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March 18, 2013

Rise in smartphone use will drive mobile gambling to $100bn by 2017: report

Mobile gaming is the fastest growing sector in the overall gambling market.

By CBR Staff Writer

The rise in smartphone usage is expected to drive the mobile gambling market to more than $100bn by 2017, according to a new report.

According to Gaming Club, online gaming firms are on their way to scoop an anticipated net profit of $45bn in the process.

The study carried out by Juniper Research revealed mobile gaming is the fastest growing sector in the overall gambling market.

According to the report, about 62% of Britons now own a smartphone, reporting a 14.2% rise over figures registered during October 2011. This has also boosted online gambling revenue which rose 32% between 2010 and 2011, accounting for about 15% of the overall UK gambling market.

The report revealed that smartphone facilitates playing online casino games on the go has been the main reason for the fame of mobile casino gaming.

Smartphones allow users to choose from a wide range of apps that allow easy access to casino gaming on their handset.

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