How Big is the online gambling industry today?

[South Park]

The industry keeps getting bigger and bigger since more places now accept gambling.

It is true that gambling had a stigma attached to it and this is why back then casinos were establishments that you could only find on the bad part of town and you needed to even know a secret code to be allowed entry, however this has changed during the last decades and the pandemic gave a huge boost to the gambling industry as people were bored to death on their homes, still I think that with new technologies like the metaverse gambling will become even more popular than what we can imagine.

[1714866964]

1714866964

[1714866964]

1714866964

[1714866964]

1714866964

[1714866964]

1714866964

[1714866964]

1714866964

[1714866964]

1714866964

[Pamadar]

The industry keeps getting bigger and bigger since more places now accept gambling.

It is true that gambling had a stigma attached to it and this is why back then casinos were establishments that you could only find on the bad part of town and you needed to even know a secret code to be allowed entry, however this has changed during the last decades and the pandemic gave a huge boost to the gambling industry as people were bored to death on their homes, still I think that with new technologies like the metaverse gambling will become even more popular than what we can imagine.

What the emerging technology we will expect that there are more updates and upgrades that will happen to this business, like what you
mentioned, way back before, the access is limited and you need to have that connection before you can play.

But now, all you need to have is a device that can connect you to the internet and everything
is an easy access to play your favorite game.

Simple as it is and what more the future will offer, we never know but expect more easy access
gambling activities.

[n0ne]

Online gambling is a billion dollar industry. Even the country that doesn't have the perfect regulatory compliance makes billion dollar revenue. This is the reason we were able to see countries that doesn't ban gambling completely.

The increasing online penetration and the increasing usage of smartphones leads to the rise in the demand of online gambling against the traditional gambling service that were used by very specific category of people.

The healthy part is the growth of the gaming industry. There is good growth in the gaming industry which keeps people away from gambling. The growth of online gambling is experienced high during the COVID lockdown and the same is getting continued. Maybe if such thing hadn't happened we might've not experienced this level of growth.

[maydna]

The industry keeps getting bigger and bigger since more places now accept gambling.

It is true that gambling had a stigma attached to it and this is why back then casinos were establishments that you could only find on the bad part of town and you needed to even know a secret code to be allowed entry, however this has changed during the last decades and the pandemic gave a huge boost to the gambling industry as people were bored to death on their homes, still I think that with new technologies like the metaverse gambling will become even more popular than what we can imagine.

And with yesterday's pandemic, the gambling industry could grow more rapidly because people couldn't go anywhere and had to stay home for safety. And lucky for them because there is still an internet connection that can help them find out the situation happening in many countries. And while they were looking for information about the state of affairs in those cities, they saw more and more online gambling advertisements, and at one point, they saw a crypto casino and started to get curious. From this curiosity, they then try to visit it and deposit a different amount of money than what they usually use. From there, they started to know crypto and use it for gambling.

[Hispo]

Online gambling is a billion dollar industry. Even the country that doesn't have the perfect regulatory compliance makes billion dollar revenue. This is the reason we were able to see countries that doesn't ban gambling completely.
...

Though, it is also worth noticing that with the popularity of the online casinos and gambling services on our computers and smartphones, the situation with the taxes can be tricky, specially in developing countries like mine. For example, with traditional brick and mortar casinos is easier for the governments to track and tax those establishments, because obvious reasons.

However, online casinos only have to be registered in specific jurisdictions and pay taxes to the governments of the countries where they are based in. A person from South America could gamble on an online casino based in the United Kingdom and the casino would just pay taxes to the UK, not for the South American countries. It is another of the benefits of online casinos, from the point of view of the owners and staff. The gather money from all around the world and pay taxes to few entities.

[coinerer]

Online gambling is a billion dollar industry. Even the country that doesn't have the perfect regulatory compliance makes billion dollar revenue. This is the reason we were able to see countries that doesn't ban gambling completely.

Gambling is now a common game.  So now almost most of the people in the age group of 15-50 are addicted to gambling. Especially the youth are deeply addicted to it.  All gamblers are losing money gambling and the gambling industry is taking in billions of dollars.  The gambling industry is so addictive that people who are addicted to gambling lose control over themselves. So it can be said that the gambling industry is very big now. on the other hand, Gamblers are completely destitute

[Blitzboy]

The industry keeps getting bigger and bigger since more places now accept gambling.

It is true that gambling had a stigma attached to it and this is why back then casinos were establishments that you could only find on the bad part of town and you needed to even know a secret code to be allowed entry, however this has changed during the last decades and the pandemic gave a huge boost to the gambling industry as people were bored to death on their homes, still I think that with new technologies like the metaverse gambling will become even more popular than what we can imagine.

