Net gambling revenues top $10 billion | india | Hindustan Times
  • Monday, May 28, 2018
  •   °C  
Today in New Delhi, India
May 28, 2018-Monday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Net gambling revenues top $10 billion

The strong growth comes even though many players keep their cards close to the vest.

india Updated: Mar 01, 2006 23:49 IST

Online gambling revenues reached $10.9 billion worldwide last year even though betting is illegal in many countries including the United States, a survey showed on Wednesday.

The research firm eMarketer said global Internet gambling revenues -- minus the amounts paid to winners -- grew 28 per cent last year.

The strong growth comes even though many players keep their cards close to the vest, eMarketer said in a report.

In the US, eMarketer said surveys show divergent results on who gambles online.

One report indicated as many as 15 per cent of all US Internet users visited gambling or sweepstakes sites at least once a month.

But a Harris Interactive survey suggested some 95 per cent of US residents never spent money at online casinos or other betting sites.

"One suspects that if online gambling were legal in the US, online users would have been less hesitant to admit to gambling online, and the poll numbers would be considerably higher," the eMarketer report said.

Asked if online gambling should remain illegal in the US, users were roughly divided, with 53 per cent saying it should remain banned and 47 per cent favouring legalisation.