eMarketer: Online Gambling Reaches $10.9 Billion
Nov 16, 2005, 6:00 AM
Online gambling's growth peaked in 2004, but it continued to grow this year, according to a report released Tuesday by eMarketer. "With the entry of large offline brands into the online betting arena, online gambling companies will need economies of scale, a wide geographical reach, and a diverse product offering to continue to grow and compete," the report states. According to the report, online gambling revenues worldwide this year jumped to $10.9 billion from $8.5 billion in 2004.