Online Casino Gambling News - by Gamblers Lodge

Christiansen Capital Releases Updated Casino Industry Stats

Heard enough about online casino gambling statistics and revenue reportings?  Think you have heard it all?  Well, you probably haven’t because Christiansen Capital Advisors have released its most current findings regarding online gambling statistics and casino betting.

According to the report, when casinos first went online in ’96, there were about thirty internet betting websites that brought in approximately $30 million in revenue.  In eight years time to 2004, there were approximately 1,400 casino gambling sites operating online and bringing in close to $7 billion in transactions.  Now, in 2005, that total is expected to rise some 40% to nearly 2,000 casino sites and $10 billion in gambling wagers.  That’s a drastic difference than when online betting first started in ’96.

This seemingly exponential rise is phenomenal, and something which can not be stopped, especially with the corresponding rise in popularity of poker and televised poker game tournaments.  The online casino poker industry is expected to bring in some $2 billion this year alone – that’s 20% of the casino industries total revenue. 

While fluctuations do naturally occur in nature, and in economies at that, the worldwide economy is standing strong and looks that it will continue to do so.  An increasing number of online bettors are growing more confident to go online, deposit a small amount of money, (usually doubling their deposit with a free bonus) and having a fun time in an online casino.

The rise in revenue is indicative of a healthy worldwide economy, and is something to be embraced – not condemned as an epidemic or counter-influence to legal capitalistic ventures.  As long as the players are having fun, even when they incur a loss, the pastime of gambling is now online and simply more available to those who will claim their stake to what they have a right to claim.

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