Morgan Stanley, one of the largest American bank holding companies referred to financial conglomerates class, has recently published the information that according to its research online gaming market will not be able to generate a profit of $5 billion expected by the United States government by the end of 2017. Given the current state of affairs in this area and stagnated profit growth, the online casinos operators will be able to replenish the treasury with the total of $3.5 billion in taxes approximately.
Financial experts have gone further and announced that instead of the expected $ 9.3 billion by the end of 2020, the country will receive only $8 billion from the online casino industry. Being an economist is not obligatory to understand that over the years, the profit of online casinos will grow but very slowly. Both investors and officials are very concerned about these predictions, because the expected amounts are supposed to be actively used.
‘When we gave the public the first financial forecasts for the USA online casino market, the fact should be underlined that we based on the averages figures. Now when enough time has passed since legalization, we can more accurately predict the profitability of the industry,’ the official research note states.
The research group increasingly refers to the lack of profit from online casinos in the state of New Jersey. Instead of the projected $541 million annual revenue, online enterprises have managed to generated almost twice as less – about $ 209 million. Analysts cite a number of problems faced by the state in the way of legalizing online casinos, which is believed to be primary cause for unexpectedly low index. In general, experts believe that the obstacle to increasing the volume of profit has become a problem with the definition of geolocation of players, problems with acceptance and issuance of payments, as well as active online casinos promotion ban initiated by opponents.
Fitch Ratings in its projections doesn’t expect NJ to bring more than $200 million annually. And the company’s forecast is far from being improbable, the company’s experts are confident that a cunning plan between Delaware and Nevada will work perfectly. The agreement achieved on February 25, 2014 by the American states of Delaware and Nevada implies merging their poker websites. Now, any citizen of one state can take advantage of both poker operators.
In order to increase the accuracy of their calculations, the experts took into account the intentions of other American states to legalise online casinos. In their view, the appearance of any competitor, even the young and inexperienced, can significantly affect the number of regular casino players.
Morgan Stanley also added that, most likely before the end of this year, such states as California and Illinois will be able to legalize online gambling within their territories. They are also confident that this year the process of legalising online casinos will certainly not affect Colorado, Louisiana, Massachusetts, Mississippi and Ohio.
It should be noted that since the beginning of this year, the players on the websites of online casinos based in New Jersey won $19.7 million. Now almost 250,000 players are registered on the websites of state-based enterprises.
The cult of money and material pleasures, actively promoted by the modern world, brought gave birth to another vice, often accompanying alcoholism called ludomania, the essence of which is an addiction to gambling (online casino addiction also falls under this term). The main prerequisite for the formation of predisposition to gambling is wrong upbringing in the family that not doesn’t imply interfering with the early involvement of the child in gambling (dominoes, cards).
The lack of attention to the new passion entails a reassessment of the value of property and money, strengthened by the envy for richer people and the belief that all the problems can be solved with money. As an additional risk factor that determines the development of addiction at a mature age is depression and conjugate with it of chemical forms of addiction.
The researchers identifiy a number of features that characterize the behavior of the support of gambling addiction:
- A constant engagement, the time spent on game is growing permanently.
- A dynamically changing range of interests, ousting former motivations with the gaming one; the mind is focused on the game, the prevalence of situations involving game patterns in the imagination.
- Loss of control, expressed in the inability to stop gambling after big victories and considerable losses.
- A state of psychological discomfort, irritation, anxiety, resulting in a relatively short period of time after the next part in the game, coupled with a formidable desire to play again. Such state is nothing more than a break-up; as a rule, they areheadache, sleep disturbance, anxiety, depressed mood, impaired concentration.
- Characterised by a gradual increase in the frequency of gaming sessions, the desire for a higher degree of risk emerges; a gambler simply cannot stop raising the bar.
- A declining ability to resist temptation. This is reflected in the fact that, having decided once to give up the idea of playing, the gambler may break a promise and plunge into the world of gambling once again.
Game trans is a mental state, which is comparable to the pharmacological effect of powerful psychoactive substances. The desire to gamble is so strong that the person gradually loses interest in real life. The higher the stakes, the more the trance state knocks out its victim. The higher the hope to win a lot and lose a lot of the risk, the greater the dose of violent emotional experiences. It is a pathological condition resulting gambler to wreck havoc and not banal greed. The fee for such a “game buzz” is huge.
Even though pathological gamblers can stop playing for a while, as they don’t have enough money or there is no chance to get the portion of adrenaline in the area, the pause is broken just when a necessary amount to play for is found. It looks like something blocks their minds and activates the state of trance that makes gamblers think only about the game. Influenced by the strong and irresistible attraction, the gamers are subtly clever and tend to invent a variety of ways to find money for the next game.
More info on online casino addiction is published at nbso.ca online casino website, gambling premium review platform.