Gambling industry’s Billion-Dollar Question: Who’s behind the Boom?

[Zigabel]

It doesn't mean the Gambling addicts increased, the internet enabled the Gambling more accessible for wider audience and also don't forget the population of the world is increasing day by day so it's not a wonder that the boom happened. Honestly it's late boom since internet became pretty popular in the previous decade itself but it was expensive at that time so only certain class had the previlage but now every got the internet access in their palm and pretty cheap too.

You are Right,  as the day goes by, they make it more easier to gamble  from the comfort of your home with interesting offers to continually drag people more into wanting to try it out, while iþ feels like it's late boom to you it's simple because people get to embrace it more recently than they have done before and that is probably because now it's becoming simpler with attractive and interesting interface for gambling than it has ever been before now.

[Dr.Bitcoin_Strange]

You can imagine the numbers of gamblers that are involved in gambling everyday and the amount of money generated by them, also compare this same amount of money used in gambling in respect to the numbers of those that are winning their bets to those that are losing it, what do you have to say, we have huge amount of money involved in gambling on a daily basis, few are winning and many were losing, while majority of gamblers are gambling for fun and some also gamble for money, both the two complement what makes the amount being generated get to that extent.

That's right, the availability of online gambling have even made it super easy for people to gamble easily all day and if you look at the billions of population that are gambling each day on the online casino and also those large population that are gambling on the land based casino, their losses are huge to cause the boom. Players lose more than they win, whether you are playing for fun or for profit.

[Aanuoluwatofunmi]

Now my question is, who are the ones generating the most revenue for the gambling industry and its owners, the people who gamble only for fun or those who gamble both for fun and for profit, all the rising population of gambling addicts?

Once it come to dealing with digital affairs, there are series of opportunities that comes form it because most of the online gambling platforms now make use of the avenue to generate traffic to their platform and ger rewarded for that, aside that gamblers are using their money to gamble for different kinds of bets on their platform, the purpose is not the main drive, but the increasing numbers of gamblers using the platform for gambling.

[Slow death]

In my opinion, the guys who make casinos most profitable are the rich guys, they spend millions of dollars in casinos when they want to have fun and since they are rich people who have big companies, even if they lose a few hundred dollars in casinos, it doesn't harm their lives. while the poor people who play in casinos, even though there are many people playing, still cannot surpass the amount of money that the rich guys spend in casinos

[boyptc]

So yea ...we are behind the boom. All of us as a collective group who gamble and we keep gambling.

Yeah. That is on us.

Whichever each of us belong to the group, we did a collective effort and contribution on how the boom went. And this is going to last as this industry is really a billion dollar industry.

This is going to be kept and maintaned for so long until we see a drop into it as well. It's such a strong industry that together with the crypto market it went up but just as how volatile the market is, time will come that the gambling industry will have such drop.

Or an even bigger, unexpected boom. The 2020 confinements were a boom for the gambling industry and that was something that could not have been foreseen.

I agree.

Everyone has been in their homes on that particular year due to pandemic and people have looked for ways to earn. And many have thought that gambling is one of it.

And that made the bigger boom for the industry.

Something like that could happen in the future as well, though I hope not.

I hope not.

We've gone through a lot already. 

[Ever-young]

That's right, the availability of online gambling have even made it super easy for people to gamble easily all day and if you look at the billions of population that are gambling each day on the online casino and also those large population that are gambling on the land based casino, their losses are huge to cause the boom. Players lose more than they win, whether you are playing for fun or for profit.

That’s just how it’s always been and that’s exactly how it will continue to be but it’s still such a shame that many gamblers still do not understand that gambling was initially designed to favour the house more than the players which has really contributed to certain losses that gamblers incur for themselves, in an attempt to win after much losses or even winning, which often lands them in higher losses which could’ve been initially avoided if only they had just acknowledged the fact that the house will always have more advantages.

[tvplus006]

...who are the ones generating the most revenue for the gambling industry and its owners, the people who gamble only for fun or those who gamble both for fun and for profit, all the rising population of gambling addicts?..

For the gambling industry, it doesn't matter who brings them income, the one who plays for fun or the one who plays for the sake of winning, as both end up leaving their money there. But I think there are a lot more people who play for fun, although they also have the same goal of winning at the casino.

[Vaculin]

The increasing number of addicts may be a good catch for casinos to get massive, as they risk bigger amount of funds that bring huge profits to casino owners. But still, we all know addiction should be discouraged. As long as gamblers do gamble for profits and to find entertainment, they give an edge to the casinos to increase their revenues from time to time.

