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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.
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Tim Chung Wins MPNPT Manchester -
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MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
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3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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