Revenue of mobile gambling will be 1 trillion dollars in 2021
Date: 06-03-2017 | Posted in: News
According to a recent study smartphones will play a very important role in the growth of the gambling market. ‘Juniper Research’ showed that 1 trillion dollars will be bet online in 2021. The worldwide revenue by smartphones is already very impressive. The popular mobile online casino UK is even responsible for 70 percent of the gambling revenue worldwide!
Value of online wagers
Mobile gambling will make up the majority of the gambling revenue in 2021. The value of online wagers in 2016 was about 550 billion dollars globally. Maybe these statistics aren’t very clear to you. Perhaps the fact that online casino sites won about 10 percent of those wagers in 2016 makes their importance more clear. This number will increase in the upcoming years.
Role of the millennials
The rapid development on online gambling is caused by young people, the so-called ‘millennials’, who like to play from the comfort of their own home. They also want to place a bet when they’re on the road. It’s not as necessary anymore to play in a traditional casino. This interesting research of the gambling market definitely shows things are changing rapidly.