How Big is the online gambling industry today?

[SirLancelot]

it's true that notifications that we often find disturbing appear almost every day and even notifications on my cellphone for online gambling promotions can appear several times a day.

If this happens to every smartphone user, it is likely that even ordinary people will casually occasionally open online gambling site notifications and they might register and continue to play online gambling.
as we know that gambling in the view of most people is a bad thing and if in the past gambling was carried out in certain places. Meanwhile, for now, everyone can be free to play gambling without being known by anyone other than him and the gambling admin and they can play without having to consider bad things from the view of some people.

With this convenience, it is possible to make the online gambling industry very large. Because you don't need to come to a certain place to play gambling, you only need to visit online gambling sites to play gambling, so that online gambling sites are able to reach all lines of urban and rural communities and both young and old. Which makes the online gambling industry even bigger.

The convenience it provides is exactly why online gambling industry has grown so rapidly over the last few years triggered by covid-19 and the pandemic it caused. People switched from land-based casinos to online casinos because they were not allowed to gamble at land-based casinos since it is a public place and they were all closed down during the pandemic. People obviously found online gambling to be way more convenient than land-based casinos.

And on top of that, cryptocurrency gambling platforms have served like an icing on the cake by providing even more convenient options for deposits and withdrawals by reducing the time, speed, and cost of transactions for the gamblers who used to use traditional online casinos using fiat.

[GigaBit]

it's true that notifications that we often find disturbing appear almost every day and even notifications on my cellphone for online gambling promotions can appear several times a day.

If this happens to every smartphone user, it is likely that even ordinary people will casually occasionally open online gambling site notifications and they might register and continue to play online gambling.
as we know that gambling in the view of most people is a bad thing and if in the past gambling was carried out in certain places. Meanwhile, for now, everyone can be free to play gambling without being known by anyone other than him and the gambling admin and they can play without having to consider bad things from the view of some people.

With this convenience, it is possible to make the online gambling industry very large. Because you don't need to come to a certain place to play gambling, you only need to visit online gambling sites to play gambling, so that online gambling sites are able to reach all lines of urban and rural communities and both young and old. Which makes the online gambling industry even bigger.

The convenience it provides is exactly why online gambling industry has grown so rapidly over the last few years triggered by covid-19 and the pandemic it caused. People switched from land-based casinos to online casinos because they were not allowed to gamble at land-based casinos since it is a public place and they were all closed down during the pandemic. People obviously found online gambling to be way more convenient than land-based casinos.

And on top of that, cryptocurrency gambling platforms have served like an icing on the cake by providing even more convenient options for deposits and withdrawals by reducing the time, speed, and cost of transactions for the gamblers who used to use traditional online casinos using fiat.

People have been interested in gambling since ancient times due to which this industry started to grow gradually. But since the pandemic of Covid-19, a major revolution has taken place in the online gambling industry. Because at that time all kinds of movement were restricted so people could not move anywhere. At that time there was nothing more enjoyable than online gambling. Covid-19 is said to have been one of the worst years for the online gambling industry. Since then this industry is improving.

Another reason behind the rise of the online gambling industry is cryptocurrency. Gambling with fiat money used to have various obligations but due to the ease of depositing and withdrawing through cryptocurrency, crypto based gambling platforms are now the most preferred gambling platform for gamblers.

[btc_angela]

it's true that notifications that we often find disturbing appear almost every day and even notifications on my cellphone for online gambling promotions can appear several times a day.

If this happens to every smartphone user, it is likely that even ordinary people will casually occasionally open online gambling site notifications and they might register and continue to play online gambling.
as we know that gambling in the view of most people is a bad thing and if in the past gambling was carried out in certain places. Meanwhile, for now, everyone can be free to play gambling without being known by anyone other than him and the gambling admin and they can play without having to consider bad things from the view of some people.

With this convenience, it is possible to make the online gambling industry very large. Because you don't need to come to a certain place to play gambling, you only need to visit online gambling sites to play gambling, so that online gambling sites are able to reach all lines of urban and rural communities and both young and old. Which makes the online gambling industry even bigger.

