A new survey by the Indian market research firm AM Mindpower Solutions observes that despite attempts to restrict or even ban the internet gambling industry, there was an 18.21 compound annual growth rate (CAGR) over the period 2002 - 2010.
The company specialises in providing industry research, company profiles, merger and acquisition studies, and private equity and venture capital deal directories to clients across a spectrum of global business areas.
In online gambling, Europe is now the global leader, the study reveals, with North America following, probably due to political and government interference in the business.
The report take an intensive look at the Asia-Pacific area in the land gambling sector, noting that there is strong potential in this geographic segment, with Macau outstripping expectations in its revenue growth.
"In 2009 Asian (land) casinos grew by 3.41% and showed further positive growth in the first half of 2010 of 2.88% compared to the same period last year," the study reveals.
"In China, sports lottery accounted for 41.88% of the total lottery market while the Welfare lottery contributed 58.44%.
"Rising income levels in the middle class with a growing trend toward women in the workplace is a driving factor for the casino and gaming industry in Asia-Pacific," the report claims, pointing out that the impact of the global recession was felt less in the Asian casino industry than elsewhere in the world.
Over the period 2004–2009, the overall global gambling industry recorded a CAGR of 3.58%, and experts predict that it will continue to grow at a CAGR of 3.91% from 2010–2015.
Spectacular results were recorded in Singapore land gambling, which grew casino revenues by 29.72% in 2010 compared to the previous year in a market expected to reach US$6.68 billion by 2015.
Annual lottery revenues in China expanded with a CAGR 27.38% from 2000-2010. In welfare lottery, computer ticket games account for 73% of total welfare lottery sales in a market that should reach an impressive US$ 46 billion by 2015, implying a CAGR of 11.06% from 2010.
Sales of computer ticket games are expected to grow by CAGR of 4.43% during 2008-2012.
Macau continued to provide the biggest draw card in the global business with casino growth at 56.5% in 2010 compared with 2009.
Source: InfoPowa News