9 December 2011 by CasinoListings
This story was published more than 10 years ago.
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.