Global Online Gambling Market To Grow 9.03 Percent A Year Between 2016-2020
By Brian Cullingworth, Last updated Apr 14, 2017
Latest Research & Marketing numbers continue to paint a positive picture
Continued global market growth through to 2020 is the central message in the latest numbers from Research and Markets, an independent research firm.
The company’s analysts and researchers predict that the global online gambling market will grow at a compound annual growth rate (CAGR) of 9.03 percent over the period 2016-2020.
Their forecast embraces online gambling verticals betting, gaming, and lottery games on connected devices like smartphones, tablets, and PCs. The revenue generation is mainly through wagers on outdoor sports (football, tennis, and horse racing), lottery games (bingo and lotto), online casinos, and games played on other gaming machines.
The report covers the present scenario and the growth prospects of the global online gambling market for 2016-2020. To calculate the market size, the report considers the revenue generated from gambling activities on digital media.
Infopowa news was a staple of Casinomeister’s news from 2000 until 2019. Brian Cullingworth was the main writer, contributor, and was one of the most knowledgeable persons I have ever known involved in the online casino industry.
We first met in January 2001 at the ICE in London where I observed him going booth to booth interviewing online casino, software, and licensing jurisdiction representatives. Brian was also heavily involved with our forum as “Jetset“, he was involved as an informal consultant to eCOGRA, the OPA, and was a player advocate who assisted countless aggrieved players with his connections to industry folks. He also published “Casino Cautions” via Infopowa news for quite a number of years. These can be found in our news archives.
His passing in February 2019 was a dark day for us. He will be forever missed.
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