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The only way is up:
Where is the sports wagering industry going?
Gambling911.com has
been mentioned in yet another media publication,
this time the very popular Canadian-based Slam!
Sports, part of the Canoe Network. The topic:
Where is the sports wagering industry going?
It's literally a
multi-billion dollar question - and the answer is
music to the ears of some people and frightening to
others.
"Sports betting is going to continue to steadily
grow," said Bodog sports book owner Calvin Ayre,
echoing the comments of nearly everyone in the
business. "Some market analysts suggest a 10-20%
growth per year."
Based on the high-end of
that formula, wagering on games will increase by a
stunning $100 billion US this year to $600 billion
US.
By 2008, $865 billion US
could be wagered on sports.
Gambling911.com's President
Christopher Costigan stated in the article:
"The new generation is not
afraid to use credit cards and other money
transactions over the net," said Christopher
Costigan of gambling911.com.
"This alone will help foster
the growth of online sports wagering."
This is in reference to the
idea that there will always be fresh new blood
entering the online gambling industry with very
nominal exits.
Read Jonathan Huntington's
article in its entirety here
Speaking of
Bodog.com, they recently got some sweet exposure at
a Dallas Mavericks game as seen below.
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Gambling911.com
News Wire
Originally
published February 13, 2006 10:29 am ET |
