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Global SportsBetting Market WOrth 3 Billion
Friday April 17,2015 : BETTING EXPERT ESTIMATES GLOBAL SPORTS BETTING MARKET AT $3 TRILLION
And that may be a conservative assessment, says former Jockey Club trading executive.
The global sports betting market is conservatively estimated to be worth up to $3 trillion, and 90 percent of it is illegally conducted, a United Nations conference session on match-fixing heard this week.
Making that assessment was one-time director of trading at the Hong Kong Jockey Club and now independent betting expert Patrick Jay, who claimed that around 65 percent of the global figure was spent on football betting, while tennis and cricket account for a further 12 percent each of the total.
But the estimate of a trillion dollars, as massive as that is, could be low, Jay opined.
"I say the trillion figure because I can just about get away with it without being laughed off stage," he commented.
"The fact of the matter is, the vast majority of people think it is less than that, the only three or four people in the world that I actually respect on this thinks it is two or three times that. And it is growing."
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
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At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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