Online Casino Gambling Market For Now Driven By EUOnline Casinos Globally Produce $37 Billion A Year In Revenue |
|
The European gambling market is estimated to be around $87 billion USD, with online gambling representing around $15 billion of that figure. Europe is far and away the largest real-money online casino market in the world.
Online gambling is growing at an 11-percent clip globally, with the market currently worth around $37 billion a year. About 85 nations across the world have chosen to legalize Internet gambling. While India and Russia are two huge markets warming to the idea of online poker sites, the United States is the crown jewel of the industry in terms of an individual nation.
It’s importance is similar to that of the U.K., which alone represents in the vicinity of 10 percent of Europe’s online gambling market.
According to the United Kingdom Gambling Commission, between 2005 and 2009 online slots play there increased 328 percent, while table games and poker grew by 52 and 26 percent, respectively. The U.K. is considered the leader in regulation of these games.
Over in the United States, the first regulated real-money online casino game debuted in 2013 with the launch of Nevada’s online poker industry. Since then, Delaware and New Jersey have joined in, with New Jersey commanding more than 92 percent of the market these days. That’s according to a new report by national accounting firm RubinBrown, which gave a brief overview of the current state of regulated I-gaming in America. There has long been online horse wagering in America and mobile sports betting in Nevada, but those aren’t factored into the online casino games market.
Real-money online casino games are still in their infancy in America, with revenues from the space representing just 0.2 percent of all gaming revenue seen in 2015, according to RubinBrown. The American market could be worth $5 billion by 2020, according to estimates from Morgan Stanley.
The $160.7 million in I-gaming revenue between Nevada, New Jersey and Delaware was a nearly 20-percent increase compared to 2014. New Jersey had $148.8 million of it, followed by Nevada with roughly $10 million and then Delaware with $1.81 million.
While New Jersey and Nevada’s online casino games market both grew in 2015, Delaware’s contracted by 13.5 percent. Delaware and Nevada share liquidity for peer-to-peer online poker. Online casino gaming is expected to keep growing, but the American market would greatly benefit from California, Pennsylvania and New York, which are all considering legalization, joining the mix.
Image via Pixabay.
Copyright © 2001-2024
CardPlayer.com. All rights reserved.