And with yesterday's pandemic, the gambling industry could grow more rapidly because people couldn't go anywhere and had to stay home for safety. And lucky for them because there is still an internet connection that can help them find out the situation happening in many countries. And while they were looking for information about the state of affairs in those cities, they saw more and more online gambling advertisements, and at one point, they saw a crypto casino and started to get curious. From this curiosity, they then try to visit it and deposit a different amount of money than what they usually use. From there, they started to know crypto and use it for gambling.

Isn't it common practice for these opportunistic industries to profit off the world's woes? People were already confined to their houses due to the pandemic and suffering from worry when the gambling business swooped in, sensing a chance to earn quick cash! Some people may have learned about cryptocurrency thanks to the growth of online gambling and crypto casinos, but at what cost? People lost sight of the true risks of gambling due to the simplicity of digital transactions. Not only will you lose money right away, but you'll also become involved in the unstable world of cryptocurrency! Why did these folks jump in with both feet into a world they hardly knew? Did they pause to consider the possible repercussions of merging the unpredictable realm of crypto with the uncertain world of gambling?

[TimeTeller]

Online gambling is a billion dollar industry. Even the country that doesn't have the perfect regulatory compliance makes billion dollar revenue. This is the reason we were able to see countries that doesn't ban gambling completely.

Gambling is now a common game.  So now almost most of the people in the age group of 15-50 are addicted to gambling. Especially the youth are deeply addicted to it.  All gamblers are losing money gambling and the gambling industry is taking in billions of dollars.  The gambling industry is so addictive that people who are addicted to gambling lose control over themselves. So it can be said that the gambling industry is very big now. on the other hand, Gamblers are completely destitute

And with what we have in the past couple of years, the pandemic era, a lot for sure have gone into online gambling for entertainment.
But the positive side on this is that the government are earning their income from this business. And are using to improve their services.
However, the younger generation should be very careful in getting addicted as it can easily ruin their lives if not contained early.
Definitely, the gaming/gambling industry is getting big. Just look at how many casinos are being launched everyday.

[Fatunad]

The industry keeps getting bigger and bigger since more places now accept gambling.

It is true that gambling had a stigma attached to it and this is why back then casinos were establishments that you could only find on the bad part of town and you needed to even know a secret code to be allowed entry, however this has changed during the last decades and the pandemic gave a huge boost to the gambling industry as people were bored to death on their homes, still I think that with new technologies like the metaverse gambling will become even more popular than what we can imagine.

And with yesterday's pandemic, the gambling industry could grow more rapidly because people couldn't go anywhere and had to stay home for safety. And lucky for them because there is still an internet connection that can help them find out the situation happening in many countries. And while they were looking for information about the state of affairs in those cities, they saw more and more online gambling advertisements, and at one point, they saw a crypto casino and started to get curious. From this curiosity, they then try to visit it and deposit a different amount of money than what they usually use. From there, they started to know crypto and use it for gambling.

On the time that pandemic hits then online gambling platforms or companies did really make out that huge recognition since people cant really go into physical places.Revenue rises but now that we are going back to normal then physical places are already on operation on which it did really make that normalized but in speaking about industry growth then we are really seeing that significant increase year by year on which does simply means that there are really that gradual increase of gamblers because there would be no increase if there would be no people who do get interest on gambling thing.Its a matter of demand and recognition on which it is really just that normal that revenue and relevance would increase too. There would be no exact numbers about overall revenue or increase on year by year but basing up on the numbers of current existing businesses then we can actually say that it is really that still having that demand.

[pakhitheboss]

Isn't it common practice for these opportunistic industries to profit off the world's woes? People were already confined to their houses due to the pandemic and suffering from worry when the gambling business swooped in, sensing a chance to earn quick cash! Some people may have learned about cryptocurrency thanks to the growth of online gambling and crypto casinos, but at what cost? People lost sight of the true risks of gambling due to the simplicity of digital transactions. Not only will you lose money right away, but you'll also become involved in the unstable world of cryptocurrency! Why did these folks jump in with both feet into a world they hardly knew? Did they pause to consider the possible repercussions of merging the unpredictable realm of crypto with the uncertain world of gambling?

It is common for any industry to think about opportunities to make profit. Big pharma were the once minting billions at the time of pandemic and not just big pharma other industries associated with pharmacy were also doing big business. It is also a fact that gambling industry is one of the most opportunistic industry across all the domain. In the end they did succeed in generating good revenue but they are the ones who introduced new members to crypto. It did help in adoption and made people aware of both pros and cons of the cryptocurrency market.

[maydna]

~snip~

Isn't it common practice for these opportunistic industries to profit off the world's woes? People were already confined to their houses due to the pandemic and suffering from worry when the gambling business swooped in, sensing a chance to earn quick cash! Some people may have learned about cryptocurrency thanks to the growth of online gambling and crypto casinos, but at what cost? People lost sight of the true risks of gambling due to the simplicity of digital transactions. Not only will you lose money right away, but you'll also become involved in the unstable world of cryptocurrency! Why did these folks jump in with both feet into a world they hardly knew? Did they pause to consider the possible repercussions of merging the unpredictable realm of crypto with the uncertain world of gambling?

