Quote from: madnessteat on Today at 05:30:28 PM

Quote from: qwertyup23 on Today at 03:45:03 PM

Quote from: Rruchi man on November 04, 2022, 07:53:00 PM

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?

I do think that they are in the best situation right now as they can take advantage of their platform- which is being exclusively online. They have the upper hand when it comes to this kind of situation since they can take advantage easily of their users in gambling on their own convenience.

Remember that COVID taught us that an online set-up is more productive and manageable. With their current existence primarily online, the convenience of gambling online has skyrocketed ever since. That is why, I doubt they are coping and struggling with the current situation.

I agree about the fact that the pandemic has increased traffic to online casinos compared to land-based casinos, but still I think it's not the best time even for online casinos due to the fact that inflation in many countries is very high. The governments of these countries are tightening monetary policy and as a result people are spending a lot less money. And according to statistics at a time like this people save the most money on services and entertainment (which includes gambling).

We didn't get any reports that crypto casinos are laying off employees however which means they are holding up. The covid that made us stay inside our houses shifted our attention to online stuff and gamblers online I guess increased more with the help of smartphone adoption.

And it will keep growing according to the report.

Quote from: https://www.businesswire.com/news/home/20220805005351/en/Online-Gambling-Global-Market-Report-2022-Increasing-Adoption-of-Smartphones-With-Improved-Internet-Accessibility-Driving-Growth---ResearchAndMarkets.com

The global online gambling market is expected grow from $73.42 billion in 2021 to $81.08 billion in 2022 at a compound annual growth rate (CAGR) of 10.4%. The market is expected to reach $115.13 billion in 2026 at a CAGR of 9.2%.