|The total income generated from worldwide bets placed via mobile phones will reach $16 billion a year by 2011, according to market research analysts Juniper Research.|
The introduction of the US Unlawful Internet Gambling Enforcement Act (UIGEA) in 2006 has put the online gaming industry into turmoil with many leading iGaming companies being forced to look to other sectors of the gambling market to deal with any shortfall in profits.
'The tightening of the legal barriers to online and mobile gambling in the US in 2006 has had an impact throughout the industry, stifling the growth of the young and fragile mobile channel,' said report author Bruce Gibson.
'A number of the leisure brands that we saw beginning to focus on the mobile channel early in 2006 have changed their priorities in the light of industry developments in the second half of the year.'
Juniperís report also revealed that Europe is the largest mobile gambling market in the world with $665 million placed in bets in 2006, with the UK expected to see the most significant period of growth within the European gambling market.