During the Holiday Season, Gambling Revenues Spike
According to industry analysts in Great Britain, the holiday season not only brings a rise in consumer sales, but also in online gambling wagers. In a report filed yesterday, online bets gradually increase after Thanksgiving, all the way up until New Year's Day, with a slight dropoff in January (except for the NFL playoffs and Superbowl) before picking back up during the Spring months.
The online gambling industry, which now boasts a total market capitalization of over $12 billion dollars, has seen at least a 10% rise in sales during the holiday season over the past 3 years. 2006 should be no different, despite the recent hoopla over the UIGEA in America.
According to Bedford Michaels, a financial analyst covering the online casino industry since 1996, "Over the next 10 years, the online gambling industry will thrive despite a possible decrease in US player accounts."
Most analysts would agree with Mr. Michael's future prediction, but the real story will be whethor or not casinos can stay afloat long enough to make it past these tough times.
"It's really hard to say, the UIGEA brought a drop in player accounts during late October and early November, but it seems as the holidays arrive, gaming accounts are revitalizing", said Michaels.
Christmas time is the season of giving, and if this season continues the trend of the past, online casinos may be heading out of the UIGEA slump.
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