Would the gambling industry survive if people only played for fun only?

[Dave1]

Let me explain the thread title. I know a lot of us here would say we should be gambling for fun, but in reality most people don’t gamble just for fun, they do it mainly for profit. Even if they lose, they keep coming back because they hope to eventually become profitable in gambling.

But what if people stop aiming for profit and gamble only for fun, what do you think would be the impact on the gambling industry?

Will we still see it growing or will the industry shrink?

Yes, doesn't matter if you think people are playing for fun or wanted to win money. It's business at the end of the day and so with the house edge, even those who thought that they are playing for fun will have to lose money at some point, hence that is the profit that the casino are going to get. There profits though might not be as massive as what they projected, but still it's profit for them.

Maybe we will have less land base casinos or online platform, or maybe playing in casinos will be not for everyone and you will have to go and show money at entrance to make sure that casinos are going to profit for every customers going inside. Or if there are brick and mortar casinos, it might not be as big as lavish as what we have right now.

[crwth]

I agree with all the members that gambling is mostly about profit, and a lot of gambling addicts are in it for the "hope" of winning that jackpot to "change" their lives. It may be easy to determine whether they are gambling for fun or profit. If the player is always depositing or active, then it might be for profit. The entertainment aspect is mostly occasional, as you might get bored. It would depend on different people for sure.

In terms of entertainment, I believe that the entertainment factor is not much discussed, like improving the experience of players, maybe using VR or something to that extent, to have the "entertainment" feel. That could be another aspect to consider if players are interested.

[AbuBhakar]

Let me explain the thread title. I know a lot of us here would say we should be gambling for fun, but in reality most people don’t gamble just for fun, they do it mainly for profit. Even if they lose, they keep coming back because they hope to eventually become profitable in gambling.

But what if people stop aiming for profit and gamble only for fun, what do you think would be the impact on the gambling industry?

Will we still see it growing or will the industry shrink?

For fun or not casino will survive as long as there’s consistent number of people wagering on the casino.

You should indicate too what will be the wager volume of those who will gamble for fun since not because people gamble for fun they play less since many millionaires and rich people still gambling for fun and risk a lot of money just to be entertained.

Casino industry was boom because of rich people using it for entertainment purposes. It’s just become popular mainstream because it affordable and convenient to everyone including the poor but even before the majority of gambler in casino is rich that is just gambling for fun.

[coin-investor]

But what if people stop aiming for profit and gamble only for fun, what do you think would be the impact on the gambling industry?

Will we still see it growing or will the industry shrink?

If people are playing for fun, then the casinos have achieved their goal to become an entertainment portal where people come to enjoy the games they offer.

Legal Casinos online and offline promoted their platform as an entertainment portal, as described in their license. The casino will not lack profit, and people coming to play will continue to wager.
There are gamblers who want to make a profit by wagering small amounts, and others who gamble for fun, wagering massive amounts.

In reality, there will always be people who cannot control being addicted to gambling, so even if the regulators and the casinos want their players to play for fun, reality will not let that happen.

[Ishicryptic]

The way I see it gambling industry will continue to grow because people have different reasons to gamble and that is what matters, their collective effects will continue to drive the industry growth. If people gamble just for fun I don't think that the gambling industry will experience growth, those of us that gambles for fun still love to win so the hope to win is also a driving force for us to always come back. Enjoying what you do is important for you to keep repeating it and also getting value is another reason to keep repeating something, that is why I said that we all have different reasons for gambling and it contributes to the growth of the industry.

[Solodoski]

If people start playing gambling for fun, it will definitely affect the  betting companies,  but it will not stop them from making profit. It can limit the profit or income they make, become those that play for fun don't play with a lot of money and also don't play all the time, so it's really going to reduce the income for betting companies.
The betting companies are still going to make income, because it's an entity that is established to make profit and since gambling has to do with luck and chance, your chances of winning is very slim wether you play for profit or for fun, so they will still make income, but it will definitely reduce the income if everyone plays for fun.

[Yaunfitda]

The way I see it gambling industry will continue to grow because people have different reasons to gamble and that is what matters, their collective effects will continue to drive the industry growth. If people gamble just for fun I don't think that the gambling industry will experience growth, those of us that gambles for fun still love to win so the hope to win is also a driving force for us to always come back. Enjoying what you do is important for you to keep repeating it and also getting value is another reason to keep repeating something, that is why I said that we all have different reasons for gambling and it contributes to the growth of the industry.

