Is the rise of online gambling a bubble?

[mu_enrico]

I randomly stumbled upon this discussion about the rise of online gambling, including crypto casinos, actually being a bubble. Meaning that people now engaging in online gambling, whether slots, live games, sports, or whatever, is only temporary and destined to bust. Do you think it's true? If yes, what makes it bust? Do people get bored, or do they all go broke? Not sure what the reason is, lol.

In my opinion, it's not a bubble but would be more accurate to call it the 4 stages of the product life cycle thing. Are we now at the end of the growth stage or maybe early growth, or else? What do you think?

[SmartGold01]

Like I know online gambling has now become the easiest form of gambling with ease, and the crypto casinos make its easier for us to gamble with ease even without having to go through casino house or betting shops such as local casino/gambling site. Of course with the use of crypto currency today, it has really reshaped the way of gambling and enhance and also increased the rate at which people's gambles online.

[robelneo]

The fact that its a multibillion dollar industry, the fact that many new casinos are coming, and these old online casinos are spending fortunes just to brand themselves, doesn't make online gambling a bubble; in fact, this will stay on as long as man's quest for a challenge to make money is there and as long as its treated as both an entertainment portal and a chance to make money.

[Igebotz]

Gambling is a bubble when viewed from an individual perspective because people gamble on a personal level. People begin gambling and eventually stop for a variety of reasons, which determine how long they gamble. When they are not able to realize their reason for gambling, they are more likely to stop gambling, but there are always gamblers patronizing the casino, making it extremely difficult for a casino to close. Casinos are constantly milking gamblers, so the number of casinos is increasing rather than decreasing. Thus, from the angle of the casino gambling is not a bubble.

[JoyMarsha]

Online gambling can not be a bubble because it has given rise to billions of dollars as new companies are coming into it to make money and give us the fun of gambling more interesting games.

Does it look like gambling will burst soon after being phenomenal for years in having increased accessibility, diversity of games, and so many promotions to attract new gamblers and retain the old ones? However, gambling has existed for years, so it will be hard for someone to take gambling as a bubble because it has proven to be a legit means to earn money quickly

[Rruchi man]

In my opinion, it's not a bubble but would be more accurate to call it the 4 stages of the product life cycle thing. Are we now at the end of the growth stage or maybe early growth, or else? What do you think?

I don’t think it is a bubble, it is a trend that will continue for a very long time until s new type of gambling takes over. With the benefit that online gambling brings, it will be very difficult to ignore. The ease that comes with online gambling is very unreplaceeable because of the love for ease.

[Tribalchief]

I don't really see online gambling platforms as bubbles because i believe things in this world needs to evolve, which in most cases, has to do with moving from physical to online. Besides, there are millions of gamblers that prefers gambling from the comfort of their home. If it's possible to gamble on legit slot games and other available casino games via the internet, then who needs to walk down to a casino.

But my only problem with this online casinos is the authenticity of some of their games, because i believe that some online casinos might probably want to take advantage thereby manipulating some of these online games.

[libert19]

I randomly stumbled upon this discussion about the rise of online gambling, including crypto casinos, actually being a bubble. Meaning that people now engaging in online gambling, whether slots, live games, sports, or whatever, is only temporary and destined to bust. Do you think it's true? If yes, what makes it bust? Do people get bored, or do they all go broke? Not sure what the reason is, lol.

Things go bust when there are no more users, or profits are no longer enough to sustain business while in case of crypto casinos — since plenty of them keep popping up, it must be a profitable business and there is no lack of gamblers either.

..and as matter of fact, these crypto casinos also pay thousands of dollars each week to signature campaign participants.

But yes, crypto as a whole is often called a bubble, if it so (is it?), crypto casinos would be, of course, a no exception.

In my opinion, it's not a bubble but would be more accurate to call it the 4 stages of the product life cycle thing. Are we now at the end of the growth stage or maybe early growth, or else? What do you think?

I don't know what these 4 stages are but in mentioned two, I will go with growth stage. If you asked same question, a decade early, then I would have went with 'early growth ' stage.

[bisdak40]

I don't really see online gambling platforms as bubbles because i believe things in this world needs to evolve, which in most cases, has to do with moving from physical to online. Besides, there are millions of gamblers that prefers gambling from the comfort of their home. If it's possible to gamble on legit slot games and other available casino games via the internet, then who needs to walk down to a casino.

But my only problem with this online casinos is the authenticity of some of their games, because i believe that some online casinos might probably want to take advantage thereby manipulating some of these online games.

