For all the excitement these days about gambling, particularly Texas
Hold'em poker, it should be no surprise wireless betting is poised to
explode. In a new report, Juniper Research estimates mobile gambling revenue will soar to $19.3-billion by 2009 from $2-billion in 2005. Of the 2009 forecast, Jupiter
estimates about 40% will be on lotteries, 35% on sports and 25% on
casino-style gambling. Juniper analyst Windsor Holden says lotteries
will be big business because governments are more relaxed about this
activity - probably because lotteries generate a lot of money for
cash-strapped governments and are seen as entertainment as opposed to
gambling. "Given the ubiquity of the lottery culture, it will only
require a very small percentage of players to buy their tickets via the
mobile handset for the resulting global revenues to run into billions
of dollars," he says. The Juniper reports is a nice complement to the
Yankee Group's forecast last year on the potential for wireless
pornography. Yankee Group estimates
mobile porn could be worth $1-billion by 2008.
Bottom line: vice sells.
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