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Great Prospects for US Online Gambling

Wednesday April 3, 2013 : U.S. ONLINE GAMBLING OFFERS GREAT PROSPECTS, NEW SURVEY SHOWS
 
It is possible that by 2017 the United States will generate 30 percent of global online gambling revenues
 
The latest study of online gambling prospects by the respected research organisation H2 Gambling Capital shows that regulated real-money online gambling, excluding lottery and skill-based games, already generates almost $30 billion in gross win globally, with the UK and Europe accounting for 54 percent of the market.
 
The study, titled Opportunities for Game Developers in Regulated Real-Money Online Gambling was commissioned by Odobo, a relatively new distribution channel operating out of Gibraltar for game developers.
 
The study included predictions on the possibilities for online gambling in the United States, where individual state legalisation initiatives are burgeoning in the absence of any cohesive moves toward federal liberalisation by the US Congress
 
H2 predicts that by 2017 the United States could represent up to 30 percent of the global online gaming market, generating gross win of around $7.4 billion, and continuing to expand annually.
 
The survey found that developers of real-money games earn royalties of between 7 and 15 percent of the gaming revenue generated by players using their games. This royalty results in average revenues per user for the game developer of 30-40 times those resulting from social gaming.
 
Odobo was founded last November by CEO Ashley Lang, who invited game developers to capitalise on the high-value players in the online gambling industry via distribution through licensed casino operators worldwide.
 
Back then, Lang described his motive for forming the company, saying: "It's very likely that the blockbuster game that will help take online casino gambling mainstream has not been invented yet. We thought, 'how would any developer with that great game idea overcome all the hurdles in today's industry?' Something needed to change.
 
"Casino operators invest millions in marketing and are actively seeking new and high-quality content from a wider variety of developers to engage existing players and attract tomorrow's new ones. We saw a big opportunity to revisit the way content is created, distributed, marketed and monetised to the benefit of all stakeholders."
 
Lang said that average revenues per user in real money online gambling are 20 times higher than social and casual gaming, and tens of millions of active players are forecast to generate attractive revenues.
 
Odobo enables developers and operators to work together to realise the true potential of this high-growth industry. The company has devised a series of aids that include Gimp Drawing, Gnu Drawing and Game Development kits that support HTML5 game production based upon engines and random number generators certified by industry-accredited third-party testing facilities.



Gambling News :

Oink Country Love Slot Launches - Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

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 - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

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.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

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