Report Buyer has just linked a fresh report that makes forecasts about the future of the gambling industry with the different segments soaring cumulatively to reach revenues over $523 billion worldwide by 2023 and grow at 4% of CAGR between 2017 and 2023.

A Global Outlook for Gambling Activities

Wealth has been instrumental in bolstering gambling proclivities. This is one of the main points cited in a freshly published Report Buyer item that makes forecasts about the future of the gambling industry worldwide. There has been a notable increase in the demand for online games as well as a significant uptick in the number of mobile applications across key markets, such as the United States, the United Kingdom, Italy, China and SAR region.

As a result, new players are expected to start joining the industry over the next few years. Online gaming is most notably boosting player bases in North America where legislation is letting up of its established stringent laws, and Europe.

Gambling Industry News

As per the study, the authors took into consideration the period between 2018-2023, making sure to conduct a proper market overview. The report has identified growth enablers, restraints, and trends. It’s true that there has been a lot of new investment and regulation, but they all seem to favor the expansion of the industry.

Jul 18, 2017  The UK gaming industry is growing exponentially. Last year was a record year for both the monetary value of the UK gaming market (£4.33bn) and its impact on other sectors, such as films.

Shifting from a Traditional Market to Something More

One of the most notable tendencies over the period will be the rise of the live casino with these online facilities starting to constitute the bulk of all operations, although not entirely. There will be a surge of interest in video games, known as esports, which will create enough leeway for new gambling opportunities to be explored.

Another noteworthy point is that blockchain and cryptocurrencies will be increasingly adopted in all forms of gambling, even if they have presently been coming under a lot of fire. The report believes that the “increasing number of Bitcoin and cryptocurrency transactions will augment the development of the global gambling market”.

Being meticulous in their analysis, authors have decided to break down their survey down market by market, examining separate products, platforms and geography. The analysis will focus on seeing how roulette, slots and table games in general will do. Similarly, the report will also focus on the prospects of sports betting over the period as well as horse & greyhound racing.
Esports will be nonetheless one of the key drivers of this anticipated growth in the size of the gambling market. As part of the report, a segmentation of the market is done by region, including:

• APAC
• Europe
• North America
• Latin America
• MEA

In each of the aforementioned regions, there is always an individual bookmaker or gambling operator that dominates. However, as we draw closer to 2023, these operators are increasingly going to dominate a global market, overlooking boundaries and adapting to local legislation.

Is $523 Billion Realistic?

With the legalization of the industry worldwide, we will see these numbers quite likely outpaced. Another estimate puts growth at 8.23% of CAGR by 2025. All these figures are prone to sudden changes and fluctuations depending on what happens on a regulatory and geopolitical level, to wit the growing tensions between the United States and China as a good example.

There are millions of people all over the world who regularly
enjoy gambling in its various forms. There are even more people
who enjoy gambling on a less frequent basis, perhaps just
visiting casinos every now and then or placing the occasional
wager on a big sporting event or a major horse race.

On the other hand, there are also a number of people who
think gambling is a complete waste of time and money. That’s
fine, as everyone is entitled to their own opinion and gambling
isn’t necessarily for everyone. If someone doesn’t want to
gamble, then they shouldn’t be encouraged otherwise.

In addition to the people that enjoy gambling and the people
that have no interest in it whatsoever, there are almost
certainly people that are intrigued by the idea but not really
sure whether it’s something they should try. If that sounds like
you, this is an article you should find useful.

We can’t actually provide a definitive answer to the question
of whether or not gambling is really worth it. We probably
wouldn’t want to either, because we firmly believe that it
depends on the individual asking. There are definitely many who
would say that gambling is worth it but also many who would say
that it isn’t.

In this article, we give you the information that will help
you decide for yourself. We list some of the main pros and cons
of gambling, and then look at some of the other factors you need
to consider.

The Pros of Gambling

• Possible to Win Money
• Entertaining & Fun
• Easy to Get Started
• Various Types

Before we get into the details here, we should mention that
people enjoy gambling for a whole host of different reasons.
It’s up for debate which of these reasons should be considered
the most important pros, but the four that we’ve chosen to
discuss here are, in our opinion, the most prominent. You should
bear in mind, though, that there are other pros too.

The possibility of winning money is clearly a very appealing
aspect of gambling, and it would be difficult to argue against
this being one of the major reasons why people choose to gamble.
After all, it’s pretty much the whole point.

