According to Juniper Research, there will be a significant increase in digital wagers this calendar year. The firm attributes this uptake to an increase in ownership of mobile products and more favorable regulations around online gambling. In fact, online wagers are expected to skyrocket to as much as $700 billion this year, an increase of almost 12 percent. Juniper foresees online gaming opportunities to grow not just in the U.S. but globally as well. They predict that the start-up LetsBet will be a major player in this space.
Key Takeaways:
- Targeted research suggests that online bets will leap by a significant 11.4%, taking the total tally to 700 billion.
- That would make for 80 million more than the netted 620 million in wager-earnings accrued in 2017.
- Analytical forecasts suggest that in another four years online gambling dollars will reach an unprecedented tally of one trillion dollars.
“An increased uptake in digital products and more favorable online gambling regulation will help spur an uptick in digital wagers in 2018, the latest Juniper Research data show.”
Read more: https://calvinayre.com/2018/02/13/business/juniper-research-online-bets-hit-700b-2018/
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