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

[len01]

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?

Stop to aiming profit in gambling doesn’t mean people will stop gambling altogether, gamblers will still play for fun but with smaller amounts. I assume that nowadays, most gamblers are just playing for enjoyment and that customers will still deposit anywhere from $5 to $100, which of course still brings profit to the casino. So, if we assume gamblers stop trying to make a profit and instead gamble just for fun, it obviously won’t have a negative impact on the casino. It might just mean the casino’s revenue decreases slightly.

[Porfirii]

I'm not sure whether the long tail of gamblers who bet just for fun is much bigger than those who gamble heavily, and I think that this is where we should start investigating to answer the OP's question. If the long tail is much bigger then the impact wouldn't be so big, and viceversa. Has anybody found a complete analysis about the number by typology of gamblers and country, for example? I intuitively think that in mine the industry would hold specially well (up to a 80% of the population plays the national Christmas lottery and could be labeled as casual gamblers).

[nara1892]

The impact will definitely be felt, casino income will definitely decrease and maybe it will be quite significant because I think most gamblers play more with the aim of chasing wins so they act aggressively but the gambling industry in my opinion will survive, only maybe the interest will decrease a little, the point is if for example all gamblers become gambling for entertainment then casino income will definitely decrease because logically there will be more people who prefer to take other types of entertainment such as entertainment in general, going to tourist attractions, watching movies etc, there will be no development for casinos and most likely their income will stagnate then after that decrease until bankruptcy.

[Reid]

As long as there's profit. There's entertainment, and it's one of the highest paid industry in this era. People are looking for something that they can have fun with so I think even if they are just playing for fun, the gambling industry will still survive.
There are rich people out there who can spend thousands of dollars just to feel the thrill of entertainment. Some would even pay a VIP seat which cost a lot just to feel the concert or the sport that he love.

[r_victory]

My view on gambling for fun is that even if the goal is to win (no one gambles to lose money), you don't make it a drama in your life; you gamble with a clear conscience, without commitment. And gambling for fun isn't gambling without money; casinos' profits are based on the amount you deposit and use.

If gamblers stop depositing, they'll stop making profits, and without profits, they won't survive. This will be difficult, practically impossible, to happen.

[HelliumZ]

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.

Yes, so those who participate in gambling for fun will definitely lose money, so why participate in gambling for fun? It comes down to the survival of the gambling establishment. Gambling or casino companies usually only accept participants who are here to do business. In this case, it doesn't matter who is here for fun or who is here to make money.

[Hewlet]

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 will look like they are just playing mobile games because it will not matter much since money is not involved. gambling is currently a booming industry because people are benefitting from it across different chains. if only the gambler is benefitting from it then the industry will run down, if it is only the casino that is benefitting from it, then the industry will equally run down because the gamblers will also loose interest at some point. if both the casino and the gamblers are not benefitting from it, then there is no gambling industry at all and that is what you are trying to point out.

the life that keeps any gambling industry running is the gambler, the casino and the returns that both the gambler and the casino get from themselves. if one is missing out then there is no gambling industry.

[Synchronice]

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?

We definitely need statistics that describes whether the majority of people are addicts or they play for fun. I think that those who are addicted to gambling, don't deposit much money on casinos because they don't have enough money. What's the reason of starting a gambling for those who usually end up addicted? Being poor is the reason. When they are poor and start active gambling, they become addicted when they lose money and become poorer with the hope of getting back what they lost. Rich people rarely develop addiction because they can't win more money than they have, so how should they develop an addiction? They can't chase what they lost because they have significantly more than that.
So, to my mind, gambling industry would definitely survive without addicted gamblers. Rich people are the ones who bring them the most profit because they gamble for fun with a huge bankroll all the time.

[Felicity_Tide]

~snip

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?

I personally think that the industry will shrink aggressively.
Majority of those who are into gambling are doing it for profitable reasons and nothing more. Only a very few are doing it for fun. Besides, it is a very massive Industry, so you won't expect everyone to play for fun and neglect the profits attached. My only problem with some of these people is when they start seeing gambling as a source of income, or a quick avenue to make money. That problem alone is what give rise to gambling addiction, and drive in more money into the gambling industry, which makes gambling for fun alone not a common practice.

[Agbamoni]

The question you should ask yourself is, are the players still gambling? If yes, then obviously the casino still makes their money and whether they are gambling for
fun or for profit, the casino still profit from the games they play. Many folks who gamble for fun, do win and loss. And gambling for fun dont limit the player from not gambling for long in the casino. IMO, those who are gambling for fun are the most addicted, than those who are gambling to make profit from the casino.

[Botnake]

I personally think that the industry will shrink aggressively.
Majority of those who are into gambling are doing it for profitable reasons and nothing more. Only a very few are doing it for fun. Besides, it is a very massive Industry, so you won't expect everyone to play for fun and neglect the profits attached. My only problem with some of these people is when they start seeing gambling as a source of income, or a quick avenue to make money. That problem alone is what give rise to gambling addiction, and drive in more money into the gambling industry, which makes gambling for fun alone not a common practice.

That’s the truth, nobody plays purely for fun where if they lose it’s just fine and they won’t be eager to come back. Most of us gamblers play to win and be profitable. When we lose, we chase it to at least break even. At that point it’s no longer just fun, it’s more like a challenge to prove we can beat the house.

And, gambling addiction doesn’t come from “fun,” it comes from greed for money. That alone proves it, gambling just for fun isn’t really fun from the gambler’s side.

