Internet Gambling Grew 12.5 Percent Globally in 2010: Report
Despite continuing problems with regulations, online gambling continues to rise in popularity — and earnings — all over the world.
A recent report by H2 Gambling Capital Group puts the increase at 12.5% for 2010. That’s healthy growth for any industry, and validation that casino affiliates still have the potential to earn big.
The “gross win” by the Internet casinos sector reached US$29.95bn in 2010, up 12.5% on the figure recorded in 2009,” EGR reports.
“While some of this increase was due to the 2010 World Cup in South Africa, the industry still would have seen an 11.4% increase in revenues even without the world’s largest sporting event,” reports Internet-Poker.co.uk.
According to Internet-Poker.co.uk’s analysis of the report, online bingo and casinos were the biggest growth areas. Online bingo was strongest, “with wins in the industry up 28.4% to a total of $2.67 billion” compared to online casino growth of 13.3% over 2009.
Poker was at the bottom of the list — still growing, but not as much as bingo, casinos, or sports betting. At $5.06 billion, the Internet poker win grew by 7 percent from last year.