Online Gambling Proves To Be An Essential Industry For The Economy

slot machine

Gambling plays a much more important role for the many economies than many of us would suspect. Casino games are an important pillar for many states, the national economy and even local economies. Although gambling seems to be a simple hobby, on closer inspection, the revenues brought by casinos to the state far exceed expectations.

The legal framework of gambling

The gambling industry received a legislative framework for many countries in the world. The authorities that regulate gambling is supported by the government in which it is established. These regulations meant to ensure control over casinos, both physical and online (online casinos like, and issue licenses to gambling operators. By receiving a legislative framework and a controlling authority, casinos become payers of taxes to the state budget.

Therefore, they contribute to the national economy and, implicitly, to the living standards of the citizens. In other words, the revenues brought by casinos (land-based and online) to the state budget are found in parks, hospitals and other domestic investments, intended for public use.

Tens of thousands of jobs and minimal risk of tax evasion

Currently, land and online casinos not only mean jobs for many people but also taxes on salaries intended for the state budget. In other words, the gambling industry generates huge amounts for domestic investments and provides numerous jobs for the people.

As for “black” online casinos, their number decreases every year, currently there is a list of over 1,000 gambling websites blocked due to lack of a license and refusal to pay the fees imposed by government legislation. Thus, it can be argued that the gambling industry is one of the most transparent in terms of paying taxes and fees according to law.

Major investments for the gambling industry

The gambling sector is bringing new companies and operators to the market, which means new investments and jobs. The largest investments are registered in the field of online casinos, the investors being renowned casinos from countries such as Germany, Great Britain and Greece.

Due to the easy and fast access to online casinos, their availability on different mobile devices and simple payment methods, more and more people are interested in betting in an online casino . This form of entertainment brings huge revenues to the state and creates jobs for online gambling developers, support and assistance teams, as well as marketing teams, online promotion, etc.

Taking into account all the benefits brought by the gambling industry, there is no denying the vital importance that this sector has for the well-being of a nation. Being included in the category of tourism / entertainment / sports, the field of online gambling is both a hobby for enthusiasts and a major source of funds for many states.