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Online Gamling Wagers to Reach $1 Trillion by 2021
Thursday September 15,2016 : WAGERS TO REACH ALMOST ONE TRILLION DOLLARS BY 2021
According to latest Juniper Research report.
The latest data from Juniper Research indicates that global online gambling wagers will approach $1 Trillion by 2021, equaling total global spend on digital goods and services forecasts.
Juniper’s latest research, “Mobile & Online Gambling: Casinos, Lotteries, Betting & VR 2016-2021” unsurprisingly found that the trend towards migrating to the online environment and importantly mobile will continue its upward trajectory, “with the majority of net growth attributable to users of mobile channels”.
Virtual reality (VR) and other new technologies are expected to account for almost 50 percent of wagers in value by 2021, the Juniper report says while user engagement and customer loyalty are key in an increasingly consolidated sector.
Other key findings in the report can be accessed here: http://www.juniperresearch.com/press/press-releases/global-online-gambling-wagers-to-approach-%241-trill?utm_source=juniperpr&utm_medium=email&utm_campaign=gambling_16_pr1_juniperpr
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Gambling News :
Interwetten 2016 Earnings Results -
Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform
EU Online Gambling Tax Harmoney Dead -
Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.
Jack Lam Facing Big Fines in the Philippines -
It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.
PlaySugarHouse To Carry Konami Content -
Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.
ITF TERMINATES BETWAY SPONSORSHIP DEAL -
The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.
GSA To Launch European division -
The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.
Paddy Power Trading Update -
Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.
Tabcorp SunBets project -
The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.
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