|
|
Subject:
How big is online gambling industry?
Category: Business and Money > eCommerce Asked by: pokerfan-ga List Price: $15.00 |
Posted:
06 Apr 2005 01:46 PDT
Expires: 06 May 2005 01:46 PDT Question ID: 505643 |
What is the size of online gambling industry? Size in terms of a) revenue b) users c) operators I am looking for market research data regarding a) what kind of growth this industry has seen in last 5 years. b) what kind of future analysts predict for this industry Data from any other "credible" and "quotable" source will do. By online gambling, i mean: online casinos + online poker + online sports betting. |
|
Subject:
Re: How big is online gambling industry?
Answered By: belindalevez-ga on 27 Apr 2005 01:14 PDT |
<Online gambling. Online gambling has grown from 30 sites and bets of $17 million in 1996 to approximately $3 billion in wagers in 2000. US gamblers bet an estimated $6 billion in 2003. Source: AngelCiti Entertainment. http://www.angelciti.com/aboutus.asp In 2000 gambling sites had revenue of approximately $2.2 billion (Christian Capitol Advisors) at that time there were about 1400 online casinos. http://www.the-surfs-up.com/news/gamblingonlinenews.html 2001 The gaming board for Great Britain gives an estimate for the total amount of global online gambling and a breakdown of the amounts spent on each type of gambling. Total global gambling turnover (offline and online) - £638 billion. Total online gambling ? £21 billion Online Horseracing - £2 billion Online Sports betting - £9 billion Online casinos - £5 billion Online Lotteries - £5 billion http://www.gbgb.org.uk/intgambling.htm Gross online sports wagering for 2003 will reach $63.5 billion. Source: Christiansen Capital Advisors, LLC. http://www.usatoday.com/money/covers/2002-03-29-online-bets.htm This CNN article has a graph showing online wagers from 2001 and projected online wagers worldwide up to 2010 - $18.4 billion (source: Christiansen Capital Advisors). Although the figures are supposedly the amount wagered, they appear to be gross revenue (bets less winnings). http://money.cnn.com/2004/03/26/commentary/column_sportsbiz/sportsbiz/ According to Merrill Lynch, gross gaming revenues for online betting will reach $48 billion by 2010. http://www.gamblingmagazine.com/articles/starnet/starnet152.htm According to the Online Gambling Research and Markets Group, online gambling will reach $125 billion by 2015. http://www.gamblingmagazine.com/ManageArticle.asp?C=500&A=10546 Merrill Lynch predict that online gambling will grow to $177 billion by 2015. $100 billion will come from online sports betting. http://66.102.11.104/search?q=cache:ig472u3x-JwJ:www.dentonwildesapte.com/assets/O/OnlineGambling_Oct2001.pdf+%22sports+betting%22+billion+%22by+2015%22&hl=en Number of gamblers. There are approximately 12 million online gamblers. 5.3 million are Americans. 4 million are from Asia. By 2006 the number of Asian gamblers is anticipated to grow to 7.4 million. Source: Christiansen Capital advisors. http://www.casinomeister.com/news/april2003.html Number of operators. The number of online gambling sites in 2001 was 31,000. Source: Websense. http://www.websense.com/company/news/pr/Display.php?Release=010620360 The number of online gambling sites in 2002 was 32,991 and 44,076 in 2003. Source: Websense. http://www.shoutasia.com/websense/clients_websense_gamble.htm In 2004 there were an estimated 53,000 online gambling sites. Source: As the Athens 2004 Summer Olympics Get Underway, So Does Reduced Productivity, Increased Legal Liability and Bandwidth Usage. PR News. http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/08-12-2004/0002230373&EDATE=> <Search strategy:> <"online gambling" growth> <://www.google.com/search?hl=en&lr=&ie=UTF-8&q=%22online+gambling%22+growth> <"online gambling" billion> <://www.google.com/search?hl=en&lr=&ie=UTF-8&q=%22online+gambling%22+billion> <websense "online gambling sites"> <://www.google.com/search?hl=en&lr=&ie=ISO-8859-1&rls=GGLD%2CGGLD%3A2005-17%2CGGLD%3Aen&q=websense+%22online+gambling+sites%22> <Hope this helps.> |
|
Subject:
Re: How big is online gambling industry?
From: lobstar-ga on 06 Apr 2005 23:50 PDT |
Hey, don't know if this will be helpful for you, but i have recently been hired in an online casino(and sports book). 300 000+ active members. Though i don't know the actual revenue, I was told an analogy a few weeks ago; "if for the super bowl last year, (with over $7 million in wagers the day of) every wager that was placed, was on the underdogs, and the underdogs won, the current interest on the money in the bank would more then cover ALL the payouts." That kinda blew my mind when I was told... but hope that is in some way helpful. |
Subject:
Re: How big is online gambling industry?
From: harv70-ga on 23 Sep 2005 08:22 PDT |
considering its global there is still a long way to go. it all depends on regulations and how individual governements react in order to either clamp down on it or tax it. i am in the uk and i play at www.clubworldcasinos.com they are regulated offshore but in my experience are very fair. |
If you feel that you have found inappropriate content, please let us know by emailing us at answers-support@google.com with the question ID listed above. Thank you. |
Search Google Answers for |
Google Home - Answers FAQ - Terms of Service - Privacy Policy |