Global gambling revenues will increase by 8.8 per cent annually to $125-billion by 2010 from $82.2-billion in 2005, a study has found.
The study by PricewaterhouseCoopers, a consultant group, says that growth in the Asia-Pacific region will be most significant, at 14 per cent annual growth.
The United States will remain the largest gambling market and is expected to grow 6.9 per cent per year, from $53.3-billion in 2005 to $74.5-billion by 2010, the report said.
Online gambling is expected to grow by 100 per cent, from approximately $5.1-billion to $11.4-billion by 2010.
The report also identifies the United Kingdom as a high growth area, where recent legislation is predicted to create an increase of 16.6 per cent per year, to $6.6-billion in 2010 from $3-billion in 2005.
The report cited new regulations for casinos in Singapore, Japan, Taiwan, and Thailand as a cause for increased gambling in those markets.
The study by PricewaterhouseCoopers, a consultant group, says that growth in the Asia-Pacific region will be most significant, at 14 per cent annual growth.
The United States will remain the largest gambling market and is expected to grow 6.9 per cent per year, from $53.3-billion in 2005 to $74.5-billion by 2010, the report said.
Online gambling is expected to grow by 100 per cent, from approximately $5.1-billion to $11.4-billion by 2010.
The report also identifies the United Kingdom as a high growth area, where recent legislation is predicted to create an increase of 16.6 per cent per year, to $6.6-billion in 2010 from $3-billion in 2005.
The report cited new regulations for casinos in Singapore, Japan, Taiwan, and Thailand as a cause for increased gambling in those markets.