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How Much People Spend on Online Gambling Every Year

The earliest practices of gambling can be traced all the way back to the Roman Empire. Obviously, the pastime has grown in immense popularity since then. Various establishments like old-style saloons became hotspots for some very exciting card games. People would host gambling parties in their own homes. From there, the idea of gambling as a practice grew staggeringly and newer variations of games started sprouting up. It wasn’t until the 1600s wherein the world’s first casino was established, the Casino di Venezia in the Grand Canal in Venice. The luxurious establishment sparked a gambling craze all around Europe and it led to the growth of gambling on the entire continent.

For the longest time, casinos ruled the world of gambling. There are many different kinds of brick-and-mortar establishments that cater to every kind of gambler. There are smaller and more specialized casino houses that only offer a few games spread across a few tables. Then, there are the biggest and most luxurious casinos that one can find in places like Las Vegas and Macau. All of these casinos have helped in contributing to the rising popularity of gambling globally until it built itself up to become one of the most lucrative industries in the world.

Going DigitalDigital Rhetoric

For a while, traditional land-based casinos started dominating the global gambling industry. But when the world started making the shift toward the digital landscape, many casino operators followed suit. The first online casino was launched back in the mid-90s during an era when much of the commercial world still didn’t have access to high-speed internet. This was also a time when people weren’t as comfortable with the idea of spending their money on online channels and platforms. However, over time, as digital products and services became more popular, so too did the idea of an online casino.

Online casinos started dominating in various parts of the world whether it be in the Western or Eastern fronts. For example, French online casinos, or Francais casino en ligne in the local dialect, account for some of the highest betting volumes in the world on a daily basis. On the other side of the world, the Australian online casinos are also profiting heavily from the highly active Aussie gambling market.

Experts predict that online gambling will continue to become more popular as high-speed internet becomes more accessible to various parts of the globe. That’s because there is a pattern emerging among the consumer population that indicates that digital goods and services are the future of commerce.

Now, that isn’t to say that traditional land-based casinos are going to be irrelevant. Many of these traditional casinos certainly experienced their setbacks over the course of the global pandemic that rocked most of 2020 and 2021. But a lot of these establishments are slowly picking themselves up and opening their doors to the public again. In fact, Vegas has shown to be achieving the same kinds of numbers in terms of gambling patronage as it did before the start of the pandemic.

How Much Do People Spend on Gambling?

moneyThe numbers can vary from place to place as certain cultures will be more inclined to gamble than others. However, on average, studies have shown that gamblers who go on specific gambling trips will spend approximately $580. Australians, in particular, are known to spend around $1,200 on gambling yearly.

That’s why it shouldn’t really come as a surprise that gambling revenues are expected to grow as high as $100 billion by 2026. Ultimately, gambling is a very popular recreational activity that appeals to so many people. Like other forms of recreation, people are certainly willing to pay the price in order to experience
this luxury.

 

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