Since 2014, the global gambling market has been growing at a 4.1% compound annual growth rate and it is being forecast that by 2022, it will reach around $565.4 billion. With online gambling trending in the new world now, online casino existence is increasingly drastically in these few years, especially in Asia countries such as Situs Online Judi Terbaik Indonesia. These online casinos offer even more betting choices such as Poker, Live Casino, Sportsbook, Lottery, Slots and etc. all in one casino site. Although gambling in Thailand is also illegal, players will still source for online gambling sites that is legal in other countries: เว็บพนันออนไลน์ ถูกกฎหมาย. These online casinos have its popularity increasing as it countered problems that usually players would face such as travel cost and privacy.
Gambling might be sensitive in a way where it’s so private that you wouldn’t want anyone to know if you have the habits of gambling. Gambling in society is often seen as a negative behavior and had caused troubles to lots of people. However, do you know, almost 51% of the World’s population gamble?
Let’s have a look on the 3 fun facts about gambling:
1. Blackjack Saved FedEx Business
In the early 1970s, FedEx is still known as Federal Express, was having a hard time surviving the business as they failed to get a loan of $24,000 that is needed to cover a bill of jet fuel. To save the company, FedEx founder decided to give it a last shot. Bringing the last $5,000 the company has, he went to Las Vegas and play blackjack. As luck would have it, he managed to win back a total of $27,000 which is more than enough to cover the bill owed. Till today, FedEx is now the global leader in the industry, earning annual revenue of $69.217 billion in the year 2020.
2. Only a little percentage of gambling/bets made is made legally
Although many countries such as the United Kingdom, the United States of America, Australia, etc. Is legal in gambling, however, not all casino is operating in a legal way under government supervision. Illegal gambling makes up most of the revenue in the market. This is because gambling as a cash cow for many countries are being charged at a ridiculously high tax rate that could go as high as 75%-90% in countries such as Germany, Austria, France, Denmark and etc. Countries in Asia such as Thailand, Indonesia, China, Malaysia are all prohibited in gambling by the government. These factors have restricted the growth in the legal gambling market, but at the same time, spike the growth in unlicensed online casino and black-market betting.
3. Capital of Casino Gambling is not Las Vegas
Las Vegas, a city famous for its casinos, entertainment, the nightlight, and all kind of luxurious lifestyle. Vegas might be the most popular casino that people commonly know, however it is not a profitable gambling city.
The world's most profitable gambling capital is actually Macau. Having its gambling revenue at 3 times higher than Las Vegas, Gross Gaming Revenue (GGR) of $28.04 billion. Macau is almost a home to the gamblers either locally or internationally. However, Macao’s main visitors are from China, which has the largest population in the World.
Online gambling and mobile gaming are slowly overriding physical casino to be the trend. At this pandemic moment, it seems to provide a good opportunity for these online activities to grow. Other gambling such as the sportsbook industry must also switch to a new business model in order to survive and avoid a financial meltdown. The potential to reach a wider audience, not limited by a geographical barrier would help online businesses to grow to its fullest.