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“online gambling is one of the fastest-growing segments of the gaming market at a compound annual growth rate of more than 50 percent since 1998,” says a study, by London-based Global Betting and Gaming Consultants.

The market is projected to reach $25.2 billion in 2010, according to the report. Internet poker accounts for 20 percent of the annual online gaming revenue behind online sports betting at 36 percent and online casinos at 25 percent. The United States accounted for 47 percent of the global gross gaming yield in 2005.

Internet gambling has been growing by 50 percent every year for the last eight years however the UIGEA Unlawful Internet Gambling Enforcement Act is predicted to have an effect on this years’ results.