But it might not be as big as what we have seen in today. I mean just look at the land base casinos in Europe and in the USA. They are huge and they have to thank people who have been addicted to it and now it's a billion dollar business. As compare to let's say that go there to have some fun and be entertainment. Maybe they will just played $100.00 and extend that money for several hours and get out if they've lost everything and never play again. As compare to people who wants to hit the jackpot, maybe playing for one slot machine and then see if their $1,000 or $10,000 capital will turn into $100,000. So I think that is a big difference and it could really affect the casino if there are no players with that kind of mindset and the only players are those who has just a small budget.

[Ruttoshi]

Let me explain the thread title. I know a lot of us here would say we should be gambling for fun, but in reality most people don’t gamble just for fun, they do it mainly for profit. Even if they lose, they keep coming back because they hope to eventually become profitable in gambling.

But what if people stop aiming for profit and gamble only for fun, what do you think would be the impact on the gambling industry?

Will we still see it growing or will the industry shrink?

Of course, gambling industry will continue to grow because it's a lucrative business. A business that, the casino is always the winner will continue to be in profits because that's the nature of the business. In fact, casino didn't force you to gamble for profit.

The system was built for entertainment but due to the greed in human nature, they want to reap from where they didn't sow from. The only thing is that the industry wouldn't make much profit compared to what they are making when people ain't gambling for profit.

[mak013]

Let me explain the thread title. I know a lot of us here would say we should be gambling for fun, but in reality most people don’t gamble just for fun, they do it mainly for profit. Even if they lose, they keep coming back because they hope to eventually become profitable in gambling.

But what if people stop aiming for profit and gamble only for fun, what do you think would be the impact on the gambling industry?

Will we still see it growing or will the industry shrink?

You tell us that gambler really plays for profit and asks what would happens if they would play for fun? oO
I think that you answered your question. How can grow industry if the main part of gamblers will decrease(or stop) their expenses? It would decrease seriously. I think that it would left just few big casinos, who will accumulate all gamblers.

[danherbias07]

It will probably slow down the creation of many online casinos in the industry. If they see the statistics of a very low income in gambling, they would not even try to open a business that would just have a stagnant profit.

But we all know that is impossible. There are now many online casinos because they saw how high the profits can be if they market it correctly to the right people with money, and easily succumb to gambling problems. Gambling for fun is a myth. We are all trying to at least win something, small or big, while enjoying the games.

[Taskford]

Let me explain the thread title. I know a lot of us here would say we should be gambling for fun, but in reality most people don’t gamble just for fun, they do it mainly for profit. Even if they lose, they keep coming back because they hope to eventually become profitable in gambling.

But what if people stop aiming for profit and gamble only for fun, what do you think would be the impact on the gambling industry?

Will we still see it growing or will the industry shrink?

If there's still money involve when they gamble then yeah gambling industry would grow. Since the casino could still get some profit from their small and big time players. For sure that there's still huge profit to get as long as their players is willing to spend some money on their casino.

It will only shrink if it happens that majority of their players play using demo mode and there's no money will circulate on their casino.

So in that case the casino would really shrink since that operation is not profitable for them anymore.

[bitzizzix]

And the question is, won't people who gamble for fun also lose money?
And as long as casinos make money, they will continue to thrive because those who gamble just for fun are diverse, especially those who are wealthy and spend large sums of money simply for the satisfaction and thrill of trying to beat the house, even though it's impossible. There are also those who try this challenge regardless of how much money they lose, continuing to play until they win or give up.

[Beparanf]

If people start playing gambling for fun, it will definitely affect the  betting companies,  but it will not stop them from making profit. It can limit the profit or income they make, become those that play for fun don't play with a lot of money and also don't play all the time, so it's really going to reduce the income for betting companies.
The betting companies are still going to make income, because it's an entity that is established to make profit and since gambling has to do with luck and chance, your chances of winning is very slim wether you play for profit or for fun, so they will still make income, but it will definitely reduce the income if everyone plays for fun.

To be fair, Most gamblers are playing for fun. Only the minority play for the sake of pure profit without even considering the entertainment purposes.

I believe OP meant if gambler doesn’t play out of control or not responsible gambler since most of the compulsive gambler give huge profit to the casino.

If all gamblers will play low I believe casino industry will collapse due to their huge operation expenses while their income will be cut to the minimum level.

[Juicyhome]

Its funny, either fun or not, provided you are staking with money, the industry will survive more. its not stopping soon. This  industry earn through mass money, your little stake plus thousand of people small amount stake can generate billion of dollars. when people say they are playing gamble for fun, it sound funny because you are playing with your money, no free bet.  Even when you have free bet, it does not last.

If you cross check the number of casino and sporting sites, globally you will discover there are increasing daily. Because they are making huge sum from this industry, no fun play here, your money is at stake.

