Online Slot Machines Growing per Merrill Lynch

According to Merrill Lynch, the online slot machine and gambling industry is about to grow more than it has already. They were recently quoted in the UK Register as believing that the online slot machine and gambling industry is going to be worth £270 billion by 2015. This estimate is extremely large for the online slot machine and gambling industry, and no one knows how they came up with these figures. However, if they are right, this would make the online slot machine and gambling industry the fastest growing industry of our time.

Everyone can see that the online slot machine and gambling industry is still thriving, even though many thought that it would not. The online slot machine and gambling industry was dealt a hard blow when the U.S. Unlawful Internet Gambling Enforcement Act was passed. It is too early to see what impact this act will have on the online slot machine and gambling industry, but many think that if the demand from player remains strong, so will the industry – offshore.

The online slot machine and gambling industry includes poker, bingo, sports betting, etc. and generated more than $12 billion in 2005 alone. It is expected to continue to climb to $16 billion for this year and $23 billion by 2010. An independent research group said that the online slot machine and gambling industry would be worth somewhere in the vicinity of $22.7 billion by 2010 – so those number seem to be right on. No one knows exactly where Merrill Lynch is getting their figures from.

Some think that they may be getting their figures based on the fact that the online slot machine and gambling industry still has much room to grow. With regulation being adopted towards the online slot machine and gambling industry in other countries, it may end up that the US follows suit and relaxes some of their laws against it as well.

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