It seems that online gambling, and mobile gambling in particular, continues to show some impressive growth in Europe and globally according to a report on the Economic Voice blog this week.
All online forms of gambling have brought $33.8 billion to the overall gambling industry in 2012 which is about eight percent out of all the gambling net revenue which was estimated at $417 billion for that year. The publication pointed out that the growth in online activity has surged greatly since that period of time.
More recent figures which come from the European Commission show that the gambling market in the European Union currently sits at around €84.9 billion with a 3% annual growth. There are approximately 6.8 million online gamblers who are active every year. The annual online revenues for 2015 are expected to top €13 billion which would be a steady growth from 2012 €10 billion earnings.
Apparently the country with the biggest growth over these last few years is the United Kingdom which has seen an estimated growth rate of 12% year-on-year. Projections done in 2014 show that the UK market could reach a total consumer expenditure of almost GBP 4.4 billion by 2018, led by the popular sports betting market.
This growing business is also seeing a lot of income due to the increasing popularity of mobile gambling. A lot of players prefer to gamble with the use of their tablets and smartphones since they can do it on the go as long as they have an internet connection.