09
Aug
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Internet Gambling Keeps on Growing


With internet gaming becoming more popular all over the planet it is no surprise to see the recent figures which back this up. The online casino market has recently been regulated in countries like Spain, while others such as Portugal are expected to join them in the not too distant future.

The latest figures show an annual growth rate of almost 17% from 2007 until last year. The sports betting segment of the market accounts for almost 50% of the overall money spent. Overall global revenues for internet gambling have now reached a stunning $33.6 billion, which is the figure for last year. Sports betting accounted for $16.4 billion of that amount.

The Growth Rate Expect to Slow in the Future

The amazing growth in this industry is expected to slow down slightly in the next few years, though. It has been suggested that the growth rate will fall to under 8% in the next 4 years, while the total revenues figures should go up to around $50 billion.

Of course, as well as the strong growth in these countries which are new to the industry there is also still a lot of demand for online casinos in the likes of the UK. With new internet casinos opening up on a regular basis and some high profile advertising and sponsorship deals on the go it is no wonder that Brits keep on trying their luck online. Finding the right site just takes a little bit of investigation and a few trial games in most cases.

 

Categorised Under: General Gambling News
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