This story was published more than 8 years ago.
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.
 Roaring 21 Casino | Play |
 Slots.lv | Play |
 Everygame Casino | Play |
 Casino Extreme | Play |
 Slotland | Play |
 Bovada Casino | Play |
Comments
These predictions are quite logical and don't have to surprise any body I think. We all know what potential Internet has and no wonder the gambling business will continue to grow in the next years. The large mergers are part of the business world as whole so it's quite reasonable to be part of the gambling market too.
This really does not surprise me at all, I can see more and more people becoming interested in online gambling and more and more casinos are popping up everywhere. If there was some sort of taboo against online gambling a few years back, it's definately started to change in the last couple of years. I think that only a specific audience is drawn towards land based casinos and I for sure know that I'm not a part of that audience. I don't need a bunch of drunk people around me in a room filled with cigarette smoke to enjoy myself with a little gambling session now and then. (at least that is what I've experienced in my local land based casinos)