Hamburg based business intelligence firm yStats.com published a research that shows the remote gambling industry is constantly growing. According to the information provided in the study, there is an increase in the use of mobile devices as a gaming tool as well as that more and more governments are deciding to regulate this practice.
In the publication titled “Global Online Gambling and Betting Market 2015” the company forecasts that remote gaming will maintain one-digit jump rates for the next four years. When it comes to revenue, the company believes that the market with reach a medium high, double-digit number in billion Euros profit.
The report also gives insight in the performance of leading online gaming providers and their growth over the past year. Thus, William Hill and Paddy Power showed strong results of growth in net revenue of approximately 20%. Betfair, on the other hand, noted only a moderate increase of its profit.
Not surprisingly, the largest remote gambling market in the world is Europe. The reason for this is, naturally, the large number of EU countries that passed regulations for online gaming. In addition, the number of such countries is expected to grow; for instance, the Netherlands is set to adopt new remote gaming regulations in pursuit of bigger tax revenues.
Spain, France and UK can boast with a very strong sports betting sector, which proved to be the largest segment of their iGaming market in the previous year. However, in Italy casino games seem to be players’ favourite when it comes to Internet gambling. Russia still considers online gaming illegal, while Germany is successfully maintaining two separate gaming regimes.
In the USA, New Jersey is the leader in online gaming revenues out of three states in total that regulated this way of entertainment. However, it’s expected in the near future other states to adopt regulations as the profit continues to grow.