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$62 Billion In Betting Wagers Expected By 2018

A survey conducted by UK firm Juniper Research is predicting that mobile betting wagers will reach $62 billion by the year 2018, which is six times higher than amount of mobile bets placed in 2013.

The study was titled "Mobile Gambling: Casinos, Lotteries & Betting 2013-2018", and revealed that casino operators want to have high end mobile software, which is spurring the growth of the mobile betting sector.

In order for the market to hit those numbers, Juniper concluded that the United States will need to launch regulated online betting, which appears to be unlikely at least in the short term. Another big obstacle is the lack of lotteries transitioning to mobile systems.

Report author Siân Rowlands noted this, saying: "Lack of competition in the lottery space has meant that there has been little incentive to innovate. Realistically, only if retail outlet ticket sales slump will providers be incentives to push distribution through online and mobile channels."