This week gaming analyst Global Betting and Gaming Consultants released a new study, which revealed that online gaming grew by 328% from 2005 to 2015.
The largest period of growth was between 2005 and 2010, which saw Gross Gaming Yield jumped 198% annually to $11.06 billion. In the five years since, the industry grew 43% annually on average. Currently, the online betting industry yield is $15.87 billion, and it is thought that the industry will see $21.88 billion in yield by 2020.
The numbers revealed that online casino contributed 23.1% to the yield results in 2005, but has reached 29.2% in 2015. Sportsbetting also grew, making up 45.6% of the total in 2005 and 48.5% in 2015. Bingo also grew slightly, growing from 8 to 9% from 2005 to 2015.
Online poker shrank though, falling to 13.4% last year from 23.2% in 2005.