Post
Topic
Board Gambling discussion
Re: How are Online casino's and sports betting platforms coping?
by
Fortify
on 27/11/2022, 16:08:52 UTC
Online casinos and sports betting platforms are big businesses like we all know, and currently considering the economic situation of things around the world many businesses are affected and have been taking measures to cut costs in terms of reducing staff, taking loans etc to still be able to sustain operations. How do you think online casinos and sports betting platforms are adjusting to manage the situation?

You'll likely find that gambling companies will perform well in periods of instability and depression compared to other sectors. In some sense the demand for entertainment in the form of betting is rather inelastic, like smokers who will continue to buy cigarettes even with large increases in the price of a packet, it's almost irrelevant to people who make heavy use of it. The only people who might not be playing any more, are those that have decided to cash out from crypto entirely because they've seen a large drop and got scared it will go lower. However most gambling companies these days have such a wide range of payment solutions accepted, it is unlikely to have a lasting impact at all.