In Australia, which leads the world in terms of per person gambling, online sports betting and gambling has been growing by over 30% annually, while the growth of the total gambling market does not exceed 5%. In South Africa, online gambling awaits legalization in 2014.
Trends in online gambling and betting.
DUBLIN–(BUSINESS WIRE)–Research and Markets (http://www.researchandmarkets.com/research/pwjr2j/global_online) has announced the addition of the “Global Online Gambling & Betting Market 2014″ report to their offering. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
The spread of online betting and gambling is forcing governments to act to regulate.
Global Online Gambling and Betting Market 2014 depicts the latest trends and developments in the field.
The major trends in online gambling and betting globally are mobile and social gambling. However, offshore gambling websites are popular among Brazilian gamblers, who spend several hundreds of EUR million annually on offshore sports betting sites. Total online gambling revenue in Italy recently reached a high number in hundreds of millions of Euros, with poker constituting the largest segment. The majority of Western European countries have some laws in place to channel online gambling and betting. The authors observe: while land-based lottery and casinos still dominate the gambling scene, online real-money gambling and betting are growing rapidly.
Online gambling is only starting to emerge in Africa. The global online gambling market has a current value estimated at a medium double digit number in billions of Euros, with growth expected between +7 and 10% annually in the next few years.
Regulation of online gambling and betting in Germany and Russia lag some of their neighbours. This ensures that the content of the original studies is correctly interpreted. In the USA, online gambling is legal only in three states and in many Asian countries gambling and betting is allowed only in casino resorts. Progress in online betting regulation in Germany is expected in 2014, as several operators have applied for the first online sports betting licenses. For example, a quarter of poker players chose to bet on unregulated networks.
In the largest Latin American market, Brazil, gambling and betting is forbidden except for horse racing.
Europe has been a leader in adopting regulation regarding online gambling, but as the activity spreads, new measures are being enacted. As a result companies get a precise and unbiased impression of the market situation.
In France, online gambling and betting has been legal since 2010, but many gamblers turn to illegal sites. Mobile gambling is expected to grow at double-digit rates and to reach over 40% of the total online gambling market by 2018, as the number of mobile gambling users increases by a hundred million.
- The analyses, statistical reports and forecasts are only based on reliable sources including national and international statistical offices, industry and trade associations, business reports, business and company databases, journals, company registries and news portals.
Regional variations in legislation and acceptance of online gambling and betting
In North America, online gambling was legalized in three US states by early 2014, with online gambling revenues surging to millions in the first months of legal operation.
- 888 Holdings
- Betfair Group
- Paddy Power
- William Hill Online
For more information visit http://www.researchandmarkets.com/research/pwjr2j/global_online
About Research and Markets
Research and Markets is the world’s leading source for international market research reports and market data. Among the findings of the reports researchers is that the online gambling and betting segment is increasing, enhanced by the spread of smartphones and tablet computers.
- The author’s international employees research and filter all sources and translate relevant information into English.
The regulatory landscape on online gambling and betting is varied. In North America and major Asian countries online real-money games are yet awaiting progress in regulation.
- These market reports inform top managers about recent market trends and assist with strategic company decisions
- The authors provide secondary market research: By using various sources of information they ensure maximum objectivity for all obtained data.
Italy has one of the most advanced regulatory arrangements regarding online gambling in Europe. The first regulated online gambling website in Kenya was launched in 2013.
The leading online gambling and betting companies worldwide include PokerStars, Bwin.Party, William Hill Online, each of which annually generate online revenues of over EUR 0.5 billion.
Online gambling and betting is spreading in the Asia-Pacific region
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