[EluguHcman]

How in the first place can we identify those playing doe the fun and those playing doe profits if they don't say it out? Even as most of us here would support the opinion that gambling is meant for an entertainment of playing for fun, let us say YES to that and also be honest, have we been winning more than our looses? Of course is a hell no. Therefore, those casinos and gambling platforms are well benefiting from all those of our looses.

Gambling for fun and gambling for profit might appear different by how we might section it but the truth is that we are all the same because we all have our various bankrolls with same risk of loosing.
In same sense, the house edge will always be at advantage to account profits.

[Promocodeudo]

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?

Gambling for fun is a technique must people use to stay safe without getting addicted, some people choose to gamble for fun and some people prefer gambling for extra return but we must know this, which is the number or will say the percentage of people gambling for the money definitely surpass the people that gambles for fun that's the reality and because of this, I won't bother myself to think about what happens if people decide to only gamble for fun only because it is not going to happen, we have move away from that stage, gambling was actually invented for entertainment and fun but that was then, the industry won't move out of business because some person has taken gambling the next but if the question you asked eventually take place we already knows what follows it but since it won't, I won't have anything to say more about it.

[Tmoonz]

Know that poor and rich gamblers have different levels of entertainment. The poor gamblers may be easily entertained with just small bets, but for rich and high rollers, they don’t get satisfied with minimal bets but they go on betting for larger funds and that means higher satisfaction for them.

So what I’m trying to point out here, the gambling industry will still be able to survive as long as there are regular gamblers that will play consistently. However, the growth will be quite delayed but that does not mean that their business will end up shrinking.

I have the same sentiment with you and that is the obvious truth about this whole situation, every gambling industry aims is that gamblers comes to patronizing them if which it could either be for fun or for profit which of course doesn't necessarily matter to them, it is true that even when everyone may tend to gamble for fun there will different levels of approach and when it comes to the amount to be used what might be too big me might be too small for the next man and this is as a result individual financial differences.

[₿itcoin]

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?

The gambling business will collapse completely if everyone plays the game only for fun & consider it just a money-making element. you may know there are only 3% of bettors who make up about 82% of online betting revenue. they are big players, not mere amateurs. Casinos and sportsbooks cannot afford to have fun bettors alone, they need the high-rollers and addicted types to ensure the cash flows on a regular basis. Besides, there is the fact that regulated markets generate billions in employment, tourism and tax revenues, but they are also constructed on the backs of high frequency, high loss players. Abdicating profitability is fine for theory books but would be literally like smashing the whole party, fun bettors alone would not cover costs

[aioc]

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?

Unless you take out the potential to win a jackpot, there will be people who will play for money; it’s human to realize profit and we are made to be productive and to generate money.

Even if the majority play for fun, as long as they keep betting and their betting habits remain unchanged, the casino will continue to make a profit; it’s just the way it should be.

[Wapfika]

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?

The gambling business will collapse completely if everyone plays the game only for fun & consider it just a money-making element. you may know there are only 3% of bettors who make up about 82% of online betting revenue. they are big players, not mere amateurs. Casinos and sportsbooks cannot afford to have fun bettors alone, they need the high-rollers and addicted types to ensure the cash flows on a regular basis. Besides, there is the fact that regulated markets generate billions in employment, tourism and tax revenues, but they are also constructed on the backs of high frequency, high loss players. Abdicating profitability is fine for theory books but would be literally like smashing the whole party, fun bettors alone would not cover costs

Do you have reference for your stats provided here? I’m curious on how the stats conducted since “playing for fun” term is objective. Not because high roller playing huge bankroll they are not having fun already when they are playing.

Surely, the majority of casino profit are from those high roller that consistently playing and losing in the casino but no one know their real objective when gambling either for fun or profit only because it can be both.

This is why I’m interested to know if there’s survey conducted based on that subject.

[acroman08]

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

Who knows, I mean, all anyone can do is make an assumption about it. I, for one, can only assume that if everyone only gambles for fun, the gambling industry will shrink, but not to the point that it will struggle to keep the industry alive. Will it grow after that? Will it be as successful as before? I don't know, maybe.

[YOSHIE]

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?

Like a proverb that says "you are not lucky try again" means in it there is something that is money, if there is no money, maybe you don't want to try again.
Gambling and fun words are like proverbs like innocent, so that people who hear gambling are oh to have fun.
But it needs to be understood in the gambling industry that is synonymous with money, there is no crazy person money wasted for free for one of the games, The meaning of having fun is not something that has pleasure for gamblers, the last money of hope whether they are poor and rich in the main purpose of money and win big, I have not seen people bored with money.

So the gambling industry is more happy, advanced and the gambling industry is more rampant, if people often say fun, they have a positive reason to be developed in people's lives, having fun, But the facts on the ground are not for fun, the opposite of the end of hope.

Try asking those who gamble often say the words of fun, when they lose consecutives, if they answer emotionally and stress it means they are not for fun.

[KiaKia]

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?

Based on the question you ask on your topic, casinos can survive if all gamblers decide to gamble for fun only, your topic sound as if gambling for fun is free or is it?

Even banks around the world make millions from transactions charges every month or so, this doesn't include credit and debit card charges, if all gamblers decide to gamble for fun, the amount won't be the same.

In the name of fun I can decide to gamble with $1 only, with other 10,000 gamblers using the same amount that's $10,000, the truth is they will never use the same amount, some will afford $10 or more.

With the luck ratio with online casinos we all know that winning is very slim, so how will casinos not make good amount of money every day? Unless they lose customers only.