| Annual Online Gambling Growth at 13.7 Percent |
| Written by Mark Bennett |
| Monday, 12 December 2011 14:50 |
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Research and Markets has released its latest study into the global online bingo market which shows a gross win if $29.8 billion for 2010. The gross win is worked out as the total amount waged by players minus winning paid out. The report suggests that the global online market has seen an average compound annual rate of growth of 13.7% from 2006 to 2010. The most lucrative segment of the market in 2010 was sports betting with total gross gaming wins of $12.2 billion which is 41% of the overall market value. The report suggests that the market is unlikely to continue to at the current level of growth and expects average compound of growth of 9.1% for the five year period from 2010 to 2015. By the end of 2015 the market value is likely to reach $46.1 billion.
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