And the gambling industry saw an opportunity from yesterday's pandemic to increase its performance by creating many advertisements that could attract more people to visit its casinos. This has been proven by the increase in the gambling industry during the pandemic. Many of the online casinos especially online crypto casinos experienced a surge from the pandemic so that also increased their revenue. But the risk of gambling will still be there and they must pay attention to the risks and must try to prevent large losses. If they entered the crypto world not from gambling, maybe they could see an opportunity to make big profits from crypto. But sadly, only a few are willing to learn more about crypto while others stick to crypto for gambling.

~snip~

On the time that pandemic hits then online gambling platforms or companies did really make out that huge recognition since people cant really go into physical places.Revenue rises but now that we are going back to normal then physical places are already on operation on which it did really make that normalized but in speaking about industry growth then we are really seeing that significant increase year by year on which does simply means that there are really that gradual increase of gamblers because there would be no increase if there would be no people who do get interest on gambling thing.Its a matter of demand and recognition on which it is really just that normal that revenue and relevance would increase too. There would be no exact numbers about overall revenue or increase on year by year but basing up on the numbers of current existing businesses then we can actually say that it is really that still having that demand.

The pandemic hit it was a good time for crypto to get a lot of new customers where people who are at home can't go anywhere and they might get bored of not being able to do anything at home. And the presence of online gambling made them feel that there was fun they could get so some of them started to try it. And this is also experienced by crypto casinos where they also get many new customers who visit online crypto casinos to play gambling. And that's what makes crypto casinos more and more often create advertisements to invite more people to gamble. And when physical casinos have started to reopen, this doesn't really affect online casinos, fiat or crypto because everyone has found what they are looking for so they keep using online casinos to gamble and also keep visiting physical casinos to play gambling too.

[topbitcoin]

The industry keeps getting bigger and bigger since more places now accept gambling.

It is true that gambling had a stigma attached to it and this is why back then casinos were establishments that you could only find on the bad part of town and you needed to even know a secret code to be allowed entry, however this has changed during the last decades and the pandemic gave a huge boost to the gambling industry as people were bored to death on their homes, still I think that with new technologies like the metaverse gambling will become even more popular than what we can imagine.

Besides being motivated by the pandemic that occurred in the past few years. this is also motivated by people's lives that cannot be separated from social media where the presence of online gambling is able to gather and reach all levels of society in a short time which makes the online gambling industry even bigger.

I also believe that metaverse gambling will become more popular because in this gambling there are more variations and choices of gambling games compared to land casinos. However, when we decide to dive into it, this must also be accompanied by sufficient knowledge because online or virtual gambling is very vulnerable to fraud cases such as; fraudulent and unreliable payment systems when players make deposits and withdrawals.

[boltz]

How big it is ? I don't think we can measure how much the gambling industry is worth today but we can say for sure that they are everywhere , in every sport , in every team. This boom happened since 2015 when a lot of bookies have been founded and since then , I don't remember any big casino or sport bookies who had financial problems or any similarities with this.

Lately , we can see more and more esports teams being sponsored by betting houses but this will help the esports industry grow a bit more faster even if a lot of esports fans are not pleased.

[anjiitem]

Online gambling is a billion dollar industry. Even the country that doesn't have the perfect regulatory compliance makes billion dollar revenue. This is the reason we were able to see countries that doesn't ban gambling completely.

Yes you are right, gambling is an industry that can generate billions of dollars. It is not surprising that every country cannot completely prohibit gambling activities even though in fact every country and even every region has clear and firm regulations to prohibit online or offline gambling activities.
But as long as there is money flowing into the wallet of a person or group who has power, then the gambling activity is invisible and not disputed by law.
Gambling activity will really get involved with legal issues only if there is a case that goes viral, but as long as no person or group reports gambling activity until it goes viral then gambling activity will continue and continue to grow.
I admit that the people who manage the gambling industry are very great because they can take advantage of technological advances and always have many ways to silence the regulations that exist in each region or even in a country.

[flipme]

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

Gambling has been a necessity for people throughout history. People have gambled despite limited opportunities to have some fun and get away from stress. Today, technology has moved to a great point and we are not under limited opportunities. Therefore, we can safely say that the gambling industry will grow even more. Indeed, many gambling companies are now sponsoring football teams and sports organizations. I have no worries that things will only get better with time. We will definitely see more reliable and more accessible platforms. I think the gambling industry will become a better and stronger market in time.

[Josefjix]

The industry keeps getting bigger and bigger since more places now accept gambling.

Gambling has been since the prehistoric era; the only difference between back then and today is the easily accessible method from gamblers online. It is relatively easy for viewers to see as well as comprehend all of the essential subsections. Online is primarily what every gambler with smart phones and laptops concentrates on; there is no pressure and one can place wagers on games without leaving the house; losses and profits are faced in solitude. gambling is extensive and the online sector, as well as specific online gaming, is growing in popularity. It is rapidly propagating throughout the system.

[Aikidoka]

How big it is ? I don't think we can measure how much the gambling industry is worth today but we can say for sure that they are everywhere , in every sport , in every team. This boom happened since 2015 when a lot of bookies have been founded and since then , I don't remember any big casino or sport bookies who had financial problems or any similarities with this.

Lately , we can see more and more esports teams being sponsored by betting houses but this will help the esports industry grow a bit more faster even if a lot of esports fans are not pleased.

It's quite clear that it has become significantly big, particularly over the past couple of years. The growth has been insane especially with the start of online gambling sites accepting crypto. As you mentioned, It's very obvious how sports teams sponsor these gambling sites. Whether it's football or basketball ..etc, these sponsorships are visible on TV. Even in esports, you can notice that teams are sponsored by betting houses as you mentioned earlier as well.

So I think this industry is already very big and imho It'll grow much more in the next few years.

[Cling18]

How big it is ? I don't think we can measure how much the gambling industry is worth today but we can say for sure that they are everywhere , in every sport , in every team. This boom happened since 2015 when a lot of bookies have been founded and since then , I don't remember any big casino or sport bookies who had financial problems or any similarities with this.

Lately , we can see more and more esports teams being sponsored by betting houses but this will help the esports industry grow a bit more faster even if a lot of esports fans are not pleased.

It's quite clear that it has become significantly big, particularly over the past couple of years. The growth has been insane especially with the start of online gambling sites accepting crypto. As you mentioned, It's very obvious how sports teams sponsor these gambling sites. Whether it's football or basketball ..etc, these sponsorships are visible on TV. Even in esports, you can notice that teams are sponsored by betting houses as you mentioned earlier as well.

So I think this industry is already very big and imho It'll grow much more in the next few years.

The innovation of the latest technology has made the gambling industry bigger because many people are now into it and more are still getting into gambling daily. We can even measure it since we can't count the number of users easily since more gamblers are now into crypto and online gambling which is untrackable.
In our country, gambling was just known silently or specifically through local sweepstakes and other traditional games but nowadays, more local online gambling games are even existing so I could say that the gambling industry is really increasing in our country. I'm not sure if it's a good development as lots of people are even falling into gambling addiction here but I believe that the gambling industry will still continue to grow in the future.

[IvugeoEvolutionCoin]

The industry keeps getting bigger and bigger since more places now accept gambling.

Gambling has been since the prehistoric era; the only difference between back then and today is the easily accessible method from gamblers online. It is relatively easy for viewers to see as well as comprehend all of the essential subsections. Online is primarily what every gambler with smart phones and laptops concentrates on; there is no pressure and one can place wagers on games without leaving the house; losses and profits are faced in solitude. gambling is extensive and the online sector, as well as specific online gaming, is growing in popularity. It is rapidly propagating throughout the system.

Yes gambling has been going on since ancient times. Now everything is digital and gambling can be done very easily through many digital site. Earlier if someone gambled then almost all people would know that he is addicted to gambling. But now if someone gambles no one can go digital. Gambling  Gaming has become very easy now it was very difficult in earlier days gambling was not digital which had to face many hurdles. Now being digital one can enjoy many opportunities.

[Pamadar]

The industry keeps getting bigger and bigger since more places now accept gambling.

Gambling has been since the prehistoric era; the only difference between back then and today is the easily accessible method from gamblers online. It is relatively easy for viewers to see as well as comprehend all of the essential subsections. Online is primarily what every gambler with smart phones and laptops concentrates on; there is no pressure and one can place wagers on games without leaving the house; losses and profits are faced in solitude. gambling is extensive and the online sector, as well as specific online gaming, is growing in popularity. It is rapidly propagating throughout the system.

Yes gambling has been going on since ancient times. Now everything is digital and gambling can be done very easily through many digital site. Earlier if someone gambled then almost all people would know that he is addicted to gambling. But now if someone gambles no one can go digital. Gambling  Gaming has become very easy now it was very difficult in earlier days gambling was not digital which had to face many hurdles. Now being digital one can enjoy many opportunities.

You can get addicted without a notice by someone close to you, just like what you said, you can just play at home with your device
as gambling is already digital.

Unlike before, where you can only play offline and you needed to go to local casino to gamble
and it's noticeable as someone who may catch you while you are inside the casino, that kind
of innovation really creates easy and quick access to gambling.