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Online Gambling Growing twice as fast as land based

Last year land gambling revenues grew 3.1 percent; online gambling revenues were up 7.2 percent.
Online gambling and betting is a big and growing global business, with Euro 25 billion in gross win generated last year, claims a new study from consultants and gaming research specialist H2 Gambling Capital.
And growth in the international online gambling sector in 2012 outstripped that of the bricks and mortar industry, with online gross win up 7.2 percent vs. the land industry's 3.1 percent.
Nevertheless, e-gaming still comprises just 8 percent of the total global gambling market, giving room for expansion, with H2 predicting it will command 11.1 percent of the international overall market by 2018.
Due to the legal constraints in the United States, and a more progressive and modern approach to the online gambling environment in Europe, interactive gambling has a penetration rate of 12.6 percent in Europe vs. 4.4 percent in North America (including Canada).
That gap will likely narrow in the future as US state-by-state legalisation gathers momentum.
Growth in the global online sector for 2013 is likely to reach 7.9 percent and continue growing at a CAGR (compound annual growth rate) of 9.3 percent, reaching Euro 42.9 billion p.a. by 2018, H2 notes.
In terms of global market share in online gambling, Europe leads on 46 percent, followed by Asia-Pacific on 28 percent and North America on 17 percent. However, that will be subject to change as the United States market advances on the back of legalisation.
Researchers found that sports betting is the most popular sector with the online gambling sector, accounting for 46 percent of gross win in 2012, driven principally by mobile and in-play wagering.
Online casino action is a distant second at 17 percent, with live dealer activity giving added impetus, and online poker continues to decline at just 13 percent...again that could be beneficially impacted by US developments.

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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.

Fortuna Entertainment Group in deal with Czech Football Association - Online gambling operator Fortuna Entertainment Group Nv has announced a sponsorship deal for an undisclosed consideration with the Czech Football Association (FAČR), effective from the 2018-19 season for six years.

Paddy Power and Inspired in Deal - The new agreement sees Paddy Power join a roster of other Inspired HTML 5 clients that includes William Hill, Gala Coral, Bet365 and Betfred.

Martin Crowley DraftKings Collusion Charges Dismissed - Our readers may recall a story that surfaced last month in which allegations were made that there was suspected collusion in a million dollar fantasy sports competition at DraftKings.

BeBetway British Horse racing Authority Authorized Betting Partner - Online gambling operator Betway has become the latest bookmaking firm to agree to voluntary payments over the next three years to the British Horse racing Authority in return for accreditation as an Authorized Betting Partner.

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.

2016 World Poker Tour-best bet Bounty Scramble - That calmness and discipline not only kept Panzica in the game, but began to grind down Malones advantage, aided by some fortunate double up opportunities.

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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