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The growth of online betting

THE GROWTH OF ONLINE BETTING THE BIRTH OF ONLINE BETTING OFFSHORE OPPORTUNITIES 1994 Antigua & Barbuda passes the Free Trade and Processing Zone Act, allowing offshore licences for online betting operators. becomes the AIA first online 1996 Cargill sports book. Finnish punter Jukka Honkavaara makes the first wager - on a match between Tottenham Hotspur and Hereford Utd. intertops ttte 1996 Punters in the USA wager $60 million online. Antigua's World Sport Exchange worldsports 1997 exchange opens. Tragically, co-founder Steve Schillinger would go on to commit suicide after the company folded. FAILURE TO KYL THE INDUSTRY 1998 Senator Jon Kyl introduces the Internet Gaming Prohibition Act, but the bill fails to pass. The House of Representatives reject it again in 2000. William Hill becomes the FIRST UK COMPANY Dilliam HILL 1998 to launch online betting. ACTIVITY AND ACCELERATION Online gambling revenues top $830 million 1998 S830 million according to a report by global consulting firm Frost & Sullivan. DOOMSDAY PREDIČTION BETTING SHOP 2000 Bookmaker Blue Square offer odds of 500-1 that all real-world betting shops will be closed within 10 years. The UK-based Ladbrokes Hilton Group 2000 launches Ladbrokes. Betting exchange Betfair opens its book, accepting just 36 bets on its first day. The company would go on to post an operating income, in 2013, of £70 million. betfair 2000 Sporting Index releases 'Bet on the Move' 2003 SPORTING INDEX - the UK's first mobile betting application. BETTING SHOP 25% 46% ORC International 2003 reveals that online gambling activities have risen by 46%. Offline gambling has fallen 25% since 1996. PADDYPOWER. SPORT Cheeky Irish chappies 2004 Paddy Power joins the online betting fray. U.S. BETTING BAN 2006 The US government passes the UIIGEA, making it illegal for banks and credit companies to process financial transactions for betting sites. Most sites withdraw from the market. Graham Calvert sues William Hill for £2M 2008 after losing that amount via sports betting. He loses. NEW TECHNOLOGIES, NEW FRONTIERS Money wagered on online sports-betting 2009 in the US tops $50 billion although the market is still unregulated. CELEB ENDORSEMENT 2010 Ray "Sexy Beast" Winstone becomes the voice of Bet365's advertising campaign, offering punters advice on live, in-play odds. 59:00 1-0 2011 Betfair launches the first "Cash Out' functionality, allowing punters to cash out bets in-play. Punters bet $2.4 million 2012 on the sex, name, weight and even hair colour of Prince William and the Duchess of Cambridge's baby. Paddy Power CRAZY PR 2012 Danish striker Nick Bendtner reveals Paddy Power sponsored underwear in a European Championship match versus Portugal. UEFA are not amused and fine him £80,000. A report by digital marketing agency Stickyeyes reveals that 2012 Betfair (15%) betfair P. SPORT have the highest visibility online, closely followed by William Hill and Paddy Power. HILL $74 billion According to Statista the online 2012 sports betting market is worth $74 billion. 2013 Jason Neubauer launches YouBetMe', the first social networking betting app. Members can bet against each other instead of bookmakers. youbetme MATCH-FIXING MADNESS 2013 Europol suspect the fixing of 380 European football matches. The illegal betting market, fuelled largely by Asian crime syndicates, is estimated to be worth £306 billion. BetVIP B bitcoin 2014 - the first licensed, Bitcoin-only sports books - launches before the World Cup. Bitcoin software provider SoftSwiss claim $10 million worth of bitcoins is wagered every month. There are over Geogle 2015 11.1 million searches a month on Google for the term 'bet365', That's more than Nike, which gets 9 million! bet 365 Currently... 2015 Online betting contributes $74 - $100 billion to an entire sports betting industry worth between: $700 -$1,000 billion - a similar GDP to the Netherlands! sources RĪGHT CASINO ence%31

The growth of online betting

shared by Liquidpaper1 on Feb 03
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This new infographic from reveals how, in 20 years, online betting has grown into an industry worth more than $74 billion.




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