March 5

Today, the British online betting company UKBetting, has announced its launch of a new poker site. As many more are sure to follow in the coming months.

With the brilliant new technological developments being made with regards to online gambling, it is no surprise that this is a major reason why online gambling is the Internet financial success story of the recent past.

It is being reported that g in 2004, gamblers lost nearly $237 billion to gaming companies worldwide. At this rate, it is being reported that by 2008 gamblers could stand to lose a staggering $277 billion.

Since the very beginning of online gambling back in 1995, online gambling has grown to $9.2 billion and is estimated to produce a 22% compound annual growth rate between 2003 and 2008.

45% of online gambling is from online sports betting. Currently, poker is gaining in percentage at the highest rate of any type of online gambling. It is being predicted that at the current rate of growth, poker would become the main source of online gambling no later than 2008.

In Britain, where UK Betting is based, online gambling has quickly become a booming industry. With poker breathing down the neck of sports betting, it is only a matter of time before we will see many more poker online casinos popping-up.