The convenience it provides is exactly why online gambling industry has grown so rapidly over the last few years triggered by covid-19 and the pandemic it caused. People switched from land-based casinos to online casinos because they were not allowed to gamble at land-based casinos since it is a public place and they were all closed down during the pandemic. People obviously found online gambling to be way more convenient than land-based casinos.

And on top of that, cryptocurrency gambling platforms have served like an icing on the cake by providing even more convenient options for deposits and withdrawals by reducing the time, speed, and cost of transactions for the gamblers who used to use traditional online casinos using fiat.

People have been interested in gambling since ancient times due to which this industry started to grow gradually. But since the pandemic of Covid-19, a major revolution has taken place in the online gambling industry. Because at that time all kinds of movement were restricted so people could not move anywhere. At that time there was nothing more enjoyable than online gambling. Covid-19 is said to have been one of the worst years for the online gambling industry. Since then this industry is improving.

Another reason behind the rise of the online gambling industry is cryptocurrency. Gambling with fiat money used to have various obligations but due to the ease of depositing and withdrawing through cryptocurrency, crypto based gambling platforms are now the most preferred gambling platform for gamblers.

And we can say that bitcoin based gambling platform is one of the used case for bitcoin itself. When we have just a couple of crypto platforms early and only accepts bitcoin as form of deposits and withdrawals. And then it grow every year, other cryptocurrencies has been accepted as well and so gamblers have a lot of options and it equate to the growth of this business. And with the pandemic wherein gamblers are just inside their home, they found online gambling as the only form of entertainment or shall I say the only way to continue with their gambling activity, hence it blow up and it continues till this day.

[Doan9269]

The convenience it provides is exactly why online gambling industry has grown so rapidly over the last few years triggered by covid-19 and the pandemic it caused. People switched from land-based casinos to online casinos because they were not allowed to gamble at land-based casinos since it is a public place and they were all closed down during the pandemic. People obviously found online gambling to be way more convenient than land-based casinos.

There's no doubt about that, there's much of being convenient in gambling because of the way you could easily make use of your mobile device to gamble knowing that you will always have your phone in your hands, this means that there's a high percentage of the phone users always been a gambler since they can easily go through their mobile device without having any barrier to stop them from gambling.

And on top of that, cryptocurrency gambling platforms have served like an icing on the cake by providing even more convenient options for deposits and withdrawals by reducing the time, speed, and cost of transactions for the gamblers who used to use traditional online casinos using fiat.

Since the introduction of cryptocurrency to gambling, many of the online casinos have also switched to the adoption of crypto for their casino and most of them generate user a custodial wallet to have their deposit fund on it for gambling anytime they wanted to.

[ethereumhunter]

And we can say that bitcoin based gambling platform is one of the used case for bitcoin itself. When we have just a couple of crypto platforms early and only accepts bitcoin as form of deposits and withdrawals. And then it grow every year, other cryptocurrencies has been accepted as well and so gamblers have a lot of options and it equate to the growth of this business. And with the pandemic wherein gamblers are just inside their home, they found online gambling as the only form of entertainment or shall I say the only way to continue with their gambling activity, hence it blow up and it continues till this day.

And maybe in the next few years, we will see the gambling business in crypto growing, especially if the government gives permission for crypto to the public. That will definitely make a lot of people know crypto and learn about it and they will find that crypto can also be used for gambling even though, for now, people have seen that since the pandemic took place in the last few years. So people might go to online crypto casinos more than offline ones because online casinos provide more facilities for gamblers.

[coinerer]

And we can say that bitcoin based gambling platform is one of the used case for bitcoin itself. When we have just a couple of crypto platforms early and only accepts bitcoin as form of deposits and withdrawals. And then it grow every year, other cryptocurrencies has been accepted as well and so gamblers have a lot of options and it equate to the growth of this business. And with the pandemic wherein gamblers are just inside their home, they found online gambling as the only form of entertainment or shall I say the only way to continue with their gambling activity, hence it blow up and it continues till this day.

