Published by CasinoTopsOnline on June 15, 2015 in Industry News

Online GamblingThe latest global online gambling and betting report for 2015 has been released by business intelligence company,

Based in Germany, yStats is one of the world's leading secondary market research companies that provides up-to-date and objective data on global markets.

In the latest market report, it is not surprising to see that the online gambling and betting industry as a whole is on the rise and the prediction is for there to be a steady one-digit growth over the next 4 years.

A noticeable trend that many online casinos and game providers have already noticed is the increase in mobile use for online gambling and betting.

Many gambling sites have reported a significant increase in their revenues from mobile and gambling search words. 

The report covered regions globally, including the United Kingdom, France, Africa etc, and found that Europe has the largest online gambling market in the world.

Mainly this was due to the large number of countries within Europe that have established gambling regulations.

This number is only predicted to increase over the coming years as countries such as the Netherlands implement new gambling regulations. 

Numbers in the Asia-Pacific region have taken a knock as some governments have limited online gambling drastically.

In Singapore alone all forms of remote gambling and betting are now forbidden.

Even illegal online betting has plummeted in China and South Korea as a large number of organizers were recently arrested.

New Jersey is one of only three states in the USA that allows online gambling for Americans and it has generated the largest revenues in 2014.

The United States are expected to be growing their online gambling market at a moderate rate in the upcoming years.

Unfortunately there is not much news from Africa as the government in South Africa (the regional leader in land-based gambling revenues) announced in early 2015 that it would not be legalizing online gambling in the country despite calls to do so.