GBGC believe that the UK has long been a role model for integrity and regulation in the gambling sector, and will soon lead the way in becoming the first country to integrate all aspects of betting and gaming into the leisure industry.
The report claims that internet businesses will follow the growth of the land-based industry. This is because governments are feeling pressure to licence and regulate internet betting and gaming to avoid losing lucrative tax revenues.
The internet has already become profitable for Ladbrokes, William Will, Coral and Sportingbet. GBGC believe that internet gambling will grow further as 30% of people who are socially excluded through lack of credit will be able to access the net through digital cash.
GSBC found that some form of betting and gaming is now legal in 247 of the 259 jurisdictions that it monitors. Gross turnover for the global industry was valued at $950 billion last year, generating gross profits of $200 billion.