Online gambling is booming in Bangladesh, despite the fact that it is illegal in the country. The growth of the online gambling industry can be attributed to a number of factors, including the increasing availability of high-speed internet, the growing popularity of smartphones, and the anonymity that online gambling offers.
According to a recent report by the Bangladesh Telecommunication Regulatory Commission (BTRC), the number of internet users in Bangladesh has increased from 50 million in 2017 to 100 million in 2023. This growth has been driven by the increasing affordability of smartphones and the expansion of mobile internet networks.
The popularity of online gambling has also been boosted by the anonymity that it offers. Unlike traditional gambling, which is often conducted in public places, online gambling can be done from the comfort of one’s own home. This makes it an attractive option for people who want to gamble without being seen or judged.
The online gambling industry in Bangladesh is largely unregulated. There are a number of offshore gambling websites that accept players from Bangladesh, but these websites are not subject to the same regulations as gambling websites in other countries. This means that there is a risk of fraud and other illegal activities associated with these websites.
Despite the risks, the online gambling industry is still growing in Bangladesh. The government has taken some steps to crack down on the industry, but these efforts have been largely unsuccessful. It is likely that the online gambling industry will continue to grow in Bangladesh in the years to come.
Some of the reasons why online gambling is booming in Bangladesh
The increasing availability of high-speed internet
High-speed internet has made it possible for people in Bangladesh to access online gambling websites from anywhere in the country. This has made online gambling more convenient and accessible.
The growing popularity of smartphones
Smartphones have made it possible for people to gamble on the go. This has made online gambling more appealing to people who are always on the move.
The anonymity that online gambling offers
Online gambling offers a high degree of anonymity, which is appealing to many people. This is because they can gamble without having to worry about being seen or judged by others.
The lack of regulation
The online gambling industry in Bangladesh is largely unregulated. This means that there are fewer restrictions on who can gamble and how much they can gamble. This has made online gambling more attractive to people who are looking for a way to gamble without having to worry about the rules.
Some of the risks associated with online gambling
- Fraud: There is a risk of fraud associated with online gambling websites. These websites may not be legitimate, and they may not pay out winnings.
- Addiction: Online gambling can be addictive. People who gamble online may find it difficult to control their spending, and they may end up losing more money than they can afford.
- Problem gambling: Online gambling can lead to problem gambling. Problem gamblers are unable to control their gambling urges, and they may experience financial, emotional, and social problems as a result of their gambling.
If you are considering gambling online, it is important to be aware of the risks involved. You should only gamble with money that you can afford to lose, and you should gamble responsibly.
Here are some tips for gambling responsibly:
- Set a budget and stick to it.
- Only gamble with money that you can afford to lose.
- Take breaks from gambling if you start to lose.
- Don’t chase your losses.
- Seek help if you think you have a gambling problem.
If you are concerned about the impact of online gambling on your mental health or finances, you can seek help from a gambling addiction counselor or therapist. There are also a number of resources available online and in your community that can help you gamble responsibly.
Related posts:
Bangladesh tapping rice seed of SL Agritech for its export of fancy rice 
Philippines-developed hybrid rice contributes to Bangladesh’s non-importation of rice in 2013 
Philippines may enter into bilateral rice agreement with Bangladesh, sustains hybrid rice seed aid to Bangladesh 
Why the SEO and linkbuilding is important to online casino industry 
PAGCOR Chairman Tengco wants to privatise casinos 
List of Philippine Festivals for the month of May