Virtual Reality Gambling Set to Deliver Real World Spend -- Growing Ninefold by 2021

HAMPSHIRE, UNITED KINGDOM--(Marketwired - October 10, 2016) - New data from Juniper Research has found that gross wagers from VR (Virtual Reality) gambling will grow from just over $58.5 million this year, to just under $520 million by 2021, representing an increase of 800%.

Juniper's latest research, Mobile & Online Gambling: Casinos, Lotteries, Betting & VR 2016-2021, found that VR gambling deployments over the next five years will be concentrated in the casino space, which will potentially offer immersive, real-world VR locations.

User Uptake Hindered by Cost of VR

However, the research cautioned that the high cost of VR devices would inhibit the extent of user adoption, with the addressable base in the short and medium term largely limited to early adopters.

Nevertheless, research author Lauren Foye argued that the initial user base would primarily comprise of smartphone VR players, alongside users of top-end PCs seeking the highest fidelity experience. According to Foye, "These will be coupled with a niche clientele, often high-rollers, thereby resulting in comparatively large average wager amongst these early adopters."

Online Casino Market to Take the Lead

The growth in casino VR follows the trend for the casino sector as a whole to lead the mobile and online gambling marketplace in terms of wagers, with this sector accounting for over 40% of total gross gambling wagers by 2021.

Other Key Findings Include:

  • Exchange betting (effectively the placing of bets against another gambler, rather than a bookmaker), will increasingly account for a greater proportion of the mobile & online gambling industry in terms of wagers made, with West Europe being by far the dominant contributor.
  • Whilst the lottery industry is still seeing an impact from the effective banning of online operations in China, Juniper believes that this market will see recovery from 2016 onwards, as we anticipate a lifting of the ban as a result of new regulation.

The whitepaper, Online Casinos ~ Gambling on Loyalty, is available to download from the Juniper website together with further details of the new research.

Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and industry commentary.

Image Available: http://www.marketwire.com/library/MwGo/2016/10/7/11G117272/Images/mobileandonlinegamblingwhitepapercover-e600a13684f683d99ae74eaba2a9ebe4.jpg


For further details please contact 
Sam Smith
Press Relations
T: +44(0)1256 830 002
E: 
Email Contact


Featured Video
Jobs
Senior Principal Software Engineer for Autodesk at San Francisco, California
Machine Learning Engineer 3D Geometry/ Multi-Modal for Autodesk at San Francisco, California
Principal Engineer for Autodesk at San Francisco, California
Equipment Engineer, Raxium for Google at Fremont, California
Mechanical Engineer 3 for Lam Research at Fremont, California
Mechanical Test Engineer, Platforms Infrastructure for Google at Mountain View, California
Upcoming Events
Digital Twins 2024 at the Gaylord National Resort & Convention Center in, MD. National Harbor MD - Dec 9 - 11, 2024
Commercial UAV Expo 2025 at Amsterdam Netherlands - Apr 8 - 10, 2025
Commercial UAV Expo 2025 at RAI Amsterdam Amsterdam Netherlands - Apr 8 - 11, 2025
BI2025 - 13th Annual Building Innovation Conference at Ritz-Carlton Tysons Corner McLean VA - May 19 - 21, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise