Firm Predicts Lucrative Future For Mobile Betting Market

It has come as no surprise that the mobile gaming market has become a huge hit. From social games to gambling activities, smart phone and tablet computer users around the world are using the mobile devices every day to compete in some way. According to research firm Juniper Research, mobile gambling is the fastest growing form of mobile entertainment and sees a bright future ahead of it.

The mobile gambling market has seen impressive growth over the course of the past few years. Taking in $13 billion in wagers proves that the market has arrived, and shows no signs of disappearing anytime soon. In fact, most sportsbooks are now depending on at least half of their profits to be generated by the mobile market.

We saw the beginnings to this revolution in during the 2010 World Cup. There was a vast increase in live mobile betting, as spectators could wager on the games while at the local bar or pub. Fortunately, it wasn’t just a fad, and the market has continued to thrive.

The mobile betting market has seen so much success that Juniper Research anticipates that it will be worth $45 billion by the year 2017. The firm also anticipates that other forms of mobile gambling, including mobile poker and mobile casino games, will generate an additional $55 billion by that time.

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