And maybe in the next few years, we will see the gambling business in crypto growing, especially if the government gives permission for crypto to the public. That will definitely make a lot of people know crypto and learn about it and they will find that crypto can also be used for gambling even though, for now, people have seen that since the pandemic took place in the last few years. So people might go to online crypto casinos more than offline ones because online casinos provide more facilities for gamblers.

Crypto has so far been legalized in almost all countries  but illegal in handful of countries. So crypto is not a problem but gambling is still illegal in many countries be it physical or virtual. However, online gambling has now spread to such an extent that it is widely used in illegal countries as well.  And even if online gambling sites are restricted in some countries, many people are gambling using vpn. So it can be said that the online gambling industries have grown in size now and will grow bigger in the future because gambling is very popular among the youth as a place where some go for fun and some use it for income.

[Negotiation]

Yes, each can't replace the other but let's admit it, online gambling help us survive during the pandemic time. They are very effective as alternative to the physical gambling. There are risks in online gambling but that can be prevented. One of it is to be scammed by the casino.

We don't need to rush but we must look for feedbacks first if this casino here is truly legit or not. In case something bad happens to us like we lost our funds. We can try to report them to the gambling authorities including here on our forum. I already saw lots of successful stories here where a gamblers account have been recovered or their funds have been returned.

The gambling sector is vast, with no restrictions both online and offline, and the large number of people who gamble are extremely proactive in the system. Except for those who depend on gambling for a living, online gambling never helped us escape the pandemic, our savings benefit ordinary hardworking citizens. That was a difficult season for people all around the world; the pandemic lingered for months, resulting in more deaths in infected countries. Online gambling is truly stress-free and has more features than traditional betting. It has the same chances.

I agree that even though online gambling is more, gambling can never protect against epidemics because there is no guarantee of gambling. No one will guarantee that you can win by betting. Gambling has gains and losses, so it's hard to tell when it's too much. It is not possible for a gambler to win consistently due to the successful use of game theory. It totally depends on luck. During the pandemic, most people have spent their days in crisis and everyone is suffering from financial crisis.

[ethereumhunter]

And we can say that bitcoin based gambling platform is one of the used case for bitcoin itself. When we have just a couple of crypto platforms early and only accepts bitcoin as form of deposits and withdrawals. And then it grow every year, other cryptocurrencies has been accepted as well and so gamblers have a lot of options and it equate to the growth of this business. And with the pandemic wherein gamblers are just inside their home, they found online gambling as the only form of entertainment or shall I say the only way to continue with their gambling activity, hence it blow up and it continues till this day.

And maybe in the next few years, we will see the gambling business in crypto growing, especially if the government gives permission for crypto to the public. That will definitely make a lot of people know crypto and learn about it and they will find that crypto can also be used for gambling even though, for now, people have seen that since the pandemic took place in the last few years. So people might go to online crypto casinos more than offline ones because online casinos provide more facilities for gamblers.

Crypto has so far been legalized in almost all countries  but illegal in handful of countries. So crypto is not a problem but gambling is still illegal in many countries be it physical or virtual. However, online gambling has now spread to such an extent that it is widely used in illegal countries as well.  And even if online gambling sites are restricted in some countries, many people are gambling using vpn. So it can be said that the online gambling industries have grown in size now and will grow bigger in the future because gambling is very popular among the youth as a place where some go for fun and some use it for income.

The presence of crypto can allow many people to play gambling without needing to provide their personal documents to the casino. And crypto casinos understand the desire of people who want to gamble anonymously, so they provide gamblers with the best options.

That is why the gambling business can grow because people can choose their coins and are not dependent on fiat anymore. This makes it even easier for them and provides a wide choice of coins as the casino gives a lot of coins as deposit coins. And the crypto gambling business can develop even more in the future if the government opens up more and more to accept the presence of crypto.

[Z_MBFM]

And we can say that bitcoin based gambling platform is one of the used case for bitcoin itself. When we have just a couple of crypto platforms early and only accepts bitcoin as form of deposits and withdrawals. And then it grow every year, other cryptocurrencies has been accepted as well and so gamblers have a lot of options and it equate to the growth of this business. And with the pandemic wherein gamblers are just inside their home, they found online gambling as the only form of entertainment or shall I say the only way to continue with their gambling activity, hence it blow up and it continues till this day.

