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 The global gambling market was worth US £147bn in 20061 , and is predicted to grow at 5% per annum – to a market value of £176bn in 2010. The European market accounted for £51bn in 2006 and is forecast to account for £58bn in 20101. The Gambling Commission stated that the UK’s gross gambling yield was £9.8bn in 2006, approximately 7% of the global market.
Despite the exclusion of the US market, the gambling market is forecast to grow from £6.8bn in 2007 to £11.7bn in 20121. Europe’s share of this global remote market is expected to rise from £4.9bn in 2006 to £10.2bn in 2010 and the UK’s remote market (excluding lotteries) is expected to rise from £1.3bn in 2006 to £2.0bn in 20101.
Gross gambling yield in the UK offline bingo market in 2006 was estimated at £0.8bn, 29% of the overall UK Gambling market. In Spain, the second country where the Gamesys Group launched an operation (www.botemania.com), offline bingo gambling yield was £0.9bn.
Remote gambling market revenues are divided between the following products:
In August 2007 Ofcom reported that more than half of UK households had broadband by March 2007 with over 13m residential and small business connections and is growing by over 0.5m connections every quarter.
In July 2007 the Gambling Commission reported that, excluding the National Lottery, 1 in 17 adults participated in remote gambling in the year to June 2007, rising to 1 in 12 including those playing the National Lottery remotely.
The fastest growing product category is bingo with 1.3% of all adults participating in online bingo compared to 0.7% a year earlier.
The proportion of adults asked whether they have participated in remote gambling in the previous month has risen from 1.0% in June 2001 to 2.0% in June 2005 to 3.5% in June 2007.
Soaring global broadband connections are driving remote gambling accessibility with Germany, France, and Italy all reporting over 10 million residential and small business connections by March 2007 and Spain fast reaching this milestone with currently 8 million such connections.
Over the past six years, by focusing on developing best of breed instant win, slots, bingo and casino games only, accessible through a proprietary single wallet/account, Gamesys - through its UK player focused brand www.jackpotjoy.com - has rapidly become one of the largest egaming companies in the world.
Gamesys is well placed over the next five years to take advantage of increasing player access to remote gambling across the world due to increasing internet connectivity, emerging mobile and interactive TV connectivity and a move by several countries to allow for greater competition in their remote gambling markets.
1Global Betting & Gambling Commission Statistics, May 2007.
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