A rapid proliferation of mobile casinos, lotteries and sports betting services should see gross revenues from mobile gambling mushroom to more than US$19.3bn by 2009.
Hampshire, UK (PRWEB) February 23, 2005 -- A rapid proliferation of mobile casinos, lotteries and sports betting services should see gross revenues from mobile gambling mushroom to more than US$19.3bn by 2009, according to a new report from Juniper Research.
The report reveals that lotteries will be the largest money-spinners, with gross revenues of nearly US$7.9bn worldwide by 2009, followed by sports betting (US$6.9bn) and casino-style gaming (US$4.5bn).
According to report author Dr Windsor Holden, Governments are generally less censorious about lotteries than other forms of gambling, with the result that mobile lotteries are likely to become established fairly quickly in a greater number of markets. Given the ubiquity of the lottery culture, it will only require a very small percentage of players to buy their tickets via the mobile handset for the resulting global revenues to run into billions of dollars".
Dr Holden added that if existing prohibitions on casinos and betting services are lifted, then overall revenues could be substantially higher.
These forecasts are based on the premise that a number of countries most notably the US and China will remain strongly opposed to the introduction of most mobile gambling services in the short and medium term. Should this situation change, then quite clearly the figures would be revised upwards to reflect this".
Other findings from the report include:
2005 will see total mobile gambling revenues pass the US$2 billion mark, including more than US$800 million on sports bets
By 2009, the Asia-Pacific region will contribute the largest share of total gross revenues (39%) followed by Europe (37%) and North America (15%).
Total European gambling revenues are expected to rise from US$202 million in 2004 to more than US$7.2 billion in 2009, with European sports betting revenues up from US$110 million to US$3 billion
Despite the regulatory constraints, 7.6 million North Americans are expected to use mobile sports betting services by 2009, with more than five million using casino-style services.
White papers and further details of the new study Mobile Gambling: Casinos, Lotteries & Betting (second edition) can be obtained at www.juniperresearch.com, or via Michele Ince at micheleince@juniperresearch.com, Telephone +44(0)1256 345612.
Juniper Research provides analytical services to the global hi-tech communications sector, providing analyst reports, consultancy and industry surveys.
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