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All bets are on for the online and iTV gambling markets

22 June 2001

According to a recent Datamonitor report, the online and iTV gambling market is set to boom over the next few years. It is estimated that European and US revenues will reach an estimated US$20.8bn in 2005. Although the US is currently this skyrocketing industry’s largest market, Europe, and the UK in particular, are not far behind. As the combined number of online gamblers mushrooms from 2.9 million in 2001 to 7.4 million in 2005, revenues generated by 2005 will reach US$13.6bn. ITV is also on its way up, although its greatest potential lies in the sports betting arena. Leading the pack are the UK and France and it is estimated that this market will grow to US$7.1bn by 2005.

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