This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Mobile Gambling Statistics Predict Near Future Growth

The current trend of mobile gambling shows an exponential growth rate, as predicted by recent studies. At this rate, mobile gambling apps will take over as the predominant catalyst for gamblers worldwide, expedited by developers of mobile gambling apps for the Apple iOS and Android smartphones.

SCRANTON, PA, Nov. 26, 2012 /PRNewswire/ - The idea of placing wagers over the internet is certainly nothing new, nor is placing bets on a hand-held, internet capable device. Mobile gambling has been a developing trend for many years now. Unfortunately, due to unreliable networks and expensive data plans, the makers of these apps did not realize the potential growth they had hoped for in the early days of development.

Due to recent innovations in all facets of the mobile gambling industry, ranging from upgrades applications and operating systems to mobile providers bestowing more generous data plans, a swell of new internet gamblers has appeared. The majority of the global civilized population is now equipped with an internet capable hand-held device that can stream mobile gambling apps with alacrity; the most popular being Android and Apple iOS powered devices.

The download rate of apps in the gaming genre has increased at an exponential rate, and there is mounting evidence to prove it. As a leading developer of mobile gaming in all genres, Paddy Power's COO revealed in 2011 that 55% of its active members owned a Smartphone, and that 1/3 of their clientele had begun using the brand's mobile gambling apps. From 2010 to 2011, participation in mobile gambling had risen 300%.

According to the company's 2012 interim reports, in the first half of 2012 alone, across its UK-based mobile casino, games and sportsbook, Paddy Power has seen increases across the boards ranging from 5-20%, with the mobile casino rating the highest in player turnover. In Australia, Paddy Power's mobile betting saw an increase of 123%. Other major operators in the online and mobile gambling industry are reporting similar results.

Those statistics fall directly in line with the results of a study published by the diagnostics team at Juniper Research in May. According to the report, mobile gambling netted $20 billion in revenue in 2011, and is projected to increase five times over in the next five years. The study pointed out that while sports betting dominated the negligible mobile gambling industry in previous years, the advancement of Smartphone technology and mobile applications would result in an intense spike of mobile casino gaming, predicting global revenue of $100 billion from mobile gambling by 2017.

All of the combined studies, marketing research and data are pointing in the same direction; gambling at mobile casinos will be the dominant future of wagering around the world.

Author Bio - DepositBonuses.com has been a trusted authority in online gambling news and online casino bonuses since 2005. The website covers the latest casino, poker, bingo and sports betting information and creates a fun and social community for recreational online gamblers.

SOURCE DepositBonuses.com

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,203.37 -85.26 -0.47%
S&P 500 2,107.78 -9.61 -0.45%
NASDAQ 4,979.9010 -28.1950 -0.56%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs