Tuesday August 7,2012 : GLOBAL ONLINE GAMBLING CONTINUES TO GROW
Latest Research and Markets study results released
The latest Research and Markets study of the global online gambling business shows that growth continues despite the stressful economic climate.
The business sustained wins of $33.6 billion in 2011, representing a CAGR (Compound Annual Growth Rate) of 16.8 percent between 2007 and 2011, with the sports betting segment the market's most lucrative in 2011 at $16.4 billion, equivalent to 48.9 percent of the market's overall value.
However, the research company predicts that the previously stellar performance is set to decelerate, with an anticipated CAGR of 7.9 percent for the five-year period 2011 – 2016, which is expected to drive the market to a value of $49.2 billion by the end of 2016.