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Latest gambling stats From Morgan Stanley
Thursday, April 9, 2015 : ANALYST PUBLISHES GLOBAL REPORT ON GAMBLING
International gambling business is worth $423 billion, says Morgan Stanley.
The publication Forbes magazine reported on the latest gambling stats from respected analyst group Morgan Stanley this week, which estimated current revenues of the global land and online gambling market at $423 billion.
Lotteries accounted for 29 percent of overall revenues at $121 billion, with what the report terms “other gambling” such as sports betting and pari-mutuel racing as the next biggest contributor at $118 billion or 28 percent, and online gambling at $37 billion or 9 percent.
Of the $146 billion from land-based casinos, US commercial and tribal operations took in $67 billion (46 percent), Asia and Australia casinos $61 billion or 42 percent. The rest of the world’s brick-and-mortars had $18 billion or 12 percent.
Last month Morgan Stanley revised its estimates for the size of the U.S. online gambling industry by 2020, reducing its predicted value from $5 billion to $2.7 billion
See the Forbes report on Morgan Stanley's conclusions here:
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Gambling News :
FanDuel adds English Premier League action -
Daily fantasy sports operator FanDuel, which is now additionally active in the UK market, has announced the inclusion on its roster of English Premier League action, with associated contests scheduled for roll-out next week.
Coral Q4-2016 earnings reports -
Ahead of its forthcoming merge with Ladbrokes, the online and land gambling group Coral published its Q4-2016 financial numbers Thursday, detailing the twelve week period ended September 25 2016.
Unibet in cooperation with -
Online gambling operator Unibet Group has signed a cooperation agreement with the FIFA subsidiary Early Warning System GmbH (EWS).
Kiron Interactive in deal with Digitain -
The online gambling expo and conference EiG 2016 has enabled two online gambling companies to come together in a commercial deal; specialist virtual games supplier Kiron Interactive has inked an agreement to distribute its virtual games via Armenia’s Digitain.
GLOBAL SPORTS BETTING WORTH $253.3 BILLION BY 2020 -
Ujjwal Doshi, lead analyst at the research firm, says, “Low-cost cross-border service delivery is opening up sports betting markets, which were previously protected by state-regulated monopolies or dominant local operators.”
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