities and being sold to the black market.
I would very much like to keep it small but I doubt that could happen. After witnessing how huge the profits they could make by simple computer development skills, there will be more business-minded people that would gather in it.
I have my list of reputable casinos and sports bookies though, but the newbies that will fall victim to the scam attempts of new gambling sites will be a sad event just like the scams in cryptocurrencies.

[Pierre 2]

while we here in Bitcointalk/crypto market already knew how popular the online gambling years ahead  yet the pandemic thought many gamblers in finding their way to extend their gaming while Casino Houses are closed due to the pandemic.
and yes many of them stays playing here in online specially crypto casino as they find it more appropriate as they are playing while having a chance to invest/stake and earn.

     ..and it has been called that in 3 years time this will be the statistics



check the source SOURCE

       -and I think that there are more to come as we are the witnesses of how Gambling Online is increasing day by day as we are having new site posted here in Bitcointalk.

I think pandemic affected our lives very deeply. In past it would be very hard to convince old people (old gamblers) to start gambling online. But I am sure, out of boredom, they started trying online gambling at their homes when lockdown happened. It would normally take them years to learn because they are quickly losing their focus. But when you are obliged to sit at home and not have anything other to do, you learn faster.

[SirLancelot]

Even with the licenses, rules and regulations, crypto currency casinos should still be accessible to every one in every country because, as of now, no country in particular have come up with a full crypto currency regulation, and until this happens, casino are free to accept crypto deposits and withdrawals from any country.

It is when a country come out with its crypto regulations laws and rules, which is not acceptable to the casino, then they can start declining crypto deposits and withdrawal, infact, stop gamblers from such country from using their casino, most especially, if they wil he depositing and withdrawing in crypto.

It is not only about accessibility, even if some casinos are accessible to anyone from any country in the world, they don't allow them since they ask for KYC and someone from a restricted country cannot comply with the KYC and AML regulations and hence they will eventually lock or limit their accounts and don't allow deposits and withdrawals for them.

So even if a casino is allowing you to access the games or features it is providing, it doesn't necessarily mean that you are also allowed to make deposits and withdrawals, especially if you are going use a significantly high amount.

[Doan9269]

People are being more dependent on technology nowadays and the way it moved so fast probably because the pandemic contributed to it. During those times, we are not allowed to go out and we can't go on our normal days so online gambling emerges. Online gambling doesn't need to have physical contact and just like what you've said, it's accessible to a lot of people.

People have advanced in more ways with online gambling, many platforms were being created each day to serve the same benefit of gambling because they believe that gambling is one of that lucrative online business they can choose to start and have less risk, so tgis makes it getting more attractive attentions of investors i to the section becau they have seen gambling as a day to day means of engaging into a continuous business running and profit realization by setting up their own online gambling platform.

[Silberman]

I think pandemic affected our lives very deeply. In past it would be very hard to convince old people (old gamblers) to start gambling online. But I am sure, out of boredom, they started trying online gambling at their homes when lockdown happened. It would normally take them years to learn because they are quickly losing their focus. But when you are obliged to sit at home and not have anything other to do, you learn faster.

This is similar to what happens when a person wants to learn a new language, if you live on your home country and no one uses this language then it is going to take you a lot of time to learn it, however if for some reason you had to move to a country in which that language was spoken everywhere then you will learn way more quickly, as you will be forced by the circumstances to learn whether you wanted it or not, so old school gamblers had no other choice but to adapt and learn how to gamble online, even if at the time they we are not very happy to do so.

[carlfebz2]

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.

The universe of gambling, folks, it's like an engrossing thriller! Despite the iron-clad laws, brick-and-mortar casinos somehow keep rolling, courtesy of their high-powered patrons. But, guess what? Today's bettors have a fantastic shortcut to quench their wagering thirst – the world wide web! They can hit the jackpot from their living room, the ultimate convenience!

But wait! It's not all peaches and cream in this game! Some try to dupe the system with VPNs, but the internet casinos are no fools. They have their ways to sniff out VPN tricksters, so no sneaking past their digital walls! And let's not forget the KYC hoop - those from the no-play zones might hit a snag when it comes to document validation. Quite a maze, huh?

And imagine this: what if everyone could access crypto casinos? Cryptos are like elusive unicorns in the finance world, galloping without borders! But alas, licenses and laws rain on our dreams, barring players from certain locales from the crypto casino party. Life's a paradox, don't you think?

Maybe that's why no wonder that casinos are growing faster than we could imagine. However, both have advantages and disadvantages, both to the gamblers, casinos or the house, and the normal people who don't have any idea that these things do exist.

These online platforms provided nowadays are easily accessible which means it is also easier for irresponsible gamblers to lose their money and their house. Vice versa to those winning gamblers, it's easier for them to make money. In terms of KYC which corresponds to crypto gambling, the security of who you are doing transactions with was a big risk. But  a big advantage to those who wants to remain their identity anonymous.

Life's a paradox indeed. And in gambling, it will either build you up or break you down.

Its also a choice to be made because you wont really be messing up your life if you are really just that good on making up decisions and make gambling as a past time and not a source of income.If you are a type

of person who do have those kind of hopes on having or getting fast profits or making yourself rich then you would be likely be engaging on gambling more. Gambling industry comes become bigger? Its not shocking
whether we would be talking about online or offline things they are really having that significant growth.Why? there's a demand on which we know on a common market if that there's a sudden huge demand
then expect that economy or industry would really becomes more bigger and this one shows that numbers are increasing which means that there are lots of people who are engage into gambling.

Life situations or conditions would be entirely be varying on how a certain individual is really that dealing with it or making out some decisions basing into that. You cant really be that ending up on a
situation if you have just chosen well.

[Silberman]

People are being more dependent on technology nowadays and the way it moved so fast probably because the pandemic contributed to it. During those times, we are not allowed to go out and we can't go on our normal days so online gambling emerges. Online gambling doesn't need to have physical contact and just like what you've said, it's accessible to a lot of people.

People have advanced in more ways with online gambling, many platforms were being created each day to serve the same benefit of gambling because they believe that gambling is one of that lucrative online business they can choose to start and have less risk, so tgis makes it getting more attractive attentions of investors i to the section becau they have seen gambling as a day to day means of engaging into a continuous business running and profit realization by setting up their own online gambling platform.

Since the first online casino was created gambling online has gotten more popular, and thanks to the pandemic this growth began even faster, this explains why so many gambling platforms have appeared over the previous years, as an increase on the demand brings and increase on the supply as well, however at the same time those casinos will have a great deal of trouble to establish themselves, as the casinos which are popular already have gained so much strength lately that it will be very difficult for them to steal some of their clients away from them.