Online gambling to grow by 5.5% for next five years

According to new research by the “Global online gambling market” it is estimated that the online global gambling sector will grow by 5.5% from 2013 to 2018.

From 2008 to 2013 the average global revenue for online gambling increased by 2.4% annually, with revenues now at $133 billion, it is also expected to show that the current year will grow by 3.2%.

By far the largest growth is in sports betting across the globe accounting for $11.5 billion in revenues in 2012, with Asia, the Far East expanding the most, but also Europe showing greater growth than expected.

The boom in growth that is forecast has factored in the US market which given its current pace of expansion past the three state that have already legalized online gambling (Nevada, Delaware and New Jersey), it is forecast that the US market will be worth $173 billion or a growth rate of 5.5% annually by 2018.

The final point of the research says that now the signs of global recovery are clear to see the number of gambling operators will grow in the next five years by 2.1% or to 5,008 by 2018.