Whether it’s sports betting, casino gaming or virtual poker, online gambling is a big deal in the U.S. and around the world. In the United States, nearly 10 million Internet users wager on sports and games of all types. That number is expected to grow in the coming years. The industry is worth a whopping $30 billion. A recent study found that more than a third of millennials are gambling online. Moreover, more than a quarter of the world’s gamers reside in China. In fact, the country is estimated to be home to nearly a quarter of the world’s gaming revenues.
Although the number of Internet gambling sites is not precisely tabulated, a recent study found that the industry was a top draw in the fall of 2011. In the U.S., more than 530,000 high school-aged male students visited gambling sites on a monthly basis. In fact, more than a third of the nation’s high schoolers were gambling online, a statistic that is projected to rise in the coming years.
The industry is expected to grow by more than double digits in the coming years, with more than a quarter of the world’s gamers reside in China. Moreover, online gambling sites in the United States were estimated to be worth more than a quarter of the industry’s revenues in the coming years. Moreover, the industry is estimated to have more than 10 million Internet users, a figure that is expected to grow in the coming years. In fact, the number of online gambling sites is expected to grow by more than half in the coming years. That is a lot of gamblers! Lastly, the most intriguing news of all is the United States government’s recent reversed position on online gambling, removing the ambiguity of whether it is illegal to bet online.