Yeah, things will evolve, from physical to online casino but there are pros and cons to both and just let the users choose on what platform he will use. In our country where there is a surge in online gambling, many individuals are complaining that there families were in trouble because members of their family were hooked up in this activity as it is now very convenient to gamble online.

[bitterguy28]

i do not think online gambling is temporary at all it is just new technology i am having a hard time figuring out why would the industry go broke? its a casino but online there is nothing that should be temporary about that maybe some platforms may have a shell life but not the entire industry a specific crypto casino may have the potential to not be successful but not online gambling as a whole

why would people turn their backs against online gambling when everything we can do now is through online? would people suddenly want to go to live casinos when  it is much easier and convenient for people to just gamble online?

[milewilda]

i do not think online gambling is temporary at all it is just new technology i am having a hard time figuring out why would the industry go broke? its a casino but online there is nothing that should be temporary about that maybe some platforms may have a shell life but not the entire industry a specific crypto casino may have the potential to not be successful but not online gambling as a whole

why would people turn their backs against online gambling when everything we can do now is through online? would people suddenly want to go to live casinos when  it is much easier and convenient for people to just gamble online?

Come to think even into those past years without having that crypto gambling takes place or had existed on which its quite obvious or evident that gambling industry is really that making up that
gradual increase in terms of revenue year by year. Just like on what you have said that i dont really see up the reason on why its really just that a bubble?
Why would really be thinking up on having that kind of bubble thing on gambling? It wont really be that seeing that demand if it was really that  going down.
I dont know on where these assumptions od really came from.

[pieppiep]

i do not think online gambling is temporary at all it is just new technology i am having a hard time figuring out why would the industry go broke? its a casino but online there is nothing that should be temporary about that maybe some platforms may have a shell life but not the entire industry a specific crypto casino may have the potential to not be successful but not online gambling as a whole

why would people turn their backs against online gambling when everything we can do now is through online? would people suddenly want to go to live casinos when  it is much easier and convenient for people to just gamble online?

Come to think even into those past years without having that crypto gambling takes place or had existed on which its quite obvious or evident that gambling industry is really that making up that
gradual increase in terms of revenue year by year. Just like on what you have said that i dont really see up the reason on why its really just that a bubble?
Why would really be thinking up on having that kind of bubble thing on gambling? It wont really be that seeing that demand if it was really that  going down.
I dont know on where these assumptions od really came from.

Indeed, it appears that the gambling category, including crypto-based types, is constantly expanding because of customer interest and flexibility. If we see the patterns which have emerged with digital currencies, it is quite understandable why more industries will be developed because everything related to transactions to gambling becomes easier with crypto. This industry can remain sustained as long as there is constant innovation and increasing users of its identity-related products.

[MUGNIA]

In my opinion, it's not a bubble but would be more accurate to call it the 4 stages of the product life cycle thing. Are we now at the end of the growth stage or maybe early growth, or else? What do you think?

not a bubble but a trend where online gambling makes the business area of ​​rich people as money laundering, instead of gambling, it turns out there is a purpose behind it
online gambling cannot be avoided at this time where this is a billion dollar business and is easily adopted by every gambler with cellphone capital, internet and money they don't need to come to the location to play gambling without leaving the house when it's time to go home they can still gather with family, but with this situation the level of addiction will increase for its users

[$crypto$]

In my opinion, it's not a bubble but would be more accurate to call it the 4 stages of the product life cycle thing. Are we now at the end of the growth stage or maybe early growth, or else? What do you think?

not a bubble but a trend where online gambling makes the business area of ​​rich people as money laundering, instead of gambling, it turns out there is a purpose behind it
online gambling cannot be avoided at this time where this is a billion dollar business and is easily adopted by every gambler with cellphone capital, internet and money they don't need to come to the location to play gambling without leaving the house when it's time to go home they can still gather with family, but with this situation the level of addiction will increase for its users

It is undeniable that gambling is a very tempting business, the turnover is very large and it is indeed profitable for people who have this business.

The ease of accessing gambling seems no longer surprising, especially now is an era of convenience that can easily access anything, including gambling. I also agree that the level of addiction will enter its users faster.

[target]

What can make it bust is if the government cooperates with the casinos and identify gamblers with their KYC data and prevent them these gamblers from downloading casino apps or accessing casino websites.

The rise of casinos is true. If you have been downloading movies from the internet then you would have noticed the encoded URLs where the casinos are promoting. The completion of casinos are everywhere even in crypto.