[AmoreJaz]

The increasing number of addicts may be a good catch for casinos to get massive, as they risk bigger amount of funds that bring huge profits to casino owners. But still, we all know addiction should be discouraged. As long as gamblers do gamble for profits and to find entertainment, they give an edge to the casinos to increase their revenues from time to time.

And in these generation, there will be more gamblers as they discover the online gambling platforms. The easy access will contribute to the rising numbers of gamblers. As long as you are connected over the net, you can basically go to any gambling site and sign up unless, your country is restricted. This is why, more online gambling sites are being introduced because of the rising demand on this industry.

[tread93]

The only main way that casinos generate revenue is through the losses of the gamblers, the casino owner only needs the start-up capital to build the infrastructure within the platform and also groom the casino until it is financially stable enough to run its cost on the revenue generated within it, but the main financial fuel for gambling businesses is the gambler money used to stake game and losing.

To be ahead in this, that is the reason that casinos implement the house edge system so that casino operators will have a bit of an edge to keep the revenue flow steady so that they won't run out of business.

Thats not true, casinos at least physical casinos have other ways that they generate money through hotels and other avenues through restaruants and other services that they provide. Even online casinos probably have other ways that they generate money apart from just the gambling like ad revenue etc. But hey you're right that the majority of their money is generated from gambling.

[Hazink]

...who are the ones generating the most revenue for the gambling industry and its owners, the people who gamble only for fun or those who gamble both for fun and for profit, all the rising population of gambling addicts?..

For the gambling industry, it doesn't matter who brings them income, the one who plays for fun or the one who plays for the sake of winning, as both end up leaving their money there. But I think there are a lot more people who play for fun, although they also have the same goal of winning at the casino.

There are a lot more people who play for fun, no doubt, but the amount those will risk on a single bet won't be the same as the amount those who play for profit will risk on a single bet.

Just like the VIPs, the majority of them all don't fall under the categories of those who gamble for fun. The same thing is applicable with those who are addicted; they play more and spend more while trying to satisfy their urge and also trying to win back eBay they have been losing, which becomes very difficult for them to let go.

[Solosanz]

Online casino makes gambling really so this huge because in offline casino, many people are discouraged to go there due to not want people know they're gambler, safety reason and teenagers/kids not allowed to gamble.

One can create multiple accounts and use VPN to access the casino, but regardless they win or lose, the casino will take all of the money because the casino can accuse the gamblers for broke their terms.

[Kelward]

The increasing number of addicts may be a good catch for casinos to get massive, as they risk bigger amount of funds that bring huge profits to casino owners. But still, we all know addiction should be discouraged. As long as gamblers do gamble for profits and to find entertainment, they give an edge to the casinos to increase their revenues from time to time.

Many people are rushing into gambling when they hear about huge wins, they will think that it's a short cut to riches. They will use huge amounts to gamble and if they lose they'll begin to chase loses, in the end they'll become addicted. I believe that these are the category of gamblers that makes the casinos to be very rich because casinos only make profits from loses. People who gamble for fun and don't take it too seriously can not be addicted because they most likely gamble with amounts that they can afford to loose.

[ethereumhunter]

Online casino makes gambling really so this huge because in offline casino, many people are discouraged to go there due to not want people know they're gambler, safety reason and teenagers/kids not allowed to gamble.

One can create multiple accounts and use VPN to access the casino, but regardless they win or lose, the casino will take all of the money because the casino can accuse the gamblers for broke their terms.

Online casino gives an easiness to them not to visit the casino physically. They can use many devices to start playing gambling and that makes online casino bigger than few years ago. This makes the casino owner generate more and more money because they have many customers visit their casino and playing gambling.

Gamblers will only need to have fun without think about winning in the games although they can win some money. But the casino owner and the investor will takes their profit bigger than the gamblers. So we may see the growing of online casino in the future and that will also happen to offline casino where they can gives their best services to their customers.

[Churchillvv]

Many people are rushing into gambling when they hear about huge wins, they will think that it's a short cut to riches. They will use huge amounts to gamble and if they lose they'll begin to chase loses, in the end they'll become addicted. I believe that these are the category of gamblers that makes the casinos to be very rich because casinos only make profits from loses. People who gamble for fun and don't take it too seriously can not be addicted because they most likely gamble with amounts that they can afford to loose.

Perhaps every single partaker of gambling makes casino rich, no matter how small or big one gambles it increases the value of the gambling industry. Even without addicted gamblers the industry keeps increasing it's value because some who in their spare times gamble for fun the literally contribute to the wealth of the gambling industry, and here we aren't just talking about casinos profit, we are talking about the total industry however the large number of people in the world and how Gambling has been taking serious it's definitely going to amount to the billions OP is talking about in the industry.

