Despite severe legal restrictions on mobile gambling in the USA, the global market remains strong and expected to rise from the current gross value of $1.35 billion to $16.6 billion by 2011.
Studies into the mobile gaming market conducted by Juniper Research predicts considerable growth in all forms of gambling on portable devices over the next four years.
While Europe is currently the largest market for mobile gambling, the research forecasts the Asia Pacific market to overtake in 2008. With the demise of American contribution, by 2011 it is expected that these two markets will represent 80 percent of all bets by value placed globally.
Juniper Research published a report last June, but have since revised the forecasts in light of the tightening of legal barriers with regard to online gambling in the United States. The newly released figures reflect the bleak prospects for the US market and are considerably lower – yet still suggest that there is significant potential for mobile gambling portals where the law allows.