$29.3 Billion Generated according to Gaming Consultants

Over the course of 2010, 12% of the online gambling industry has grown. At almost $30 billion dollars, the online gambling industry has been doing well and showing improvement. 12% in this case, is a small number, but substantial, especially considering it’s only a year’s worth of growth.

A new report published by Global Betting and Gaming Consultants states this growth of 2010’s online gambling industry at 12%. The numbers being reported by Global Betting and Gaming Consultants are not proof of the financial figures that support their 12% gain in the online gambling industry. For the past 2 years, the online gambling industry has shown signs of improvement in all areas of the industry, which may have contributed to this 12% gain that is being reported.

The online gambling industry is now worth $29.3 billion, according to the new report by Global Betting and Gaming Consultants. Areas like sportsbetting, online casino, online poker and online bingo were assessed for this report. Sportsbetting accounts for 41%, while online casinos and online poker websites account for 46%. Online bingo contributed a surprising $1.3 billion towards that $29.3 billion in 2010.

It is predicted that over the next three years, the online gambling industry is going to continually generate billions, hitting the $40 billion mark within that period of time.

2010 saw many countries start regulating their online gambling markets and also lifting bans, which may have contributed to this %12 gain. So far this year, this trend has continued.