BUSINESS

Online gambling industry now valued at $29.3 billion

TAGs: Business, Global Betting, Online Gambling

Online-gambling-industry-now-valued-at-$29.3-billionThese figures come courtesy of a recent study by Global Betting, which speculates that this number will only continue to grow as more countries and territories begin introducing online gambling legislation over the coming year.

“With the amount of countries that have legalized some form of online gambling, that number will most likely continue to grow over the next decade,” the company’s Gaming Analyst, Steve Schwartz, told the press. “If that is the case, the industry could become one of the most relied on in the world when it comes to tax revenue created.”

The study speculates that the growth could push the industry to more than $40 billion by the year 2014, though the ongoing struggles to legalize online gambling in the U.S. may be an impediment to that growth.

 

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