Posted on 11/07/2006 12:56:50 PM PST by kerrywearsbotox
Internet gambling continues its astounding growth pace, growing by 50 percent every year for the last eight years, and today constitutes 5 percent of all global gaming revenues, a new report indicates. The study, by London-based Global Betting and Gaming Consultants, said that for 2005, Internet gambling brought in $13 billion in revenues, $1 billion more than previously believed. Overall, global gaming revenues are $258.3 billion from resorts in Las Vegas, Atlantic City, Macau and elsewhere around the globe.
"Online gambling is one of the fastest-growing segments of the gaming market at a compound annual growth rate of more than 50 percent since 1998," the report said. The market is projected to reach $25.2 billion in 2010, according to the report.
(Excerpt) Read more at onlinecasinocrawler.com ...
50% growth? That's an impossibly low figure. How could they have arrived at so under-inflated a figure?
bookmark
And aren't we lucky that the congress just forced all of the income overseas.
Gotta do something about that. It's cut'm into the state's numbers racket take.
paying on line is against a law that was just pasted????
if so you can't gamble. no pay no play!!!
All you have to do is get a credit card from a non US based company.
Isn't this article outdated even if its dated today?
The new law has already gone into effect and changed all this.
thanks for the info.
Well it certainly is getting to be more of a gamble to bid at ebay and receive the merchandise. Mysteriously ebay will pull an account of a "good" seller with nothing but positive feedback but not notify any of the existing winners of any of the circumstances for the suspension (privacy, don't you know).
and with the RATS taking the House, good luck in trying to get anything passed to build on the recent law signed by President Bush. Thanks America, youre decline into immorality continues.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.