Online Gambling Numbers Climbing

Published Tuesday, May 05, 2009 -

It was thought that the recession would kill the goose that laid the golden egg. Prosperity was going strong before the massive collapse of financial institutions around the globe, and it was apparent that the situation would only get worse. In some parts of the world it is still getting worse economically.

Land based as well as online casinos experienced a real downturn. When the USA brought in the ban on online wagering a lot of offshore operations were shredded to a fraction of their former selves. Then came the meltdown in the commodity markets, well need I say more, people stopped gambling.

The Kentucky Derby is a success story, by all accounts. The sportsbooks were expecting low interest in the Kentucky Derby betting this year. Mostly because of the lack luster numbers they saw during the NCAA Tournament. Yet the Kentucky Derby this year actually generated much more interest compared to last year, especially when considering this time last year the slowdown was just a whisper.

Various online casinos and sportsbooks are reporting that they are noticing definite economic recovery, at least in the USA. New gamblers are signing up and while the average amount of money spent gambling online is still well below what we have seen in previous years, it's slowly increasing too. Although Wall street has not has not recognized the signs that casinos and sportsbooks have noticed in their detailed observations. The world is on the road to better days and those who follow the wagering trends know it.

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