Abstract
Legal gambling industry in Korea is casino, horse racing, bicycle racing, boat racing, lottery, sports promotion vote, bull fighting. In this study, we classified these gambling industries into three categories: casino business, lottery business, and sports betting business. After that analyzed how economic factors affect the gambling industry of Korea.BR The results of the study are as follows. The sales of gambling industry is continuously increasing, and the average sales growth rate is much higher than the average GDP growth rate of Korea. In particular, the proportion of sports betting accounts for more than 70% of the sales of gambling industry. The correlation of gambling industries with economic variables has a strong positive correlation except working hours per week. These results indicate that they are affected by economic changes. As a result of the regression analysis, it is possible to show all the regression equations as change of the entertainment culture expenditure. Therefore, as the economy grows and develops, the expenditure of entertainment and culture spending by households and individuals will increase, leading to the development of gambling industry.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