And maybe in the next few years, we will see the gambling business in crypto growing, especially if the government gives permission for crypto to the public. That will definitely make a lot of people know crypto and learn about it and they will find that crypto can also be used for gambling even though, for now, people have seen that since the pandemic took place in the last few years. So people might go to online crypto casinos more than offline ones because online casinos provide more facilities for gamblers.

Crypto has so far been legalized in almost all countries  but illegal in handful of countries. So crypto is not a problem but gambling is still illegal in many countries be it physical or virtual. However, online gambling has now spread to such an extent that it is widely used in illegal countries as well.  And even if online gambling sites are restricted in some countries, many people are gambling using vpn. So it can be said that the online gambling industries have grown in size now and will grow bigger in the future because gambling is very popular among the youth as a place where some go for fun and some use it for income.

The presence of crypto can allow many people to play gambling without needing to provide their personal documents to the casino. And crypto casinos understand the desire of people who want to gamble anonymously, so they provide gamblers with the best options.

That is why the gambling business can grow because people can choose their coins and are not dependent on fiat anymore. This makes it even easier for them and provides a wide choice of coins as the casino gives a lot of coins as deposit coins. And the crypto gambling business can develop even more in the future if the government opens up more and more to accept the presence of crypto.

Just like gambling is risky without personal documents, doing kyc on all sites is also very risky. So we need to be careful in all cases  If not, problem is certain. It is not possible to do anything good in negligence. So it is foolish to think that we can be completely safe in any case. it is impossible to be completely safe especially when it comes to gambling

[coinerer]

And we can say that bitcoin based gambling platform is one of the used case for bitcoin itself. When we have just a couple of crypto platforms early and only accepts bitcoin as form of deposits and withdrawals. And then it grow every year, other cryptocurrencies has been accepted as well and so gamblers have a lot of options and it equate to the growth of this business. And with the pandemic wherein gamblers are just inside their home, they found online gambling as the only form of entertainment or shall I say the only way to continue with their gambling activity, hence it blow up and it continues till this day.

And maybe in the next few years, we will see the gambling business in crypto growing, especially if the government gives permission for crypto to the public. That will definitely make a lot of people know crypto and learn about it and they will find that crypto can also be used for gambling even though, for now, people have seen that since the pandemic took place in the last few years. So people might go to online crypto casinos more than offline ones because online casinos provide more facilities for gamblers.

Crypto has so far been legalized in almost all countries  but illegal in handful of countries. So crypto is not a problem but gambling is still illegal in many countries be it physical or virtual. However, online gambling has now spread to such an extent that it is widely used in illegal countries as well.  And even if online gambling sites are restricted in some countries, many people are gambling using vpn. So it can be said that the online gambling industries have grown in size now and will grow bigger in the future because gambling is very popular among the youth as a place where some go for fun and some use it for income.

The presence of crypto can allow many people to play gambling without needing to provide their personal documents to the casino. And crypto casinos understand the desire of people who want to gamble anonymously, so they provide gamblers with the best options.

That is why the gambling business can grow because people can choose their coins and are not dependent on fiat anymore. This makes it even easier for them and provides a wide choice of coins as the casino gives a lot of coins as deposit coins. And the crypto gambling business can develop even more in the future if the government opens up more and more to accept the presence of crypto.

Just like gambling is risky without personal documents, doing kyc on all sites is also very risky. So we need to be careful in all cases  If not, problem is certain. It is not possible to do anything good in negligence. So it is foolish to think that we can be completely safe in any case. it is impossible to be completely safe especially when it comes to gambling

I agree with you Gambling can never be safe.  Because gambling is something in which a person can never win regularly. and it would be foolish to think that a gambling site would maintain the security of users' documents where the likes of Google and Facebook sell users data. Meanwhile, gambling sites are constantly coming in the market so it is difficult to understand which site is trustworthy and which site is unreliable

[Mauser]

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

Sportsbetting is a very seasonal business, during times of big tournaments we are also seeing a lot of people betting on it. Now with the covid pandemic being over and no more restrictions on international travel I think that all the big tournaments are coming. Which definitely means that we are seeing a rise of sports betting. Against this trend is the rising inflation, which makes living cost so much more expensive and leaves us less money to spend on gambling. Also casinos and sports books don't need to report their revenues publicly as most of them are private companies. This makes it harder to compare the numbers of traditional casinos against sportsbetting. Among my friends I have more people betting on sports then going to casinos, so the statement could definitely be true.

