Best of the Week
Most Popular
1. 2019 From A Fourth Turning Perspective - James_Quinn
2.Beware the Young Stocks Bear Market! - Zeal_LLC
3.Safe Havens are Surging. What this Means for Stocks 2019 - Troy_Bombardia
4.Most Popular Financial Markets Analysis of 2018 - Trump and BrExit Chaos Dominate - Nadeem_Walayat
5.January 2019 Financial Markets Analysis and Forecasts - Nadeem_Walayat
6.Silver Price Trend Analysis 2019 - Nadeem_Walayat
7.Why 90% of Traders Lose - Nadeem_Walayat
8.What to do With Your Money in a Stocks Bear Market - Stephen_McBride
9.Stock Market What to Expect in the First 3~5 Months of 2019 - Chris_Vermeulen
10.China, Global Economy has Tipped over: The Surging Dollar and the Rallying Yen - FXCOT
Last 7 days
The Corporate Debt Bubble Is Strikingly Similar to the Subprime Mortgage Bubble - 18th Feb 19
Stacking The Next QE On Top Of A $4 Trillion Fed Floor - 18th Feb 19
Get ready for the Stock Market Breakout Pattern Setup II - 18th Feb 19
It's Blue Skies For The Stock Market As Far As The Eye Can See - 18th Feb 19
Stock Market Correction is Due - 18th Feb 19
Iran's Death Spiral -- 40 Years And Counting - 17 Feb 19
Venezuela's Opposition Is Playing With Fire - 17 Feb 19
Fed Chairman Deceives; Precious Metals Mine Supply Threatened - 17 Feb 19
After 8 Terrific Weeks for Stocks, What’s Next? - 16th Feb 19
My Favorite Real Estate Strategies: Rent to Live, Buy to Rent - 16th Feb 19
Schumer & Sanders Want One Thing: Your Money - 16th Feb 19
What Could Happen When the Stock Markets Correct Next - 16th Feb 19
Bitcoin Your Best Opportunity Outside of Stocks - 16th Feb 19
Olympus TG-5 Tough Camera Under SEA Water Test - 16th Feb 19
"Mi Amigo" Sheffield Bomber Crash Memorial Site Fly-past on 22nd February 2019 VR360 - 16th Feb 19
Plunging Inventories have Zinc Bulls Ready to Run - 15th Feb 19
Gold Stocks Mega Mergers Are Bad for Shareholders - 15th Feb 19
Retail Sales Crash! It’s 2008 All Over Again for Stock Market and Economy! - 15th Feb 19
Is Gold Market 2019 Like 2016? - 15th Feb 19
Virgin Media's Increasingly Unreliable Broadband Service - 15th Feb 19
2019 Starting to Shine But is it a Long Con for Stock Investors? - 15th Feb 19
Gold is on the Verge of a Bull-run and Here's Why - 15th Feb 19
Will Stock Market 2019 be like 1999? - 14th Feb 19
3 Charts That Scream “Don’t Buy Stocks” - 14th Feb 19
Capitalism Isn’t Bad, It’s Just Broken - 14th Feb 19
How To Find High-Yield Dividend Stocks That Are Safe - 14th Feb 19
Strategy Session - How This Stocks Bear Market Fits in With Markets of the Past - 14th Feb 19
Marijuana Stocks Ready for Another Massive Rally? - 14th Feb 19
Wage Day Advance And Why There is No Shame About It - 14th Feb 19
Will 2019 be the Year of the Big Breakout for Gold? - 13th Feb 19
Earth Overshoot Day Illustrates We are the Lemmings - 13th Feb 19
A Stock Market Rally With No Pullbacks. What’s Next for Stocks - 13th Feb 19
Where Is Gold’s Rally in Response to USD Weakness? - 13th Feb 19

Market Oracle FREE Newsletter

The Real Secret for Successful Trading

The Potential Market for Online Gambling

Companies / Gambling Sep 29, 2018 - 12:06 PM GMT

By: Submissions


The first few online gambling sites turned up right around the time the internet was going mainstream. It’s an industry that’s been around for decades, and has grown tremendously in different parts of the world in recent years.

According to recent estimates from Juniper Research, the global market for online gambling could get seriously interesting in the near future. Last year, it was worth $620 billion, with British names like William Hill PLC, Playtech PLC, and Paddy Power Betfair PLC dominating the list. This year, the market has grown by over 13%, reaching $700 billion. If the current trend continues, Juniper believes the market could see more than 684 million companies in a market worth $1 trillion by 2022.

Improving technology and better access to online payment solutions seems to be driving the recent surge in growth. More people are signing up to an online casino or digital betting platform for the first time. With sophisticated chatbots personalizing customer support and virtual reality enhancing the experience, the adoption of these platforms is only expected to accelerate.

Another opportunity for growth is the changing perception of online gambling across the world. Perhaps the most noteworthy market is the United States. American states and the federal government are expected to take a more liberal approach to online gambling in the near-term. A few states have already drafted regulations for the industry and big players are plotting their market strategy. Gambling is currently legal in the states of Pennsylvania, Delaware, New Jersey, and Nevada, while a handful of others have an online bill due this year.

By some estimates, opening up America’s multi trillion dollar economy to online gambling will unleash the next unicorn. With these platforms easily accessible on everyone’s phone, a successful online gambling company could look very similar to Farmville maker Zinga or Angry Birds maker Rovio.

While a number of countries are either considering relaxing rules on the industry or introducing new frameworks for regulation, the UK remains the biggest market for online gambling. Over the years, the industry has flourished, creating jobs and supporting the government with lucrative taxes. Last year, more than 100,000 were employed in the gambling industry and more than £2.8 billion collected in taxes.

Fortunately for British investors, many of the most interesting online and offline gambling companies are listed on the stock market so they’re open to retail investors. Perhaps the most noteworthy is 888, which has a wide portfolio of online betting platforms, a recognizable brand, and a presence in the US. In fact, 888 has had operations in the US since 2013, which makes it particularly well-placed for an eventual liberalization in regulations. Others include Sportech, GVC, William Hill, Paddy Power Betfair, and AIM-listed Webis.

The online gambling industry is hitting an inflection point. With the chance of more acceptance in different parts of the world, the widespread adoption of smartphones, the proven business model of mobile gaming apps, and the potential for better digital payment technology, this is an interesting time to take a closer look at opportunities in online gambling.

By Chey Coscolluela

Copyright 2018 © Chey Coscolluela - All Rights Reserved

This is a Paid Advertorial.

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

© 2005-2019 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules