Mobile Gambling Growth

The next big mobile moneymaker: Gambling

By on December 3, 2013 at 4:05 PM.

The next big mobile moneymaker: Gambling

Wearable computing is at the forefront of every conversation these days when it comes to predicting the next big thing in mobile. As it turns out, however, the next big thing might already be here. According to a new report issued on Tuesday by market research firm Juniper Research, gambling is in the process of becoming the next monster mobile market. Be it sports betting, mobile casinos or various lotteries, Juniper says that 64 million people will use mobile devices to gamble in 2013 and that figure will balloon to 164 million in 2018. Interestingly, Juniper believes that strong growth in North America will drive the market — while mobile gambling adoption as been slow thus far in the U.S. due to regulatory issues, Juniper believes recent and ongoing legislative changes along with successful launches in Nevada and New Jersey will be the start of accelerated growth in the U.S. In a previous report, the firm estimated that revenue from mobile gambling would surpass $100 billion in 2017. Juniper’s full press release follows below. More →

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