Mobile betting news

Mobile Gambling Revenues Predicted to Reach $16 Billion by 2011

On January 15, 2007, market happenings and developments in the mobile gambling market around the world remain surprisingly stable as apprehensions remain due to the legal problems in the United States.

In Juniper Research's new studies of the mobile gambling market, they predicted that the international market for mobile gambling like casino games, lotteries and other types of sports wagering, such as horse racing, football results, etc., will increase its previous earnings of around $1.35 billion in 2006 to an enormous $16.6 billion by the year 2011, in terms of the wagers made by industry patrons.

Bleak predictions for the North American Industry shift the focus of attention to growing markets in Europe and the Asia Pacific region. These 2 areas are expected to produce almost 80% of the earnings by the year 2011. Bruce Gibson from Juniper Research said that they are changing their report because of the developments in the United States. The reports state that there is still much growth in mobile gaming in places that allow it.

The continent of Europe is viewed as the largest and newest market for mobile gambling related activities, with a total amount of $665 million placed in total bets last year. This amount is predicted to be topped by the Asia Pacific Region by the year 2008, with the $6.7 billion the region is predicted to produce by the year 2011.

The Sports Wagering Division is currently the largest sector in the Mobile Gambling Industry providing additional methods to current gamblers, as well as leading the way for new, undiscovered markets. In second place are the Lottery Division, which is predicted to grab the top spot by the year 2010, as lotteries and similar games like Bingo will attract the masses via the mobile phone channel.


Wednesday, January 17, 2007