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Online Gambling Growing twice as fast as land based
Thursday September 26,2013 : ONLINE GAMING GROWING ALMOST TWICE AS FAST AS LAND GAMBLING
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.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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