This week Moody's Investors Service released a new survey, which said that the online betting industry is poised for huge growth through 2018, and could reach a value of €42.8 billion by that time.
The survey, titled "Gaming -- Europe: Online Gamblers Will Drive Growth for European Gaming Companies" focuses on the rapid growth internet betting has seen, and notes that the industry is still growing, despite reaching €36.9 billion in value in 2014. The study goes on to predict that online companies will have much larger growth than land casinos, as mobile and focus on internet operations continues to grow throughout the world.
Predictions from the company state that solid growth will continue for at least the next few years, and note that expanding markets offer stability for operators operating in markets with higher costs. Currently several countries in Europe are considering regulating and taxing online gaming, while the United States has several states considering similar measures. Other financial groups have stated that they also believe online gaming will continue to grow for the near future, and will see large mergers continuing to take place, such as the recently completed Paddy Power/Betfair merger.
Subscribers to the Moody's service can access the report here.