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On-Line Gambling Growing In Britain

Thursday, 27th September 2007

A study carried out on behalf of the UK Gambling Commission "has revealed the habits of gamblers in Great Britain are moving more toward betting on-line," reported bloodhorse.com. The survey (prepared by the National Center For Social Research) "shows on-line betting & betting exchanges now account for 8% of all gambling activities in the country". Great Britain's largest bookmaker Ladbrokes handled more than £607 million (A$1.456bn) in the 1st half of this year via its on-line department (only created in 1999). And internet betting exchange Betfair (launched in 2001) has annual revenues (largely commission payments) exceeding £140 million (A$336m). Reasons for the growth of internet betting include: "better value that can be gained compared to many traditional betting methods"; & the "ability to gamble from the comfort of one's home or office".

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