Tuesday, February 22, 2005
Lotteries, Betting & Casino Style Gambling to Generate over $2bn for the Mobile Phone Industry in 2006
A rapid proliferation of mobile casinos, lotteries and sports betting services should see gross revenues from mobile gambling mushroom to more than US$19.3bn by 2009.
Hampshire, UK (PRWEB) February 23, 2005 -- A rapid proliferation of mobile casinos, lotteries and sports betting services should see gross revenues from mobile gambling mushroom to more than US$19.3bn by 2009, according to a new report from Juniper Research.
The report reveals that lotteries will be the largest money-spinners, with gross revenues of nearly US$7.9bn worldwide by 2009, followed by sports betting (US$6.9bn) and casino-style gaming (US$4.5bn).
According to report author Dr Windsor Holden, “Governments are generally less censorious about lotteries than other forms of gambling, with the result that mobile lotteries are likely to become established fairly quickly in a greater number of markets. Given the ubiquity of the lottery culture, it will only require a very small percentage of players to buy their tickets via the mobile handset for the resulting global revenues to run into billions of dollars”.
Cellular phones are such cool items aren't they?