[macson]

Just like gambling is risky without personal documents, doing kyc on all sites is also very risky. So we need to be careful in all cases  If not, problem is certain. It is not possible to do anything good in negligence. So it is foolish to think that we can be completely safe in any case. it is impossible to be completely safe especially when it comes to gambling

I agree with you Gambling can never be safe.  Because gambling is something in which a person can never win regularly. and it would be foolish to think that a gambling site would maintain the security of users' documents where the likes of Google and Facebook sell users data. Meanwhile, gambling sites are constantly coming in the market so it is difficult to understand which site is trustworthy and which site is unreliable

KYC on gambling sites is enforced because several state governments are urging it to be enforced by gambling business owners and the threat that occurs if it is not complied with is the size that the government will enforce! but because the competition in the gambling business is getting tighter, for now you can choose whether to play on gambling sites that require KYC or those that don't require it.

regarding data leaks, well that's something we don't avoid, there's no 100% guarantee that gambling platforms can protect your data, the point is to keep playing on big gambling sites that have a good reputation, so you can be a little calm about the security of your privacy data.

[leonair]

Just like gambling is risky without personal documents, doing kyc on all sites is also very risky. So we need to be careful in all cases  If not, problem is certain. It is not possible to do anything good in negligence. So it is foolish to think that we can be completely safe in any case. it is impossible to be completely safe especially when it comes to gambling

I agree with you Gambling can never be safe.  Because gambling is something in which a person can never win regularly. and it would be foolish to think that a gambling site would maintain the security of users' documents where the likes of Google and Facebook sell users data. Meanwhile, gambling sites are constantly coming in the market so it is difficult to understand which site is trustworthy and which site is unreliable

KYC on gambling sites is enforced because several state governments are urging it to be enforced by gambling business owners and the threat that occurs if it is not complied with is the size that the government will enforce! but because the competition in the gambling business is getting tighter, for now you can choose whether to play on gambling sites that require KYC or those that don't require it.

regarding data leaks, well that's something we don't avoid, there's no 100% guarantee that gambling platforms can protect your data, the point is to keep playing on big gambling sites that have a good reputation, so you can be a little calm about the security of your privacy data.

I don't understand what you are commenting on as I can't find this topic matching your comment. however, the gambling industry has become much bigger now.  So it is natural that various new issues can be added and KYC has become a normal issue now. doing KYC is not a complicated matter but since many illegal activities are happening in the online world, there is some fear that if someone else does illegal activities using our personal documents, then we will be held responsible for that. So we should be careful in that case

[BitcoinAccepted]

I don't think there's any numbers where we can accurately pull all the norms out, but it must be a huge industry since it's all gone online. And every year more and more countries come up with new payment methods, more and more people start gambling because more and more people are turning 18+. And the people who are now 80 couldn't possibly gamble online in their teens. Online gambling has also considerably reduced local gambling in casinos. But there are many casinos that do it twice, so an online casino in combination with a physical casino. Then you actually make a double turnover.

[carlfebz2]

Lets only talk about Online gambling partition and not including those physical casino revenues for this year 2023 (This also excludes crypto market space)

Source:
Global Online Gambling Market Report 2023: Major Players Include 888 Holdings, Bet365, Betsson, William Hill and VGC Holdings

The global online gambling market will grow from $81.08 billion in 2022 to $88.65 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The online gambling market is expected to grow to $125.6 billion in 2027 at a CAGR of 9.1%.

So we do already have the idea at least but for sure its only on 1/4 part. This is focusing on those typical fiat casinos and not including crypto and not including physical ones.
Therefore, you could really make out some assumed numbers if we do speak or connect all in all.

