Online gambling market continuous growth

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With the invention of the internet, many companies were forced to get with the times or be left behind. The online gambling market is one of those contenders and although it has only recently tapped into the online market, it is clearly doing a good job at advancing, growing, and pulling revenue from this casino gambling branch.

Taking a serious look at the global online casino market it is safe to assert that Europe is in the lead with the highest revenue stream overall. The global compendium has grown to a multi-billion dollar business in just a few decades and it does not look to be slowing down any time soon.

In recent years online gambling has become attractive to more than just the World Wide Web handling young adults and has grown to include a wide variety of age groups. Women are also gambling more than in the land-based casino era, and the age range is estimated to be between 18 to 70-year-old patrons.

An increase of 80% among women and 60% among male gamblers has been felt since the beginning of 2004, within the limits of the same age group. The United States has had a slow start, mainly due to opposition from land-based casino operators and owners, but in 2013 Nevada, Delaware and New Jersey stepped up their game by independently passing an online gaming bill.

A profit of $8.3 million was achieved by New Jersey in the first year of running online gambling legislation and $262 million is expected to be cashed in by the end of 2015 and $463 million in gross gambling revenue by 2017. Despite opposition holding steady until recent years the internet gambling phenomenon is presenting itself more and more like a force to be reckoned with. The simple conclusion being that those operators that refuse to adapt will most likely become obsolete by the end of the century.

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