Casinos.co.uk: Casino News Archive
Tuesday 11th May 2004
Online gambling market worth US$125 billion by 2015
A new industry report released by the Research and Markets Group (RMG) titled ‘The Online Gambling Market Research Handbook’ cites that revenues from this fast growing industry has the potential to dwarf those of other Internet services market pegged at US$700 billion in Europe and the US alone.
The findings, which provides a profile analysis of over 70 key players, and a future market outlook claims to be ‘the most comprehensive resource for online gambling business market data available from any source'.
RMG points out that earlier studies by the Angus Reid Group represents only 39 percent of more than 275 million Internet users worldwide, which undermines the market’s true potential. With the average online casino keeping about 75 percent of the money deposited in totally, Bear Stearns, an analyst firm estimates the business to touch US$125 billion by 2015.
The handbook, which is targeted at executives in all segments of the online casino and gaming business promises to provide an expanded understanding of the online gambling industry. An analysis is provided for the major industry sectors, including current and expected market opportunities. Market data is presented for the online jurisdictions along with discussions relating to activities and opportunities.
Source:OnlineCasinoNews
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