[Josefjix]

Sports betting has indeed been very popular in online gambling for a long time and this type of bet is very easy to do with some predictive strategies for profit and is very easy for so many novice gamblers to do so that online gambling is developing very quickly in this very fast era of advanced technology.

Advances from sports gambling combined with my efforts to ensure I maintained my position in the industry were essentially what I desired for on a daily basis, to gain from gambling once more rather than wondering when things will improve. We all own our lives, and I'm not willing to jeopardize anything since I always have my best interests in mind. Sport gambling is growing far faster than we can handle.I have no aspirations to make the internet more triggered by the user than by ourselves. Gambling has different spirits, and this is just one of them; we shouldn't anticipate much from gambling, despite its wide range of possibilities.

[Strongkored]

Lets only talk about Online gambling partition and not including those physical casino revenues for this year 2023 (This also excludes crypto market space)

Source:
Global Online Gambling Market Report 2023: Major Players Include 888 Holdings, Bet365, Betsson, William Hill and VGC Holdings

The global online gambling market will grow from $81.08 billion in 2022 to $88.65 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The online gambling market is expected to grow to $125.6 billion in 2027 at a CAGR of 9.1%.

So we do already have the idea at least but for sure its only on 1/4 part. This is focusing on those typical fiat casinos and not including crypto and not including physical ones.
Therefore, you could really make out some assumed numbers if we do speak or connect all in all.

Of course it will be bigger than what is reported in the media, but in my opinion crypto casino is still not as big as fiat casino because crypto casino is not better known and has existed before, the development of crypto casino will be the same graphic as the development of crypto, the more famous the bigger the crypto casino will be. With more and more crypto casinos sponsoring major sporting events, this will accelerate the development of crypto casinos, such as stake.com which not only appears in the English premier league, UFC but I see it also appears in volley ball tournaments, so the more people who see the sponsor, the more people will play at the crypto casino because the advertisement aims to bring many people to play.

[coinerer]

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

Sportsbetting is a very seasonal business, during times of big tournaments we are also seeing a lot of people betting on it. Now with the covid pandemic being over and no more restrictions on international travel I think that all the big tournaments are coming. Which definitely means that we are seeing a rise of sports betting. Against this trend is the rising inflation, which makes living cost so much more expensive and leaves us less money to spend on gambling. Also casinos and sports books don't need to report their revenues publicly as most of them are private companies. This makes it harder to compare the numbers of traditional casinos against sportsbetting. Among my friends I have more people betting on sports then going to casinos, so the statement could definitely be true.

Sports betting has indeed been very popular in online gambling for a long time and this type of bet is very easy to do with some predictive strategies for profit and is very easy for so many novice gamblers to do so that online gambling is developing very quickly in this very fast era of advanced technology.

Many people have made huge profits from sports betting, which can be seen in the news from time to time. when it comes to sports betting, if you know the team or player and know the performance of the players, predicting the result is easy and potential. and the industry of sports betting is now very big and there are huge amount of gamblers for sportsbet.

[summonerrk]

...

I believe that one of the main factors that makes gambling more widespread is that in recent years it has become really very accessible. I recently watched a video where a man addicted to gambling accused the casino that they released an application, because of which he did not even need to leave the house to place a bet. As a result, he lost everything. And earlier he had to go to the casino and perform some actions, and this contributed to the fact that he thought 10 times about whether he wanted to make this bet at all. And now any bet is a matter of two clicks in the application or on the website.

[ethereumhunter]

Just like gambling is risky without personal documents, doing kyc on all sites is also very risky. So we need to be careful in all cases  If not, problem is certain. It is not possible to do anything good in negligence. So it is foolish to think that we can be completely safe in any case. it is impossible to be completely safe especially when it comes to gambling

Yes, that's correct. We have to be careful when gambling because we have seen a lot of scam casinos out there, so we don't need to try it, especially if we already know that the casino has been a scam for a long time. We must have a list of trusted casinos that we can use for gambling so that we will not be tempted to move to a casino we are unfamiliar with. And if we want to do KYC, we have to ensure the casino is trusted and can take good care of personal documents. And we already have those trusted casinos in this forum to help us stay away from scam casinos.