It’s not just the fact that it’s possible to win money that
makes gambling so appealing either, it’s the fact that it’s
possible for anyone to win money. There are some forms of
gambling where learning certain strategies and skills can
improve your chances of winning, and maybe even turn you into a
consistent winner if you’re good enough, but even a complete
beginner has the chance to win. You don’t have to be a math
genius, a sports expert, or a card shark either, you just need
luck.

Gambling isn’t just about the money though. Many people
gamble primarily because they simply enjoy it. It’s a great form
of entertainment, and it can be a lot of fun. On the basis of
pure excitement, there are few pastimes that compare in our
opinion. It’s fair to say that it wouldn’t be as exciting if it
wasn’t for the fact that there’s real money at stake, but that
doesn’t mean that everyone views the money as the most important
factor.

Another good reason for giving gambling a try is the ease
with which you can get started. You really don’t need to know
much to play in a casino, place a sports bet, or take part in a
poker game. There are a few basic concepts you’ll have to
understand, but nothing is overly complicated. If you want to be
a more serious player, you’ll probably want to learn more about
what’s involved, but as a beginner you can easily enjoy gambling
with just a little bit of knowledge.

The final pro we’re going to mention is the various types of
gambling. Sports betting and casino games are probably what come
to mind for most people when they think about gambling, but
there are lots of other types too. There’s also poker, bingo,
scratch cards, financial betting, and the lottery to name a few
popular ones. With all of these to try, there’s a good chance
that you’ll find some form of gambling that you enjoy.

The Cons of Gambling

• Possible to Lose Money
• Hard/Impossible to Win Consistently
• People May Not Approve
• Can Be Addictive

Gambling isn’t all about the positives, because there are
definitely downsides to be made aware of too. It’s important to
consider these, as they may persuade you to not to get involved
with gambling in general.

What Is The Gambling Industry Worth Fl

The most obvious con of gambling is the fact that it’s
possible to lose money. With some forms of gambling, you are in
fact almost guaranteed to lose in the long run. Casino games are
the best example of this, as they have a built in house edge
which gives the casino an advantage over the players. You may
get lucky and win in the casino occasionally, or even
frequently, but the odds are against you, and you are very
likely to end up a loser over time.

Although the odds aren’t quite as badly stacked against you
in some other forms of gambling, you still need to be prepared
to lose. The reality is that most gamblers do. If you’re betting
or playing with money you don’t mind losing then this doesn’t
have to be an issue, but it’s still important to recognize that
gambling comes at a cost for most people.

Of course, it’s also possible to win money as we mentioned
earlier. Another negative of gambling is that it’s very hard to
do so consistently. Anyone can get lucky every now and then, but
regularly making money from gambling is entirely different. You
may need to put in a huge amount of time and effort, and you’ll
also need a great deal of discipline. With some forms of
gambling, winning consistently is practically impossible.

Something else to consider is that a lot of people don’t
approve of gambling. While how you spend money isn’t necessarily
anyone’s business but yours, you may not appreciate the
disapproval. This is especially likely to be the case if it
comes from someone close to you. It’s a shame that some people
associate gambling with such a bad stigma, but it’s just the way
it is unfortunately.

The fourth and final negative we’re going to mention is
perhaps the biggest reason why so many people disapprove of
gambling; it can be very addicting. It might only be a
relatively small percentage of gamblers that end up getting
addicted, but it does happen. Like any addiction, it can cause
major problems and potentially even ruin lives.

Jobs In The Gambling Industry

Making a Decision

• Is Gambling Really Worth It?
• Is it Right For You?

Now that you know the main pros and cons of gambling, you can
make your own decision as to whether or not it’s really worth
it. This basically comes down to whether or not it’s right for
YOU. We can’t, and won’t, advise you either way, but we can help
you make the decision.

What you need to do first is carefully consider the pros and
cons that we’ve discussed above. If the pros easily outweigh the
cons in your mind, or vice versa, then your decision should be
relatively easy to make.

If you’re still not sure, you might want to ask yourself the
following questions.

Gambling Industry Worth

• Are you happy risking losses for the chance of winning?
• Do you really think gambling is something that you would
  enjoy?
• Do you have the spare money to spend on gambling?
• Would your friends and family approve of you gambling?
• Do you have the discipline to gamble responsibly?

If you answered yes to all of these questions, then it’s very
possible that gambling is something you should try. If you
answered no to any of them, then you may have to consider that
it’s not really worth it for you.

As experienced gamblers ourselves, we very much believe that
gambling can be an extremely enjoyable pastime if done
responsibly. However, we are also completely aware that it isn’t
for everyone.

Our website is filled with information and advice that will
help you get the best possible experience if you do decide to
gamble, but if you have any doubts at all we would suggest that
you take the safe option and look for some other way to spend
your time.