Internet Gambling Yield Passes USD 20 billion

Online Gambling Shows Resilience in face of Recession

The online gambling industry is very well-placed to be resilient in the face of the continuing global recession argues Global Betting and Gaming Consultants (GBGC) in its new Interactive Gambling Report.

The total global interactive gross gambling yield surpassed USD 20bn for 2008 in what proved to be a good year overall for the interactive gambling industry.

Internet gambling will benefit from changing consumer behaviour as their spending patterns react to the economic circumstances.

„Staying in“ has become the new „going out“ as consumers look to save money on their entertainment. Online gambling is perfectly placed to take advantage of this new trend and can also offer the convenience, variety, and the value for money that consumers are now making their priority.

With the events surrounding UIGEA in the United States in 2006, the online gambling industry has shown too that it has both the flexibility and the innovation to react quickly.

2009 has started positively for many online operators and with the prospect of Congressman Barney Frank introducing new Internet gambling legislation in the USA and France intending to open its own gambling market to competition there is certainly good reason for the sector to be optimistic about the future.