Sports betting is not illegal in my country. According to some key gambling and betting statistics
1,2:
- There are over 60 million active gamblers.
- $2 billion is spent on gambling everyday
- 53% of people in my country bet at least once per day. Our population is around 200 million people.
- There are 14 million bet stakes and payments that are made over the internet every day
- and others
We are actually a gambling nation and the market is highly profitable. I wonder why despite these statistics, yet some sport betting and casino sites haven't taken advantage of it. As I conducted my research, I noticed that some casinos don't offer or no longer offers their services to people in my country. There are other countries with similar situation too. And it begs the question: why the reluctance? Such hesitation seems out of place in a country where gambling is legal.
Unlike the people who place the bets on their sites, the owners of these massive gambling companies will know the limits of their competence and the risks involved. Take America for instance, they are starting to open up the sports betting market more and more, however in the past many European based operators would avoid American players like the plague because it was illegal. American enforcement agencies have taken, often overzealous, actions against overseas companies who gave the slightest hint they were targeting US players in the past. Not only that, it is a very litigious market and as sports betting is still relatively new, who knows it it might be repealed and the huge promotional money would end up wasted. Some markets are simply not worth the hassle, at least not at first - let other people make the mistakes or set the ground work so you can learn from them.