Mobile gambling market to hit $5b in 2012-report

Market deregulation, wider 3G coverage and adoption, and greater availability of simple and intuitive mobile gambling products will push total annual wager on mobile casino services to more than $5 billion by 2012, a report said.

The report from market researcher Juniper Research also predicted strong growth in usage levels of both single-user games such as slot machines and multiplayer gambling tournaments.

Despite recent market deregulation, however, industry players are warned not to be over-optimistic as many territories will continue to prohibit remote casinos, whether mobile or online, the report said.

Still, global gross win from mobile casino services will rise from less than $5 million this year to $133 million in 2012.