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Online Gambling Worth $29.8 billion Worldwide

Research group Research and Markets has released a new study that shows the global online gambling market had a gross gaming win of $29.8 billion last year.

The number was calculated by taking the total amount wagered by punters and subtracting the amount paid out to winners.

Other key highlights of the report show:

  • The online gambling market has had an average compound annual growth rate of 13.7% between 2006 and 2010.
  • Sports betting was the most profitable for operators last year, with gross gaming wins of $12.2 billion (41% of the overall market's value).
  • Overall market performance is likely to slow down, with an average compound annual growth rate of 9.1% projected for the years 2010-2015.
  • Market value is estimated to be $46.1 billion at the end of 2015.
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