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Wednesday June 13, 7:00 pm Eastern Time
Online,interactive gambling set to take off -study
LONDON, June 14 (Reuters) - Gambling online and through interactive TV is set to boom over the next few years, with combined sales in the United States and Europe predicted to triple by 2005, according to British-based Datamonitor.
The research firm said a survey showed revenues for online and interactive TV gambling were expected to grow to $20.8 billion in 2005 from an estimated $6.7 billion this year.
And the number of online gamblers in Europe and the United States is expected to rise to 7.4 million from 2.9 million over the same period.
``Despite adverse conditions due to legal restrictions, the online gambling market is thriving,'' said Jacob Hayler, gambling analyst at Datamonitor.
``This shows the strong appeal of this content with consumers. The dotcom crash has led many to think of the Internet as an unprofitable medium. This crash does not apply to online gambling,'' he said.
Datamonitor said its research was based on surveys on online and ITV companies and their consumers and other research reports.
Online,interactive gambling set to take off -study
LONDON, June 14 (Reuters) - Gambling online and through interactive TV is set to boom over the next few years, with combined sales in the United States and Europe predicted to triple by 2005, according to British-based Datamonitor.
The research firm said a survey showed revenues for online and interactive TV gambling were expected to grow to $20.8 billion in 2005 from an estimated $6.7 billion this year.
And the number of online gamblers in Europe and the United States is expected to rise to 7.4 million from 2.9 million over the same period.
``Despite adverse conditions due to legal restrictions, the online gambling market is thriving,'' said Jacob Hayler, gambling analyst at Datamonitor.
``This shows the strong appeal of this content with consumers. The dotcom crash has led many to think of the Internet as an unprofitable medium. This crash does not apply to online gambling,'' he said.
Datamonitor said its research was based on surveys on online and ITV companies and their consumers and other research reports.
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