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Global Gambling Revenue to Climb to $144 Billion by 2011

Posted By Jeremy Hopkins | Monday, June 25, 2007 - 11:43
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Despite the online gambling ban in the U.S., gambling revenue is estimated to rise around the world, reaching $144 billion in 2011.

Gambling revenue is growing 7.2 percent every year, according to recent PricewaterhouseCoopers LLP report. In 2006, gambling revenue was $101.6 billion, due to new casinos and upgraded existing casinos around the world.

Current U.S. revenue, which stands at about 57.5 billion will grow an estimated 6.7 percent per year and reach $79.6 billion.

The gambling Markets of Europe, Middle East and Africa will grow 1.9 percent each year, from $25.2 billion to $27.8 according to the forecast.

The Asian market is growing even more rapidly and will grow 15.7 percent every year which will transform the current $14.6 billion market to $30.3 billion. This will make it the second-largest gambling market in the world.


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