[Odusko]

The increasing number of addicts may be a good catch for casinos to get massive, as they risk bigger amount of funds that bring huge profits to casino owners. But still, we all know addiction should be discouraged. As long as gamblers do gamble for profits and to find entertainment, they give an edge to the casinos to increase their revenues from time to time.

And in these generation, there will be more gamblers as they discover the online gambling platforms. The easy access will contribute to the rising numbers of gamblers. As long as you are connected over the net, you can basically go to any gambling site and sign up unless, your country is restricted. This is why, more online gambling sites are being introduced because of the rising demand on this industry.

If you check the gambling industry growth statistics in 2024 you will see that the number of slot machines and other casino-based games increased massively and at the same time the introduction of new casinos all over the world, this shows that the gambling market is at massive fast growing stage and with that comes also with all the challenges such as gambling addiction and addictions in underage gambling, all this will have to be carefully taken care of as long as we want to have a clean gambling industry that the future generations can inherit since gambling can never be flushed out of the system.

[Oluwa-btc]

I don't think it's the gambling addicts that are responsible for the growing number of casinos nowadays, but more likely, it's the responsible gamblers that are making casinos create consistent growth and increasing flow of income. Those who gamble for entertainment and attract profits as well are definitely the people who are behind the boom of casinos, not the gambling addicts that are only ruining their lives with uncontrollable gambling.

I quite don't agree with that because we're all unsure how this procedure works.The appreciation goes to everyone that has been in the gambling space all along.Gambling for profit or fun,all are gambling choices and the company has been able to operate and be active due to consistent gambling practices of the gambling addicts/users.Whether or not,Gambling statistics keeps booming because of addictive and responsible gambling.

[Hispo]

...
One can create multiple accounts and use VPN to access the casino, but regardless they win or lose, the casino will take all of the money because the casino can accuse the gamblers for broke their terms.

And they would be right, because one as a gambler is never supposed to knowingly break the terms of service of a casino, specially if one expects to withdraw from such website to a privately held wallet.
Also, It is already taken as a cliché how casinos can use their ToS against the gambler, but in my opinion only shady and scam casinos go out their way to weaponize their Terms of service against gamblers and try to take as much money as possible from them in such manner.
If a casino does not allow multiple accounts nor VPN, then the obvious step would be to find an alternative which does, not to try to fool the staff of the service.

[famososMuertos]

With the growing number of both online and land-based casinos over the years and their market capitalization reaching $540 billion dollars+, it is expected to double the number in the next 4 years, according to [url = https: //www.thebusinessresearchcompany.com/report/gambling-market#:~:text=The%20global%20gambling%20market%20reached,at%20a%20rate%20of%206.6%25.] The Business Research [/url]

Now my question is, who are the ones generating the most revenue for the gambling industry and its owners, the people who gamble only for fun or those who gamble both for fun and for profit, all the rising population of gambling addicts?

I'm just asking out of curiosity to know if there are fewer gambling addicts in the industry; will we still be seeing the kind of massive numbers of new casinos emerging every now and then, or will the old and reputable ones just upgrade to suit the demand of the customers?

You have a "mutation" in the characteristic theme of this type of templates:topic-addiction-business that appear on the board every year, I would only have to say welcome to the new 2025 season of users on this board who seek to open spaces for spam for their daily quota.

OP, the topic is debatable, of course it is, but what "boom" are you talking about, and who is behind it, let's start with the fact that you yourself help by publishing a topic about casinos, let's not want to wash our hands by giving our opinion on a topic as if we were carrying the flag of the holy trinity...

[danherbias07]

In my opinion, the guys who make casinos most profitable are the rich guys, they spend millions of dollars in casinos when they want to have fun and since they are rich people who have big companies, even if they lose a few hundred dollars in casinos, it doesn't harm their lives. while the poor people who play in casinos, even though there are many people playing, still cannot surpass the amount of money that the rich guys spend in casinos

But I do believe the casino's target is always the average guy. The rich will keep on spending, that is true, but they will stop as they figure out that they cannot win and they are also calmer when they play so they can easily walk out. The average guy with his hard-earned money on the other hand has a different mindset, to win, to try and try until they win and that means more profits for the casino as he keeps on trying.
I think it's the mass ordinary people who make the gambling industry explode plus it's not like there are many rich guys in the world and most of them know the importance of money so they won't just spend unwisely doing it unless they are addicted.