In the popular online game Counter-Strike:Global Offensive you can obtain rare items known as “skins” that are painted versions of regular items. There are over 450 different skins and they can cost as little as $0.03 to as much as $23,000 dollars! As the game grew lots of people would watch professional teams play each other and bet skins on the teams like real life sports betting. At the same time gambling websites that used the skins as casino tokens were opening up and lots of people played on them. The websites had all of the games that are in regular casinos such as blackjack, poker, roulette and more. It was estimated that over 7.4 billion dollars a year are wagered in these forms of gambling generating millions of dollars in revenue
…show more content…
There are over 25,113,319 people who play Counter-Strike and a large majority of them are kids and teens. It is estimated that most of the people who use csgo gambling websites are under the legal gambling age. "I started playing CS: GO when I was 14 and started to bet and gamble a year. After losing money, I decided to quit...But there are also a few friends of mine that haven't learned the same lesson.” Xavi told Polygon, a video game news website. Lots of kids have lost 1,000 of dollars on skin betting and are getting addicted to gambling at such a young …show more content…
If you gamble lots of money and lose it all it can teach you a lesson about not to gamble.” I'm honestly glad I stopped when I did.” According to many of the csgo skin trading websites like csgobackpack.net and similar websites that show the prices of skins and make up the csgo economy the Counter-strike ecnomy is worh over 1 billion dollars and is rapetly growing. When skin gambling was first added economy value rose and many people made lots of money from gambling. For example one guy won $13,000 in a game of jackpot. There are hundreds of people that make a living of this form of gambling and would be left with no form of income. Also Valve the maker of the game, has a 5% tax of items when they are sold in the community market and there are thousands of items being sold each
There are over 25,113,319 people who play Counter-Strike and a large majority of them are kids and teens. It is estimated that most of the people who use csgo gambling websites are under the legal gambling age. "I started playing CS: GO when I was 14 and started to bet and gamble a year. After losing money, I decided to quit...But there are also a few friends of mine that haven't learned the same lesson.” Xavi told Polygon, a video game news website. Lots of kids have lost 1,000 of dollars on skin betting and are getting addicted to gambling at such a young …show more content…
If you gamble lots of money and lose it all it can teach you a lesson about not to gamble.” I'm honestly glad I stopped when I did.” According to many of the csgo skin trading websites like csgobackpack.net and similar websites that show the prices of skins and make up the csgo economy the Counter-strike ecnomy is worh over 1 billion dollars and is rapetly growing. When skin gambling was first added economy value rose and many people made lots of money from gambling. For example one guy won $13,000 in a game of jackpot. There are hundreds of people that make a living of this form of gambling and would be left with no form of income. Also Valve the maker of the game, has a 5% tax of items when they are sold in the community market and there are thousands of items being sold each