Best of the Week
Most Popular
1. 2019 From A Fourth Turning Perspective - James_Quinn
2.Beware the Young Stocks Bear Market! - Zeal_LLC
3.Safe Havens are Surging. What this Means for Stocks 2019 - Troy_Bombardia
4.Most Popular Financial Markets Analysis of 2018 - Trump and BrExit Chaos Dominate - Nadeem_Walayat
5.January 2019 Financial Markets Analysis and Forecasts - Nadeem_Walayat
6.Silver Price Trend Analysis 2019 - Nadeem_Walayat
7.Why 90% of Traders Lose - Nadeem_Walayat
8.What to do With Your Money in a Stocks Bear Market - Stephen_McBride
9.Stock Market What to Expect in the First 3~5 Months of 2019 - Chris_Vermeulen
10.China, Global Economy has Tipped over: The Surging Dollar and the Rallying Yen - FXCOT
Last 7 days
Gold Bullhorns Quieted for a Day, at Least - 22nd Feb 19
US Auto Loans - Americans Missing Car Payments Is a Symptom of a Much Bigger Problem - 22nd Feb 19
Stock Traders Must Be Cautious Part III - 22nd Feb 19
Stock Traders Must Stay Optimistically Cautious II - 22nd Feb 19
Sheffield FlyPast Footage - "Mi Amigo" US Bomber Crash Memorial Endcliffe Park - 22nd Feb 19
Sheffield "Mi Amigo" Memorial Fly Past , BBC Crew Setting Up Stage for Breakfast TV Endcliffe Park - 21st Feb 19
Stocks Closer to Medium-Term Resistance Level - 21st Feb 19
The Stock Market’s Momentum is Extremely Strong. What’s Next for Stocks - 21st Feb 19
QE Forever: The Fed's Dramatic About-face - 21st Feb 19
Gold Technical Perspective – Why So Bullish? - 21st Feb 19
Sheffield "Mi Amigo" Memorial Fly Past at 8.45am on 22nd Feb 2019 - 20th Feb 19
Here’s The Real Reason You Stress About Money - 20th Feb 19
Five Online Marketing Predictions that will Matter in 2019 - 20th Feb 19
Has Gold Price Reached Upside Resistance Near $1340-1360? - 20th Feb 19
So Many Things are Not Confirming Stock Market Rally - 20th Feb 19
Forex Trading Management: The Importance of Being Prepared - 19th Feb 19
Gold Stocks are Following This Historical Template - 19th Feb 19
Here’s Why The Left’s New Economic Policies Are Just Stupid - 19th Feb 19
Should We Declare Emergency for Gold? - 19th Feb 19
Why Stock Traders Must Stay Optimistically Cautious Going Forward - 19th Feb 19
The Corporate Debt Bubble Is Strikingly Similar to the Subprime Mortgage Bubble - 18th Feb 19
Stacking The Next QE On Top Of A $4 Trillion Fed Floor - 18th Feb 19
Get ready for the Stock Market Breakout Pattern Setup II - 18th Feb 19
It's Blue Skies For The Stock Market As Far As The Eye Can See - 18th Feb 19
Stock Market Correction is Due - 18th Feb 19
Iran's Death Spiral -- 40 Years And Counting - 17 Feb 19
Venezuela's Opposition Is Playing With Fire - 17 Feb 19
Fed Chairman Deceives; Precious Metals Mine Supply Threatened - 17 Feb 19
After 8 Terrific Weeks for Stocks, What’s Next? - 16th Feb 19
My Favorite Real Estate Strategies: Rent to Live, Buy to Rent - 16th Feb 19
Schumer & Sanders Want One Thing: Your Money - 16th Feb 19
What Could Happen When the Stock Markets Correct Next - 16th Feb 19
Bitcoin Your Best Opportunity Outside of Stocks - 16th Feb 19
Olympus TG-5 Tough Camera Under SEA Water Test - 16th Feb 19
"Mi Amigo" Sheffield Bomber Crash Memorial Site Fly-past on 22nd February 2019 VR360 - 16th Feb 19
Plunging Inventories have Zinc Bulls Ready to Run - 15th Feb 19
Gold Stocks Mega Mergers Are Bad for Shareholders - 15th Feb 19
Retail Sales Crash! It’s 2008 All Over Again for Stock Market and Economy! - 15th Feb 19
Is Gold Market 2019 Like 2016? - 15th Feb 19
Virgin Media's Increasingly Unreliable Broadband Service - 15th Feb 19
2019 Starting to Shine But is it a Long Con for Stock Investors? - 15th Feb 19
Gold is on the Verge of a Bull-run and Here's Why - 15th Feb 19

Market Oracle FREE Newsletter

The Real Secret for Successful Trading

How Online Gambling has Impacted the Economy

Economics / Gambling Jun 14, 2018 - 11:49 AM GMT

By: Steve_Marks

Economics

A Powerful Influence

Unless you have been sleeping under a rock in a cave, on a different planet, chances are you have noticed or heard about the recent rise in online gambling. Pretty much everything you can imagine is now moving to the online space, and gambling being such a lucrative industry, you can bet that bringing that industry to the world wide web has made a powerful impact on the economy.


Whether it is gambling tips, online casinos, or online poker, the gambling community has grown considerably over the last few years as entrepreneurs, investors, and professional gamblers alike scramble into the online space hoping to capitalize on the billions of dollars of revenue floating around the internet.

Good Deals

One of the reasons that gambling has had such a profound impact on the economy is because there are a lot of great gambling specials online, which especially encourage newcomers to try their hand at it. The internet has over 2 billion users, and it is growing like wildfire every day. That also means there is a whole new generation of people flocking to the market. So it is very appealing for investors to try to capitalize on so much new potential revenue.

Long-time high rollers love this move to the internet as well. That is because it means a whole new batch of inexperienced gamblers that breathe new life into the gambling scene. It is projected that the gambling scene will grow substantially over the next ten years, and you can bet there are plenty of finance gurus moving in to make their plays.

The Stats

Gambling has become a staple of many communities all over the world. New Zealand’s economy for instance has experienced a huge boost in revenue for the communities thanks to the new gambling sensation. In 2016 alone, online gambling brought in a record 40 billion dollars. Even more interesting, over 40% of that revenue came from young gamblers between the age of 21 and 34.

The stats have shown that there are lots of younger players wanting to get in on the action, but they prefer to play online rather than make big trips to expensive brick and mortar casinos. Another advantage of the online gambling community is that countries where there are no casinos or regulations are strict, members of that country can still play the games they like online.

The Freedom

The online gambling community is pumping revenue into a lot of places that would likely be floundering otherwise. The impact that gambling has had on the economy is clear at this point, and it seems to be for the better. Online casinos don’t have the same money restrictions or rules that in-house casinos do.

Also online communities can be reached from anywhere. People are no longer limited to what games they can play based on where they live. This has provided a kind of economic and social freedom that makes the appeal easy to see.

By Steve Marks

Disclaimer: This is a paid advertorial. The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules