Jay Servidio, CEO of Teleteria Casino, Predicts Global Sports Betting Market Annual Growth of One Trillion Dollars by 2027

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Feb 06, 2017, 07:30 ET

NEW YORK, Feb. 6, 2017 /PRNewswire/ -- "The online Global Sports Betting market is worth up to a half a trillion dollars annually," Jay Servidio told a conference of business people in Fort Lauderdale, Florida in October 2016.

Jay Servidio, a NYC based internet entrepreneur, said around 65 per cent of that global figure was spent on soccer and football betting. The Asian market is one of the highest growth areas in the business. College-aged kids are also a very strong new segment to the industry.

Cricket is the second most watched televised sporting event (tennis comes in third), as there are huge cricket leagues all over India.

Jay told the attendees in a conservative estimate that the online betting market would grow to over one trillion dollars annually within the next ten years.

He also said that the figure could grow much higher. As the attendees in the room sat stunned at the market potential, the excitement in their faces was apparent.

Jay Servidio is the owner and founder of Teleteria, a company he started in 1994 that specializes in the production and marketing of adult themed websites. His company has built sites and helped clients market them worldwide ever since.

TeleteriaCasino.com was created to offer the opportunity of online gaming to the general public. The online gambling industry earns several times more than the online adult industry and has done so since 2013 when online sports betting revenues took over the online adult industry.

A major element that the sports gambling market has that the adult market does not have is the time zone issue. People in Asian countries are sleeping when sporting events are live in Europe and America. This is an enormous opportunity to increase revenues in the near future.

Partnerships with licensed casino operators outside the US have been the biggest opportunity to create revenue streams for people worldwide. This gives people who live in areas where online gambling is not allowed the opportunity to make huge monthly revenue streams legally and anonymously from home.

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