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Total gambling revenues could reach $125bn

New figures predict that total worldwide gambling revenue could top the $125 billion mark by 2010.

A new report by PricewaterhouseCoopers has predicted wide scale growth across the sector in both the online gaming and land based gambling areas.

The report wrote: "Online gambling will expand rapidly in all regions, fuelled by the popularity of online poker and rising broadband penetration."

Particularly high growth is expected in the US – which is the world's largest gambling market – with expected generated revenues of $74.5 billion by 2010 if the established 6.9 per cent growth rate continues.

Online gambling revenue is expected to double by 2010 from $5.1 billion to $11.4 billion.

The report also stated there will be a huge growth in the gambling sector in the Asia-Pacific region with a predicted 14 per cent increase, which will help to spearhead the total revenue increase from $82.2 billion in 2005 to $125 billion by 2010.


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