Study: gambling sector rises 12.5 percent

January 11th, 2011

A study by H2 Gambling Capitals shows that while the global economy and in the UK have weakened considerably, the casino gambling industry continues to grow by 12.5 percent.

The total profit goes up with just under 19 million pounds and up comes primarily from sales of sports betting, but even if the profits of the World Cup would be pulled off, the profit would still be an impressive 11.5 percent. The sports betting sector was the most profitable with an income of 7.78 billion pounds, an increase of 10.8 percent. Second came online bingo with 1.72 billion pounds, an increase of 28.4 percent. Finally came the online casinos with a profit of 4.02 million pounds, an increase of 13.3 percent.

A weaker global economy, may have caused that the number of online casino gambling sites have been reduced to 2,400 online gambling sites since 2009. It was thought that poker would do well, but according to the survey, the popular game only had a small gain of 7.1% with a turnover of 3.26 million pounds. An important point that has played a part in the growth of the online gaming industry can be attributed to legislative changes within the EU, with more countries allowing competition from other country’s.