|The worldwide mobile gambling industry is set to dominate the market by 2010, with a worth of nearly $12 billion, according to a new report by analyst firm Juniper Research.|
The report argues that the increase in the use of wireless payment services and the relaxation of remote gambling regulations in prominent global markets will drive the sector into unprecedented growth.
‘Mobile lotteries have already experienced significant levels of adoption in the Far East, while European state lotteries will increasingly embrace the mobile environment in the medium term,’ said report author Dr Windsor Holden.
The report also predicts that global gross winnings from mobile gambling services will see an upsurge from just $106 million in 2007 to $3.2 billion in 2012.
Another of the reports significant forecasts is that the US is set to overtake the UK, which is currently the largest single market for mobile gambling services, as a global leader of mobile gambling by 2012.