Estimates put an annual growth rate of 19.3 percent on the mobile gambling market with the total global market estimated to reach €5.4billion in three years time. There have been even more heady estimates in the past with some stating it could reach as high as $100billion by 2017.
This is being driven by the ownership of smart phones seeing huge growth on all sides of the Earth with the United Kingdom one country driving the growth. A recent Ofcom Communications Market Report showed that 40 percent of all adults in the UK now own smart phones – an increase on the 27 percent that admitted to owning one last year. With new technology such as 4G only just being introduced that number will only rise further and in turn it will help to push the amount of wagers made with a mobile device up. If you put all of this together it’s hard to doubt the figures that various research firms have produced and they may even be a little too modest.