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Jul
10th

Online Bingo is Booming

Technological advances and new infrastructure investment by broadband providers are providing the online bingoindustry with opportunities for greatly increased revenues. Increases in broadband availability to people’s homes and the variety and quality of products offered by the industry will all contribute to the expected increase in revenues. In the UK in 2006 the internet bingo industry generated revenues of 72 million pounds ($145,764,043) alone and is expected to vastly increase by 2008. Within five years analysts predict that the online bingo industry will generate upwards of 164 million pounds ($332,009,341) within the next five years.This comes as no surprise to online bingo site operators who have seen an increase in business despite the passage of the Unlawful Internet Gambling Enforcement Act of 2006. According to Phil Fraser, chairman of this year’s second Online Bingo Summit taking place in London in September:” Increased awareness of online bingo in the mass market, driven by the big land-based bingo brands and media owners’ bingo sites, means that there is indeed still much room for growth. Continuing increases of broadband into people’s homes and the increase in the variety and quality of product also contributes to this opportunity”

Other factors will undoubtedly contribute to the expected increase in business. In the UK recent smoking bans have already driven a significant number of players to switch from land-based bingo halls to online bingo. In the US several states have passed strict smoking bans with most states expected to follow suit. Given the fact that a significant number of bingo players smoke this is expected to be a factor in the growth of internet bingo games. There is even hope on the legislative front in the US with several bills recently introduced that would either repeal the Unlawful Internet Gambling Enforcement Act or severely curtail its scope. The act is generally considered a bad piece of legislation by members of both houses and many in congress have decried the underhanded way in which it was introduced.

With the newer mobile devices and improvements in broadband service mobile gambling is expected to become a reality in the very near future. Innovations such as the new I-phone are expanding the boundaries of what mobile devices are capable of. Already most mobile devices are essentially mini pc’s with functions almost identical to desktop pc’s. With the tech market holding its own the possibilities for online bingo site operators and their networks seem to be without end.

The most important factor remains that bingo is just plain fun to play. Online bingo has changed the demographics of bingo and it’s not just for little old ladies anymore. The new tech savvy generation has found out just how enjoyable online bingo can be. Younger players are the norm rather than the exception and current research bears this out. For online bingo players the most important factor is that it’s just plain fun and that is probably the most important factor of all.