Annual global gambling revenues now top $400bn, says Global Betting and Gaming Consultants (GBGC).
It cites a provisional total of $419bn for 2011, up 5.6 percent on the previous year.
The biggest share of that, 28.4 percent, went to lotteries. But casinos are close behind at 27.7 percent thanks to growth in gambling centres such as Macau and Singapore, and GBGC expects them to overtake lotteries in 2012. The figures exclude U.S. tribal gaming.
Internet gaming revenues grew less than might be expected, from eight percent of the total to 8.4 percent.
GBGC expects the $500bn figure to be reached by 2014. But, cautioned director Lorien Pilling, “the global economic situation will be a major influence. If China’s economy does have a crash landing it is difficult to see Macau’s gaming growth rates being maintained. A strong economic recovery in the U.S. would help gaming revenues that have been hit hard in recent years. In Europe, the gambling industry needs the eurozone crisis to be resolved because the uncertainty is really hurting the gambling sector in the likes of Greece and Spain.”
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