"UK-based Juniper Research predicts that worldwide revenues for mobile gambling, which is comprised of casino-style games, sports betting, and lotteries, will reach $19.3 billion by 2009. Windsor Holden, author of the Juniper report, says that mobile gambling will make up roughly a third of the entire estimated $60-billion mobile entertainment market for that year. Mobile gambling already hit $468 million in 2004, and is projected to be a $2.07-billion business by the end of 2005. " [I would haircut Juniper's market sizing by at least 30% because their numbers tend to be on the high side.]
There's no doubt online gaming and mobile gambling will take off -- it's just a matter of when and how big. Europe and Asia are typically ahead of the curve in terms of adoption of such services and user growth (and stickiness) has been phenomenal. The question everyone seems to want to know is when, if ever, US lawmakers will allow online and mobile gaming in the US. The UK and off-shore based online gaming companies, Sportingbet and PartyGaming, are likely to take a considerable chunk of revenue, down the road, from mainstream casinos. Who would want to make a trip to Vegas when they could stay home in the luxury of their home and gamble - fewer crowds, more open tables, gambler friendly benefits (free bodog chipsets, poker tournament points, etc.).
[Red Herring]
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