My Business Guide

Worldwide Online Gambling Revenues to Top $10 Billion in 2005

November 15, 2005 -- NEW YORK, NY Revenues from worldwide online gambling will top $10 billion in 2005, according to a new report from eMarketer. US consumers are spending roughly twenty times the amount on gambling pursuits that they spend on digital music downloads, and some ten times higher than another well-known vice online porn. That's a lot of chips on tables everywhere.
"Online gambling is quickly moving to the mainstream, and it's being driven by the televised poker craze and growth of broadband," says Ben Macklin, Senior Analyst at eMarketer and author of the Online Gambling report.

Business Home Internet Nearly 20 million US Internet users visited gambling or sweepstake Web Sites in February 2005, equating to nearly 15% of all US Internet users, according to Nielsen//NetRatings data. In Europe, 14 million Internet users visited gambling/sweepstake sites, with the largest number of users originating from Germany. As a percentage of Internet users, however, France and Sweden top the list.

For fiscal year 2006, Citrix reported annual revenues of $1.134 billion, compared to $909 million in 2005, a 25% increase. For fiscal year 2007, the company expects net revenues to be around $1.31 billion. For the first quarter of 2007, Citrix reported revenues of $308 million, compared to $260 million in the first quarter of 2006, an 18% revenue growth.

Business Mlm Opportunity More recent data from comScore Media Metrix showed that in July 2005 30 million US Internet users (18% of all Internet users) visited gambling sites that month. This is comparable to the number of Internet users who visit retail music sites and is double the number who visited gambling sites in December 2001.

New figures from the British Chambers of Commerce (BCC) have revealed that the cost of red tape to British business has risen to over á50 billion in 2006, compared with á39 billion in 2005 and á10 billion in 2001.

Based Business Home Income Online poker helped spur phenomenal growth for online gambling during the last few years, says Mr. Macklin. "Poker has received all the headlines over the last few years, but the online gambling sector is much more than just poker," says Mr. Macklin. "It consists of online sports betting, online betting exchanges, online wagering on horse races, online casinos, online lotteries, online bingo, online skill games played for cash and more."

Business Standard states its current SME balance stance at á0.8 billion, 15 per cent of its revenue. Sandeep Ghosh, directoprt and business manager for the bank, "SME banking contributes 38 per cent of (Citigroup's) wholesale banking wallet in India, estimated at $5.2 billion (á2.7 billion). "It is considered to be the largest and fastest growing segment." Meanwhile, HSBC is another bank starting to focus on SMEs with more than half of its customers currently banking online.

Based Business Home Internet EMarketer's Online Gambling report answers these key questions:
What's the size of the online gambling market?
Which companies are leading the way?
What is the legal status of online gambling and online gambling advertising?
Is the current poker craze just a fad?
Why do people gamble online?
And many more...

Business Homebased Opportunity For more information on eMarketer's new Online Gambling report, visit eMarketer.

UPS Worldwide Expedited ( 7 business day delivery from date of shipment) UPS Standard to Canada ( 10 business day delivery from date of shipment) USPS International

Based Business Home Mlm About eMarketer

Business New Opportunity EMarketer is "the First Place to Look" for market research information related to e-business, online marketing and emerging technologies. eMarketer aggregates and analyzes e-business research from over 1,700 sources and brings it together in one place. This research is presented in analyst reports and the "eStat Database" the most comprehensive compilation of up-to-date e-business and online marketing statistics in the world. For more information, visit eMarketer.

Business Home Online Source: eMarketer

[ Comment, Edit or Article Submission ]