[SATWAT]

To be fair, Most gamblers are playing for fun. Only the minority play for the sake of pure profit without even considering the entertainment purposes.

I believe OP meant if gambler doesn’t play out of control or not responsible gambler since most of the compulsive gambler give huge profit to the casino.

If all gamblers will play low I believe casino industry will collapse due to their huge operation expenses while their income will be cut to the minimum level.

This is important because big markets in gambling having good advantage for them where things are balanced for them and casinos can stay on level as well because peoples are spending their funds for fun with strategy and this helping them out for having good profit.
Developing countries markets are also important for them but here peoples are having different mindset which is always needed to have profit which is surely never working for them so when they have money they jumped mean its not regular market for them.
Gamblers playing high or low all matters but still this could be having negative impact on market because things could be not as casinos needed to stay on good run, but surely they can survive.

[Lanatsa]

Let me explain the thread title. I know a lot of us here would say we should be gambling for fun, but in reality most people don’t gamble just for fun, they do it mainly for profit. Even if they lose, they keep coming back because they hope to eventually become profitable in gambling.

But what if people stop aiming for profit and gamble only for fun, what do you think would be the impact on the gambling industry?

Will we still see it growing or will the industry shrink?

If people stopped gambling for profit and only did it for fun the whole industry would definitely change a lot because the truth is profit chasing is what drives most of the money that goes into casinos and online platforms, when someone plays just for entertainment they usually set smaller budgets, they don’t deposit as much, and they don’t chase losses, this means casinos would see less revenue overall

Without that constant flow of money from people hoping to hit big wins, the industry would shrink, maybe not collapse entirely but it would be way smaller, promotions and ads would shift more towards “entertainment” and “leisure experiences” rather than quick profit and jackpot dreams, gambling might look more like going to a movie or amusement park, a fun outing but not a lifestyle

The impact would be less addiction cases and probably a healthier environment overall, but on the business side casinos would lose their biggest profit stream which is the people chasing money, so while the industry would survive, it wouldn’t be as massive as it is today.

[Dr.Bitcoin_Strange]

Even if people stop gambling for profits like you said and only gamble for fun which might not be as frequent as they do before, the casinos will still be rich and will still exist before there are millions of people around the world that will still be gambling every day, if 500 million world population people gamble for fun in a day and lose that money, you can imagine how much the casino made that day.

[Bright0515]

Let me explain the thread title. I know a lot of us here would say we should be gambling for fun, but in reality most people don’t gamble just for fun, they do it mainly for profit. Even if they lose, they keep coming back because they hope to eventually become profitable in gambling.

But what if people stop aiming for profit and gamble only for fun, what do you think would be the impact on the gambling industry?

Will we still see it growing or will the industry shrink?

Sometime I don't don't gamble for fun completely, I might gamble with the mindset of entertainment but at some point you might forget that you are gambling for entertainment and try to win some money.i don't think entertainment has an side effects for the gambling industries, so casinos will always develop and keep coming if all gamblers are gamblimg for entertainment. Entertainment is the main reason why gamble is created but we normally gamble to win and make money from it and that is why they're many addict gamblers.

[rbynxx]

Let me explain the thread title. I know a lot of us here would say we should be gambling for fun, but in reality most people don’t gamble just for fun, they do it mainly for profit. Even if they lose, they keep coming back because they hope to eventually become profitable in gambling.

But what if people stop aiming for profit and gamble only for fun, what do you think would be the impact on the gambling industry?

Will we still see it growing or will the industry shrink?

It's literally not for fun if you've been into it for days, I think I might agree if you were played for a day because you were hook to play but if you literally come back, that's not for the sake of fun in it. Actually even if it was initially to be for fun if something hits your ego like you lose over a couple of bucks, that will trigger you to check again later on.

No, people will not do that, they'll gamble for profit, government will do, the casinos will do, it was just simply the chain and it's a profitable venture and it wouldn't be eliminated anytime soon. With more laws to limit it, sure it will shrink and it's for the next generation to decide but I think as we progress gambling has becoming more rampant especially online and I will not be hypocrite to say it because I'm a gambler myself.

[Oluwa-btc]

But what if people stop aiming for profit and gamble only for fun, what do you think would be the impact on the gambling industry?

Will we still see it growing or will the industry shrink?

It's certain that the gambling industry will always be in profits if gamblers gamble for fun cause there are still chances of loses attained while gambling for fun though it may not be much compared to when one is gambling for money, because gambling for fun mwnss one is gambling responsibly in most cases and hence the chances of loses won't be much but then the industry will still survive but in a slow rate.