Internet gambling industry worth $528 billion per annum
Merrill Lynch realeased a new research which states that the Internet gambling industry is still in its infancy and won’t hit its peak until the year 2015.
By 2015, the financial advisor predicts, the global I-gaming market will bring in a mind-blowing $528 billion annually, despite the United States’ prohibitive I-gaming legislation.
Merrill Lynch based its projections on the progression of the industry since 2001. Earnings are expected to reach $24 billion by 2010 (double what it was in 2005), and 2006 earnings are estimated at $15 billion.
U.K. government projections boost the numbers even further. Europe’s regular online gamblers already stake nearly £3.5 billion a year, which averages out to about £1,000 per person. Once Britain’s new gambling laws take effect in 2007 those numbers are promising to increase dramatically.
