Industry Spotlight on Gambling: Exploring the Legalization

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Total global gambling market gross win from 2003 to 2015 [Courtesy of Statista.com] If you want to win big and constantly, you need to start a gambling business. No other way around. You cannot take a bigger cut of the gambling pie unless you are one of these companies. Even the most successful poker players and sports bettors cannot compete them in profitability. Yet, these businesses are not Gambling is no ordinary commodity. As a phenomenon it is fabricated and learned socially and culturally. In order to spend money on a game, humans must not only learn the logic of the game (“four cherries in a row are worth more than three hats”) but they must also be internalised in a (il)logical bundle of justifications in terms of the value of doing so (“it is fun”; “I will become September 12, 2018 9:27 am Published by Sara Kernerman, Assistant Analyst, Consulting Leave your thoughts. In 2019, the total gambling gross yield worldwide is forecasted to rise to $495 billion USD continuing the steady increase the industry has experienced since 2001 [1]. While it is difficult to estimate the value of sports betting since many countries lack consistent regulation, it is Toby Keith - You Shouldn't Kiss Me Like This (Official Music Video) As a result, it is now expected the best case for the global gambling market’ gross win will fall by a minimum of one per cent year-over-year to C$452bn in 2020, a drop of 4.8 per cent on the pre-CONVID19 forecast. It is expected movement restrictions caused by COVOID19 could contribute to interactive’s share of global gaming gross increase from 13.4 per cent to 14.7 per cent in 2020. H2 Editorial Gambling – no ordinary commodity Matilda Hellman University of Helsinki, Finland Gambling is no ordinary commodity. As a phe-nomenon it is fabricated and learned socially As a result, it is now expected the best case for the global gambling market’ gross win will fall by a minimum 1.0% YoY to c$452bn in 2020 (i.e. c2018 levels), this represents a fall of -4.8% on our pre-COVID19 forecast of c$475bn. Our latest forecasts do not include any downgrades to 2020 GDP forecasts in other nations at this time. This could easily wipe out a further 3% (making the YoY The statistic depicts the gross gaming yield from the global gambling market from 2001 to 2015 with projected or forecasted figures for 2016 to 2019. Gambling, Saving, and Lumpy Liquidity Needs SylvanHerskowitz∗ October14,2019 Linktomostrecentversion Abstract I present evidence that unmet liquidity needs for indivisible, “lumpy”, expendi- Gambling, Saving, and Lumpy Liquidity Needs SylvanHerskowitz∗ March22,2018 Linktomostrecentversion Abstract Ipresentevidencethatunmetliquidityneedsforindivisible

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