Online Casino Study Released: 2

The Baranzelli Group released a study regarding the Global Gambling Market. The experts that conducted the study predict that the online casino market will grow significantly in the next four years. The growth that the online casino industry has seen in the last couple of years has been incredible, but with the increase of broadband internet accessibility more and more people are able to play at online casinos that may have not been able to before. These projections are also assuming that the United States keeps the ban on internet gambling. If there were to be a change in the US legislation regarding online casinos and internet gambling the numbers would skyrocket for the revenue gained by the online casino market.

The study was comprised of different sectors. There was an online gambling sector, which primarily consists of online casinos and does not include any online skill game or lottery. The sub categories of online gaming include online casinos, poker, and sports betting sites. Each of those categories provide enough revenue to stand in their own categories. The heavy hitters in the online casino industry have remained the same over the past several years and basically have single handedly driven the online casino industry further up. The United States did give the online gambling industry a big hit when the US Congress passed the Unlawful Internet Gambling Enforcement Act of 2006.

That caused the industry to have a 48 percent global turnover. This caused a lot of companies to withdrawal completely from the United States. This became good new for European markets because the focus was on them so they were usually getting pretty good sign on and high roller bonuses for participating in online casino play. Online casinos have seen an increase in their poker play, which actually made $3.0 billion in 2007 alone. Poker is currently the fastest growing sector in the online casino markets.