The report predicts that Mobile gambling is expected to expand into the mass market in 2006.
By 2008, the industry is expected to generate $4.26 billion in revenue.
"Initial trials of mobile gambling sites have confirmed the channel[s] as viable sources of income for gambling site operators such as William Hill and Ladbrokes," report author Jean-Pierre Aubertin said in a statement.
Services are currently being developed to complement those delivered by fixed and online gambling operators and mobile gambling represents the logical extension of online gambling the report said.
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