Exploring the Growth, Regulations, and Social Impact of the Online Gambling Industry

EasyChair Preprint 13800

Abstract

The online gambling industry has experienced exponential growth over the past decade, driven by the widespread adoption of internet and mobile technologies. This paper provides a comprehensive exploration of the key trends, regulatory frameworks, and societal implications surrounding the online gambling landscape.

The analysis begins by examining the factors contributing to the rapid expansion of the online gambling market, including the convenience and accessibility of remote betting platforms, the diversification of game offerings, and the integration of emerging technologies such as virtual reality and cryptocurrency. The paper then delves into the complex and evolving regulatory environment, highlighting the varied approaches taken by different jurisdictions in balancing consumer protection, tax revenue generation, and industry development.

The study also investigates the societal impact of online gambling, addressing concerns around problem gambling, underage participation, and the potential for increased financial instability. The paper examines the efforts by policymakers, industry stakeholders, and public health organizations to mitigate these risks through responsible gambling initiatives, age verification measures, and addiction support services.

By synthesizing insights from industry data, academic research, and policy documents, this paper offers a holistic understanding of the online gambling industry's trajectory, the pressing regulatory challenges, and the broader implications for individuals and society. The findings aim to inform decision-makers, industry practitioners, and the general public about the evolving landscape of online gambling and the need for balanced, evidence-based approaches to its regulation and management.

Keyphrases: casino, gambling, online

@booklet{EasyChair:13800,
  author    = {Edward Howarth and Mark Dash and Favour Olaoye},
  title     = {Exploring the Growth, Regulations, and Social Impact of the Online Gambling Industry},
  howpublished = {EasyChair Preprint 13800},
  year      = {EasyChair, 2024}}