Online betting is quite popular among Asian countries these days, Thailand being one of them. It has been observed over the years that people in Thailand have shown immense interest in online betting.
A survey done recently conducted for over 3000 people has revealed that 81% of the respondents are ready for a casino-based entertainment complex in the country. Online gambling is quite a thing in Asia and is one of the upcoming industries with huge potential in Thailand.
The Population
Majority of the Thai population is youth. A census conducted a few years back has estimated the count to be over 60 million. Younger population being the main target audience for gambling, this contributes to the development of casinos in the country. Compared to India and China, the count of land-based casinos is relatively less in Thailand. As a result, online casinos like fun88 are likely to flourish more here.
Industry Size
The size of the gambling industry in Thailand can be measured through the net worth. The worth has been calculated in the range of $9 billion and $12 billion. The total value addition through gambling has been calculated at around 200 billion Thai baht in a year. A major portion of this comes from reputed sites like fun888.
Technological Advancement
With the increasing adoption of technology among the mass, they are using the online platform for most of their day-to-day work. Naturally, the tech-friendliness has made them comfortable with using online casinos. The increased dependency on internet is a big advantage since it allows the users to quickly adopt to the changing trends in the online casino sector.
Types of betting
There are different types of betting into which gamblers in Thailand indulge themselves. Some of them include traditional forms of betting like animal fighting such as cock fighting and bull fighting. Besides, there are sports betting in various forms. While many forms of traditional betting have been declared illegal now, online gambling through sites like fun88asia is quite popular now and safe for the users. In the online world, some typical forms of gambling are available.
COVID19 Pandemic
External factors like the COVID19 pandemic have largely influenced the online gambling industry. People mostly working from their home have found ample free time to involve themselves into sports like gambling. Moreover, a major section of the youth has lost their jobs or experienced financial losses. This compelled them to resort to gambling as a fallback option for earning money. Again, one segment of the customers who were fond of travelling and attended casinos there in the pre-pandemic era started missing the experience. They started showing interest in online casinos and registered themselves as members. This further increased the popularity of the sites like fun888asia and enhanced the craze.
Culture and Belief
The culture and belief of a country or its population also influences the inclination towards gambling. In Thailand, gambling has been a part of the tradition since years. Only the type and form has changed in the recent years.