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.