Mobile betting news

Mobile Gaming Market to Grow $12 Billion by 2010

On September 26th, 2007, mobile phone gaming all over the world will produce $12 billion by 2010, according to the study made by analyst organization Juniper Research.

The study points this change to development of different cellular payment schemes as well as the loosening of remote gaming regulations in important markets. Mobile lotteries are predicted to become the most popular gaming service by the end of the forecast timeline.

Juniper Research also said that the customers of mobile lottery are expected to grow by 380 million patrons all over the world. Juniper study author Dr. Windsor Holden said that Mobile lotteries have already experienced a good reception in the Asian region while the state lotteries in Europe will increasingly adapt to mobile gaming in the near future.

Juniper Research also said that the mobile growth would also be helped by market loosening like the Gambling Act of Britain which was enforced on September 1st, 2007 and by the proposed modifications to existing gambling rules in Europe.

The study also implies that there would be available opportunities in the United States although for the meantime, it would be burdened by the UIGEA in the United States. But just in case the UIGEA will be repealed, in state mobile lottery, wagering and other casino services will have new opportunities in the U.S. by 2010.

This change of the legislator's mindset could be influenced by a recent study that shows that online gambling has no effect on the number of chronic gamblers.

The report also states that the global gross profits from mobile gaming services will improve from $106 million in 2007 to $3.2 billion in 2012. While Britain is the biggest mobile gaming market, there is a big possibility that U.S. gaming market will overtake it by 2012.

 

18 2007

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