German secondary research organization yStats is out with a new report that has the global gaming community taking notice.
“Global Online Gambling and Betting Market 2014” depicts the latest trends and developments in the fast-growing mobile and online gambling industry. In the report, researchers reveal that the online gambling and betting segment is now greatly “enhanced” by the spread of smartphones and tablet computers.
“While land-based lottery and casinos still dominate the gambling scene, online real-money gambling and betting are growing rapidly,” YStats CEO Yücel Yelken observes.
The spread of online betting and gambling is forcing governments to act to regulate. The global online gambling market has a current value estimated at a medium double digit number in billions of Euros, with growth expected between +7 and 10% annually in the next few years.
The major trends in online gambling and betting globally are mobile and social gambling. Mobile gambling is expected to grow at double-digit rates and to reach over 40% of the total online gambling market by 2018, as the number of mobile gambling users increases by a hundred million.
Social gambling, evolving from the desire of game developers to monetize gaming on social networks is a trend to watch. The growing acceptance of the digital currency Bitcoin is another trend in online gambling.
According to the report’s findings, the leading online gambling and betting companies worldwide include PokerStars, Bwin.Party, William Hill Online, Betfair Group, Paddy Power, 888 Holdings and Ladbrokes.
The full report, which is available for purchase now, can be accessed here.
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