Mobile Gambling Worth Over $100 Billion By 2017
Posted on by Sean Williamson
The biggest factor driving the success of mobile gambling today is the increase in the number of people using smart phones, tablet devices and other mobile devices for online gambling.
In fact, so many people are now using these devices for mobile gambling that projections have been made that the overall worth of mobile gambling could surpass $100 billion by the year 2017. Out of this total, about $45 billion is the estimated net profit of online gambling venues.
In the past, playing casino games on a traditional computer was more difficult due to things like slow connections and burdensome and inconvenient computer equipment. Mobile devices have brought about huge changes in the industry. The freedom they allow for gambling on the go and on demand has been revolutionary. It was estimated in 2011 that over 60 percent of Britons owned smartphones, while just over 50 percent of Americans owned them.
Juniper Research, an expert on mobile devices, found in a recent study that mobile gambling is growing the fastest of any type of gambling. Huge increases in the number of mobile phone and tablet users are fueling this incredible rise in mobile gambling. The revenue from online gambling rose by over 30 percent between 2010 and 2011 alone. At that pace, it could easily create the estimated net profit of $45 billion or more by 2017.
The recent increases in the number of online casinos that are mobile friendly also contributes to the popularity of using smart phones, tablets and other portable devices for online gambling. While some casinos have been in existence for years, there are always new ones being developed. It has been estimated that there are over 1,500 online casinos today, but only a small segment of these are considered to be mobile device friendly. The number of mobile friendly casinos is expected to rise to keep up with the demand for them.
Users love the portability available to them from their mobile devices. Smart phones especially have become ingrained as part of modern culture. It’s nearly impossible to go anywhere without seeing someone using a smart phone, tablet or other mobile device. Today it is possible to log on from anyplace and begin playing your favorite casino games quickly and easily. Many mobile friendly casinos also offer lucrative sign up bonuses and other bonuses, along with free downloads. These features all add to the attraction and popularity of mobile friendly casinos.
New apps are being created all the time as well, making it easier than ever before to use smart phones and other devices to play casino games. Visiting these sites through a browser can offer one a good experience, but the use of apps improves the experience immensely. As new apps are developed, it will become even easier in the future for mobile device users to play all their favorite games including Blackjack, Roulette, Poker and a variety of slot machine games, all enjoyed conveniently in any place from a handset.