Mobile Gambling to be worth $100 Million by 2017
Mobile gambling is already extremely popular and it looks like its set to grow over the coming years.
A report released by Juniper Research the mobile gambling market, which is currently worth $13 billion a year, will be worth around $100 billion a year by 2017. Already William Hill, Ladbrokes and Paddy Power have all seen a 40% increase in online sports-books customer placing bets from mobile devices.
A quick look at some of the biggest gambling operators easily reveals how much focus they’re placing on mobile gambling. All Slots Mobile has just launched an HTML5 platform for Apple devices which brings 11 of its most popular mobile slots and video poker games to the iPhone, iPad and iPod Touch.
Bet365 has recently updated its mobile platform as have William Hill Mobile; they both now offer sports betting and number of casino games to customers through mobile apps. Big Fish Games Inc. has announced that it will soon be introducing Big Fish Casino with real money betting for iOS devices, the app is expected to be available within the next few weeks.
The surge in real money mobile gambling apps is hardly surprising considering the potential revenues. According to Christopher Griffin, CEO of Betable, “this is the biggest opportunity that game developers have had since the advent of the internet.”
It also seems that restrictions on internet gambling in the U.S. may lessen over the coming months with several states considering legislation to legalise it. Should the legislation pass gambling operators can expect to see an immediate rise in revenues.
At present many users spend real money on virtual currency to play with, which can never be converted back into real cash. Therefore, it is expected that users will happily switch to real money gambling where they at least have the chance of receiving some money back.