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Online Gambling Still Growing
Monday September 21,2015 : DIGITAL CHANNELS GAINING GROUND IN GAMBLING
Projections all point to continued growth.
Online gambling in general, and mobile gambling in particular, continues to exhibit impressive growth both in Europe and globally, according to a report on the Economic Voice blog this week.
Online channels contributed $33.8 billion to the overall global gambling industry in 2012, representing just eight percent of world gambling net revenue estimated at $417 billion, and the publication points out that growth in online activity (including mobile) has surged since then.
More recent figures from the European Commission suggest that the gambling market in the European Union is currently around Euro 84.9 billion with growth near 3 percent annually, and approximately 6.8 million online gambling punters active. Annual online revenues in 2015 are expected to top Euro 13 billion, a steady growth from 2012's Euro 10 billion, which at that time constituted 12 percent of the total European market.
The United Kingdom is widely regarded as one of the most active and developed environments in regulated gambling with an estimated growth rate of 12 percent. 2014 projections by Mintel and Deloittes analysts indicated that the UK market could reach total consumer expenditure of nearly GBP 4.4 billion by 2018, led by the popular sports betting vertical.
In this growing business, tablets and smartphones are increasingly gaining traction as betting and financial transaction technology improves, giving on-the-move punters more convenience, information, variety and immediacy than retail outlets.
The 2014 Global Online Gambling & Betting Market study predicted that mobile gambling will grow at double-digit rates and reach over 40 percent of the total online gambling market by 2018, and major company results tend to confirm that mobile channel contributions to revenues are on the rise.
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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