All businesses are moving online this includes the gambling industry as well. As per Morgan Stanley research, the forecasts gambling industry will be on the rise and reach $5 billion in a few years that is by 2020. This business may sound lucrative however is not profitable instantly. Usually businesses breakeven in the second year however, some may reach breakeven in ten months time. Anyone can keep in touch with the forecasts gambling industry to improve their chances of win. The gambling activities that are covered range from – Sports, Casino, Gaming Machines, Bingo, as well as Lotteries. Forecasts are available for both the forms – traditional as well as online and the mobile versions.
These markets are on the rise with certain US states and countries like Mexico are changing their regulations with new legislation to legalize gambling. Even though there may be risks at the higher end however there are immense growth opportunities. In Africa, countries like Kenya, Uganda, Nigeria, and Tanzania sports betting are on the rise. In Asia, Cambodia, Vietnam, South Korea, Saipan. The global gambling report looks at the trends in casinos and online gaming industry as well as gambling industry, with historical and forecast data based on the revenue. There will be challenges like liquidity across the border, taxation, the varying approach to the various gambling forms and disciplines.
A combination of social media, networking and online gambling will all come into play when calculating the revenues. This report will enable gamblers to understand the market and judge the predictions made for each gambling activity as per their liking. There will be a more educated and a calculated form of betting and gambling which will change the history of gambling. As everything is evolving – technology, media channels, regulations, all intersecting to create new unique opportunities.