Online Gambling Industry Sees Steady Growth in 2010

Online Gambling Industry Sees Steady Growth in 2010 12.5 percent rise in gross win

According to recent report issued by gambling consultancy and monitoring company H2 Gambling Capital 2010 was a good year for online gambling business, which saw an increase of 12.5 percent year-on-year, despite the gloomy global economic situation.

It was noted in the report that even without the World Cup Football, the industry rise would still have been a creditable 11.5 percent.

In the existing conditions, the gross win almost reached $29.93 million, with online casino and bingo sites as a major component. Bingo proved to be particularly prolific with a rise of 28.4 percent over 2009, to $2.67 million. In case of online casinos, their performance was up 13.3 percent on gross win, reaching $6.24 million.

Despite the slight drop in online poker, this industry branch still managed to produce an increase of 7.1 percent to $5.06 million, somewhat thanks to the liberalized French and Italian markets. Yet, sportsbetting proved to be the biggest money maker in 2010, with a 10.8 percent increase to $12.06 billion, including the World Cup Football booster.

The monitoring company noted that the number of online gambling domains has dropped since 2009, assessing that less than 2 400 operational sites remain active, probably due to weak economic conditions, as well as harder competition for business and industry consolidation in the increasingly maturing market.

It was further opined that the industry may keep the same growth pace in the future, thanks to the positive regulatory changes in Europe, especially in Belgium, Denmark, Greece and Spain. The company also estimated that the business may see more participation by large, well-established land gambling corporations, as well as mobile gambling.

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