How many online casinos are there?
A study released in March 2001 by analysts Bear Sterns suggested that there were between 1,200 and 1,400 sites accepting real money wagers online. This number grew to an estimated peak of 2,000 sites in 2003. Since then growth has stagnated, with many believing that the market has reached a saturation point. The above estimates are consistent with River City Group estimates, as illustrated below…is As at 2009, the number of online casinos remains at around 2,000. It seems the market has determined how many casinos are able to operate profitably online. While growth in the number of online casinos has stagnated, the number of online poker rooms has sky rocketed. From 1 in 2002, to around 250 by the end of 2004, poker rooms have definitely been the growth area although as with casinos this this industry will eventually settle down with the market determining how many poker rooms can successfully exist. As 2009, this number is around 500.