A contemporary Study of Betting, Poker Gaming, Casino and Online Slots
The gambling industry in the United States was worth an estimated $240 billion in 2018, according to the Business Insider. As the trend says, more and more casinos with prime emphasis on poker games are opened all around the world and more gamble games are becoming legally approved by the countries. With the gambling industry making space in the new space. It seems the fans of gambling should not be the only one rejoiced. The growing popularity of gambling industry is worth celebrating for any individual who wants to see the global economy rise.
Gambling made headlines in 2018 when the gambling industry in New Jersey hit $1 billion marks in December 2018. It was good news as just a few days ago, the Russian government had banned several online casinos. The gambling euphoria in New Jersey might have come in the wake of the decision of the US Federal Court which gave states permission to decide on the matter of gambling and poker rules for themselves.
While the idea of a popular gambling industry may worry some conservative people, they would be surprised to know just how popular it has already become all around the world. The American people bet around $5 billion just on poker and billions more on other online slot games. According to one estimation, a legal casino industry would create additional 2,00,000 to 2,50,000 jobs in just the United States. The growing popularity of betting industry can keep the money in the United States economy which would benefit the people are looking for jobs.
A 2017 Oxford University Research Report concluded that the growing popularity of gambling industry would contribute between $15 to $20 billion dollars to the US GDP annually. With advancement in the online betting systems, poker games and investments from multinational companies, the economic benefits could be even stronger than predicted.
In Europe-the world’s most popular and open gambling industry-the number of online poker fans has tripled over the past decade. The judiciary and lawmakers from all around the world would look to the United States and Europe as a base for the future of gambling and poker industry in other countries where gambling through smartphones is rising in prominence.
This is because smartphones make the betting experience more interesting and convenient. Scientific advances make online slots more profitable and enjoyable. The Chinese fans spent around $19 billion on Poker alone last year. Online gambling has already become one of the world’s most visited spot, thanks to the smartphone revolution.
A bet can be placed in a matter of seconds. Anyone with a bank account and a credit card can register with a gambling website, leaving them free to place bets on literally anything. Bets can range from a nickel to hundreds of dollars and the amount is automatically credited to your account.
Though gambling is not illegal now in most of the countries, it is a highly regulated and controlled activity. When you visit a betting website, don’t be lured in by the big bonuses. Always be cautious when gambling and make sure that you don’t cross your limits. Gambling is fun only if you remain cautious.