A new report has revealed that internet gambling has grown to such an extent that it is now the fastest growing sphere of e-commerce.

The study by Gamingpublic.com discovered that the popularity on web-based gaming means that the industry is continuing to grow by 22 per cent per year.

With online ventures still only accounting for three per cent of the overall gambling sector, experts believe that the growth rise is indicative of future trends.

In support of this belief, Gamingpublic refers to a survey by financial analysts Merrill Lynch which suggests that the online industry is on course to reach annual takes of $528 billion by 2015.

Companies such as Merrill Lynch itself, and other investment firms such as Goldman Sachs, have of late invested hundreds of millions in online firms based as far afield as London or Costa Rica, moves which highlight the extent to which the industry is expected to take off in coming years.

This entry was posted on Tuesday, December 12th, 2006 at 9:47 am and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.